There's typically multiple layers (at different points between tick to an order hitting an exchange) of risk-management/circuit-breakers that prevent these types of things from happening at most shops that know what they're doing. No one wants a repeat of Knight Capital's 2012 meltdown.
I would imagine it may be easy for an unsophisticated/hobby "algo-trader" to make this type of mistake but with over a million in capital, you should probably be a bit more prudent with risk management.
I would imagine it may be easy for an unsophisticated/hobby "algo-trader" to make this type of mistake but with over a million in capital, you should probably be a bit more prudent with risk management.