Recent content by drukes1234

Scary that people like this trade

If you have under SIPC/CIPF insured amounts then no.

Anyone here trade mainly based on news? Upgrades/Downgrades/Earnings/Other macro and stock specific news? I've been trading news for 9 years and am always looking for more people to share ideas with. Shoot me a PM

If it's not a hard to borrow name it's unlikely. If it's a name that at times doesn't even have shares to locate then it's possible but still rare. I often short VERY hard to borrow names and when there's a borrow I pounce and then the locates disappear and even under those very extreme...

Yes, my bad, I assumed we were talking about clearly CIPF insured firms

If with a Canadian broker everything is covered including futures. With an American broker, not so much.

I got a response from CIPF -- they did say that futures are indeed covered which is complete shock to me but a very pleasant surprise. Here is their full response "CIPF coverage applies to any combination of assets, including futures and options, as long as it is held in an account at a...

Thanks. I sent a series of emails to SIPC and CIPF (canadian version of SIPC) and I'll post the responses when they are received. Like I said I trade futures in a wholly separate account created at IB from the account I trade equities with which I think is probably the best way to go about...

My futures broker is IB and I do choose to have my funds swept into a securities account but either way I conduct my futures trading in a separate account from my main account and I keep the balance in that account extremely small. I was concerned that options weren't covered but if by...

I'm definitely not portfolio margin. So basically the only positions that would not be covered would be OPEN futures positions? As long as it's closed and everything is back in cash I assume I am covered? Thanks for the responses

Thanks. But what if in my account I trade futures and equities and at the time of bankruptcy or whatever the case may be, I'm not holding any futures contracts. Is the account covered because I am not holding at futures contracts or is the fact I traded futures at any point in that account mean...

I’m trying to get a better understanding of my coverage and I’ve done my best to read all the documentation myself but I still have some questions. I read that futures and options accounts aren’t covered, however I’m unclear as to what makes an account a futures/options account. If I...

C'mon... really?