Otm . If you want to know my positions private message me. I was trying to get information from people who have already gone through this situation. Not discuss trading details of my demise. Apparently, people are most interested in how I lost money and not how to handle it. So if I start...
Still looking for concrete adivce. I haven't been able to find any interactive broker official policy on how long I have to repay negative balance. Can someone help me out here? David Battan is the compliance contact at interactive brokers fyi.
First off thank you to everyone who have replied so far I really appreciate all the responses. In the past I had contacted ib about their margin calculation and unfortunately they wouldn't provide the equation which always made it hard for me to gauge the margin swings when the market moved...
Does anyone have experience negotiating margin debt. On Monday I lost 175k due to massive margin call. This left me with 25k negative balance owed to my broker.
If anyone has been thru this situation before advice would truly be appreciated.
My acount was with interactive brokers.
Thanks
thanks for the reply!
I did some searching and I thought stated income loans were finished, but it seems like they are still a possibility.
Has anyone ever used a stated income loan ?
I am currently a day trader with only schedule D income.
Lenders do not qualify my income because it is schedule D. I do not want to leave the tax advantages of this area. So has anyone had any experience getting a loan with Schedule D income only?
I have heard it takes 3 years of tax...
Think about opening a twitter to network with other traders. Interacting with other traders will help you make better decisions or at least think longer about the ones you are implementing.
was hoping someone would elaborate on the topic... however, I was able to find link below if anyone else was wondering about same question.
http://ratesofinterest.wordpress.com/2014/01/24/about-the-overnight-carry-trade-implosion-basics/
Has anyone come across any news about the Debt Ceiling. Last I heard Congress had until Feb 7th to make a decision.
Is this still valid? Also heard they could potentially use "extraordinary" measures to extend deadline.
Any information would be appreciated, thanks
Fortnox