We all have our demons.
I have a bud who trades 50-100 contracts at a time. He actually calls his broker if he has a 50K+ day to shut him down.
He'll throw in the towel on his own though, when necessary.
Something I can choose the options for myself of:
-$250 market exit and lock me out for the day.
+$500 Lock me out for the day.
+300 but retrace to <$200 lock me out for the day.
The first two being of most priorty.
Anybody heard of a broker that has those kinds of features...
I'm a bit confused. There's a real time P/L listed, and then the 'purchasing power' which is your actual cash.
I'll make/loose X per day, and the next day the P/L doesn't match the difference from the purchase power from the prior day.
Are they only including part of the commision on...
NoDoji...
Wasn't sure you'd be back in this thread. I read all .. ugh yes! Every page in your blog since the beginning. I've been at this a while, so the fact that you CAN turn the page and a new story begins was refeshing, positive, and really played at my heart.
I've surpassed 'level...
Thank you for sharing your thread. I will read it tonight.
Yes, I have both problems. But # 1 is probably more prevalent in all aspects of my life. Memory has always been an issue for me, which is why I didn't continue on to a much higher education.
Wow this this thread hits home for me.
60K lost over two years. Lost my job last August and thought.. well finally I can clear my head and maybe if I'm focused on trading full time I'll do ok. Nope, just lost the money faster. On a margin call yesterday, put in the last of my savings...
I have called several brokers, nobody will actually talk about your needs and if you will pass. All they can say is "apply."
MB trading did send an email that 50K total in some liquid form is required.
They had a little drop-down.. Previously I had chosen less than 40K filling out my application. (heck.. nobody really knows what they will make that year in trading)
So when I when to "apply" for margin it said I didn't meet the income requirements, so I bumped it to over 40. It took several...
OK fellows, here is the scenario. I am collecting unemployment since having lost my job in the fall. I was using fidelity with A T margin account, but switched to IB so I can save commission money and get (hopefully) faster executions.
So I completed the account, sent the money (lost two...