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  1. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    Yes, the broker can set whatever margin requirements he wants for intraday plays... but he's somewhat on the hook if things go awry. He plays that game... a calculated risk... that doing so is worth it to him in commish business. But to hold a position overnight, a trader must post the...
  2. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    "Initial margin" is set by the exchange. Brokers may take the risk of allowing lesser margins in order to secure commission from traders on "intraday business"... and there is a risk to the brokers who do so... which they hope to manage so as to not get themselves into trouble. "Maintenance...
  3. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    Not true. Brokers wanting commish business will allow initial positions with $300-$500 equity for intraday trades. "Maintenace" margin is set by the exchange... currently $5800/contract... just now looked it up. You have serious misconceptions and apparently need some education.
  4. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    Gotcha! ON IGNORE!!
  5. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    Pardon? Even the most liberal brokers will be looking at $300/contract equity as a value to initiate "automatic liquidation" to protect both the stupid customer as well as the firm's capital account.
  6. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    Doubt you realize. A 1000 contract position has a notional value of "140 $Million" currently. And you want to (1) risk your capital on that kind of leverage, and (2) find a broker who will "stand for your losses with the hope of making a few $$ commish on your trades when you have only $100K...
  7. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    Trying to justify such idiocy... suggest you put yourself "on ignore".
  8. Scataphagos

    How to ramp up quickly? Trading 1000 lots with $100k margin

    Stupid to the max... both for the trader and for any broker who would allow. (That's how LTCM got into trouble and threatened the entire world's markets... a bunch of dumbass, academic PhD bond traders tried to get away with 100:1 leverage. How stupid can one get? With that kind of leverage...
  9. Scataphagos

    How do you meditate for optimizing the mind for trading?

    Yes. That's 5:00P M.... that's when "the cows come home". When I was a kid, one of my uncles had a dairy farm. I used to spend some time with them in the summer, and one of my chores (besides "shoveling shit"... literally) was to "go get the cows and bring them home". The pasture was down...
  10. Scataphagos

    How do you meditate for optimizing the mind for trading?

    Years ago when I was a professional bowler, I used to hang with an old-time bowling character.. who liked to say, "the mind is the devil's weapon". Certainly true in the markets... likely even more so. IOW... you want (even desperately) success and fear losing. Everybody has that. Those...
  11. Scataphagos

    Stock market works by day, But loves the night.

    Globex markets trade 24/5... only about 25% of which is USA, RTH. The rest is overnight in Asia and Europe. "Don't know why the gap?". What, you got some PhD's on this? Any half-brain should recognize. The "gap at the USA opening" is a reflection of the psycho from what happened in the...
  12. Scataphagos

    How do you meditate for optimizing the mind for trading?

    You don't know? I do. :)
  13. Scataphagos

    How do you meditate for optimizing the mind for trading?

    Speaking of "until the cows come home"... do you know what time that is??
  14. Scataphagos

    How do you meditate for optimizing the mind for trading?

    Or, you could just make up your mind that you are going to exercise discipline and "do the right thing". (There was a thread on ET recently.. "How do I make myself do the right thing"? Don't know that any of us have the answer.) Trading is all about... #1. Knowledge/logic/probibility #2...
  15. Scataphagos

    Marine Le Pen Must Undergo Psychiatric Evaluation, French Court Rules

    "...In other words, the court is treating Le Pen as if being conservative is a mental illness...." https://www.zerohedge.com/news/2018-09-20/marine-le-pen-must-undergo-psychiatric-evaluation-french-court-rules WOW! Globalism/Leftism all around the world. Trying to shove it up our collective...
  16. Scataphagos

    Citron is getting screwed by cannabis by shorting TLRY

    Is that what is called a "short squeeeeeeeze"? I've been sort-of following pot stocks for a while. None of the "advice hawkers" had CGC, CRON, or TLRY on their "gotta have" lists. Seems most of the "cheap" pot stocks are barely participating in this up-thrust, if at all.
  17. Scataphagos

    How much did Nicolas Darvas have to pay in capital gains tax in the 1950s?

    Off topic.... Darvas combined FA with TA... analyzing a company fundamentally, but managing his trade technically. Yet another example of "TA works". If one is not familiar with Darvas' methods, you might want to look it up. Some software will actually draw "Darvas Boxes" for you...
  18. Scataphagos

    Why market wizards are not day traders?

    Whoa, buckeroo! Sounds like you might have read a book on trading at some point... then you come storming onto ET, pontificating this and that... telling us all "how it is". Calling me "naive"? That's like calling Chuck Norris a sissy. Had enough of your bilge already. ON IGNORE!!
  19. Scataphagos

    Why market wizards are not day traders?

    You appear to have some naive presumptions.
  20. Scataphagos

    Why market wizards are not day traders?

    And then there's the rest of us.... who also need to eat.
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