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  1. Damanuelman

    I am finally allowed options and futures in my IB account!

    I've done some cool shit with, Spreads on indices like SPX and NDX if your account is 125k and up with PM, or try looking at futures options man as they offer SPAN margin. I'm sure your smart man and you can figure it out from here. Peace out man
  2. Damanuelman

    I am finally allowed options and futures in my IB account!

    It's the difference between Cash account only and Margin approved account really. Think Cash account which I assume is your IRA as a level 1 account. And the futures one a a Margin approves account non IRA. I'm not too familiar with a futures IRA but I'm sure some broker somewhere will do it...
  3. Damanuelman

    I am finally allowed options and futures in my IB account!

    So I've had the unfortunate chance of dealing with brokerages that offer levels. Think Etrade and TD Ameritrade. It's more to protect the brokerage from liability incase you do something stupid. There's a Margin agreement you have to sign to pay for things under Margin. I know its possible to...
  4. Damanuelman

    What leverage should be good for a newbie to use?

    Make sure the money you use you are willing to lose 100%. Trading is a business so treat it like that. Commissions aren't a problem but an unreliable broker is. I always think of worse case like what if I lose power what's my back up plan. Risk Management- Only risk 1% max equity on a trade...
  5. Damanuelman

    Report Shows Where Gen Z Spends Their Money

    WTF I thought I was a millennial but it turns out I'm Gen Z. Yikes.
  6. Damanuelman

    Hi Baron I was having a problem posting a picture it's with the image hosting service name...

    Hi Baron I was having a problem posting a picture it's with the image hosting service name imgur, I posted the link but it doesn't look like my picture is accepted it's a graph of quick backtest.
  7. Damanuelman

    Another newb looking for advice. :)

    Considering that he has so many followers following the strategy that it becomes almost a self fulfilling prophecy, and he actually ends up making the money off his students when they actually try to live trade. I see he pays attention to the Time and Sales a lot and there you can see when the...
  8. Damanuelman

    Another newb looking for advice. :)

    Hey new trader I've been trading bitcoin since 16 and volatility products a little bit of options trying to find the next big thing. I noticed that I was just strategy hopping, you know going from one thing and another and not really finding my niche. Made a lot of quick money a lot of slow...
  9. Damanuelman

    Robinhooders Discover 3x Levered ETFs

    There's this guy on wallstreetbets that actually made out okay doing triple levered ETF's as a diversified portfolio. It was a mix of triple levered ETF's for SPY and one for TLT i think. It was hilarious but he did make his million. Keep in mind back test only goes back to 2010, and I got lazy...
  10. Damanuelman

    Indian lockdown

    Oof I know that younger people use the phrase "I'm going to kill myself really loosely" and it makes me cringe every single time, because everytime I've said it I meant it. It stopped me from getting help. Then there's 13 reasons why which romanticizes suicide like it's some sort of great escape...
  11. Damanuelman

    Indian lockdown

    I mean when I was younger I use to think it was normal to jump off the highest building you could find to commit suicide after losing everything in the stock market. I think I saw it in a movie or on TV somewhere. Some guy jumped off and killed himself after losing everything. I thought that was...
  12. Damanuelman

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Okay good I'm glad you're back. Yes the fees are double in micros, but remember the path, I'm sure you do and the "as soon as possible" part is more of form of expression then anything. I tend to read everything literally. I'll send you invisible vibrations that you can hear in your head but not...
  13. Damanuelman

    Absolute noob - a couple of "big dogs"..

    I don't like that feeling that you say you're getting, if you're a glutton for punishment you're going to enjoy getting rammed while your riding that high. Or worse you might go deer in the headlights. That's not good for PnL and is very degenerative behavior. If you're feeling that fear of...
  14. Damanuelman

    6 months TopStep 50K Net Profits

    I wish I would of made 10 to 20 points, what I was saying is i I was putting in market orders at 3043 or so I thought but the market was actually 3055 and my Rithmic was showing $700 profit per contract and I was like wow I'm going to take it then it turns down I'm down like 2 ticks and I'm like...
  15. Damanuelman

    Scalping 1 min time frame? 3 minute?

    Open is the most volatile sometimes closing is, good liquidity except for today haha. Stay out of the lower time frames if your starting out. I got in the trap of trading 1 min and 5 min candles when scalping, then I moved over to only DOM and I have to say it's a lot better for scalping Market...
  16. Damanuelman

    6 months TopStep 50K Net Profits

    Today was wild, my scalps turned into very profitable holds as well. It blew my mind a little bit. Who does topstep use as a data feed? Is it Rithmic or CQG? My Rithmic was filling me way wrong at Market open, like 10-20 points but I'm assuming that was the actual volatility and my data feed...
  17. Damanuelman

    S&P 500 drops 10% in six days, fastest correction in history

    One word. Efficient Markets.
  18. Damanuelman

    Take a guess on countries future

    Exactly that person/country has no where to go but up. haha I love this.
  19. Damanuelman

    $2,000 to $200,000 in 2020 at 2.00% per day.

    Ay man it looks like you've broken through a very important milestone. Keep up the great work.
  20. Damanuelman

    6 months TopStep 50K Net Profits

    Get rich slowly with leverage futures products ayyyy. I can't wait until your at 15 contracts on that big account. That's my goal too and seeing you work up towards it instills discipline, which is all really good trading is. Yup follow your system with an edge mathematical or algorithmic...
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