Search results

If your IRA was at Interactive Brokers you could have sold off securities and exercised the rights on the same day. IB offers special margin IRA accounts for the sole purpose of eliminating the need to wait for funds to settle. That said, your main complaint should be with your brokers for...

Considering everyone else is now putting in their own short pikes, I'd take profits too.

There is no central market in Forex. One dealer very well may have different prices than another. It shouldn't last too long as dealers get arbitraged, but it's very common in volatile market conditions. If you'd like to jump on the arb bandwagon, you might start out by trying Interactive...

The value of a crude contract is in its price. The price of crude contracts are measured in U.S. dollars. If the value of crude does not seem (to you) to be following supply and demand, then I suggest you look into the other side of the equation: the value of the U.S. dollar. Since leaving...

Are there any retail brokers that offer less than $3800 per ES contract overnight margin requirements? Thanks, Raystonn

Those rules are waived for Margin accounts, even if you never actually use margin. -Raystonn

No they are not. I'd rather pay taxes on the money before I have built it up into a large fortune. The tax implications of an IRA allow a much increased growth rate. I'd rather pay 33% ($333) in taxes now to put $1000 into a Roth IRA, than pay 10% ($2000) on the resulting $20,000, assuming a...

Even again for the next 24 hour period. No entry. -Raystonn

He obviously put in a limit order to sell at 1 yen. That picked up every bid on the book, and every bid later placed on the book, until the order was cancelled or filled, or the 15% limit was hit. It's fascinating that there is a 15% limit, yet they allow you to enter an order well below the...

The rules you mention are for cash accounts trading stocks. Either get a margin account with $25K or trade futures to get around this. -Raystonn

Also, I've rerun the numbers and have decided to forego the hard stop. It's detrimental to my strategy. In addition, I may add to positions at the end of the day to the point of being long or short up to 3 contracts per every $30K in the account. Positions will be tracked only by specifying...

Don't revenge trade... You'll regret it. Every trade is separate. I am staying even for the next 24 hour period, thus no entry. -Raystonn

Today (12/07/05), I have closed my position after market close @1258.00. Current Net: -0.25 points -Raystonn

Today (12/06/05), I have gone long after market close @1265.50. Current Net: +7.25 points -Raystonn

You manage that much money, do you? ;) Most will never really see big money interest in their stops. You need huge positions at these stops to attract attention. -Raystonn

There were more sellers than buyers at that point. Most of the smart money wanted the market to remain mostly flat or go down by the end of the day. Through analysis I can see how the smart money is positioning itself for the immediate future. This usually plays out the very next day...

It's fascinating that the moment I post a stop on a public forum, the market runs to it, hits it, and then reverses. Classic. This is just reaffirming to me that posting calls publicly is detrimental. As of this moment I am changing my strategy to use 15 point stop losses. The stops are...

If you are confident in your signal, and you aren't trading such size that you will run the market up on yourself, why wait? If you find positions going against you often, then your signal isn't very good. If it goes your way, then delaying part of your entry is simply wasting money. Just...

That depends on your strategy, your timeframe, your ability to react during the night, and your aversion to risk. If you have a system where you are confident in the direction of the market, then there shouldn't be any reason not hold the position overnight. In fact, some of the expected...

Some clarifications: 1) At the end of every trading day, I perform market analysis to determine my direction for the next trading day. 2) I enter all trades as soon as possible after completing analysis, holding through the overnight session and the next day session. The price at which I...