Got nailed on an overnight and then proceeded to get totally raped on a QQQQ short when I couldn't pound out (friggin BRUT stickies).
Was red well over 2 Large, so I will take my minor loss happily.
There seems to be some sort of myth floating around that the traders at Swift have no liability. Hate to burst everyone's bubble but just read the contract that you sign with Swift. The trader is liable for ANY losses incurred.
Sometimes if a trader racks up a loss and leaves, Swift decides...
So much cash out there today it was sick. FNSR, NOVL, BWNG, CIEN.
Even managed to keep the fees under control.
Made for a new best day by inches. :D :D
edit. oops messed up on the blotter that was my total in FNSR
Was up a G then CIEN had it's way with me as did INTC and OVTI. The nearly thousand bucks in fees didn't help either. Gotta stop helping the credit trading monkeys so much.
Could have and should have been much worse. Still very tired, can't trade well when I am half asleep.
Horrible ratio and one massive hammer in RMBS, man can that thing be nasty.
Frustrating day, got nailed for a G early on but managed to fight back to +1100, then AVII beat my ass. Happy to finish with $643.
Last post for a few weeks as I am off to Australia. Make lost of dough while I'm away guys.
Actually, you're wrong about Swift. If you leave Swift with any losses they will simply deduct what you "owe" from your last pay cheque or will simply keep all of it. If that isn't sufficient they may come after you in court.
Which raises the interesting question of whether they would sue...