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Sure does: it is a security position, hence it's not commingled with other clients holdings and it's protected by SIPC. Any security is, even a junk bond

Interactive Brokers got hit in the Oil futures debacle for $88Mn. No big deal -they have close to $8Bn equity- but it shows the potential risk for clients to run a large cash position with a broker should things get really bad for the broker: SIPC doesn't cover cash. As I'm sure y'all...

Subscribe to the market data. It will do away with that message and ,lo and behold, you'll be trading on the current prices, not the ones from 10 or 15 minutes ago.

Upping the ante

Getting back to the original issue, best way to make a small fortune in the stock market is to start with a big one.

Back in the money bro, back in the dough lol

Points taken. If we look at 2008, market fell out of bed Sep. 15th, dragged gold down along for a full 2 months: Nov 15 is the time gold started taking off. This is 2020 though, not 2008, so who knows how this pans out? I'm reasonably prepared. Or so I think lol

Can happen to anybody. I size up my positions to avoid this.

I see. I'm a bit different as I am never ever 100% sure of anything market-wise. That's the thing that kept me alive and trading: remain humble. So I'm always eager to listen to contrary opinions. Hence my post.

So here’s the thing: sometime in early 2020, I figured that the low level of interest rates and the extended growth period that we had experienced meant that the Fed would have to resort to extraordinary means to fight any kind of slowdown. Basically that the Fed would have to replay the 2008...

YTD Gold is -0.88%, S&P is -26.1%. Not exactly a safe haven, but not a worthless rock either.

Well, market's down 25% YTD, so minus 12.1% ain't that bad.

Maybe his prime broker is about done dumping his long gold position to pay for margin calls elsewhere, so gold can finally get it up lol. Ever since gold spiked a tad above the 17 handle, it's been in a darn if you do darn if you don't situation: When equities crash, gold gets sold for margin...

There's zero profit. Profit is when you unwind your trade at a gain. Trade is not unwound so that money is still in the market. That number is meaningless: it just reflects the trade's value at Friday's close, which is past already. That value will change every second the market is open. Which...

After fees I meant, was responding to Overnight.

after. But what's the point dissecting a one day outcome? That's not even noise lol, that'd be some sort of static

Er, wrong... 1) Re-scaled the position on CRC (cut it in half) and 2) got in SIG and MDCO for 100 and 200 shares respectively early today, not last night. So entry points are as follows: CRM $153.45 100 shares yesterday CRC $40.145 200 shares yesterday with 100 sold today MDCO $40.175 200...

Swing trading portfolio opened today: 100 CRM @ 152.14 400 CRC @ 40.32 400 MDCO @ 40.26 200 SIG @ 67.68 All long positions. 6 to 8 weeks time horizon. Let's rock and roll!

Stick to CRM. Great trade.

Who's broke? U talking to yourself obviously. Im doing just fine. Short copper, long indexed funds with the proper AA, life's good.