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Best broker for overnights
- Thread starter Madmoney
- Start date
How much overnight buying power do you need?Quote from Madmoney:
I want to be able to hold big overnight. I have fairly big cash to put up.
How much cash do you have to put up?
What are your typical factor exposures? Are you generally market and factor neutral (hedged long/short, etc.), or are you fully exposed for the full overnight BP?
Quote from Kevin Schmit:
How much overnight buying power do you need?
How much cash do you have to put up?
What are your typical factor exposures? Are you generally market and factor neutral (hedged long/short, etc.), or are you fully exposed for the full overnight BP?
It is not a certain amount I need. The more I get the more I will make in the long run.
I have at least 100k to put up. I know firms used to offer 50 to 1 and 100 to 1 and all kinds of stuff. I dont think that will work cuz I will be scared of a firm that would give out that much. I would be worried about them blowing up from other traders.
I am sure the firm will feel I am exposed although the stocks will not be very expensive most of the time. To me it is not dangerous at all.
Also I want the firm to be very legit. I dont want to be with ma and pas trading shop.
We slow traders down around 20 or 30 to one with less than $100K in account. Over $100K, might be a little less.
FWIW,
Don
FWIW,
Don
Quote from Madmoney:
Hello all.
I want to be able to hold big overnight. I have fairly big cash to put up. I have a system that makes big money on a long term basis but I need big overnights.
Can anyone tell me where I can get really good overnights?
Thanks.
bright and echo.
call both to get to all info on hair cut/rates etc