Hey Surf, where ya been?
Has Day Trading Changed?
- Thread starter HeSaidSheSaid
- Start date
Can someone explain what exactly is wrong with $500 intraday margins for the eminis? None of the arguments against it make sense. Heck, $500 is 100 points per contract in the YM. If you cant get it right with 100 points of error, u should not be trading.
Apparently its the "under capitalized" brokers and their shills who support big margin levels for intraday.
Any arguments?
Overleverage always kills accounts. No matter how amazing of a trader you think you are, there will be a series of trades you get wrong and those will wipe your account.
I do with leverage was specific to each trader though as the one-size-fits-all approach can't be the smartest.
LOL, I have developed two methods that are automated, and were developed eventually but discovered by error, if I didn't know how to read volumes on the DOME, I would have never noticed them. And no, I am not selling them or teaching anyone, they will die with my family. But HFT does show it's hand sometimes before they make their moves little bit, but they do it in nano seconds, and often times faster than eye can see on the Dome. So you either learn study deeper into price and charting or keep believing in your ways now.
OH, It didn't take long for forex dealers I use to figure out not to take other side of my trades. I remember the earlier times of Forex, have buddies who started them made millions on retail, stupid public thinking no commissions meant free, but back then 3 pip spreads was much more than currency futures. But I prefer trading currency futures.
When you are greedy, people become dumber. This is best country in world for foreigners to go to cause of all the money Americans willing to throw away. All the druggies spending billions each week. Just a matter of time every state in Union be allowing Marijuana and states reaps huge tax money, it be like lottery tickets.
This makes sense. Thanks for the insight.
The problem is because HFTs exist, the spreads on things are terrible even on supposedly high volume stocks. So you'll be losing a huge spread plus that one cent if you are submitting market orders. Didn't used to be this way before HFTs came around. But HFT proponents love to talk about how much liquidity there is but it is complete bullsh*t.
marketsurfer,
Please read carefully. I did give the source of my stats in comparison to my own stats...Nanax and Stocks & Commodities. Also, there are several research articles too but I always consider them to be a little bias depending upon how the research was done.
Simply, you can contact Nanax or purchase the all the historical SC magazines since its birth and compare their liquidity data. The data is accurate.
In other words, the stats show reasons why day trading has become tougher in comparison to when day trader was popularized in the 1990s.
Yeah, FX markets is growing...stats on that too and easily info on Google about that fact too. The only arguable fact is the reason...some say its HFT. I say it really doesn't matter.
Lastly, only marketsurfer reading skills are intentionally poor that allows us to easily identify you. Enjoy your brief stay at the forum and hopefully you'll soon get psychological help. Not an attack but you really do need some sort of intervention.
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Brokers are at total risk if you go belly up on some trade and don't have the funds to wire it in.