How to ramp up quickly? Trading 1000 lots with $100k margin

You still exploiting your broker's faulty margin system, abnormal? Pretty much everything you type, now that we know who you are, is BS. You win only by exploiting errors with your euro broker. I hope they catch you and toss you into prison.
 
pinetboltz said:
I'm sure most of us have seen the 'bulls and bears' documentary from a while back.

Have to say, am somewhat surprised to see a follow-up of sorts, in the form a 1 hour interview on Chat with Traders with one of the most memorable characters from 'bulls and bears' - ie. Rambo, John Moulton, the Chicago floor trader who moved to Australia & became a serious volume mover on the futures exchange there.

In this interview, he mainly talks about his general trading philosophy / approach to money, etc, but a few details stood out:

- He was in the hole right after starting in the 70s, but then was long 3 contracts of wheat in a limit-up market & fixed everything

- Was able to somehow work out a deal with brokerage firm, to trade 1000 lots on $100k margin (33:09 in the video)

- Now owns a 95 acre farm with hundreds of cattle, also has 7 children (58:48), so pretty successful by most counts

My question is -- how do you trade 1000 lots on $100k margin?? bc that would be real helpful in quickly ramping up size of the account, esp. as he hinted a few times during the interview, his brokerage firm was quite lenient in letting him rack up a "debit" on already razor thin margin rates. That would be a super combo that's quite an edge in its own way -- after all, isn't that how some guy in France supposedly made like $10 million in his personal account, by buying $6 billion notional worth of derivatives without having to post margin? https://www.reuters.com/article/us-...-a-6-6-billion-unauthorized-bet-idUSKBN1JJ0SW

From someone who truly deserves the sobriquet of "Rambo", he puts it this way:
"It's only risk...if the firm...is demanding margin money from you." (32:30)

Any ideas on how to get a setup that allows for trading of large size on thin margins, preferably where there's a lenient policy on posting margin?
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The error is on your question. Why do you want to ramp up quickly? Trading is a long game, a life game for some of us who are passionate about it. Those want to get rich quick usually end up get-broke quick. Also keep in mind that the brokerage can change margin rules whenever they want. And they will auto liquidate you. Just google it, you will find numerous cases. The brokerage wants to protect their business, not you, their client.
 
abnormal said:
[/ CITAZIONE]


you're too smart.
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And you're still a cheater who is going to get his/her comeuppance.

Don't bother looking up that word, your smartphone is too new to know what the word means.

Happy exploiting! When you find a true market out there whose margin system you cannot cheat, maybe we'll peel back an eyelid and take a look at it. Until then, bugger off, mate!
 
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