I have decided to put a significant amount of my money with AMP

balckagroop said:
Will update this thread if I have any problems with 'compliance' or anything else.
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Making this public, prior the results are known, is as good as working in the police and calling into ghetto project, and letting them to know that you will come after 3 hours, do search for drugs and illegal guns.

(this is just a random episode with police, since i mentioned it. Funny stuff tho)
 
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Nobert said:
Making this public, prior the results are known, is as good as working in the police and calling into ghetto project, and letting them to know that you will come after 3 hours, do search for drugs and illegal guns.
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TBH, I don't understand the analogy.

It's nobody's fault. It's the social media generation. You don't think I'd be all over instagram if I were a kid with that net liq? They don't know anything but flexing (no disrespect). I flex my account all the time and I am >50.
 
destriero said:
TBH, I don't understand the analogy.

It's nobody's fault. It's the social media generation. You don't think I'd be all over instagram if I were a kid with that net liq? They don't know anything but flexing (no disrespect). I flex my account all the time and I am >50.
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The purpose as OP wrote is to check for :
balckagroop said:
any problems with 'compliance' or anything else.
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Thus i wonder, why would anyone announce publicly about it, prior to doing that.
It should be done in ,,secret'' and if any problems shows up, only then pointing them out (?), thus they would have no chance to prepare for it and would be running business as usual.
(with all of the flaws - if there's any at all)

Or i simply got wrong the intentions of OP. For me it sounds like some sort of investigation, and usually those are done in silence.
 
No way. He passed compliance before wiring. C'mon.

What could they possibly see by watching the guy's trades? He's not going to trade his limit the first few days anyway as he's been put on notice. I am even less likely to put money with AMP. I think they're fine but too flighty. I've been doing this in some semi/professional capacity for 25 years. Credit risk precludes it, but I could wire 10 to them next week and they're going to limit me to 300?

Their model lives on thousands of 1-5 lot traders. Can't go bust. The problem is that balcka needs a bank-FCM but won't be satisfied with the haircut. He's got a lot of money but not enough to be interesting to a major clearer.
 
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destriero said:
No way. He passed compliance before wiring. C'mon.

What could they possibly see by watching the guy's trades? He's not going to trade his limit the first few days anyway as he's been put on notice. I am even less likely to put money with AMP. I think they're fine but too flighty. I've been doing this in some semi/professional capacity for 25 years. Credit risk precludes it, but I could wire 10 to them next week and they're going to limit me to 300?

Their model lives on thousands of 1-5 lot traders. Can't go bust. The problem is that balcka needs a bank-FCM but won't be satisfied with the haircut. He's got a lot of money but not enough to be interesting to a major clearer.
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I see. This is how i initially saw it :

#1. Last week same company had the most viewed tread.
(some took it as a negative thing for their rep)

#2. Week later a random user shows up (3 weeks old acc/unless thats an alt), and puts 7 figures right away into them
(given the low overall size of em ($4 - $5 M ?), how much he puts in, how fresh the OP is and it becoming most viewed tread again- that's bit weird)

#3. Can imagine the end of the story, ,,everything is fine with em'' = public rep restored​

Just the overall concept of the situation and the sequence of events looked weird.
Maybe just too paranoid or one movie too many.

Thanks for correcting Dest.

Good luck OP & good luck AMP.
 
I just read through this thread and the OP needs to learn a page from AMP as far as risk management. At a minimum he should be trading at three times the Exchange Minimums with that kind of capital to protect.
 
This guy @balckagroop, by his own admission, as of May 9, 2020 stated in another thread...

balckagroop said:
Time to move to a new broker. Do not get me wrong, I've made good money on this volatility, but I am an amateur in many ways and just getting started. I trade mostly index futures right now and my commission with TD/ToS is $2.25 all in per side ($4.5 round trip). I got their fees down to $1 but paying $2.25 per side all in when I trade thousands of lots every day is kind of annoying.

((Also, _please_ dont bother mentioning how much of a nub I am trading futures on ToS at this size. Yes, I know, I've been told, a hundred thousand times. And don't bother mentioning how I am a fraud. You can join my livestream I'll send link privately if requested, or dont bother commenting regardless. I was a passive investor and barely knew about futures and just happened to be with ToS when the market crashed. I am a quick learn and got a hold of it trading 1 lot in March, then 3 lots, 5, 10, 20 etc. Now I trade 200ish every few hours on average and pay like $2k per day in commission.))
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Meanwhile, @destriero is now a compliance officer, knowledgeable in all business aspects of a specific futures and fop only firm, in addition to being up to date with all front end and back end compliance policies and procedures in a relatively fresh heightened period of volatility. And we also have @balckagroop, who will be reporting back to us any "compliance, or anything else" workings he doesn't agree with. Im guessing here, but I think his findings may be curated through his belief that account size is all one needs to be considered for trade risk purposes. Yes he certainly has come a long way since May 9. Vast knowledge and first-hand experience be damned.

Me, I'm just a happy, proud, and many years profitable piker (less than 100k, by choice) AMP account holder.
 
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tiddlywinks said:
This guy @balckagroop, by his own admission, as of May 9, 2020 stated in another thread...



Meanwhile, @destriero is now a compliance officer, knowledgeable in all business aspects of a specific futures and fop only firm, in addition to being up to date with all front end and back end compliance policies and procedures in a relatively fresh heightened period of volatility. And we also have @balckagroop, who will be reporting back to us any "compliance, or anything else" workings he doesn't agree with. Im guessing here, but I think his findings may be curated through his belief that account size is all one needs to be considered for trade risk purposes. Yes he certainly has come a long way since May 9. Vast knowledge and first-hand experience be damned.

Me, I'm just a happy, proud, and many years profitable piker (less than 100k, by choice) AMP account holder.
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Yawn. All you can do is target a liquidation figure. WHAT COMPLIANCE? WTF is the compliance officer going to do when you're enforcing initial margins on outrights at what CME initial is on the SWITCH (intra/calendar trade)?

It's the Wild West. 2K per maintenance of 1K.

As stated previously; liquidation if account hits 200K net liq per $1MM (down 80%).
 
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