Max Account Size that May Be Doubled Consistently in a Year

Max Account Size that May Be Doubled Consistently in a Year

  • 10K

    Votes: 5 8.2%
  • 25K

    Votes: 9 14.8%
  • 100K

    Votes: 8 13.1%
  • 250K

    Votes: 7 11.5%
  • 1M

    Votes: 12 19.7%
  • 10M

    Votes: 20 32.8%

  • Total voters
    61
Quote from dipper17:

Your clearing firm would not allow you to run it below zero in all but the more rare cases. Those cases would be in the extrodinary event cases.

There is no need to keep saying or implying that you make a fortune. Its ET its assumed everyone makes a fortune trading however and where ever they say.

Being a mm in a futures pit is a lot about relationships with floor brokers and all about order flow. It has almost nothing in common with being a retail trader, which I believe was the implication of the original poster.

Their negative accounts are usually closed out and losses deducted from a segregated account that has the performance bond in a safe yielding T-note. I know a few traders down here who withdraw every week and go negative on the next Monday just make it up (or try to) by the end of the week. If it is prolonged, they'll take it from the performance bond account. Some that clear through RCG and Alaron generally are allowed to do this, as long as they've been on the floor for awhile.
 
Back
Top