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Refco/PMB
- Thread starter trader777
- Start date
Brokers like realtrader are why I am glad to be an IB customer . NO broker support is better than what I see shown in these posts.By the way genius i started with a 1 contract rookie account and now trade intraday with 5 contracts so go chaser after those BIG ACCOUNTS whereever you think they are!!!
Real Trader
Guest
Oh boy, I created a monster, I would like to go tit for tat on this but really dont want to, congrats on the bump to 5 contracts you are a rare breed,keep up the good work!
Best,
Real Trader
Best,
Real Trader
Real Trader
forget tit fot tat
you need some more input to get your logic right
its the balance of skill of trader, leverage and account size which is going to protect you from an adverse move taking the trader out and possibly causing a non recoverable debit for you
you have also got to factor in the competitive siuation that you are up against in obtaining accounts - and factor all this into your risk reward for running the business
a crap trader on 15K is more dangerous than a great trader on 5K
and to protect yourself - you need to charge a high intraday margin - not have a high account size
and to get business as a service company - you may want to consider that old concept of - the customer is always right - or at least the customer will give you all his bank account if you make him feel he is right
personally - i would rather deal with a broker who says what he thinks - and does not kiss arse to get the account - and then screw the trader
but you have to play the game a little!
a $5,000 account is 2 contracts - and a lot of traders and their brokers are going to get rich from that humble start!
forget tit fot tat
you need some more input to get your logic right
its the balance of skill of trader, leverage and account size which is going to protect you from an adverse move taking the trader out and possibly causing a non recoverable debit for you
you have also got to factor in the competitive siuation that you are up against in obtaining accounts - and factor all this into your risk reward for running the business
a crap trader on 15K is more dangerous than a great trader on 5K
and to protect yourself - you need to charge a high intraday margin - not have a high account size
and to get business as a service company - you may want to consider that old concept of - the customer is always right - or at least the customer will give you all his bank account if you make him feel he is right
personally - i would rather deal with a broker who says what he thinks - and does not kiss arse to get the account - and then screw the trader
but you have to play the game a little!
a $5,000 account is 2 contracts - and a lot of traders and their brokers are going to get rich from that humble start!
Real Trader
Guest
I agree and thanks for the feed back, it is just a rare mix to find a good trader opening a 5k account, I have seen it once or twice but from experience the odds are not in thier favor. As for the competition, I can blow them away if the right person is asking. I do respect what you are saying, it works in theory but just doesnt happen enough for me to change my rule.
Best,
RT
Best,
RT
Real Trader
Guest
I agree, most of the time I have found that 15k is a great way to start up a test account just to check our services and once they are noticed more funds tend to get added into the account. I am deffinatly not a trader. Allthough I did make a couple of bucks durring the "good ol days" I knew it was out of my legue when things came to a halt.
Cheers,
RT
Cheers,
RT