Nope... Uxxxx is a live account... and CL in interactive brokers is just the normal future... so...... why on earth he is looking at a CFD chart...
Maybe he can't afford a live feed and in stead is looking at delayed data in IB...
Shit gets weird
Took out a loan to transition to full-time trading. 24 years old.
- Thread starter wabu27
- Start date
Nope... Uxxxx is a live account... and CL in interactive brokers is just the normal future... so...... why on earth he is looking at a CFD chart...
Maybe he can't afford a live feed and in stead is looking at delayed data in IB...
Shit gets weird
He's probably not able to trade CL live on IB yet considering how high the margin requirement is for trading that instrument.
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Some commentary would be very useful on the videos. Watching it for an hour and a half was painful!
Yes this is me! Yess I should have at least 2 views now LOL.
I'm sorry but I must doubt you actually watched it for the whole duration as it is extremely boring.. you're right, starting tomorrow I'm going to add commentary and speak out my thought process.
@harami yes, i know it was terrible trading. I will improve!
@JackRab
@JSOP
I am trading live crude oil futures on IB. I didn't know IB provides real-time chart for a fee! I tried out IB's chart and noticed it was delayed, so didn't use it.
Could you guys inform me on what CFD chart is? I thought what i was looking at investing.com was the crude oil chart. It is not the actual movement of crude oil?
Sounds to me you are trading on delayed data at IB... you need to pay for a real time feed.
CFD is not the same but similar to a future...
I'm going back to my initial view of "you don't know what you're doing and therefore are going bust (again)"
CDF stands for Contract For Difference. You can read about them here: https://en.wikipedia.org/wiki/Contract_for_difference
The only problem with CFD is they are underwritten by the brokers that market them so they are not traded on central exchanges but over-the-counter so there is less transparency in terms of price discovery and fair dealing and are more prone to abuse. On the flip side, the advantage to trading them is that they are much cheaper to trade with higher leverage and lower margin requirement.
Wow this reminds me of several of my old
I have not followed the entire thread, I started where you borrowed from the Money Club at loan shark rates. Did you pay off that balance and how far ahead of the game are you? If your smashing it out of the park I totally get why your live-streaming it, your looking for some Hedge Fund or Crowd Fund investors wanting a piece of the action. Good Luck!
In 2015 Zero Hedge had a article about a kid who thought shorting a thin biotech was a great idea. His $30,000 account on his "Go Fund Me Page" showed a balance of -$130,000 along with nasty comments. He learned Margin does not have to cover your position even if your account goes negative by a quadruple, crazy stuff!
The guy behind the girls gone wild empire used credit cards to start his business. Of course, selling videos of nubile, inebriated college girls carries a lot less risk than trading.
I arrived to this party way too late, its fun reading though because there are many forums where the Traders are not as charitable as you experienced. Have you tried watching Timmy Syke's videos to evaluate his style of editing and entertaining his audience? You can ask us all "Are you not Entertained"? This OP has been fun, its probably a 1% chance of being real, right?
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