Where do Intra-day Traders keep their money?
- Thread starter Zr1Trader
- Start date
Quote from Zr1Trader:
Lets say you keep a minimal amount to cover intraday margins in your brokerage account(s).
Where do you put the rest?
Money Market, bank accounts, long term stocks/funds, gold/silver. other business vnetures, real estate, land, cash, guns, ammo, whiskey , wine
Interested in what others do?
At the grocery store till. The vast majority make less than someone flipping burgers
I constantly swap from brokers and bank accounts.
When things are going well, I transfer back to banks.
When things are not doing well, I fund from the banks.
Trade options using good leverage so works for me and at the same time I minimize the risk of having my capital in non FDIC insured institutions like brokers.
When the dow is quite below the 200 daily MA, I like to swap a bit from the banks into long term DIA.
When things are going well, I transfer back to banks.
When things are not doing well, I fund from the banks.
Trade options using good leverage so works for me and at the same time I minimize the risk of having my capital in non FDIC insured institutions like brokers.
When the dow is quite below the 200 daily MA, I like to swap a bit from the banks into long term DIA.
Anyone here use treasuries as deposits and get credit for 90% of face value? Then if broker goes belly up at least you have still have treasuries? I read somewhere you can do that , could someone elaborate? Important to have your name on the treasuries instead of "street name" ?
I really don't know that much about treasuries , bonds, or the like. So looking for someone more familiar to chime in.
I really don't know that much about treasuries , bonds, or the like. So looking for someone more familiar to chime in.