Quote from MoneyMatthew:
So you are getting 7 to 1. Well keep telling us how it goes at Lake Street.
You are going to get lit into for not doing any research and not even carring if you make money or not. Heck you did not even call them once on the phone before you opened an account?..wow... At least you are being honest about that.
If you dont care about the money then why not go to a place that can offer more leverage?
At least give yourself credit for playing the right game (which is trading stocks) instead of eminis and forex.
I didn't make any phone calls while researching. I on-line chat'd with my contact from Lake Street before I filled out the paperwork. I called this same guy before I wired the money.
Don't get me wrong, it's not that I dont care about the money, if I really felt I was just throwing it away than I clearly wouldn't have wired it. However, if something does happen then at least its just 5k. I'm not anticipating anything happening so its easy to say, if and when it does I'll be more like "holy shit! I just lost 5k"
There is a penalty for closing the account within the first 3 months. When 3 Months get closer, I may look into other options. I know so much more now than I did before I started this thread.