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traderich

Registered: Jan 2005
Posts: 373

01-14-07 01:11 AM

I am currently using Scottrade. They allow 4 to 1 margin with min. 25k cash. I have heard of some guys on here saying they were getting 10 to 1 margin.

I hope the firms are reputable though. I guess that is my only concern with using a no-name company to trade and be worried they could close up shop and I lose my money in the account.

Anyone have any experiences about this?

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Tums

Registered: May 2006
Posts: 4063

01-14-07 01:36 AM

margin is never an issue, your W/L ratio and max DD is the key to fast money.

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stock_trad3r

Registered: Jun 2006
Posts: 9988

01-14-07 01:46 AM

10-1 margin...you have to be on crack to do that

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traderich

Registered: Jan 2005
Posts: 373

01-14-07 02:02 AM

why? Don't got 4, Don't got 10! what's the difference?

If you go broke....lol..

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MrPaul

Registered: May 2006
Posts: 43

01-14-07 03:06 AM

Quote from traderich:

I am currently using Scottrade. They allow 4 to 1 margin with min. 25k cash. I have heard of some guys on here saying they were getting 10 to 1 margin.

I hope the firms are reputable though. I guess that is my only concern with using a no-name company to trade and be worried they could close up shop and I lose my money in the account.

Anyone have any experiences about this?

Perhaps they were referring to futures margin.

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NanoTick

Registered: Dec 2005
Posts: 182

01-14-07 03:39 AM

Quote from traderich:

I am currently using Scottrade. They allow 4 to 1 margin with min. 25k cash. I have heard of some guys on here saying they were getting 10 to 1 margin.

I hope the firms are reputable though. I guess that is my only concern with using a no-name company to trade and be worried they could close up shop and I lose my money in the account.

Anyone have any experiences about this?

All patern day traders get 4:1, but I have never gone over 3:1 . I know with 10:1 I could easily lose all my money in a single day.

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