during the day "Run to the bank to wire funds into your account" you ever do?

Discussion in 'Professional Trading' started by increasenow, Jun 7, 2010.

  1. during the day "Run to the bank to wire funds into your account" you ever do?...has anyone ever done this?...meaning, your account takes a hit $$ and you need to get some fresh funds in...for either a margin call or so you can trade tomorrow morning...or even later that afternoon?...anyone ever do this? I have done it to wire fresh funds in during the day but I never yet had a margin call...thankfully...
  2. TheMan


    another classic thread

    i am glad you started this one, honestly.

    being dead serious
  3. thanks...very interested to see...have you done this?
  4. i usually send funds by wire because the broker credits my account immediately. ACH transfers require 3-4 days; there's an opportunity cost to tying up that money for nearly a week.

    the only time i do ACH transfers is when i deposit less than $25k. the wire fee is not worth it in that case.

    you could also send a cashier's check by fedex same-day, but it will cost way more than a wire. so wires are the best option for immediate deposit.
  5. I am seriously serious about the seriousness of this thread.


  6. yes, wires are best!
  7. You mean 'The Wire'...what a great show that was!

  8. huh?
  9. You cannot be serious??


  10. been there, done that....not in about 5 years, tho.
    #10     Jun 7, 2010