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

From my experience... the best thing to do is to liquidate your position to meet your margin call. Sending in money to keep a losing position would typically cost you to lose even more.

And wiring funds, though probably the quickest unless you can take your briefcase of cash to your broker's office... is very unlikely the same day. Wire fund so you can keep on trading this afternoon? You must be kidding.

This is sounding like a gambler borrowing money to go to the casino. Why do you have a margin call? It's better to analyze how you get to that situation and trade right instead of rushing in just to bet again.

 

Best television show ever. Bar none. David Simon is a genius. HBO show.

 

In the 90's I'd hold off the credit dept until the client sent in funds - by mail! or brought a check in - someday! LOL


I used to pride myself on holding off credit for weeks. What a different world that was.

 

I am asking the world if you wired in without having a margin call mainly

 

I have wired in because I WANTED more cash to enter new positions, but never been against the wall so bad that I needed to spend milk money.

 

basically, it usually means that you have poor money management issues, poor utilization of stops, or got screwed with some crazy flash crash slippage.

All traders have to learn this through experience, to evolve as a trader.

Mostly overnight, then wire for am trading, the closest I can come is maybe trade the open at 8:30 - 9:30 cst, and then wire into account for access 3 hours later. (give or take)

Chase I think has an either 11:30 EST maybe 10:30 wire that goes out each day, so you have to get the wire request processed before then for same day access to funds.


Chase is a big bank on of the best for wires in my opinion, but you pay for speed.

I would like to think that eventually money in the future could be wired 24, 7 as I have many occasions poker, brokerages, account transfers where this ability to do things on your own time schedule makes life more efficient, and the technology infrastructure is already in place, it is rediculous that banks need human interaction, and there are limits on cash withdrawals from atm`s on weekends or after hours when banks are closed.