Other People's Money -> Leverage -> Derivatives Not sure .... http://financial-dictionary.thefreedictionary.com/OPM
Jimminy crickets. "Other people's money?" Have we all gone crazy? This part of mine in this thread is going beyond stupid, based on what people are asking me. Why do I need to borrow other people's money to trade one single futures contract? Well, shit... Did anyone borrow anyone else's money to trade 15 contracts? What the heck is the point of the question? It is totally irrelevant to any and every thing here, man. What does "OPM" have to do with anything?!? Handle123 stated he lost $75K in a 15-contract position in ZS. volente_00 then questions why I need OPM on one contract? What is going on in this thread? WTF, I am lost. So I should use my own money to take a giant position in ZS, but use "OPM" to trade 1 contract in something smaller, like CL or MGC or NQ? What are you saying here guys?
Tst = OPM You are the one saying you can't trade for them because they don't allow overnights ? You are the one stating just 1 contract ? Even if they did allow overnight you are forced to start with small size regardless of what combine you pass, so back to my question, why trade opm for only a 1 lot ?
So you held a $4,500 losing position overnight on a single trade comprising 15 contracts? What was the size of your account in those days, and what were the overnight margins (ballpark) on front month soybean futures at that time? How many houses did you have to put up for collateral for your bailout loans because of that particular trade? To the best of your recollection, of course.