I usually catch up on ET once a week, sometimes bi-weekly, this is very good IMHO minus all the BS fluff and stuff. Good job to MarketMav and SurferRick
It appears to be an excellent opportunity for ANYBODY with skills to enhance their career in trading. Damn few intraday futures traders use or even actually keep more than $150,000 in an account. Many who once did at MFG and PFG now wished to hell they didn't. Also, over time if one profits enough to kick in the 80% payout that's $120,000 working capital credit out of $150,000 margin. No need for your own account balance at all, frees up that personal money for other use if desired. Or add it to your own as free leverage. Just so this program doesn't sound dismissive as only suitable for the broke and desperate. It's a good deal for those who can actually, seriously trade futures markets.
Exactly, it's always better and smarter to trade OPM. Sorry to hear about today. The combine has a sim mode that you can learn the platform with so you don't waste an actual combine day learning. Nodoji wants 50k to cover her opportunity costs to participate in the 10 day combine. Clearly, we are talking about a whale here OR someone who can only trade in chat rooms. Since she won't participate I can only believe the later. surf
Trading the highest account can be done with 6000-7500 margin, why do you think they make you go flat before globex closes. Why do you want to make only make 60% - 80% and pay $5 rt when you can make 100% and pay sub 4.30 rt on your own by ponying up 6000-7500 more margin in your current count with the freedom to trade under your own guidelines After all that is what trading is all about Making money and having freedom and not having to answer to anyone but the person in the mirror
No, it can't. Crude has 1500 intra-day margins. That's 22k for 15 cars on crude. BTW, on 15 cars today, crude dropped 60k dollars. Yes, 60k dollars. You really going to fund a 22k account and trade 15 crude? How about 15 Gold? That can move 100k in a single session. How much are you going to fund your account to trade 15 Gold? How about 15 Nat Gas? How about 15 Copper?
I'm sorry. My bad, crude has 2500 intra-day margins. http://www.tradewithvelocity.com/commissions/new-york-mercantile-exchange.aspx So that's 37,500 minimum to fund the account. Of course one tick against you will create a margin call so I assume you would fund at least 75k just to be on the safe side.
emini's Who the hell said anything about overleveraged trading full contracts I don't trade crude but what's the fungibility between cl and qm ?