What would you do if you have restrictions ... ?

Discussion in 'Trading' started by andrey_tech, Jul 11, 2005.

  1. Audrey,

    Here what I want you to do. Go to your IB account management menu and sign up for Canadian data. Run you system for a month on Canadian stocks and then post your monthly account statement for all to see. If it is good you can rub everybody's nose in it, if it is not good then.......
     
    #31     Jul 12, 2005
  2. Are Canadian stocks free of daytrading rules ? And how about short selling restrictions ?

     
    #32     Jul 12, 2005
  3. traderob

    traderob

    In 6 months your system hasn't had one failure despite making 250 trades a day.

    When you are trying to suck money out of people better to make it somewhat realistic. Have a look at some trading scam sites, they'll give you a good idea of how to best succeed in your profession.

    Ps. Andrey, are you skalpz?
     
    #33     Jul 12, 2005
  4. In Canada we are free of daytrading rules. We also have universal health care and very little poverty. We can also proudly display our flag where ever we go in the world.

    More seriously with IB (SEC) daytrading rules apply only to US Stocks and US stock options. That means you can use your system on Canadian stocks, European Stocks (not British stocks unless you like paying stamp taxes) US futures, European futures and foreign exchange. You can even trade futures on the Australian stock index almost 24 hour a day with no restrictions!

    Here is a tip. You are getting some rude replies because you post reveals that you have done very little research. I would imagine that if you had done 10% more research then you would have gotten 500% better replies.
     
    #34     Jul 12, 2005
  5. Thanks for your vital help.


     
    #35     Jul 12, 2005
  6. Remiraz

    Remiraz

    10% returns daily huh. 10% daily drawdown risk? 1:1 risk:reward ratio.

    $25,000 after 20 days (1 month) of trading = $168,000
    $25,000 after 30 days (2 months) of trading = $1,131,481

    $1,000,000 after 90 days (3 months of trading) = $304 mil.

    So every 2-3 months you're pumping out millions. In one year you'll hit the billionaire list.

    Very funny.
     
    #36     Jul 20, 2005