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Lucky So Far...
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Lucky So Far...

  #11 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
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LuckyTrader View Post
I don't understand. Beyond losing the initial investment and then paying commissions on top of that... Can you point me to the place to find the answer to this or give me a hint? Thank you!

If you short the stock, your loss can be unlimited (until the broker liquidates your position).

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #12 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
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LuckyTrader View Post
I don't understand. Beyond losing the initial investment and then paying commissions on top of that... Can you point me to the place to find the answer to this or give me a hint? Thank you!

Also if you buy stocks or futures with margin you can lose far greater then your account as well. 1 ES contract is aprrox $84,000. If you purchase it on a $3,000 margin and the market crashes to 0. You will owe $81,000. Odds are slim that will happen. But you could have a flash crash that causes you to owe because your position was liquidated at beyond what was available in your account.

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  #13 (permalink)
Trading Apprentice
Santa Clara, CA
 
Futures Experience: Beginner
Platform: TD Ameritrade
Favorite Futures: Stocks!
 
Posts: 7 since Jul 2014
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Yeah, I'm pretty much buying and selling plain ol' vanilla stocks. I don't know what shorting is, ditto for margins and options and futures. Think of the most basic kind of trading and that is what I do. This is why I was thinking a formal education is what is next on my horizon. But I think I'll start with books and webinars like you guys are suggesting. It just feels like each webinar I encounter is about charting and my eyes just glaze over.

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  #14 (permalink)
Trading for Profit
Birmingham UK
 
Futures Experience: Intermediate
Platform: Meta + TradeInterceptor + FXCM
Favorite Futures: DAX ( GBPAUD if moving )
 
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kevinkdog View Post
If you short the stock, your loss can be unlimited (until the broker liquidates your position).

You can't short anything below $5 and many aren't allowed until $10 area, unlikely to get that kinda loss on any normal stock if shorting.

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  #15 (permalink)
Trading for Profit
Birmingham UK
 
Futures Experience: Intermediate
Platform: Meta + TradeInterceptor + FXCM
Favorite Futures: DAX ( GBPAUD if moving )
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received


LuckyTrader View Post
Yeah, I'm pretty much buying and selling plain ol' vanilla stocks. I don't know what shorting is, ditto for margins and options and futures. Think of the most basic kind of trading and that is what I do. This is why I was thinking a formal education is what is next on my horizon. But I think I'll start with books and webinars like you guys are suggesting. It just feels like each webinar I encounter is about charting and my eyes just glaze over.

My advice is just stay away from all of the above, it'll fill your head with such nonesense it'll ruin your trading for ever, they teach you how not to trade for a reason, ie take your money.

Keep it simple, if your method regardless of how lacking you think it is, is working in demo, try it with a small live $ account, nothing you can't afford to lose ofcourse.

Stay away from Shorting and Margin accounts, that way not got to worry about Pattern Day trading SEC rules.

I see Dow is in a bull market currently, so any long will pretty much make a profit, sadly when the market turns all your trades will fail, how long will the bull market continue ?? don't try to guess it, keep playing it until it's over!

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  #16 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
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Favorite Futures: stocks, options, futures, VIX
 
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Pain is a great teacher.

Go live now, and start super small. Start noticing the difference between paper and live trading. Then, re-assess after a while if the way you are trading is still the way you want to keep trading. If so, maybe there are some tweaks you need to make that you will discover. Or maybe you still do well but not as well for some reason(s). Or, if you lose when on paper you would have normally won then maybe you need a whole new approach.

The point is you won't know which direction to go next until you first start trading live money. You can get all of the education and advice that you want but experience is the best teacher.


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  #17 (permalink)
Market Wizard
Kyoto, Japan
 
Futures Experience: Intermediate
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Journal here on futures.io (formerly BMT) is best learning experience. Get Elite membership.

If you are playing in Pennyland, read Michael Goode.

Tastytrade's WDIS series, where father teaches daughter about the markets from zero.

Ron Booker has FOREX courses that only cost $27.
Trifecta.

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