Favorite Futures: Crude CL, Gold GC, E-Mini S&P ES, EURo 6E, emini dow YM
Posts: 1 since Nov 2015
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Ninja Trader Brokerage Reapplying problem
So I have a weird problem that I might want to pursue, I applied with phillip capital and dorman trading through ninja trader brokerage and was denied. The reason I was denied was due to my financials.25,000 NET worth then 15,000 liquid net worth. In my bank statement i sent it showed a 3500 ending balance but to suffice for the extra 11500 i have a managed forex account that I sent a snap shot of and sent to them it have about 20,000 in it. I'm 20 don't have very many assets and net worth but that didnt surprise me. What surprised me was that after phillip capital and dorman trading denied me Ninja trader brokerage compliance department will not let me reapply FOREVER. I even asked them twice via email if I could reapply in 3-6 months the second response wasn't as nice as the first but same message was received. I thought you could reapply after 3-6 months but they have denied me from ever reapplying. So I need help is this legal? I really wanted to use Ninjatrader brokerage? I asked if I could edit my application but they said nope because I had already edited once. If anyone could help me out maybe this has happened to you before. Theres more brokers out there but their commissions and platforms just dont work for me.
This post has been selected as an answer to the original posters question
They probably did you a favor, you really need more money to even consider trading futures.
Take $10k and go open an account with Interactive Brokers, and swing trade (not day trade) some equity ETF's like SPY and etc. Do it for a while until your consistently profitable before you even consider futures.
Leverage is the ENEMY of rookies, not their friend.
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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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