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The ugly truth about leverage, margin and our markets
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The ugly truth about leverage, margin and our markets

  #11 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
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Lornz's Avatar
 
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DarkPool View Post
(with all due respect)Fuck you. You might be, but I am not. I am a businessman looking to grow my business and work with people that want me to be successful and vice versa.

I'm (usually) a compassionate guy, and I feel sorry for your loss. However, you would be wise to rethink your strategy before this gets out of hand.

You come on here bitching and speaking in absolutes about things which you clearly don't know much about. You've set your "Trading Experience" to "Master", but yet you're trading micro lots?

Yeah, you're a real businessman indeed!

 
  #12 (permalink)
Elite Member
Battle Ground, WA
 
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kbit View Post
You may wish to alter some of the language in this post, It's not proper to insult other members here.....Mike will admonish you if you don't, just letting you know.

You may wish to alter the thought of your post. You should have admonished Fat Tails for calling me a thief, not me responding to it.

 
  #13 (permalink)
Elite Member
Aurora, Il USA
 
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DarkPool View Post
You may wish to alter the thought of your post. You should have admonished Fat Tails for calling me a thief, not me responding to it.

I think he was just joking around (sarcastic emoticon), not looking to stick my nose in here really, I know it's easy to misread intent on posts sometimes....I suspect if you look back you'll may intrerpret it differently

 
  #14 (permalink)
Membership Revoked
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DarkPool View Post
This statement is ignorant of the realities of the market. There is no hard stop in any market. Price can go wherever it wants as fast or slow as it wants. If you don't understand that, you have bigger problems than me...

Now I'm convinced that you are a troll. Please look up the definition of hard stop before making any further comments. I'd be offended by your attack if you weren't making such a fool out of yourself.



Quoting 
Sounds like exactly what I am looking for. Would you mind mentioning the name of a "reputable, reasonably priced" futures broker that offers this?

I suppose I don't have enough capital, yet, to have an account with one of those brokers, because none of the 4-5 futures brokers that I have talked to recently(that were supposed to be reputable) do that.

The problem is that for each of the brokers I spoke to, 100% margin use(MB Trading lets it go to 120%) was the only point that they would have any interaction with my account. When it is in deep drawdown and the market has a larger percentage of my money than I would like it to have. None of them were willing to change this policy. These are "major name" futures brokers. Deep Discount Trading was the only one that will take you out when equity reaches $1000, but if it was $10K that's no favor to me...

Thanks for the info.

Well, it can be done. I'd prefer not to share my brokerage with you, so I guess you'll have to do further research on your own. A simple stop will remedy most of your worries, so it doesn't really matter anyway.

 
  #15 (permalink)
Elite Member
Battle Ground, WA
 
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Lornz View Post
I'm (usually) a compassionate guy, and I feel sorry for your loss. However, you would be wise to rethink your strategy before this gets out of hand.

You come on here bitching and speaking in absolutes about things which you clearly don't know much about. You've set your "Trading Experience" to "Master", but yet you're trading micro lots?

Yeah, you're a real businessman indeed!

There is no loss Lornz, don't feel sorry for me. I protect myself. The lot size I am trading (and capital I have available for this) while I am testing out brokers and has nothing to with capital I have available or my trading experience *in the market that I normally trade*

What exactly is my strategy, Lornz? Every single statement I made is 100% true. Please prove otherwise with fact or apologize for your ignorance and assault Lornz.

You may fancy yourself compassionate, but you present as arrogant and condescending. You initiated your correspondence with me with an assault on my character. How is your strategy? Guess how much weight I give your response...
I'm not the one that initiated attack on another unprovoked.

Now I understand why no "real" traders come to these boards. And if you lot are "real" traders, I'll see ya on the flip side.

 
  #16 (permalink)
Elite Member
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Lornz View Post
Now I'm convinced that you are a troll. Please look up the definition of hard stop before making any further comments. I'd be offended by your attack if you weren't making such a fool out of yourself.




Well, it can be done. I'd prefer not to share my brokerage with you, so I guess you'll have to do further research on your own. A simple stop will remedy most of your worries, so it doesn't really matter anyway.

Unbelieveable

 
  #17 (permalink)
Elite Member
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kbit View Post
I think he was just joking around (sarcastic emoticon), not looking to stick my nose in here really, I know it's easy to misread intent on posts sometimes....I suspect if you look back you'll may intrerpret it differently

I have the cognitive power to tell that he was not really calling me a thief. Suggesting I have the mind/operations of a thief in a public forum whether with a smiley face or not is still libelous and way of topic when I am sincerely trying to get to the bottom of something that I feel needs to be talked about.

I have been honestly, sincerely, REALLY looking for a broker that will help me limit my absolute downside risk (when I cannot) and I have not found much there. I suppose the frustration is apparent in my words, but if people see it as bitching and whining, then they need to hit the next button, or leave a constructive, reasonable comment, not a thinly veiled attack that is supposed to make them sound/feel superior.

 
  #18 (permalink)
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Aurora, Il USA
 
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In an effort to get this back on topic , you could see if Tradestation might suit your needs.

 
  #19 (permalink)
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cw30000 View Post
If you have a full services broker and give him/her instruction, and he failed to follow instruction, then yes, it is their fault.

But if you are using discount broker, then you are on your own.

Btw, first rule of trading is taking responsibility. Don't blame other for your misfortune.

Thank you cw300000,

I don't blame anyone for anything, I do take responsibility. That is precisely what I am doing. I am trying to assure that I will receive the least amount of drawdown in adverse conditions or times when I cannot manage the trade. Why is everybody reading my comments like some whining baby?

I just want the ability to pay a broker to cover my back at whatever point I want and in my research of the past few days, they are not crawling out of the woodwork...

 
  #20 (permalink)
Membership Revoked
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DarkPool View Post
There is no loss Lornz, don't feel sorry for me. I protect myself. The lot size I am trading (and capital I have available for this) while I am testing out brokers and has nothing to with capital I have available or my trading experience *in the market that I normally trade*

What exactly is my strategy, Lornz? Every single statement I made is 100% true. Please prove otherwise with fact or apologize for your ignorance and assault Lornz.

You may fancy yourself compassionate, but you present as arrogant and condescending. You initiated your correspondence with me with an assault on my character. How is your strategy? Guess how much weight I give your response...
I'm not the one that initiated attack on another unprovoked.

Now I understand why no "real" traders come to these boards. And if you lot are "real" traders, I'll see ya on the flip side.

You might want to take a look in the mirror, partner. Posters on this board usually have a friendly tone, but every once in a while we get guys like you. Maybe if you would refrain from attacking esteemed posters using vulgar language, I would be more inclined to treat you with respect.

A simple stop will solve your problems. You're creating problems that don't exist.

If you have your broker set your max loss to 60% of your account, there still has to be a market there. The broker will just initiate a market order when that amount is reached...

Alas, I'm just a pathetic poseur... Hopefully I'll become a "real" trader like you someday!


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