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Search: Posts Made By: spoolmak

Forum: Traders Hideout

June 21st, 2018, 01:04 PM

Replies: 55

Reliable broker for a rookie

Views: 8,852

Posted By spoolmak

I really don't use any particular signals as...

I really don't use any particular signals as selling options is really very different from day trading. This is where Mark's guidance comes in, as he'll be looking at daily technical indicators to...

Forum: Traders Hideout

June 21st, 2018, 12:06 PM

Replies: 55

Reliable broker for a rookie

Views: 8,852

Posted By spoolmak

Calming, I think it all depends on how you're...

Calming, I think it all depends on how you're trading. If I was day trading, and wanting to do it on my own, it would be more expensive, yes. However, I might still want the professional guidance,...

Forum: Traders Hideout

June 21st, 2018, 02:56 AM

Replies: 55

Reliable broker for a rookie

Views: 8,852

Posted By spoolmak

I pay $22 per round trip, but that can be for 1...

I pay $22 per round trip, but that can be for 1 contract or 10 contracts I believe. With selling options, it's more of a sell and hold strategy as somewhere between 80 and 85% of all options expire...

Forum: Traders Hideout

June 20th, 2018, 03:09 AM

Replies: 55

Reliable broker for a rookie

Views: 8,852

Posted By spoolmak

My Recommendation: Cannon Trading

Hi Calming. I've been selling options on crude oil now for 6 months. I'm still a rookie really, but am up about $11K on account deposits of about $25K, so I guess you could say my ROI is about 45%...

Forum: Commodities

December 24th, 2017, 04:48 AM

Replies: 9

Looking for a Canadian broker to assist with selling options on commodity futures

Views: 1,740

Posted By spoolmak

Hi. I've heard some quite negative things about...

Hi. I've heard some quite negative things about IB, so have been reluctant to look at them as a broker. I've been able to get in touch with Cannon Trading, and it looks like I'm going to be able to...

Forum: Traders Hideout

December 22nd, 2017, 12:59 AM

Replies: 6

will futures ever discontinue?

Views: 2,872

Posted By spoolmak

I agree. Futures contracts are actually a price...

I agree. Futures contracts are actually a price discovery mechanism, and their fundamental use is for hedging by product producers (farmers growing grains for example, or metal producers mining and...

Forum: Commodities

December 22nd, 2017, 12:42 AM

Replies: 9

Looking for a Canadian broker to assist with selling options on commodity futures

Views: 1,740

Posted By spoolmak

Hi Bulge. I checked with a Canadian office of TD...

Hi Bulge. I checked with a Canadian office of TD Ameritrade, and all they'll trade options on in Canada is stocks; they won't do options on commodities. In the meantime, I've discovered that Cannon...

Forum: Commodities

December 18th, 2017, 03:47 AM

Replies: 9

Looking for a Canadian broker to assist with selling options on commodity futures

Views: 1,740

Posted By spoolmak

Looking for a Canadian broker to assist with selling options on commodity futures

I'm looking for a Canadian broker to assist with selling options on futures. I've inquired with an RBC office in Edmonton and they want a minimum deposit of $70K to begin trading. Anyone have any...

Showing results 1 to 8 of 8

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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