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Pretorian

Members
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    5
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Personal Information

  • First Name
    TradersLaboratory.com
  • Last Name
    User
  • City
    Surrey
  • Country
    Canada
  • Gender
    Male

Trading Information

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    No
  1. *A month ago, you asked about forming a corporation to manage your money ......!* Thank U Sevensa for your evil sarcasm, still that didn't help a lot... U are damned right. I am extremely profitable, while working on a DEMO account with 20.000 virtual dollars. I have NEVER positioned myself as an experienced professional. I am still learning and have a lot of questions. Some of them could be stupid. But for others, it could help to save their money. More than that, I used scalping and was trying not to leave an opened position overnight. Now, I try to find out the environments for position trading, that's a different stuff. There are a lot of traps on the way and there are no books for the matter. Only our own experience and our mutual help. Who could know, that overnight margin is 13 times as much, than intraday? for only 15 minutes? Many of the fellows don't know about this trick... and may be some other tricks still ahead, which one can't even predict... but each of them can kill in minutes. Yes, Sevenca, I do know the result for 2x2, having a Master Degree in Nuclear Physics... but it happens difficult to calculate necessary account funding in this unknown and uncertain environments with a lot of traps and tricks on the way. That is just impossible without somebody's experienced and generous help. If U think different, just don't bother to respond, save your time, words and nerves. Regards
  2. A small portion of mathematics for position trader. The day trading margin for the YM is $500 per contract, while overnight margin at Exchange, I use for live trading (CME), is $6500 per contract. Does that mean, I'm going to get a margin call at night hours (4.15-4.30 PM EST for YM) if my trading account is only $5000 and I left an opened position with growing loss for the next day? There is no stop order on it. In connection to this environments, how much funds should one have at least on one's account, to be able leaving 1 order overnight and tolerate a loss up to 50% of the initial account? Lucky trade to all fellows!
  3. Yes, I am. For about a year out of 3-year practice period. Very intrigued already... Regards
  4. Yeap, dear Brownsfan, looks like that... And even if that is not, who wants to mess with a Tax Man afterwards?... Regards
  5. Dear fellow-traders, If one is going to be a full time trader, what type of corporation should he establish to manage his trade account? Can he work as a self employed or there is a better issue? If one trades a futures E-mini, should he calculate his gain/loss each contract for his tax return? but if one is scalping, it could be a hundred of orders each day, should he report them all? Or, maybe calculating gross gain/loss once in a day, or a month, or a year is enough? Best Regards, Good Luck in Your Trading!
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