Documenting the Journey From Bluecollar Guy Doing a Bluecollar Job to Trading the Markets for a Living
"A man is not finished when he is defeated. He is finished when he quits."
Friday, February 12, 2010
February 12th
That was fun...
Lots of paper-scalps on FAS. Love the volatility, it makes trading much easier. I only had a small portion of the day to practice so I tried to make the most of it.
well done. i keep my eye on the high volume bars now. just a heads up, i was trying to trade some FAS the other day and my account said buying power reached. i didn't know what was going on. i discovered that the margin requirements for the ETF's are much higher now. up to 75% of the price. so if you have 3000 shares short, you need about 146000 in the account [(3000*65) * .75]. maybe your broker is different. have a good weekend
well done. i keep my eye on the high volume bars now. just a heads up, i was trying to trade some FAS the other day and my account said buying power reached. i didn't know what was going on. i discovered that the margin requirements for the ETF's are much higher now. up to 75% of the price. so if you have 3000 shares short, you need about 146000 in the account [(3000*65) * .75]. maybe your broker is different. have a good weekend
ReplyDeleteThanks for the tip. Good trading to you, Joshua.
ReplyDelete