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Alias Born 09/26/2010

Re: medge1 post# 118

Friday, 10/08/2010 1:00:01 PM

Friday, October 08, 2010 1:00:01 PM

Post# of 2956
My broker is in Luxembourg, the leverage in futures in 1:10 but I use only 1:4 beacause I never had a margin call and never will. When market is on the top 400% leverage is acceptable but if you want to short YM at 1600 (this is where I see Dow in the next decade) then it's too much. But for stock trader SDS is OK too.
The current margin to sell 1 mini Dow is about $6500 for a value of 11,000 X $5 (one point) = $55,000 but I am allocating $15,000-20,000 on the same trade to relax and wait for a big fuck crash when Goldmans will jump to a suicide from their corrupted office buildings. The world system in finance already changed and the current cover up and money printing once will stop, it will be game over for wall streets of the world, I expect all financial assets to fall by at least 80% in the next decade. You can buy then IBM for $5 smile and Dow at 1600
All U.S brokers are doomed to go bust, before I used Penson GHCO, RCG LLC, Etrade, Man but in 2007 I took all money out of U.S, I pay now 50 times more in commissions but I sleep like a teddy bear, the trust and safety today is worth more than money.
If you want to trade futures in U.S with U.S broker then you have a problem, most of them will go bust.

When we hang the capitalists they will sell us the rope we use.

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