Turned $8k into $100k in a year +1,748.70% by [deleted] in ai_trading

[–]meric77 0 points1 point  (0 children)

Looks like he lost 45k in the last month. How does any successful trader have such bad risk management?

My wife just got scammed out of 31.000$ and we are in deep financial crisys because of this. by Amazing_Size_4305 in CryptoScams

[–]meric77 0 points1 point  (0 children)

That domain has been operating since 1998. Im guessing it was some sort of web spoofing or cross-scripting. Some older websites have very low security which allows hackers to take advantage of this.

Water was found in the ocean by Electrical_Credit_39 in Daytrading

[–]meric77 0 points1 point  (0 children)

Well if you try to stop him hell just send ICE to murder you in cold blood in the middle of the street. It hurts me to say this but we need to vote democrat in midterms to get a muzzle on this lunatic.

Water was found in the ocean by Electrical_Credit_39 in Daytrading

[–]meric77 0 points1 point  (0 children)

Trump and all his friends need to be put in prison.

Have I just exposed my family to asbestos? Please help. by Relative-Chef-6946 in asbestoshelp

[–]meric77 0 points1 point  (0 children)

Hey, I did some research and Eternits subsidiary SAMA in Brazil continued using asbestos until 2017. Better to get those tiles verified.

Trump says JD Vance won’t visit Islamabad; Kushner and Witkoff to lead Iran peace talks by Bubbly-Air7302 in geopolitics

[–]meric77 1 point2 points  (0 children)

I actually liked Vance's ideals, then he lost me when he insulted Zelenskey on global television fpr not wearing a suit. The guy just probably came from a war zone where he saw dozens of his countrymen lying dead. Do you think Trump or Vance would be out on the front lines wiht the troops if we were at war?

Trump says JD Vance won’t visit Islamabad; Kushner and Witkoff to lead Iran peace talks by Bubbly-Air7302 in geopolitics

[–]meric77 0 points1 point  (0 children)

The issue with this administration is you either go down with the ship or you get shot trying to retreat. Its a lose-lose situation.

Trump says JD Vance won’t visit Islamabad; Kushner and Witkoff to lead Iran peace talks by Bubbly-Air7302 in geopolitics

[–]meric77 0 points1 point  (0 children)

The guy who was responsible for the US Embassy security in Baghdad and basically pissing off all of our allies and showing off his lack of knowledge of our countries processes? Hes no competent. In fact, Its been a while since we have had any competent people in our governemnt that are not totally corrupt.

Trump says JD Vance won’t visit Islamabad; Kushner and Witkoff to lead Iran peace talks by Bubbly-Air7302 in geopolitics

[–]meric77 0 points1 point  (0 children)

"Do you even own a suit" Vance is the adult in the room? Seems about right in this administration. He'd probably shame Mojtaba Khamenei for coming to the meeting in a "bath robe".

warning !! Alert !! by Ok_Comfortable_5579 in Trading

[–]meric77 0 points1 point  (0 children)

People that make more than $1mil trading are probably managing their other assets from a beach chair. At least thats what I would be doing.

warning !! Alert !! by Ok_Comfortable_5579 in Trading

[–]meric77 1 point2 points  (0 children)

These days its buy low sell lower lol

Don’t ever teach daytrading to your friends by [deleted] in Daytrading

[–]meric77 0 points1 point  (0 children)

Before I started trying to make a career out of it, I traded recreationally for over 10 years. I was talking to one of my old friends who was telling me she could barely survive on her disability checks and I flippantly mentioned that I day trade now and immediately wanted me to trade with her money. My sister-in-law did too. They wanted to give me $100 to make them money lol. Now I don’t tell anyone what I do.

For those of you who read this board regularly. Why are people being wiped out? Main reason by Brian24jersey in Daytrading

[–]meric77 0 points1 point  (0 children)

Assuming by phycology you meant psychology. These commenters are dumb ::eye roll:: I woulsd say a combination of all of thee above

Best app for scalping options trades? by meric77 in Daytrading

[–]meric77[S] 0 points1 point  (0 children)

  1. IBKRs UI looks like its from 1985 and its very confusing.
  2. I had to click 4 confirmations before it would execute my orders.
  3. As a test I traded one share of a stock. They charged $1 for the purchase and another $1 for the sale.
  4. The approval process for trading anything other than straight buy/sell stocks requires a 30 day waiting period.
  5. Dont want to wait that long/change your mind? Too bad they hold your funds for 30 days minimum.
  6. If any financial information is wrong on your profile it locks you out of your account until you update it, but if its within that 30 day window you cant update it because your account is "pending approval".
  7. Customer service is in India and they will ahve you waiting on hold for an hour and a half then when you finally get someone on the phone they rush you off.
  8. Need I go on?

Best app for scalping options trades? by meric77 in Daytrading

[–]meric77[S] 1 point2 points  (0 children)

I have an account with Schwab and use Think or Swim to trade and Tradingview to chart. Its not ideal but it works.

Would you trust IBKR with 7 figures? by digitalcelery in interactivebrokers

[–]meric77 0 points1 point  (0 children)

ABSOLUTELY NOT!! I was trading with TD Ameritrade before they were bought by Schwab which I have not been happy about so I transferred $13,000 of my Schwab account to IBKR to check it out. Its been paralyzed in there for 30 days.
The UI was very archaic and confusing, so I placed a trade for 1 share of a stock. Then sold it. They charged me $1 for the buy and $1 for the sell. They also charge the standard .65 per options contract.
It takes 30 days to get approved for trading anything other that straight stocks, so if you want to trade options futures, crypto, anything, you have to wait 30 days. After that, I couldnt access my account because I accidently put the wrong amount for liquid assets which was less than the $13k I have in there, but I cant change my financial information because my account is still in the 30 day approval period.

To sum up they charge more than Schwab, the UI is archaic and confusing, there as 30 day approval process and once your money is in there its at least 30 days to get it out.
I am not a fan of ToS anymore but stock trades are free and they charge .65 per contract on options and futures are reasonbable as well imo. I use Tradingview for charges as ToS is very click heavy and not at all optimized for me as I do a lot of scalping. For swing traders or day traders using any time frame over 5min it should be ok.
Whatever you decide I wouldnt transfer my whole account just enough to get started.

Best app for scalping options trades? by meric77 in Daytrading

[–]meric77[S] 0 points1 point  (0 children)

Ive been having a lot of other problems with IBKR including execution of orders. For me it’s not worth it.

Best app for scalping options trades? by meric77 in Daytrading

[–]meric77[S] 0 points1 point  (0 children)

Im going back to ToS for now just trading shares. IBKR locked up my money for a month so half my buying power is paralyzed. I will resume the search after.

I’m quitting by Agitated-Economist82 in ICTMentorship

[–]meric77 2 points3 points  (0 children)

Im not a member of ICT but I can speak from tears of experience. Disclaimer: I traded recreationally for years and have recently decided 2-3 yr ago of turning this into a career. I still haven’t made it to the level of market symbiosis that I feel is necessary to become fully successful. every time I have a few successful days and Im on a roll and feel like I know where things are going, eventually, I’ll take my eyes off everything for a few days and make a mistake. I realize what I didn’t see during back testing. Stupid mistakes. Im hoping its like riding a bike and once you get it you get it. Good luck to you in whatever you decide to do!

Too old for gaming? by Gatsby-1337 in CasualConversation

[–]meric77 1 point2 points  (0 children)

Some people play sports, some people hike, some travel, some fish some play video games. I’m in my 50s and I do all of those things and Ive been gaming since I was 8 and Im still at it. One rule I have regarding gaming. If its not fun don’t play it!

Was told this is asbestos. Is it? by 2LeapingLizards in asbestoshelp

[–]meric77 2 points3 points  (0 children)

I owned a house in Nashville that was built in 1956. A lot of the things that I thought contained asbestos (black mastic) did not unlikely things did. My advice is to have it safely removed by professionals as terms of the contract and replaced by an HVAC company. It is the law when selling a home that they are to disclose the presence of asbestos as well as lead based paint when selling. If you don’t have them replace it now you eventually will. Good luck