|
JACKSON, MICHIGAN
Legendary Market Wizard
Experience: Intermediate
Platform: TS and Trading View
Broker: TS
Trading: ES Awesome!
Posts: 955 since Jul 2009
Thanks Given: 406
Thanks Received: 648
|
Thank you for replying to the topic. I will need to check the ratings of the bank with which I will do business, first. BoA is leveraged in debt default up to their ears. However, they would likely not be allowed to fail should push come to shove. Brokers and bankers can speak out of both sides of their mouths. But at the end of the day, when bank creditors come to collect, your money is up for grabs.
I like the idea of only keeping enough in the account to cover margin and a couple of failed trades. Multiple brokers using separate bank accounts is also an option. Same trade but on separate accounts through separate brokers.
I just do not like the idea of sticking all of my apples in one basket.
COTtrader
|