Futures

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Jul 31, 2008 9:48 pm

Anybody trade individual futures contracts?  I've got a client that refuses my advice and is blowing himself up quickly.   Any experience?  Advice?

Jul 31, 2008 9:53 pm
Primo:

Anybody trade individual futures contracts?  I've got a client that refuses my advice and is blowing himself up quickly.   Any experience?  Advice?




You have to seek advice about how to interact with a client on a message board? Loser.

Jul 31, 2008 9:58 pm

This is a big boy conversation, go back to annuities.

Jul 31, 2008 10:47 pm
VA Salesman:
Primo:

Anybody trade individual futures contracts?  I've got a client that refuses my advice and is blowing himself up quickly.   Any experience?  Advice?




You have to seek advice about how to interact with a client on a message board? Loser.

 
You have to keep re-registering because you keep getting banned and you call me a loser?  Nice try Hobby Marino Bobby Frankly Full of Bull.
Jul 31, 2008 10:50 pm
Ferris Bueller:

dump your client.

 
Doing 30-40 contracts at a time, 2-3 full turns a week.  Hard just to tell him to go away.  And at the end of the day he can afford it.
Jul 31, 2008 10:59 pm

He's placing them THROUGH you? As long as they are clearly marked as unsolicited trades, notify him of the implications of his actions and take the commission if he refuses, or just dump him if he could be a potential arbitration whiner.

Jul 31, 2008 11:29 pm
Primo:
VA Salesman:
Primo:

Anybody trade individual futures contracts?  I've got a client that refuses my advice and is blowing himself up quickly.   Any experience?  Advice?




You have to seek advice about how to interact with a client on a message board? Loser.

 
You have to keep re-registering because you keep getting banned and you call me a loser?  Nice try Hobby Marino Bobby Frankly Full of Bull.



It takes you two shots to try to piss me off? Loser.

Jul 31, 2008 11:33 pm
Primo:
Ferris Bueller:

dump your client.

 
Doing 30-40 contracts at a time, 2-3 full turns a week.  Hard just to tell him to go away.  And at the end of the day he can afford it.



He thinks of you as an order taker. He doesn't take your advice because he doesn't respect you. You must be a real piker if you can't survive without him.

Jul 31, 2008 11:38 pm

I was a retail commodities broker for years. It was all I could do to keep specs from over trading until they blew themselves up. Over 90% of retail spec traders eventually blow up. Most don't manage risk first and it just becomes another form of gambling, no matter what they tell you.

 
Get it in writing from him that you do not condone it.
 
Or let him blow up and give him the link to gamblers anonymous (http://www.gamblersanonymous.org/) because the odds are
strongly against him.
 
 
Jul 31, 2008 11:58 pm
Mucho de Tejas:

I was a retail commodities broker for years. It was all I could do to keep specs from over trading until they blew themselves up. Over 90% of retail spec traders eventually blow up. Most don't manage risk first and it just becomes another form of gambling, no matter what they tell you.

 
Get it in writing from him that you do not condone it.
 
Or let him blow up and give him the link to gamblers anonymous (http://www.gamblersanonymous.org/) because the odds are
strongly against him.
 
 
 
I appreciate the advice.  99% of my futures trading is for hedging, so when this guy has a bigger tolerance for losses than I do, really threw me off.