I’m down to a little more than $100 in my SureTrader account. On Monday I received a SureTrader “Account Minimum for Margin” Warning via email.
Greetings Valued SureTrader Customer
We are writing to inform you that your account equity is near or below $500. Please be advised that SureTrader’s account minimum for 6:1 leverage is $500. Accounts not meeting this requirement may have their margin reduced to 1:1 and current positions sold down to cash levels.
Please make the necessary arrangements to bring your balance above the minimum equity requirement to ensure that your trading continues uninterrupted.
Kindly refer to our website for more details on funding options: http://suretrader.com/Account_Funding.aspx
Thank you for your attention toward this matter. Please feel free to contact a SureTrader representative with any questions or concerns you may have.
I’m pretty much done for the time being. I can’t buy too many shares of anything for $100. It was nice being able to use leverage, and I’ll appreciate it even more the next time my account is back up to $500.
Blowing the account up is apart of my learning experience.
I’m out here trying to learn how to trade on my own. I’m beginning to understand things more, but still have a ton of unanswered questions. I’ve joined the Investor Underground chat room. I follow what Nate and a few other guys trade each day. It’s beginning to put me in touch with the stocks every else is looking at.
You’ll need a lot of volume to help raise or lower the price of a stock. Most of the stocks that appear on the IU watch list I see others on Twitter talking about all day. Nate’s list shows you the stocks before everyone else starts talking about them.
It’s all about hype. I was watching CNBC this morning and Jim Cramer was eluding to the Ebola stock craze. They were purposely trying to avoid talking about it due the wild ride $LAKE and $APT took after someone died from the disease last week.
It may be a good time for me to start looking at sub-penny stocks if anything just for additional practice. My IT business has been picking up lately so I should be back to trading in a few weeks. We’ll see, hopefully sooner.