Trading CFDs
-Basically make 2 accounts with small deposit
-buy stock on huge leverage before before the earnings report
-sell stock on the other account
-wait until the next day
-one account is at huge gain and the other at loss - > your broker pays for the loss coz of negative balance protection
-enjoy your guaranteed moneyyyyyy
thoughts?
no, look up leverage ratio.
that should not be a problem, I can get it to 1:200
Am I the only one seeing the opportunity here?
>>1437440
Any idea you've thought of has already been thought of by the bank. You're going to owe whatever you borrow to close the short position. Balance protections cover brokerage house failures, not your own ineptitude.
>>1437242
If you use the same IP address for both accounts you will be fucked
Well, brokers that do offer negative balance protection just square your acc. to zero...so yea...SO I guess I am safe if I do it with like my friend? MONEYYY
how are you making money? say you make 10,000 on the winning account, you would lose the same amount on the losing account wouldn't you? so you make nothing. but you need to pay commission so you're down in the end.
imagine sending there like 200 $ on each account on high leverage like 1:200, wait for the GAP overnight (in case of earnings report or something) so one account can get like 1000 $ and the other - 1000 $ BUT the broker which offers negative balance protection will make your balance 0 on the other account...clear?
>>1437567
>the broker which offers negative balance protection
So when the stock rockets, and my short position gets utterly ruined, your broker will just be a nice guy and zero that out for me?
>>1437731
shhh, let him believe. it's funny.
>>1437567
oh boy, sounds like you found a real loophole there, buddy. i'd advise you to go in with several hundred thousand bucks, borrow money if you have to. it's a once in a lifetime chance. they'll probably close the loophole and alter the deal after you cash in for the first time - or someone else on /biz/ does it, since you just gave it away. better get going...