Thank you Peter, you are very on point with this one. As we say here, you’re spot on.
I was indeed approaching this now as if I were significantly more scaled. Already I missed Tuesdays trade, was losing sleep and distracted. This morning whilst they were passing me around like a hat in church, I looked at the next move for the open and decided this cannot go on and the damage of opportunity cost will become insurmountable. So I took the bone they threw……
I definitely could have done better out of this had I kept pressing but that is not my business model. Waring a client out through continuous interrogation is an FBI technique to make people confess whether guilty or not, also a sales technique. I am aware. I have done sales once, it is bottom feeder practice and not something I identify with! To be fare I used the same thing on the folk at IG, this is when I was suddenly passed around. I think this is why they phone in the middle of the night, to weaken us! Brokers are not in the business of giving money.
When I was in business as a landscaper I had a mentor with 4 large businesses in Aus. He was a Lawer by profession, and after exploiting labour for decades his prime role was to sit in court and defend the company actions. The last time I saw him he had been head hunted by Bikies for misconduct and was being hospitalised for heart/stress. When we parted ways because I had issues with his methodology and treatment of humans he came to the door with ECG wires hanging off him. So brokers are similar is what I am getting at. Maybe I’m a bit extreme….maybe not.
Onwards and upwards. JS has sparked me right back up to continue my DSP modelling so I have 685pages to read and first year calculus to breakdown.
Soon I will be annoying you for more about your HFT escapades!
Best wishes
CC