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158: Phil, @OzarkTrades – Short Hype Stocks, Long Farmland

Chat With Traders

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Is It Better to Have More Brokers Than Less?

I would always advise having, even if you're long biased, having two brokers never going to hurt you. But if you're short biased, yeah, the more brokers you can have, the better. And I guess maybe if you want to throw in a third reason, it probably mitigates your risk a little bit as well. In case one broker, touchwood goes down. Sure. Well, and it also, again, like you said, for that reason or for another reason,. The next day I had a monster margin call. So that broker was down for the day, and I had a wire in from another broker. Okay. Cool. Now we'll talk about some

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