Recent content by Acumen

Perfect. Thank you.

We should have the dollar pegged to gold at the current spot and the GOV should redeem it if asked. As long as people had confidence in the system, the GOV would not need to have the entire money supply backed by the physical because people would not actually redeem it. Paper and electronic...

Good video which is right on topic. www.bringbackthegoldstandard.com

Got it, that makes perfect sense. So when I am using the buying power, take the following example. I have 50k cash in the account at the start of the day, so 50k options buying power, 200k daytrading limit. I buy 50k worth of calls, buying power goes to 0, daytrading limit goes to 150k...

Correct me if I am wrong, but isn't "it" the contract? Say for a call, to be able to buy the underlying at a certain price? If I sell it before expiration, it is not canceled, because the person who wrote the contract is probably not sitting there with a bid, it is likely some other trader...

Ah finally found what I was looking for, at 4 times the account equity from the start of the day, they stop letting you trade. Still with options settling instantly and at least 25k in the account to qualify, 100K+ buys alot of contracts. Still strange about the overnight thing though.

Thank you, that was what I was asking about, the buying power. I am not used to having it instantly back in my account at a private broker (ie not prop shop). I am kind of shocked that it is immediately available and that it's really true that I can just day trade away all day as long as I...

Just got an account at ThinkorSwim to start trading options and I have a few questions on settlement and margin. For right now I am simply going long calls/puts (100% margin requirement). Why is it that if I buy and sell a contract in the same day, it settles instantly? Why is it that...

Never picked it up because when flipping through I saw very little to actually learn, but I was given a copy so I read it. All I have to say, is the book is 100% Pro-Abortion propaganda and has very little else to offer. I am surprised that it actually got coverage as an "economics" book...

I guess you've never done your own taxes because while the Government may be inept sometimes, they are not stupid.

Bond market is reversing, that's all. Haven't we all been waiting for this to happen as a sign of recovery?

While the link many summarize, there is something about reading Irving Fishers actual 75 year old words. It is worth tracking down in the nearest research libraries special collections for a look.

Irving Fisher - 100% Money Has anyone else here read this work? I am curious if it gets around or if the few copies that exist are hidden away.