Thanks for the post , I thought from what I had read that is was exactly the way you posted. But when I started trading options there is no waiting period , the cash is ready to trade the next day. I have a options forum now and some of the traders do not have a account of 25k+ and they are...
Sorry, I posted earlier that it was T+1 is not , you can daytrade options all you want until you run out of cash, then do it again the next day.
Trading options rocks I dont even bother to watch stocks that do not have options on them. Plus the % gainers are unreal they are sick... at one...
I dont blame anyone that one that wants to prop trade to start out with 5k and be heavily leveraged is great for alot of traders, but I personally didnt want to get into trading millions of shares .
For health reasons and staying indepent I chose to trade my own account and have managed in...
Sure Kelly , I have seen it posted on a mulittude of websites but did a real quick search on GOOG and here is just one example....
With over 80% of all options expiring worthless, we feel that option writing should no longer be the exclusive domain of the professional trader from...
I dont blame anyone that one that wants to prop trade to start out with 5k and be heavily leveraged is great for alot of traders, but I personally didnt want to get into trading millions of shares .
For health reasons and staying indepent I chose to trade my own account and have managed in...
Fwiw according to Penson Financial Services or penson.com which is one of the biggest clearing firms that sometime in 2005 that the security industry is supposed to change to T+1 from the current T+3 settlement.
I am not holding my breath waiting but thought that I would post what I had...
I have not used them yet but alot of people that I know swear by choicetrade. $ 5.00 for stocks, .99 for options, $25.00 for mutuals with no inactivity fee. I am currently in the process of opening a account with them. Also their software is top notch it is called choicetrade but is identical...
I have not used them yet but alot of people that I know swear by choicetrade. $ 5.00 for stocks, .99 for options, $25.00 for mutuals with no inactivity fee. I am currently in the process of opening a account with them. Also their software is top notch it is called choicetrade but is identical...
Very true SSB, not to mention that 75-80% forget the exact percentage of options that expire worthless. My intent was not to lead people astray into the volltile world of options but as possible alternative to those who have experience with trading them or to learn to learn more about them...
Fwiw I have seen tons of post from traders having a problem with the brokerage firms now enforcing the PDT i.e. pattern day trader with accounts under 25k.
What I havent seen and maybe this will be of help to some is that you can trade options and the settlement is T+1.
So I switched...
I have to agree Cramer is no trader ..... what massive trader gives it up to be on CNBC .... the real big boys make more in a day than he probably does in a year.
As far as being a hedge fund manager something doesnt smell quite right . He bailed out it in a hurry with 24% on what 50 to...
Interesting thread thanks for starting this multioption. Best of luck on hitting your 100k I do believe that your goal is certainly not out of the question.
I have been getting into options more and more the longer I trade . AAPL, SNDK and a few others have been real good to me...
Still a little confuse here, so sirpangolin you are able to flip stocks intraday then??? Buy and sell, buy and sell etc. I am trying to find a broker that I can trade all my cash at least once per day ... no T+3
Thanks for any help,SS
I agree flytiger I bought REDF in the 8.00 range and still holding... I believe that India was and has been for some time with all the focus on China .