Recent content by trader5454

Dating back to 1993, this gain of over 9% on the S&P over the last 23 days is in the top 3% of all moves. Given the current non-volatile market condition, this is even more absurd. I don't think this has to be a top - but I think it is somewhat normal to expect a couple of down days of 1% or 2%...

Do you understand how the vol etfs work? They are based of the vix futures and their decay is based off of whether the futures are in contango or backwardation. So, it doesn't matter whether you want an vol etf to have "decay" as you put it, it depends what the vix futures market is doing.

I just checked with interactive brokers - they said that there is no credit history and no net worth check. Income needs to be above $40,000. So basically if you meet the Reg-T requirements you meet the IB requirement. Just need to have $110,000 for account. This is a bit off-topic for the...

Thanks comintel, Just to help anyone else out there...so far I have contacted ToS and ETRADE. ETRADE: Wants $500,000 in net worth Income of over $100,000 a year 10 years stock experience, 5 years options Does not check credit history $100,000 in account ToS: Pass a twenty question...

Regular margin accounts get killed on the trades I try to make. Just to enter a trade, the margin requirement is about 10X my max profit, if the trade moves against me it can go up to 15X. If I had a PM account it would be about 2-4X - I would definately not use all of this margin, but it would...

I have already been rejected. I was told they want to know your credit history incase you blow up. I want PM because I believe it will allow me to be a "safer" trader throughout my life. I mainly sell ratios, strangles etc on one product that I know very while, and it is difficult to do...

Hi, I am 22 years old. I have been trading for four years and I was interested in signing up for PM at ThinkorSwim. I put $125,000 in my account, submitted the paperwork, and completed the easy 20 question test. Somehow in my research of PM, I did not realize credit score was criteria. Since...