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sorry- i cant resist... u want to withdraw 2K a month.. nice.. but sometimes. market will make LARGE unforeseen withdrawals from your ACCOUNT which will throw a spanner in your PLAN...

many a youth dont know what they have.. by the time they realize they are old and penniless.

ib correct allows 1 cent closing of short option free no commission, but if u were to buy the one cent option it wud charge u...

DAVE. thanks for the reply.. so if u see my OP.... all i did was buy 3 cent SPY OTM options which were expiring the same day . and I closed them before EOD... so since it was SPY -do you think my 1000 round trip trades make me a Large Trader? Also, i dont think I will go over 1000 contracts...

try the Supertrader Karen's strategy.. google it .and there are many threads here on her. its selling OTM puts and Calls on the SPX index

has anyone got this intimation. i bot 500 contracts of SPY OTM call. at ~5 cent range.- it was a directional bet ( thats not the point) but i later closed it out for a small profit.( few cents.) but in effect i did 1000 contracts on spy that day. huh. so my broker send me email that I am as...

spoke to Lightspeed... PM requirements is 175 K and not 250 K... (btw IB is 110K .) .. they have some promotion of 10K rebate upto 50% off in first 3 months.. no exposure fee. no order cancellation fee... there is a mandatory 21$ per month charge for stock /option data. and 100$ software...

huh, i usually change my mind in a few hours , how will i wait three days,, is this like that other scheme sharebuilder ,where u were charged v less and they wud buy u shares on a time schedule

thks for the reply, but isnt it straightforward calculation on the basis of portfolio margin if i am holding any short securities, they have a margin requirement and if i meet that, lightspeed should be ok? the exposure fee is a creation of ib to nickel and dime us,, plain simple if u dont...

thanks sfbayarea- i assume if we dont want market data- then we dont pay the 20 bucks /month.? do u have PM with lightspeed? its 250K . are they flexible to reduce it a bit if I call and negiotate

i am thinking of changing from IB to lightspeed . pl advice.. my IB monthly commissions run close to 2500. i do options trades usually 50-100 at a time. I do have >250K so will qualify for Portfolio margin. so assuming I hit the lowest active trader -0.50 cent-Over 500 contracts...

ha .. .it seems that is the way.their living style. they cruised thru high school undergrad and grad school. doin that.. they seldom realize. u pay to attend college.. at a JOB , we PAY you. and not the other way round.. this new generation is up for some tough times..

both of your replies. are very insightful... yes - china. it seems. the SMARTEST and most TALENTED folks end up in the government - they do have an advantage. see with industrialization. we maynot need that many folks - See John grays' POV Our governments are preparing for a future without...

AGREE.....Money Makes Money-.. u need CAPITAL to trade. period.. other wise. buy lottery tickets...

THIS IS SOMETHING FEW ARE FOCUSING ON.. THIS DAMN EURO ITSELF IS A PEG AND A DISASTER IN THE HAPPENING.

nope.. u can never teach it to a sponge.- reason is..- that all the hard knocks you have gotten. the kicks in your stomach. the sleepless nights. ha ha. how will u pass that on. and even if someone claims to be a sponge. problem is that. he /she is human and has the same emotions..fear /greed...

what was the mel brooks movie.- the producers... they try something and have unintended consequences long story short. - once. I had 2 accounts and it was year end. ..i had some calls and puts in both . one a regular trading account and the other an IRA. i tried something to take a loss in...

trading is very different from playing the violin or being a brain surgeon. u may have figured out a strategy. and it works for years. but then markets change . u r so called edge diminishes.. and most of the times. u get greedy and one slip is all it takes to wipe out years of profits.. if u r...

i can think of times when I wished i had this functionality... say . i have an errand to run.. and need the trade to be executed at market... and also. it increases discipline. that is personal.. sometimes I wish i cud automate it.. and not keep looking.. my profits are booked. or losses...

how DOES PBR loook.... it was 47.. now in 7's.... if oil rebounds and they get their act together.. should be a multi bagger... ?? i own a lot of quality oil stocks... RDS.... TOT.. XLE.. etc... they did not fall a lot.... as the drillers.. llike..... RIG and SDRL .which murdered me...