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To answer the question: Never.

RUT headed to 900. In the next 4 days. Short it. I dare you.

Options are the only way to make real money... IF you have the direction right... Otherwise: lights out.

96 gig.

Usual pattern is to make it in real estate, then lose it all in the stock market. Net out zero, in the end.

...and go broke, eventually.

Free yourself. Stop trading. Now. Take the money, do something productive with it.

+1. Very well said.

About zero. Odds are better that an asteroid will strike the Earth, killing us all, before you are going to find a trader girlfriend - that you would actually want to date/mate. ...in terms of social status... the well-rounded, hot, have-it-together, girlfriends/boyfriends... that have a...

Buying out of the money spreads??? Who the hell does that? SELL. Sell those out of the money credit spreads... MONEY... MONEY... MONEY.... 3% a month.

In 08... you could have easily lost 50%, or more. There is no correlation, zero, zip, between "real world" and theoretical backtesting. Markets have no memory and cannot be predicted. Only false reassurances.

An undergrad engineering degree from a Top 10 Public University. Best return on investment one can achieve, over a lifetime.

You'll quickly become miserable, trading. Then you'll be like: "F... this. 40 hrs, a steady pay check... and not having to turn into a fat slob in front of my computer.... thank god I quit trading." It'll happen. Soon enough. Within 1 to 5 years.

Goes up, goes down. Your lines mean nothing.

Take your salary, calculate how much capital you would need to replace it. For me, over 15 years... I've banked at least $1 million in total salary. Minus my job... let's say at a constant 15% return for the past 15 years... I would need $6.7 million. Even more, if you count down...

Can't wait. I'm going to load up, long, on the June $160 calls. Going for double...

2 years. tick by tick... watch... wait... I'd take Chinese water torture over that. Or bamboo under the fingernails.

Except for the fact that some put on risk so high... that at 5:1 odds... of being "right" when they are wrong - they can lose HUGE amounts of capital, due to excessive leverage, high risk, low rewards. That's what wipes people out; and why day traders are destined for ruin. You can have a 90%...

$5.

Fair value... $5/share. People are nuts paying what they are now.