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You can get micro lot forex accounts to get (my memory is fuzzy) 10,50,100, and 200 X leverage without a margin requirement. It's pretty stupid, actually.

I never said deep ITM. Even if I wanted to use deep ITM options I can buy any option that automatically makes me about $500 (intrinsic value is $500-ish). This is like asking "how can you buy a $10 shirt with $10?" It's all relative to the price I pay, haha

Use all the technicals you want, at some point you have to realize almost every event in the near term is bullish and there's overwhelming bullish sentiment. Did your "double top" tell you that? Technicals are good, and I'm not saying your wrong, but consider all the other things as well

So I've been hearing some say that the market is going to crash in Jan of '11. Their idea is that the economic activity will pretty much cease after the holidays. "Their" happens to refer to a local business owner I know - apparently he is going to cash. I'm glad I didn't hear this...

I don't really need one now. I just started putting ads on my website this month, and even though the website is not anywhere near where I want it to be, I'm getting up to an average of $10 a day - for talking about stock trading and offering tips. It's just that I won't see any money until...

Very good point. I enjoy investing and working on my website more when I'm actually making trades, obviously. And if $400 is the means to keep me interested, then I'm cool with risking it.

I don't like the highly leveraged forex idea. Or any forex for that matter, at this time. I'm going to use deep ITM options because I personally don't like intermediate term options - it reminds me too much of gambling (don't ask how). Why would you suggest OTM options though, because they are...

I hope I'm not telling you why you're wrong when I was the one who wanted an answer but I would like your input on something: If I invest 400$ (80% of my capital) in one trade, buying 4 long calls for $1.00 each at a strike price of $2 on an underlying stock of $3. The stock price goes up...

Well I appreciate your suggestions, don't get me wrong, but I don't have the time or inclination to work a minimum wage job. I applied for some a while ago and was never responded to. It wasn't because I lacked in any area, it's just because everything is pretty scare where I live. What do...

Hello everyone, I've had a lot of unexpected expenses (as well as my parents- I'm 17) lately. Because of this, I drained my trading account (not really my choice) and I don't have much to invest at all. Anyways, I have about $500 saved up to get back into it (I trade mostly options) With...

Give me 1 example where this happens, and I'll give you 10 where a stock drops, and you sell it at market, 5 % below the last quote- and then the stock immediately bounces back up. If you are so obtuse to invest in a stock that would dive a few dollars in seconds, you shouldn't be investing...

Buffett has allotted himself a 100k salary as ceo of berkshire, and lives very meagerly. if you're insinuating that he is exploiting power for financial gain, i think you're wrong- the guy isn't greedy at all

Hey everyone, I have a blog/website where I record all of my investments, and an explanation of why. I'd love for you guys to check it out for both your benefit and mine. I'll keep updates on here as well. Go to the portfolio page to check out what I currently have. It's pretty scarce...

fundamentally, bac is absolute crap. given recent news too, it doesn't help their situation. so they're slightly oversold- big whoop. I wouldn't take that risk, going long. I wouldn't short it either. Their beta is 2.16

you're a complete joke. hahaha, kidding, just kidding. Use technical indicators like speed lines and Fibonacci retracements or just below support lines for stops. P.S. - make sure you make them limit orders as well, never do market orders!

For the next few months? I think they'll do pretty well- not necessarily in the short term. I think QQQQ will do better than Spy though. Agree/Disagree?

It's my money and I can't commit fraud by creating an account. Just cause you're bitter because you're twice my age and your P/L is crap doesn't mean you have to be condescending. I quote: "This is called "GO BACK TO BASICS! YOU DON'T KNOW $HIT!" ... " that's what someone said. So...

What I said was a mistake- you guys need to chill- I hate when people say crap like "go back to basics" to make themselves feel better. When is a put covered then?

If you want to have an order that sells a put to close at atleast $.55 (limit) after the bid price gets to $.55 what kind of order would you place? I've been trying to get it for over 30 minutes now.

Sorry for all the questions... but say I want to create an order where if: the bid price on a particular call goes up 13 points ($.13) from .40, I place a limit order of (.55) that is GTC Would I use a trailing stop?