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I'm not so sure if I would call him an idiot. I doubt that he didn't suspect that he what was doing risky. I'm pretty sure he was cognizant of his decision, its just that his personality isn't compatible with the laws of society. Some people are intelligent, but also have to strong of a desire...

"Only" requires the last six digits of your SS. The funny thing is, the first 3 digits are the only digits in your social security that isn't random. So by giving them your name and social security, you basically give them your entire name and entire social security number.

The people who run these businesses have a really robust business plan. Basically this is what I think they do to earn money. You invest 10k into a 200k account. They make it so that if you lose 10k of that money that you deposited you are cut off of the account. So in turn, they don't take any...

Your sample size is most likely extremely small and the length of time isn't long enough in the grand scheme of things to state that your strategy is profitable in the long run. Please take caution.

No, you can get filled at $5.30 even if the NBBO Bid Ask is 5 - 5.6. Once you place a limit at 5.3, if the options market is transparent, then other trades will see that and can take your limit order. This way it essentially benefits both parties, however there is risk of buying in between the...

If anyone were to ever read the book, beat the dealer, they would realize that risk management is one of the biggest aspects of any sort of probabilistic based wager.

You have to understand though, trading is a dreamers game. Being successful at trading is like becoming a professional basketball player, probability wise possibly worse. But it doesn't matter, because a lot of traders do in fact have an ingrained mentality of gambling. They are essentially two...

500:1 leverage is never feasible. Even the best traders will not excel under those conditions. Only forex brokers provide this leverage, and you can bet your ass that they are taking the opposite side of those trades.

Just keep using TOS, there is no reason to not use the platform, even if you're not trading with it.

Makes sense. I guess the retail trend is options instead of futures.

Well I figure people nowadays have more funds to invest with the economy doing better at least by the numbers. Unless the answer is that the people who had funds to invest already invested and there is simply isn't much new money coming in.

Why do you guys think volume is declining in the markets? Im genuinely curious. Does this mean perhaps that perhaps there is less participants in the markets?

i got like 3 bux in my tos account. Live data, live level 2, time and sales. Seems too good to be true. Although I have probably spent thousands in commissions in the past.

Yea sorry for being crass on my reply. I do agree with you though. The regulated markets are still where its at. I don't want to have to negotiate withdrawing funds with my brokers. Offshore forex brokers are already bad, lets not even get into these crypto exchanges headquartered in god knows...

First of all, it's not a stock, it's a currency. There is no ownership, so you can just trash that notion. Now, do I think it's a good idea to trade BTC? Naw probably not, if you're a good trader, I think the regulated markets are 10x better.

you know the question OP is asking is akin to asking, if there is any way to find out the anticipate the anticipated(implied) volatility. In other words, is there any way to tell the future? My answer is, yes

You sound like you haven't really traded much. So, if I were you, I'd consider keeping your job and trying to trade on whatever free time you have to see if you think it is even possible that you could make money. Most people fail at it. So the cons of day trading for a living is that, there are...

liquid markets have edges too, as long as you're a small fish, you can sneak in and grab some scraps from the big fish. But once you're a big fish, you better be ready to compete with the other big fish.

WSJ is about as legitimate of a source of news as buzzfeed is. It's sad to see how low WSJ has fallen.

He's right though. Maybe you don't want to believe it because you don't want to accept that making big gains like that is possible. But it is possible, highly improbable though. You can choose to believe him or not. If I was making cash like that, I would never go through the time to prove to...