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For a retail trader looking to go fulltime, how would a track record with options look at FNY (no daytrading stocks) going from five to six figures in about 2 years? If any one here trades with them, are a lot of their traders in their 30s-40s? And is it all discretionary trading, as with the...

There's no point of reference so looking at a whole book of contracts trading around the strike, it'll be about 50% above and 50% below. Depending on who opened what positions it'll be around 50%. But that's meaningless. The OP is misquoting the question about what % of OTM contracts expire...

Remember to call and get your 10 free trades if you have Apex.

Wow mishganush. Did you fib on the application for options trading privileges?

Yes to the first question, no to the second assertion. It's tough enough to get realistic fills paper daytrading stocks, and the options market is a whole different animal. Understand that the more times you risk an entire account going long an exponentially depreciating asset a day before it...

Maybe the gist of the rule isn't about "experience" or age, but that daytrading is reckless behavior. The SEC defines a "sophisticated investor" as having $1mil in liquid assets, so the day trading rule is pretty lax in comparison. The government is lobbied heavily to give more business to money...

And daytraders win because daytraders think it's daytraders and ET is crawling with em. BTW, I've seen nothing but failed prop daytraders in just a couple years, during this bull market of all things. Even the rising stars once featured in Trader Monthly churning 100k shares a day...THEY'RE...

Or with man named Lucky. Wanna know how to end up with a million bucks? Start with 2 mil and daytrade.

Thanks. I'll take a look at that this weekend. I'll also install Firefox and try it.

1) I disabled the firewall. 2) I can log onto WebTrader. 3) the "Settings Directory" is set to the desktop (should it be on a specific folder?) When I try to sign on, TWS attempts to login but after X number of tries it clearly can't. If I try the "run as an applet" option an "Error -...

You guys using lightspeed- is Avatar a sub llc and any issues with them?

It effects everyone when all those cars are recalled and the feds shut them down. How about the SEC clamping down. Great analogy.

I'm not sure about 2003-04 but today each office mgr can see the positions of every trader on his system. Yes they can frontrun you and some may try to 'help' others but it's a matter of trust and honesty that they don't. They knew something was up with that guy as he pulled in the 6 mil. No...

This group Avatar is advertising on craigslist coast to coast. Who clears for them?

Bartiromo asked him what he's short and he says "you guys". And the story he tells to zha zha gabor on wall street warriors 5 or 6. A classic. What a character.

Thanks for the feedback, guys. That makes sense with ITM since you could get assigned anytime. I sold contracts $5+ OTM and so I'd be happy to wait until the 16th if Ameriturd doesn't act. The warning was an automated msg.

Has anyone ever gone through a forced liquidation with ameriturd (or other discount broker)? I was within the margin req for each contract I sold but then got the email 2 days later. Do they wait for "unfavorable" conditions before acting or are they likely to do it before op ex even if the...

Looks like it was just six pisodes. Our hero Timmy got an honorable mention in the NYTimes. He may not get any 'investors' out of this but one can always market past success start a daytrading office and recruit newbies like our other hero Don...emphasis on 'past' :) <i>This fall, the...

minicontrarianindicator is on a tear... oil is down and so are the market leaders.. anything else you like?

These two, traderyin + mike4242, crack me up... Just make up nice things about their daytradin' buddy and expect everyone to believe it. All right nevermind the show, just believe it he's #1 and forget the kid made a fool of himself on national TV. But I like the show, some good shots and...