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I think it will be higher than 440K at the way things are going.

The best thing to do is to ignore all these media pundits, do your own homework and observe your surroundings (stores,streets,etc..). No one hands out free advice or stock tips.

Someone just DCAing SPY will outperform these Hedge funds.

This is why I trade/manage my own capital. No one is going to care more about your money than yourself. Handing it to these hedge fund managers means you pay them to take the money and gamble it away. The do not care or have any incentive to make sure your capital is protected.

Yeah but I bet he made profits all 7 years, even though his customers did not.

closed the position on those 50 calls for .27 cents each. It made no sense to wait more than two weeks to try and grab the extra 27 cents. I think I milked that cow enough. Gonna see what happens the next few weeks and see if we might get a little pop End of year and then decide to sell another...

Makes sense, I trade the SPY ETF options. Lots of liquidity and volume for those options as well. It would have been nice if they broke it down by what type of derivative.

We do not need more Phd's. The problem is #1 public education is focusing primarily at the low end of the curve at the expense of the middle and high end of the curve. We dumb down the educational system to make sure the hoodrats can pass a test. #2 College is expensive and too many people are...

He should have kept his mouth shut, quietly raised the prices but slow over time and of course made good donations to the Clinton foundation like everyone else in wall street. He would have never had any issues.

He messed with Wu-tang and they struck back the next day.

I am surprised no firm has come out with an ETF that has 25 symbols representing the same basket. That way you get around the rule by day trading one symbol and then switch to the next one before you get flagged as PDT :)

Thats noob thinking, If your plan is never to take your profit, but only exit on losses This means your account will go to zero eventually.

Its because of Elite trade why I chose never to open an IB account. Those stories are nightmares. there is no way to manage risk with an IB account since they add a big counter-party risk that you cannot account for when planning a trade.

This is why I do not have an IB account. I always here these horrible stories about auto liquidation of positions. There is enough involved in Risk management when trading your account, the last thing I want to add is some totally random margin call even if you have more than enough margin. I do...

Just wrote 50 calls on my position at 12:36 for 1.33 a contract for the Jan 8 2016 210 strike price

So I assume derivatives on etfs would mean restrictions on using equity options on the spy for example?

I like to sell atm or slightly itm options. Now depending I might sell otm options if I feel the premiums make it worth while and I feel the markets will move faster than what is expected in the near term.

3000 shares of SPY I sold short the 208 puts that expired deep in the money. Although due to the premiums collected the cost basis for this position will be 203.98 a share. I am assuming g the obvious that stocks gonna be put since the contracts expire today. But from collecting put premiums...

So far on my O&W portfolio. This is a basic portfolio for a long biased view of the markets but attempting to add alpha and reduce volatility somewhat. Dividends get reinvested. Not sure where I stand against the average hedge fund but this is a true hedge fund, I try to hedge risk yet try and...

I like TD and Etrade myself. And with Etrade if you have enough trading capital they extend the Etrade pro platform for free even if you do less than 30 trades a quarter. For me both are cheaper than IB and I feel much more secure as well using these two brokers VS IB and I don't pay any...