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I am long a bunch of the ZQNKR (Nov 90 calls) and not sure if I should sell now to take profits, or wait til tomorrow after earnings.

If you choose to trade prop, then the various licensed prop firms will sponsor you for the series 7 (and 55 if they are a FINRA firm). I got my series 55 when I joined Worldco, but all the licensed firms will be more than happy to sponsor you for the licenses that you need. They will give you...

I am in no way advocating that someone should quit their salaried job to try and make it as a day trader, since 90 to 95% of day traders fail. When I first read the thread it seemed that wiesman02 had made up his mind and was determined to follow his dream to try and become a trader. My...

You can trade remotely from home with most prop firms. Even if the prop firm does not have a physical office in your state, they are probably licensed there. Firms like Assent and Hold Brothers are licensed thru NASD (now FINRA) so you could get series 7 and 55 licenses and keep your current...

Is there any specific reason that you do not want to trade prop? You could put up $10k as deposit capital at one of the prop trading firms and use the remaining $40k for other purposes. Off the $10k you could definately get 20 to 1 for intraday leverage at minimum and maybe 4 to 1 for...

Bailed on my RIMM Nov calls today at 7.10. I wanted to play some ideas on oil related stocks, so I sold as soon as the market opened, so I got out prior to the sharp drop. If RIMM drops to 105 or below, is anyone buying?

Over the years I have accumulated series 63, 7, 55 and 24 licenses and in my opinion if you are a trader with a large account and or successful at generating large net profits, then licenses will not add anything to your trading, or help you out in any other ways. However, if you are new to the...

Help. I knew I should have bailed on those RIMM calls this morning when they opened up a point. Now I am screwed until the sentiment turns again, which of course will not happen until I sell the calls, then the stock will go to new highs. Stocks were dropping so fast, that my Reuters quotes...

I bought some of the RULKUs (RIMM Nov 115 calls) today @ 7.85. I see RIMM closed above that 116.41 resistance and is above 117 in after hours, and I am curious to see if it can make significant new highs soon. Does anyone see this stock going over 120 this week? I get really nervous buying...

I am long the APVKLs (Apple 160 Nov calls) at 9.50. They report on Oct 22 after the bell. I panicked and sold the calls that I had a few days prior to their earnings report last time, due to AT&T saying that they sold less iphones than some expected, of course once AAPL earnings came out...

Sold my RULKTs (RIMM Nov 100 calls) at $15.30 on friday. I was convinced that it had gone up a little too much for the short term, as the underlying was way out of the bollinger bands on the 1 year chart. At the time that I sold my calls RIMM was up 12 points on the day, it of course then went...

Kingliam do you see RIMM missing badly on earnings? Shorting them into earnings just seems so extremely risky, that I figure you must have a very strong opinion and some solid info on them missing earnings badly? I bought some of the RULKT (RIMM NOV 100 calls) today at 7.30, thinking they...

Maybe that seasonal weakness in the refiners was just delayed? Supposedly refining margins are shrinking (as of now). I just could not help buying the VLO October 70 puts today, especially after that gasoline inventory build.

I would say it is being acquired actively by some funds. Probably a lot of movement off that citigroup price upgrade to 185 from yesterday.

Are you guys trading remotely with them, or trading from the Michigan office? Previously they seemed to be giving 10 to 1 leverage, when they were under a different name, has that increased?

I got like 250:1+ leverage with a retail account through Assent... Wow that is good leverage, did you have a good track record or put up a very large capital deposit? ok so been a new trader and giving 5000 to start to work plus being trained, what will be a fair and decent offer to accept...

guys thanks for your help. yes I will be a new trader, obviously not active yet and a will receive trainning by the company...my major concern is the 5000 thousand they ask to start. What if I dont like the job after a couple of weeks, what will happen to that money? i mean my monetary situation...

Silk, do you believe that the refiners will stay about where they are, even with pressure from all the ethanol supposedly coming to the market soon? I understand your point about the drop in July, but it seems such a drastic change for them to stay so strong during the fall. Is the country...

Bailed on the WNR 55 puts today, took profits ahead of the oil and gas inventory numbers. Crude oil just seems way too strong and gasoline not as weak as I expected at this time. I am looking to get back into puts on these a little later on. In the meantime looking at calls on RIG in the...

Those VLO Dec 65 puts do look like a good idea. I had some October 70 puts on VLO but sold for a quick profit on Friday when it dipped. I was somewhat worried about puts on VLO since it had some recent upgrades and some of the price targets were above the current price, but with a projected...