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i have traded options and funded different accounts over the years with at least 5 different brokers and it really is giving them your money and saying you understand the risks.

Portfolio margin requires you to take a ridiculous multiple choice test to qualify (with most brokers I believe). You have to pass the test

I promise you if you have the money and have enough intelligence to know how to answer a multiple choice test you are good to go. I know a fellow trader who was given a couple of chances to "revise" his portfolio margin answers so he would qualify.

If you mention that you are an elitetrader poster I believe you get in no problem.

You are being sarcastic right? Because in 1999 Wade Cook explained the "rich man's secret" the covered call. I opened an account knowing diddly about options except that I was going to be conservative shooting for 5% returns a month. Even the test to qualify for portfolio margin was pretty...

Holy crap, not only the laugh but the 1983 touchscreen!!! I think at that time I thought my "Simon" was the pinnacle of electronic gadgetry.

I think it is deeper than that. I think they are watching me and taking the opposite side of my trades. That is the only thing that can explain my lack of stellar success in the markets. I bet they are watching me type this and they now know that I know that they know what I am trading. In...

Making a nickel here or there isn't really an edge. And good luck trying to do it for size. Besides what I have found is that you typically have to let the deep itm spread expire to collect since it is very hard to get a good price to close out.

Maybe he should roll what is left into zimbabwe currency? No way that stuff can go any lower and he could change the thread title to "From $10k to 1,000,000,000,000zwd in three days"

I don't plan on running out and trading them, I am just curious how they work. What determines the higher vs. lower price? Who buys these smart money or retail traders? And if there is one side that buys them is there a way to monitor the pricing as a sentiment indicator (if it is cheaper to...

If Warren Buffet had posted a bunch of instagram pictures with him dancing around stacks of 100's and making it rain in strip clubs then yes I would make fun of him if he came to ET and told everyone he was going to turn 10k into 100k in 6 months only to blow out in 2 days.

Disregard my last question. More specifically, if I am looking at it right they are listing a $100 payout for rise/fall of the SP500 tomorrow close. It costs approx. 57 if it closes above or 49 if it closes below. How did they come up with the costs to make them so different (assuming 50/50...

Stupid question I know but I have never traded binary options. What goes in to determining what makes a worthwhile trade? Is is purely a technical viewpoint (where the instrument is going or not going)? Or are there other inputs that determine what you trade (like vol. in vanilla options for...

That's the problem, 10k is just folding money for him. I recommend we supersize this challenge. 100k to 1m in 6 months!

Maybe the OP could start a new thread "How to take $900 to $100,000 in 5 months and 28 days"

Ex dividend tomorrow right? I don't trade apple but thought they had one coming up.

I would post mine but the number is so large it just shows up as a bunch of xxxxx's on the blotter. Soon as they update the software to allow for 10 digits I will post here.

Well in his defense I remember the time I thought I had the keys to the market and I could trade a butterfly with special adjustments in any market condition. I was so giddy I was telling everyone who would listen that the edge is in the adjustments. Then the market did something it hadn't in...

Kudos on turning the trade in to a riskless vertical but you might want to see how much of it was the market moving in your favor vs. artful adjusting. One note from your video, the day step tool in the TOS platform is meaningless if you don't adjust volatility (and even with that still is...

I have learned not judge a book by its cover and I have seen traders that can trade in a way many can't. I just can't wrap my head around what trades to take, when to exit (win/losing) based on what you are showing. I guess we all need to take ideas and make them our own to be successful. I...