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  1. M

    How much was your highest intraday trading profit?

    I think it was 2005 had 7000 shares of SRPT at about $8 ,i think it was a Monday and they were looking at getting approval for their drug for DMD. On the next day the stock was up to 46 ish at open i sold out around 38 a quick $210,000. It dropped right back over the next while and i missed the...
  2. M

    Is experience at a prop firm required to be a successful retail trader?

    It sure does help as there are others there doing the same thing and you can pick up on good ways to trade
  3. M

    Daytrading becomes more difficult because of algorithmic trading?

    It's not as good as the 90's book when there market kept going up every day. The market has changed and is more volatile from day to day so depending on news. There is so much more information out there to assist trading. Many algos scan news feeds and Twitter and try to lead the market on...
  4. M

    What causes a security price movement?

    There are always 5 people (or computers) in a trade. One has a bid, one has an ask. One can buy at the ask, one can sell at the bid , a mm can have a price between the bid/ask. The price is in equilibrium when there are no trades. When a block of stock is offered for sale at market then the bid...
  5. M

    What brokers allow you to make single order option spread trades?

    Tdameritrade and thinkorswim easy to set up the vertical Shows the limit spread, select what you want and send. If you don't get the trade you can walk up the limit until You get the trade.
  6. M

    A real trader posting real trades to benefit newcomers.

    Here is a quick trade Friday morning on NBEV. 09/21/18 9.32.42 BOT +500 NBEV @8.4884 09/21/18 9.38.49 SOLD -500 NBEV @9.702 Net $606.80 Not bad for 6 minutes $100 per minute. On TOS , NBEV went nowhere after that but the initial rush carried it up nicely.
  7. M

    Day trader looking for others

    http://www.premieretraderchat.com
  8. M

    Options order entry system - your preference?

    It's just all or none, you get both at the same time. You have to be covered to do the sell, so i guess you could put on the buy first and then try for the sell.
  9. M

    Options order entry system - your preference?

    With TDameri and thinkorswim i set up a spread at the minimum limit shown on ''mark' (price between bid/ask) and place the limit trade. If it gets picked up by the ecn at that price then great if not i adjust the price a couple of pennies and replace the trade. At some point the spread trade...
  10. M

    New to Option and need advice

    For options the best piece of software is thinkorswim. Has all the Greeks and other stuff. You need a couple of strategies. Start with trading NDX the spread is from 10 to 25 Select the vertical view in the option list it will give you the cost to put on the spread. (If will also give you costs...
  11. M

    How do you understand this options trade?

    PDLI pretty range bound 2.40 to 2.50. You wouldn't want to do a debit spread for .40 to maybe make .60 out of the $1 Spread. So it would be a credit spread to net $39360 hoping the stock drops back to $2 And runs out of time. If the stock goes to 2.50 he may have to buy them back at s loss of...
  12. M

    Trading rooms for beginners at swing trading?

    http://www.premieretraderchat.com
  13. M

    Success stories: From 2K to 430K

    Bought 5000 sh TNDM in march for 3.95 what is it now. Sold and rebought many times
  14. M

    Is it possible to make 5% a month in stocks and ETFs ?

    Buy TNDM back in mid March at $4 buy 5000 shares work out how much that is today!
  15. M

    How do successful option traders do it?

    Go to option alpha and look at their spread trading. 70% implied volatility only. Use thinkorswim best options trading software.
  16. M

    master Python programmer?

    Pycharm is great for debugging code and fine tuning it with timings. Stackoverflow has s lot of food examples between panda and numpy , With some discussions on speed. For backtesting thinkorswim has a lot of analysis and you can choose your own.
  17. M

    Best Time to Buy Strangle/Straddle

    Watch the stocks that have earnings amc and bmo (after close and before open) Look at options 1% on either side, if they are cheap i by a call and a put. Some of the expensive stocks like FB are not cheap, but the recent $40 drop would have made a killing on the put. You need to find something...
  18. M

    Does anyone know how to consistently win doing daytrading with stocks?

    You do realize that stocks go up and down i assume? Do you know how to pick a bottom or a top. Do you have level 2? Do you have good intraday charts? Do you watch volumes and pivots? Do you have cheap commissions flat $2?
  19. M

    The secret of daytrading

    There is no secret just hard work building your trading plan for every day of the week. Mondays are different from Fridays each day has its own secret approach to trading it . Of is a good news bad news day.. Before market, on the open, 10.30 bounces, 3.30 bounces you name it. Each is a secret...
  20. M

    Repair Strategy for NFLX Short Put

    In general for earnings with something like NFLX buy a strangle somewhere less than 1% away from the price. Bad earnings price should drop less than 1% and same for good earning on the plus side. DS the call or put difference should make you $. If the stock has been down for a while then good...
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