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Thanks, Sandy. I traded options for about 2 months now. I made a $2000 account into a $600 dollar account, but the experience was worth learning from. From now on, I don't hold options for more than a day. I realized that holding options is a loser's game. I now day trade them. If I...

I wanted to sign up with IB, but my money is not good enough for them since they don't accept option traders that are under 21. I want a broker that doesn't charge 10$ + .75c per contract each trade like Ameritrade does. Drop the 10$ and I'm in. Any good brokers that charge up to 1 buck...

LOL. No, I already have an account with Ameritrade. But when I try to register with IB, I select options and it tells me that I am not 21 yet. I can select stocks and it goes through okay. I called CS and they told me that they don't allow under 21ers to trade options. I could get my...

IB won't let me trade options because I'm under 21. I can't believe this crap. I have a cash account on Ameritrade and they let me buy options. Before some wiseass says "then don't...", they STILL have no right to not let me trade options with them as long as I am 18 years of age. Or am...

lmao

thanks for all the replies guys, and especially Brandon - great post man! I guess I'll have to start and see what its like before I can really 'get' it....but the replies here definitely put me back on earth.....thanks!

Thanks for such an informative post, JB3. I think you hit the nail on the head there, as someone already said.

Thanks for sharing man. I also saw the P/L move as the stock moved. That was the most exciting part for me lol. How about now if you dont mind sharing? You're still in futures or you trade equities too?

Thanks for sharing lucky! I see how the same could happen to me at some point in the future, it's all up to me though to make sure it won't! So now taht you're more cautious and knowledgeable, you're prolly much more consistent profit and emotionally wise?

WOW. Talk about what happens when you get too overconfident and fight reality. "Revenge trading" lol, first class idiotism, but I'm pretty sure most, including me, would be susceptible to something that. Thanks for the heads up!!

Yeah Brandon, I realize that I should really tone down my optimism and play it safe.... What was your experience trading for the first year if you dont mind sharing? Did you trade retail or at a prop firm? Thanks!

Thanks a lot for the advice, bespoke!! I'll definitely keep that in mind! Like I said before, I'm having these thoughts that it was all probably just pure luck and it's not nearly as easy to make money in trading.

Thanks a lot, neveral! Will do. I've got quite a few books about technicals and trading actually so I've got plenty of reading to do in addition to the training I'll be getting at the firm.

Thanks for the input!! Do you reflect and see why it was that you made money the first 3 days and then your trading went south? I would really appreciate it if more traders would chime in and share their experience. I have this funny feeling that I'm so totally wrong that I got no...

I appreciate your advice....you're absolutely right! But if we just focus on how the market has got us by the balls and fear to make a move just in case we'll be wrong, we'll never make any profit. When I was simulating and I saw an opportunity materializing itself in a stock, I once waited...

I'm new and confused because almost every post I come across here regarding income says it's very hard for a new trader to make money the first year or so. I did some simulation trading when I was interviewing with a firm and it seemed to me so easy to make money there. I had about 5...

I'm in a similar situation to him? Why are the odds against us? I thought that as long as there is market volatility, traders have got nothing to worry about? After all, I couldn't care less if the market / stock I follow goes up or down, I'll act accordingly to profit from either move...

it's not like they will really have to print them. it's just a figure of speech. they'll just type in a few strokes at their computers, hit enter, and VOILA! instant credit! they didn't stop following M3 for nothing.

that bubble would be the current administration acting in unison with the Fed to print more and more money to prevent corrections from further taking place, which in their warped view, is a big no-no until we get to the point where bubbles inadvertently begin to form again in all asset classes...

I hate it when people criticize and then fail to elaborate on it. What is conspiracy about what he said? He perfectly summed up in basics how the debt-based economic system of ours works.