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If Osama turned up in my garden shed I could overpower him and get a 25M reward. I checked: he ain't there. Bummer.

I agree. Why give up your job when you can have the best of both worlds. You can start out swing or intermediate term trading. You could trade LEAPS and manage those and write front month calls against them for an income. Good luck anyway. Cheers :D Disclosure: I sold covered calls on...

Seriously, I have no idea what a top daytrader earns. I know the rumours and I'm sure there are some that hit big for a while but their risk exposure catches up with them. I think it's like farming; some years the harvest is plentiful and other years you are eating fluff out of your navel...

100-200k, I reckon I could lose all of that in less than 6 months. Maybe quicker, I am so damn good at losing money.:mad:

Sometimes I get a strange feeling in back, which is when I reckon it's time to get up and do something. Other than that I haven't found it helps me predict the market, left, right, up or down. :D :D

I'm involved in a number of start up companies with the co. I work for and also work with a few VC's, interested to know what you do, can I message you? Cheers

.......By the way I calculate it, and marked at market, I'm now up a mere 25% for the year as of 5/24, but that does include a number of option positions that are now out of the money, that I show open losses on and have confidence in, and most importantly that includes about a 50k open loss...

Well explained, I think.

It's sunny at the moment near Manchester, but I want to short the sun and go long boring endless drizzle. Should be a good arb. :p

Miki, always bloody does when I'm down there. Wish I could trade the weather.:cool:

-Trading is UNLIKE any other business, to the point where it's misleading to even call trading a business. You seem to suggest that a business trying to sell its stock to customers does it by passively sitting and around offering to sell and waiting for an interested buyer to rock up. If you...

Take a look at www.schaefferresearch.com he is the expert in put/call ratios and sentiment. Bottom line is that you are right it is anomoly at the moment. The markets are down but bullishness as displayed by put call ratios are not reflecting negative sentiment. There are many arguements about...

I agree Steve D. A lot of business's hinge around sourcing best suppliers and a liquid market of customers to sell to. You can trade 2nd hand cars with a 100k and blow yourself to pieces. You have to select the most popular stock and compete with all the other dealers to get and then you...

Maybe even less......and it's all so easy.

Unbelievable as it is there are still web sites that are making ludicrous claims of easy wealth in the stock market. This genius www.ezstockprofits.com is selling a guide on how to make 10-25% per month writing covered calls starting with only $500. The secret is to only write calls on...

Real interesting thread this one. My view is that trading is not gambling for one very basic reason. In true gambling games like poker or even coin tossing there are only so many variables (albeit lots of them) to an outcome. No matter how you cut it poker is played with a pack of cards...

In the UK we have a number of CFD (contract for difference) and spread betting organisations. These are firms that offer bets with a spread (bid/offer) for numerous indicies, stocks etc. They lay off bets by trading the underlying. They also run books on sports and weather etc. You can even get...

I am thinking of starting a hedge fund finally. It has gotten to the point that even though I am supremely confident that I can return 300-400% annually, I would much prefer the peace of mind of returning somewhere around 50-100% annually and not going crazy. If I could make 3-400% pa then I...

Stevet, I sort of know what you mean but I think the MER thing is beyond restricting freedom. With freedom comes responsibility and when you are responsible you are accountable. Laws are in place to enforce that. Otherwise people wriggle out of their duty on a regular basis. The speed camera...

Mer are responsible for the advice they give. It is fiducary accountability; if they are advising one thing and believing another then they are not executing their duty. If a doctor tells you there is no cure for your ills and then one year later a cure is found then you can hold the doctor...