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These so-called experts also missed big. Actually they are shooting the wrong target. In the testing website you always have to choose betwen the two graphes each time, even though you are not sure most of the times. This is not what pro traders do in reality. You don't have to be in market all...

You: Score=1.0251, Percent=41% (74 / 179)

If you work at the trading desk of a IB and if the ask price of an option is reasonably low you can always sell it yourself, right? Option is different from stock in the sense that stock's supply is limited and to fill the order of 100M shares you have to find the shares from other people, but...

Open an account at Think or Swim and you will get all these. They are best broker in options.

GFI

This is stupid.

Who are market makers? If I have an account at Think or Swim, can I simply call them and let them be market maker to give me a quote?

Look, 5000 is just a hypothetical number. I am simply curious about how the market really works, or whether it's not working at all , since seems to me option marekts are really too thin, even a lot size of 100 will be too large for many stocks.

Looking at quotes for options, seems most options are thinly traded, and bid/ask sizes are usually very small, and bid/ask spread big. So my question is this: what if , say, I want to buy 5000 contracts of call for one specific stock? Obviously I can't hit the ask using market order since...

Totally agree. This could be recorded as one of the more stupid war into history books.

Does SC also has the backfill function from DTN market as Ensign provides for free now? IB's historical refill is too short.

If you want to continue having your lifestyle now you would be better off getting another job. If I were you and want to do full-time trading I will rent a cheap studio and plan to live on no more than 2K per month. You should never count on trading profits to pay your living expenses. That...

Isn't it true if you classify yourself as a 'trader' you only need to pay capital gain tax on your day trading income even if you are trading stocks?

IB chart is way too ugly and offers little way to adjust. Also, you can use Ensign or other software to practice playback, which I find very useful.

That's excellent advice! Actually I would start from 10 spy !:cool:

Please, make the chart a bit prettier. They are really too ugly and there's no way to adjust them. Also please provide 1 ,2, 3, minute bars on 2, 3, 5 days charts. Now we can only see 1, 2 minute bars on daily chart.

Ensign is the most cost effective charting software if you use IB. You can also practice in a simulation mode using their playback function. Since you only have 31K, I suggest you deposit only 10K initially, since you are more likely to be losing in the beginning. And only when you lose you...

Sure, they won't give any margin on long options. But what about naked long or naked short stock?

Just wait for a few months, soom the 50% margin rule will be replace with risk-based margin rule, which should be significantly lower for your strategy. One example: if you buy IBM at 100 and buy an IBM put of 90 as protection, your margin will be calculated as (100 - 90) * 0.15 = 1.5, instead...

YM futures AH drops 48 points now. Asian markets all drop big. Pretty weird, sth is happening.