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I made 10% in 6 days two weeks ago. It was simple. If you trade a stock like NVLS, which is trading around $30, and often has a trading range of $1 from low of the day to high of the day, that's about 3%. If you catch that movement in three days, that adds up to about 10%. But you said 6-8 days...

My guess from the memo about cancellation fees is that it means if you place an order to buy 1 option contract, then cancel that order, you will be charged 20¢ for that cancelled order, instead of the $1.20 you would be charged now. If you place an order to buy 2 contracts, then cancel that...

I don't know the exact numbers of how many people trade for a living or how many people gamble for a living. What I do know is that some people do trade for a living, and some people do gamble for a living, and there are some people who do both. I don't know any brain surgeons, but I do not...

Keep it in cash, and leave a will with your family. If you won't go to cash, then go long oil, and short human life. Oil is not about to get cheaper, but human life is.

Wow, a quote from Stalin and a quote from Einstein in the same post. Was the Curtain separating the Soviet Union from Western Europe ironic?

The doctor is IN Other helpful assets are: a security blanket your own dogdish a bust of Beethoven a great pumpkin a little redheaded girl to dream about 5 cents pleeeeeeease

Yes, it is possible to be successful over the longterm trading/gambling. The person who achieves this is a rare person. Most people couldn't, and that's why they work at jobs or steal to get money. But if you have the right kind of mind for it you can succeed at gambling or trading. I personally...

I have been told by people on here that saying you are an experienced poker player on your resume is considered a big plus when interviewing for a job at an investment firm. Yes the same can be said of playing casino games: Strategy and risk management are the keys to consistent profitability...

I've been trading Single Stock Futures for eight weeks now. I've made 50% profit in that time on them, and that's without trading very aggressively. Rarely am I leveraged more than 2:1. I'm pleased to see that they have their own forum here now too.

Yes, SSF are not currently subjected to the S.E.C. daytrading restrictions. You may trade them as much as you wish. (p.s. we all like to kid. But we all make typos too)

Honestly, I went to the recycling center on tuesday to see if I could get an old free computer that might work better than mine. I got one that works, but my mouse doesn't plug into it. I'll probably get a new one soon, unless I can get an old style mouse plug.

My computer is a moron. I find myself shouting obscenities at it. It's too stupid to care, even if it could hear me, but it is this absolute density that provokes me to profanity. I'm lucky my idiot mechanical servant has even allowed me to access this website today, after two months. Who knows...

I do both trading and gambling, and I very much do liken the stock market to a casino (see my signature). In fact, I have never said to anyone "I do securities trading", but "well, I'm a gambler" is exactly what I have told people, long before I ever got into the casino side of it. Perhaps...

It's not a bad approach, it lets you get in right at the open, without having to try to predict which way the market is headed. Of course, when you decide to close out one side, because you think the move is ready to reverse, you pretty much find you have the same account balance that you had...

I don't suppose Bill Gates has expended so very much perspiration, but the ability to mass market an idea as successfully as he has can be described as inspiration. Surely it is at the very least a financial inspiration he has exhibited, which is something anybody in this thread should be...

I really need to research the trailing stops, bracket orders, conditional orders, etc. I was thinking when I wrote that about trailing stops that they were only triggered by last traded price. If they can be triggered by bid and ask then I can probably use SSF to trigger trailing stops...

Other advantages: as far as I know, at this time, there are no exchange fees or order-cancel fees or order-modify fees with SSF. And you know what? Everyone's afraid of trading SSF's because they think the bid and ask are too wide at 8 cents. But if you take my advice, and don't place buy...

It's all about the trailing stops. You don't place sell orders at all. The trailing stop is your sell order. So, if I buy at 33.20, I don't place a sell order at 33.50. I don't try to guess where the peak will be. It may go to 33.80, it may go to 34.00, it may go to 33.97, it may go to 33.61...

Single Stock Futures. They started trading on November 8, the day after that conversation about Watley. There's about 100 widely traded stocks that have single stock futures you can trade, just like 100 share lots, without Daytrade restrictions. www.nqlx.com is one exchange...

And, ironically?, that was the day before SSF started trading. With a profitable record of trades, you should be able to get hired by other firms. And if you've had it with the prop deal, why not try the SSF. The point being that you don't need $25,000 to trade them without PDT restrictions...