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Why not just save up $5k yourself, open an account at a prop firm, keep all of your profits and not risk ruining friendships?

I think one of the main stories lifting this market is corporations have easy access to cheap money in the corporate bond market and they're using it for stock buy backs and m&a activity, both of which remove supply from the market place. Corporate bond managers are more bullish on the...

Oh yeah, and before someone brings up these points... I trade whatever I want, have no volume quotas, and withdraw cash whenever I please. I also keep 100% of my gains.

This is one of my main points why to go prop vs. retail. If you go with a reputable firm, the risk of losing all your money to a firm blowup is miniscule. You think a place like Bright, Echo or Genesis is just going to take your money and not answer the phones? The fly by night, less than...

No it doesn't. It depends on your broker if they want to extend margin on a sub $5 stock. There's no rule saying under $5 stocks can't be shorted.

Early results show promise, but it's a very different type of trading and will require some adaptation on my part.

Yeah, the thread kinda died off eh? For my own trading openings flat out sucked for about 6 weeks up until this week (except the June witching), which out of nowhere has been my second best of the year, and I've cut my size down by 1/4. Oh well, just show up every day and play and let the...

I'm only posting on days when I can beat the king of this thread...:) Seriously dude, you are an inspiration to us all.

No, I've always been on my own. The Swift trade deal offers no appeal whatsoever for me.

I'm a pretty competitive cyclist and occaisional triathlete.

Saskatoon here. All your rain has put our mountain bike trails along the river underwater. I trade remote with a US prop firm.

Of your $5000 in losses, how much of it is from commissions and fees? What rate do you pay?

What, you mean institutional traders in Taiwan don't get a do-over for mistakes like they do in the states? The company is actually responsible for the losses? What a backwards market!

The point I was making is this- If you had a chance to double your account ("make size") on one trade with a 90% chance of success, but if you were wrong, you'd lose all your money, would you take that trade? Again, if you swing very big and aggressive, you had better be right early and...

By balls, do you mean making large bets with big potential payoff, but if you are wrong you risk taking a huge hit? If so, you had better be lucky early and often or you won't be long for this business.

Wow, that is beyond outrageous. Just mind-boggling. Is this the supposedly world-best american system or something from a third world country? The sad thing is that it probably won't get much press outside of trading circles and absolutely nothing will be done. How can one have...

Is the NASD investigating your trading activity? :)

occasionally. Not a main strategy, but I'll put on a good spread if I see one. I've got a few regulars I watch. I don't trade pairs in conjunction with opening orders though.

I put out more than twice as many stocks today as usual, but smaller size on the second list. I've traded openings almost daily for 3 1/2 years now and this is the 14th triple/quad witching I've participated in. My best three days have come on a witching day. The other 11 were average and...

Month to month, I'd say it averages out to about $500/ day. Only works on nyse because nasdaq doesn't have a consolidated opening print and doesn't support the necessary order type (limit on open). They have recently started with something called an opening cross, which sounds like it's the...