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Thanks Doji but 25k isn't going to break my parent's bank.

You wouldn't by any chance have taught economics at UMBC, would you? Are you that same professor that was teaching efficient market theory and driving a 1990 Honda Civic? Let's see your account statements, oh great one.

I have a decent job and I still attend college. I'm doing this because it is something that I'd like to put my heart into and learn and evolve. I agree with you that a lot of people on ET don't have anything of value to offer, but as you can see in this journal, a lot of people do have...

It probably won't do much good, but I'm putting together a draft letter to send to the SEC and to my congressman. These BS rules do nobody any good. Perhaps some people want to dabble with 5-10k and trade a few hundred shares of an ETF before going all out with 25k. How long has this...

When I traded QQQ options, the funds were made available immediately after the sale. Purchased options came straight from cash -- no margin.

I couldn't agree more. I guess this was designed to make the markets less volatile? However, if I have 5k-10k (whatever) and I want to lose it by trading QQQ, why should the SEC be concerned? This is supposed to be a free and open market for all. It is BS. If I'm locked out from exiting...

inandlong, You are one smart guy. I'd have to say that, unfortunately, most investors don't have the time or trading savvy to actively manage their account -- so they pick what they feel are good long term stocks with solid prospects and put their money into it. There are probably...

Unfortunately I only get to make three round-trip trades next week. However, I am wondering about the specifics of this rule and how IB interprets it. If I purchase 100 shares of QQQ, and then add another 100 shares, and then add another 100 shares and then sell 300 shares, is that...

I read Allen's journal. He does a very good job controlling his emotions in my opinion. Honestly, and I don't mean to sound like I've discovered everything from two days of trading -- but it seems to me that trading really is 90% emotional control / discipline. You could take any system...

I'm not going to stop. I got a little "pissed" at some of the posts on here but then realized that a lot of people just don't like me. Well, F*** THEM. I can't get emotional on ET, either. I've got to keep my emotions under control. I will be just fine as soon as I get in phase with...

Screw the journal, then. I will continue to trade but discontinue adding my trades and commentary.

I am providing my real-life experiences from start to finish for the benefit of people on ET and beginners. Suggesting that one throw their money into the wind as an alternative to learning how to trade is stupid advice -- plain and simple. I have nothing to gain by showing the world my...

This is stupid advice.

His contribution would just get my account to a level where I don't have to get screwed by the SEC. My additional 5-15k of my own money would be the cusion on top of his. That is good advice, though. This is how dreams get made and relationships get destroyed. However, I am determined to...

I just spoke with my father and there is the possibility that he will give me 25k in January. Perhaps I should just do small things do I can add this 5k to that 25k and then get serious about daytrading stocks, futures, etc. I may also add an additional 10k to that amount and work with a 40k...

ES does have a lot of leverage, I will agree. However, I can daytrade three times a week and swing-trade other times. As I get more experience, I will trade ES more and more. I am determined to learn and trade right now. That break-even point doesn't have to be "that far" away. I am...

I have decided to sit today out. I made two trades this morning as maintenance to my option positions. I immediately bought back my short $23 QQQ PUT and then sold my LONG $24 QQQ PUT for a net gain of $20. As of right now, my account is down $400. That is a little better than the 10%...

Immediate fills. Fast execution. Two thumbs up.

I currently own a $24 LONG PUT on QQQ and a $23 SHORT PUT on QQQ. The futures are down and it looks like there is a remote possibility that they could both end up ITM. If that happens, what is the best way to handle the situation commission wise? Should I let the short get excerised...

Oldtrader, I don't think it is alright to lose money. I'm not trading to lose money. If I wanted to lose money, I'd have a lot more fun losing it at a nice casino in Las Vegas. I'm just beginning, so mistakes will be made. The 10% drawdown on my account in the past two days has told...