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You guys are all repeating the rules. My question is "WHY"? What possibly can go wrong if I trade 500 million times aday? Why when I sell, my the money is not there? My point is that it is a silly useless rule. I believe no danger faces the broker if they (SEC or brokers) remove the rule.

Thanks. That should be my plan.

Yes I am retarded How did you know that? I know the rule. My point was that it does not make sense and I did not ask you to repeat the rule to me. MR Genius please explain to me what possibly can go wrong If I trade as I described in my post and what is the reason for that rule.

Thanks but you are just repeating the same rules that do not make sense. I have 50K and I should be able to do 100s of trades a day as long as I sell my previous position before I get into a new position unless my broker is not sure whether he will get his money when I sell my shares :D

I modified my post and cut the bones and only left the meat. It is less torture now I believe

I have a brokerage link account linked to my 401k with Fidelity which allows me to trade any stocks or options without having margin which is acceptable because it is a 401K account. It does not allow shorting a stock which is also understandable because if a stock which you are short goes up...

So what is wrong with paying a small commission and tarde what you want and not be restricted on 25 ETFs? If you don't mind on paying 2 cents extra, why not just pay the commission. I also agree with you that if you make a good trade, market maker effect won't have any effect. The things that I...

I was WRONG !!:mad:

Exactly. They will sell orders on the floor. Thanks. I am with IB and I am a Fidelity hater.

I was also one of the believers that market was overvalued before this correction. While I don't see the market might easily break new highs except some individual stocks, at the same time, I don't see any big reason for market crash or meltdown. Investors who did not get in the early recovery...

I did not say "day trading" . I said "swing trading". Give me a week. If I am wrong, I will admit that.

I did risk recersal on GS. I sold PUT 150 and bought 165 Call with $5 credit so I am fine till $145. If you just wait enough, you might get a better entry or lose the opportunity. Almost 100% of the time I trade options on the stocks that I mentioned. I believe Risk reversal is the most...

You nailed on the head.

Boy I was right again. Yesterday was a good day to buy. I am not proud of myself. The reason that I was right is that I have been cheated by the market (media) many many times and I know when everyone calls double digit recession, it means it is the end of the tunnel. I don't say that we are not...

I am 49. I am not that young. What I meant was how you would feel if tomorrow market rallies and what you hear on media is something like this : "Well we had a healthy correction and things are looking good and market will rally from here,..."

I don't believe market will go to the roof but today is a great day to buy for swing traders. GS, AAPL, ADI, TXN, INTC,....

A great stock to get in is ADI. They had a good last Q and they had a good outlook for this Q (will report Feb 17). It will be over 30 again. I believe the best way to trade ADI is: 1- buy the underlying 2- Risk Reversal (Sell 27.5 PUT and buy 30 call with over $0.4 credit). This stock is...

Does it mean that it is time to trade it as the market sentiment on Nat Gas is flat? You will not lose any money because of contago effect as it used to be 4 months ago.

It is in voting phase. The suggestion is: It would be nice if you can create sub-accounts in your accounts to try different strategies like. 1- Safe 2- Risky. or option and stock The intention is to try different strategoes in separate sub-accounts .Each account will have its own SMA and if...

I am trying to use charts in TWS but I don't like the way it looks. I like to have colorul chart with green bars when it is going up and red when it is going down. I am using daily 3 minutes interval charting. What I see is attached. An I doing the wrong settings?