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In the most basic sense, that's true. But where does she want to go involves more than just that. She might want to trade for additional income and that could be as easy as some covered calls for some extra yield. Or maybe she wants to be a day trading giant like many of those who post here...

You don't decide to start trading and Voila!, it works. Given that something like 90% of day traders blow out, don't encourage her. Speedo succinctly summed it up: "Unless one is willing and capable of expending considerable time and effort and can endure frustration and failure along the way...

Can you elaborate on that?

I'd suggest that you avoid all of the obsessiveness and radical dietary changes. Skip the daily weigh ins. Once a week is plenty and only in the morning. Changing your lifestyle gradually will be more successful and less stressful. Substitute complex carbs for simple carbs and bump up the...

When I finished graduate school in 1978 and had a regular check coming in, I began investing into half a dozen DRIPs that offered a 5% discount on reinvested dividends and for some, 5% discount on new cash as well. Citibank, Chase and other beaten down Keating S&L crisis banks were really good...

I think that with a list of books that long, he might benefit from a link to The Dewey Decimal Classification System. It's a shame that my Google is broken otherwise I'd help. :D

You never "know" anything. If you buy something, it could be the top and you lose. If you short something, it could be the bottom and you lose. But if you stick your toe in the water and it works, try a foot. That's what transitioning means. I suppose you want something more technical (and...

My reply was based on the assumption that one is getting fair price execution from whatever broker one is dealing with. If there's PFOF or some other reason for a sub par fill then that's a different story. 500 shares round trip at IBKR costs $5, as long fills as fills are 200 shares or more...

"Options as a Strategic Investment' by Lawrence McMillan. If relatively new to options, you can get a used copy of an older edition for under $5. If you want all of the bells and whistles, pick up the latest edition.

1) Buy & Hope doesn't work very well when the market loses 50+ pct over 18 months. 2) DCA facilitates the recovery if/when it occurs but you still take the beating on the way down. 3) Next in line is transitioning to cash and avoiding some/most of the above. 4) Buy long puts or inverse...

For the every day Joe, IBKR's low rates (50 cts per 100 shares) are better for <1,000 share orders plus the ability to scale in and out. The $4.95 flat rate guys are better for larger trades. So best commission depends on the nature of your trading.

During the GFC I only had one ISP. Because of the volatility, it was not unusual for me to have 15-20+ open orders at a time. My ISP went down and I was a bit freaked. Since then, I have carried two ISPs and consider the add'l fee to be the price of peace of mind (whether it be my ISP or IBKR down).

Talk about knowing the future is nonsense and achieving a 100% return per year is rather Walter Mitty-ish but it's not unrealistic to achieve outsized gains in a bear market like 2000 and 2008. If you do this long enough and get comfortable with trading as well as managing risk, it's doable.

I've been doing equity options for nearly 40 years but never even one single index option so yeh, I'd like to hear/read additional discussion about this. Even this old dog is interested in new tricks...

Boat loads of money, yacht, blabber, heist plans... And you're not being sarcastic? FSU was kind enough to share a strategy that works for him and that's your reply? What's your problem?

Right here on ET this week I learned that "If you hold until expiry you're guaranteed to keep 100% of the premium - talk about edge! Sell, sell, sell!" Now how much money did I make for selling this WATT straddle ????? :D

LMAO. I have no smart ass retort for that. :D

I'm not sure that my healthy heart could survive that stress test. Since I'm a down to earth, reasonable guy, I'd settle for low 7 figure payoff. I'll leave the big fantasy to you... :)

It may be one of the most enjoyable experiences that one can have with clothes on.:D

During the GFC I only had one ISP. Because of the volatility, it was not unusual for me to have 15-20+ open orders at a time. My ISP went down and I was a bit freaked. Oddly, the fills I got during the outage were in my favor. Murphy's Law dictates that such fortune should not occur. Since...