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I still have some of my puts. It's a bit of a pyrrhic victory though given the battering I took in Feb. Timing is everything.

Why?! Geez.

Rob, Do you know what caused it??

Yes, I know we had a fast bear market in Q4 2018. But it seems like CBs worldwide learned this lesson and now preventing another one from every happening again... This is so against the nature and cycles of markets...

So December 2018 and Jan 2019 I was doing well. Then in February, I had the stupid idea that we might be topping and started buying puts. I gave back all of my gains. Stocks that gapped down reverted and headed higher. I thought shorting(indirectly via puts) a downward trending stocks would be...

That's been my plan... :) Thanks for reassuring and confirming that idea.

I wished it was that simple. I have guaranteed six figures income before taxes. The work is interesting and I utilize a lot of different marketable skillsets. If I were to commit to trading ft then it needs to be 7 figures to make sense. Else it's just too risky. To give up a good paying job...

I'm approaching the point where my work is interfering with me making money. LOL. I thought I would never say this. Since I mainly only trade an hour in the morning, I have to cut my positions holding time short thus curtailing the profit potential. Or if I hold longer and I'm in a work meeting...

Another update. This week has been tough! I gave back a lot of gains and some! A lot of learning experience. In December and January, I was trading options actively and was on a nonstop winning streak. But this week I made a series of clerical mistakes on Robinhood and also I traded stuff with...

I got totally raped by RH today on option trade! The price I got filled is so far from the market price it's not even funny.

TC2000. Nothing exotic. Plain vanilla stuff. It's how you trade the setups.

I can have a FT job, but I will need to form an LLC(entity) and trade through that to get TTS tax advantages? My current taxable account is NOT under an LLC. So I need to create an LLC and open a new account or move my existing trading account into that LLC to qualify? Frequency and size of...

I can have a FT job, but I will need to form an LLC(entity) and trade through that to get TTS tax advantages? My current taxable account is NOT under an LLC. So I need to create an LLC and open a new account or move my existing trading account into that LLC to qualify? Frequency and size of...

I bought one already. That's why I was able to make the good returns lately. :) The monthly cost of the scanner is a pittance compared to the trades it has scanned and helped me identified. Obviously given an inexperienced trader the same scanner, I'm sure the results will not be the same...

NOT 5 PhD! He has 4 degrees. A few masters. I have friends who have multiple graduate degrees. Not a big deal. "BLOOMBERG MARKETS: When people look at your CV, one of the things that pops out is that you have four degrees—in politics, economics, law, and business. Why did you choose to take...

I basically daytrade every single day this year AND I also hold a FT job. Do I qualify?

Basically. It's pretty nice job that pays more than the bills. I think of things from a portfolio management point of view. My job is like bonds/fixed income instruments. Steady and sure. My trading is like higher risk asset classes. You need both in a portfolio. :)

Job is going great.

I would agreed with @fan27. Get a JOB!!! I started trading in 2001. I was in prop trading full-time from 2001-2003. Then went back to Corporate America. After that, I didn't want to trade anymore. I just focused on my career. Then I traded off and on on the side with stretches of many years not...

I'm not self employed. I have a normal full time corporate job. So will my capital gains from trading ont he side count as income?