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lol 3-4 years as a college student, I lost about 6 grand daytrading. I paid for tuition through working and had enough saved up over the summer again to go at it. All I had in the bank I put down 800 and sent it to 2200. It's come back down about 15%. Changing accounts right now for cheaper...

Commissions so far has equaled about 1/2 my profits ($539)

Good. Hope SEC gets the axe. PDT is a joke.

Rick and David. Thanks guys. I appreciate it. I agree 100%. They're gonna screw me over with money being their only motive. On top of that I never thought of the conventional wisdom thing. That is pretty crazy. I was thinking about writing them a letter regarding that concept and LTCM...

So they can go back to ripping people off with fees and interest? I don't think propping of the credit cycle is such a good idea at the moment. Isn't that what got us into this mess in the first place?

Yup. Agree. Saw someone up against a building last night with just a blanket and rainboots in the middle of 0 degree temps and snow. (I could have helped but I wasn't able to pull over) I don't have too much sympathy for anyone but his family. If that's how money made him feel that's...

Oddly enough, the only good thing I've gained from it is my strengthed faith (yes i'm religious).

10/27/2008 1:47 PM Bought 1UUFKM@$0.45 $-45.00 Executed Detail 10/27/2008 1:18 PM Bought 20SSO@$27.08 $-541.60 Executed Detail 10/27/2008 1:08 PM Bought 40VOXX@$4.45 $-178.00 Executed Detail 10/27/2008 12:57 PM Bought 1AAKA@$0.33 $-33.00 Executed Detail 10/24/2008 3:59 PM Sold 1AAKA@$0.39...

12/17/2008 12:28 PM Sold 1TEPLX@$0.55 $50.00 Executed Detail 12/16/2008 3:14 PM Sold 1TEPLX@$0.55 $50.00 Executed Detail 12/16/2008 2:15 PM Bought 1TEPLX@$0.25 $-30.00 Executed Detail 12/16/2008 2:14 PM Bought 1TEPXD@$0.35 $-40.00 Executed Detail 12/16/2008 12:29 PM Sold 1PRQXJ@$0.30 $25.00...

I'm doing this to make a point and **finishing up with a question**. ANYONE can be profitable. Money Management is as close to the "Holy Grail" as you're going to get. Is it worth it? Why not find something better to do. Or at least not daytrade. I could have better spent my years of...

yup, aside from political posts.....gnome is worthless The game isn't always 50/50. That's the WORST assumption anyone could ever make in the market. You think the market is like flipping a coin? Comon. Get real. I even attempted to match a roulette wheel to this game...

lol I got 10 bucks that says you still fail. There's no 100% edge on this site or anywhere for that matter. Finding an edge is only half the game....... Do you daytrade?

IB is pretty sweet. They're on their way to becoming my next broker once I get everything organized here. Strangles are also another great strategy to use as well. The sweet thing is that if you don't like how high the premiums are for whatever option, just write 1 for each leg and then...

Good question. I've got a few too I would like. I don't know why these brokers don't get off their asses and start coming up with this shit.

Your head is still buried in the sand?

lol you guys are making this really complicated. Gambling. It's cheaper than going to Vegas. Risk/cost is rather minimal for the POTENTIAL gain I suppose. It's a lotto. Personally, they make me lose sleep

That happens at every company. You can't watch over thousands of employees every second of the day. You guys need to get off the computer and get a job. With that said SEC is garbage. PDT is a friggin joke.

Who the fuck are you talking to? You're nuts.

Someone needs to do this....... A broker needs to offer a way to have an option order execute (limit preferably @ ask) based on cash price (like a limit stop). Unless this has already been done....then ignore me :) is this feasible? Just throwing it out there.... :p OCO for...

Man you're sickening. Do you even trade? The minute anyone mentions the PPT, they lose all credibility in my book. PPT isn't holding up shit.