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You want a prop business plan? Hire a bunch of people. Have them trade on a sim account but don't tell them it's a sim. Take the opposite of their trades in a real account. Most of them will blow their accounts (and you will make money from taking the opposite trades). The few who do...

If you have a $5,000 account and your position size falls by $5,000 (which would be 100 points on a single ES contract) your account would be worth $0 and it would be closed. This would probably happen somewhere closer to $2,000 as your brokerage probably won't let you have any open ES...

What are the chances of GLD or SLV defaulting?

6/6: SPY: -$456 9 days until ex-dividend date Net for this trade: ----------------------------- -$456

You can day trade futures without any PDT rule, but futures force you into using more leverage than you may be comfortable with.

I'm referring only to GLD and SLV. Can they be trusted? Good idea about the fake safe.

Question: Why is there a difference in price between SLV/GLD and the metal futures, and the spot prices? Do they not track the same?

Let's look at Silver. I'm looking at jmbullion.com (randomly picked) this time instead of apmex because Apmex is clearly a ripoff as mentioned in the previous post. A 1oz silver bar is $30.28. Their site lists spot price as currently $28.88. Price has to go up over 4% before you break...

Some of the markups for buying phsyical gold and silver, at least online, are attrocious. Especially for the smaller amounts. I was on apmex.com. You can buy a 1g gold bar for $77.25. It is worth $53.19. That means gold has to go up over 40% just for you to break even. Obviously it...

Agreed 100%. They will use excuses like "even if you give someone a profitable strategy, most people do not have the psychological aspects necessary to trade it." That may be true, but none of them has given anyone a profitable strategy anyway so it doesn't matter.

6/5: SPY: -$2,776 10 days until ex-dividend date Net for this trade: ----------------------------- -$2,776

Start your own thread and accurately predict week/months. I'll sign up for your newsletter or whatever if you are accurate.

I'm not quite sure yet, since I've already changed up my entry and position sizing a bit on this trade. The next buy will definitely be no lower than 120. Right now I am looking at 120 but I may buy a bit higher than that. Position size will be at least 800 shares.

6/4: SPY: -$3,552 11 days until ex-dividend date Net for this trade: ----------------------------- -$3,552

I would average into FB like crazy if I was convinced it would rebound.

It's hard to make a living trading. Most of the people who write trading books do not make a living from trading. It looks really easy with their charts and indicators and "oh, I go long when MACD does this," but the books usually don't mention the equal number of times when it doesn't...

The next ex-dividend date for SPY is 6/15. I'll probably still have my position then. I saw someone estimate that the dividend will be $0.75 per share. I have no idea how they estimate that but that would be a nice dividend.

What is the definition of a "crash" in percentage? If the market falls heavily on Monday I will continue to buy more SPY.

Well, I cannot predict market direction. I wonder if *weekly* predictions would be easier. I don't think anyone can predict it to the day. Well, I mean, the scammy "gurus" can. I've never seen a "guru" who is profitable or has any profitable followers, although I've seen a bunch of them...

I'm curious to hear if you ever have time to share your secret knowledge.