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Retail trading should be your second stream of income.

is currently on sale on Amazon Kindle for $1.99 If you haven't read or own Trading in the Zone by Mark Douglas you are missing out.

thanks for this. i'll remember this next time.

Bwahahaha! that is with time decay? I'm not sure to laugh or cry. I think I'd rather just laugh.

No sir! All out before market close on the same day :) I coulda shoulda held on but it was my first option trade and took the relatively nice profit when it presented itself. What would my trade be valued at today, if I had held on? Many thanks.

@lindq First and Last option trade I ever make, lol. Too many variable to consider, if I had just shorted NQ today which I would've if not for messing around with FB, I would be a happy man.

@ironchef thank you. it was a simple bet that FB falls on the Cambridge Analytica news - I am a short bettor on futures mostly because I like the velocity of it going down rather than a commodity trickling up. I will not hold until expiration because I know of the decay. Thank you for your input.

@El OchoCinco it is a real trade, if it was paper money I would've put on 500 contracts which I have in the past. I decided to short FB today knowing the bad news, I will not be surprised if it goes as low as $165 before Friday.

Thank you @Lee- for the detailed explanation and education. It will come in handy going forward. I still intend to lighten my position this afternoon before market close. Unless this is a Valeant or Enron - which it isn't, I guess its better to take profits quickly and exit.

Thank you appreciate it, seeing a nice profit now, when I put on the trade, I realized I could not lose more than $2200 on this trade which is well within my risk profile that my account can handle. I am going to take half off at the end of the day and let the rest ride for the next week or so...

I don't even know what that means, this is my first option trade and i have done some reading before putting on this trade. So as I get closer to the expiration date or with every passing date, does my probability of making a profit become smaller?

ha ha seriously? so if i held it until April 18 and it was trading at $150 then, would I still make a profit?

I just put on this option trade. Expires April 18, when should I exit to make the most profit? Thanks.

I have been thinking about doing something like this or looking to join a community of traders as well for a long time. I have been trading for 9 years now, I only trade Crude Oil and it can get awfully lonely trading by yourself not having a community to share ideas with, talk to etc. I am...

Its reaction to the FBI investigation into Trump. The market is skittish that he could be on his way out. We need another 10 more days of this, a nice 200 point pull back in the ES would be great.

http://nymag.com/news/articles/reasonstoloveny/2014/mohammed-islam-stock-trading/?mid=nymag_press For those that don't know. Stuyvesant High School in Manhattan is for super smart kids. Rumors, on wall street, can be powerful. A whisper can turn into a current that moves markets, driving a...

the simplest strategy is to buy or sell with the trend. seriously. this is it. does not get any simpler.

I am talking about trading futures, all of them Oil, Gold, ES, I get super slow fills on my order, at least 1 to 1.5 seconds after I click on price or send a limit order by that time price has moved significantly. Not happy.

I have been getting extremely slow fills on TOS. Its almost close to 1.5 seconds after I click the mouse that I get a fill meanwhile price has moved down to the bottom of the bar and slippage is considerable. Trading on a cable internet line. Anybody have this problem?

Take the investment banking job. Its a lot easier than trading your own account and you'll make a lot more money. You can always trade your own account on the side or retire after you have $500,000 saved up and trade your own account then. This is the best advice I can give you. I hope you...