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I will never invest in crypto. It's not fiat currency. It's too volatile. I've been burned badly after buying crypto miners that malfunctioned and I couldn't get a refund.

Hi all, I recently read The Way of the Turtle by Curtis Faith. I read in an interview that Richard Dennis turned $5000 into $100 million. How much leverage do you think they used? 20:1? 4:1? Did they use options? Thanks

Stanley Druckenmiller, who is featured in Jack Schwager's "The New Market Wizards" said in an interview that the maximum amount of leverage a futures trader should use is 4:1. Do you agree? What do you consider to be too much leverage?

I'm not trying to be obnoxious. I'm genuinely sorry.

Thanks for the reply. I have a cash account with well over $2000USD but it won't let me open a margin account. There's no option to open it in the account settings area.

I'm sorry that I've dishonored this forum. Please forgive me.

Hi all, I would like to sell Cash Secured Puts but from my understanding, this requires a margin account. I've looked everywhere on Interactive Brokers website, my account page and on Google but I can't find an application page. I can see trading permissions but that's about it. Can you please...

But isn't it the cherry on top, so to speak? Let's say the SPY appreciates 10% in 1 year, and I make additional income from selling calls. According to OptionStrat, I can make an additional 2.5% a month (in terms of capital at risk). That's 12.5%. This is better than buy and hold.

Sorry, do you mean a long synthetic future (long call and short put at same strike price)? I notice that time decay is minimized with this trade. With regards to premium being too costly, there's always the TQQQ. The drawback is that it's leveraged.

Thanks for the reply. One of the things that I've learned about writing covered calls/wheels flies in the face of what I've learned about dealing with realized losses and unrealized losses. William O'neil, who was the founder of Investor's Business Daily, said that unrealized losses are no...

Hi everyone, I've been exploring selling covered calls on the SPY for income. I've recently discovered how powerful selling covered calls or writing CSPs are for generating income. This strategy is appealing because I can make income in both bull markets and bear markets. If the ETF goes up, I...

Hi everyone, I'm interested in scalping BIL and SGOV. Both ETFs have relatively predictable price patterns. The current asking price of BIL is 91.64. Today's trading volume is over 9.8 million shares. Can any of the scalpers here please tell me how likely it would be for my order to get filled...

Hi everyone, the SPY had a Golden Cross on Feb 2. Historically, this cross of the 50-day and 200-day SMAs has led to significant advances in the ETF. According to a SeekingAlpha article: "The S&P 500 has been higher 15 out of 16 times that this has happened 12 months on, with the average return...

Thanks for the reply. The formula I used to calculate my margin interest costs came from Investopedia How Is Margin Interest Calculated? (investopedia.com)

Please correct me if I'm wrong. Let's say I want to buy a $100,000 1-month Tbill on margin. IB Canada's margin interest rate is 5.8% To calculate how much it will cost me to hold a 1 month Tbill, I simply do the following calculations 0.058 x $100,000 = $5800 I then divide this result by...

Thanks for the replies everyone. It looks like trading Tbills on margin won't work. What about trading leveraged CFDs on Treasury Bill etfs like BIL? Questrade offers up to 6 to 1 leverage. There are other brokers that offer 30:1 leverage. Bil has a predictable daily price pattern. It...

Hi everyone. I'm interested in using margin to buy Tbills. I'm located in Canada and the only broker that I can find on Google that allows this is Interactive Brokers. TastyWorks doesn't allow Canadians as far as I know. Are there any other brokers that allow Canadians to trade Tbills on...

Can you please explain what type of margin you're getting? Is it 2:1? Portfolio margin? Prop firm margin (Eg 50:1)? Thanks

Technically speaking, the SPY entered a bull market when the Golden Cross occurred on Feb 2 2023.

Thanks for the reply. Is day trading more suitable for a prop firm?