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Thanks for the reply. Obvious next question: is it costly to register with the U.S. Treasury? I'm in Ohio, and it's exorbitantly expensive to get an MSB license. How do the majority of traders obtain the necessary net worth (in Ohio's case, $500,000.00, surety bonds, etc.) before qualifying...

If you have a business, and you're moving your own trading capital back and forth using a bank's wire transfer services, does this place all traders in the money services business (MSB), subject to state licensing regulations? Just checking.....

Actually, I think I miscalculated on my end, so let me restate the original question: Can a trader pull 3.2% gross profit per month with a $250,000.00 account (using 2X margin)?

Thanks for your responses. I should further explain why I'm asking this question. I want to start a non-profit, and wanted an in-house funding method. I came up with a system that works, but it incurs around $10,000.00 per month in fees (credit-card processing, margin interest, and...

So, I should take that as a "no"?

Can a trader with decent skills pull 6.4% gross profit per month out of a $250,000.00 account (using 2X margin)?

This may be a silly question, but what's the largest amount of trading capital that can be successfully managed by one individual?

Interesting responses all, and I greatly appreciate them. Continuing along the same path, would it be advisable (as a form of risk management) to deposit as much capital gain as tolerable into a different account consisting of long-term, high-dividend holdings? The idea being, to take better...

Is there any type of formula for figuring out where an experienced trader "should be", percentage-wise, during a given year's worth of stock transactions? Starting with half a million (margin included), and subtracting all expenses to arrive at a mean average. Also, does an increase in...

rcanfiel, Actually, the idea was pitched as an aside by the author in a Q & A-type example. Perhaps the big market makers ARE employing this strategy? Especially if it makes them money. Even if it made a small amount, would that be such a terrible thing? Again, I have no idea how fill...

wohc, Got the general idea from A BEGINNER'S GUIDE TO SHORT-TERM TRADING by Toni Turner (don't know how much "cred" she might have, as she strikes me as a beneficiary of the tech boom years), passed it on to the aforementioned guy, who then toyed with it systematically. He used the Qs...

I should have explained a bit more in the first post. Had a guy show me what he was doing with this idea, and it seemed to make sense. He'd start off with, say, 5000 shares of the QQQQ in two (2) different brokerage accounts. He'd hop in on one direction (based on the day's market momentum) with...

Wanted to know if this was possible: keeping long and short accounts for holding the QQQQs overnight to take advantage of pre-market movement. I've read a few books that claim this can work, and the Qs would seem to be the ideal vehicle. Can't find much info concerning the Qs (high liquidity...

May soon be starting a non-profit, and would like to handle fundraising in-house via trading. Would prefer someone familiar with hedging the QQQQ for a couple of years. Hopefully, will have $500,000.00 in capital (margin included). Initially, doesn't pay much (it's a start-up, after all), but...