Daytrading with 10K (How)?

[Samson77]

Quote from steve46:


I think I have covered all the options. I wish you good luck with your system. I am sure we will hear of your success in the near future.

Steve [/B]

Ya your right I'm going to be selling it here in ET for $6000 as soon as I have proven it works with a 1 week track record and to boot I'm going to steal material from LBR's web site as part of the material.


This one little scheme should easily net me more money then you made in the last 10 years as a grade school janitor.





I'm just joking folks ... steve46 is moron just monitor the idiots posts and you will see what I mean!

 

[Samson77]

Thanks for all the replies folks much appreciated I think I have it sorted out now.

nkhio

Excellent suggestion, don't know why I didn't think of that

 

[nlslax]

What a jerk. Creative sense of cynical dry wit, but still a jerk.

Quote from steve46:

If you have a truly profitable system, why not borrow on your credit cards (if you have any) and put the capital into a trading account.

Alternatively you could take a second mortgage out on your house (or double wide trailer) and fund your account that way.

Also, if you have a record of good performance at your day job, you might approach your employer and ask for a loan based on your future prospects. If for instance, you work at "McDonalds" and you have a track record there, you might ask them for a loan based on your ability to make dayshift manager at some point in the future.

You may want to consider selling your car (if you still have one) or other valuable items (like computers), or perhaps you could go down to your local blood bank and make donations, putting that money into a trading account. Based on the type of commentary you place here, you might also consider donating to a sperm bank. It seems to me that you would be uniquely suited to funding your account that way.

If your trailer park is near to a major University, you may want to look into volunteering to be the subject of medical tests or procedures.

As a last resort, you might advertise in certain publications overseas as a organ donor. I would bet that you could obtain a significant amount of money for a kidney, an eye or testicle.

I think I have covered all the options. I wish you good luck with your system. I am sure we will hear of your success in the near future.

Steve

 

[reid5525]

Quote from Samson77:

I have a new intrday strategy that I want to test out live but I don't feel like locking up 25k in my test account (I want to keep it seperate from my main account for tax purposes).

How can I do this ?

Suggestions other then Alliance Capital (too expensive).

Thanks.

If you want to test a strategy you can do it in a collective2.com account with 200k virtual buying power, and in real time.

 

[reno4nook]

Quote from zf trader:
ES ES Trade futures. As you should even if you have 25K

what he said...


This lack of capital could be a blessing in disguise. It could force you to go, kicking and screaming, into the very profitable world of trading index futures.

Why fool around day-trading stocks on a 4-1 margin when you can trade futures with much better liquidity on margins near 100-1??

And You only need 2-3K to get started...

 

[traderyin]

Buy LU at bid and sell at ask.

 

[GGSAE]

Quote from reno4nook:

what he said...


This lack of capital could be a blessing in disguise. It could force you to go, kicking and screaming, into the very profitable world of trading index futures.

Why fool around day-trading stocks on a 4-1 margin when you can trade futures with much better liquidity on margins near 100-1??

And You only need 2-3K to get started...

I keep hearing ppl on this forum pumping the high leverage trading vechicles. How many losses will wipe out a 2-3 K account?

 

[Samson77]

Quote from GGSAE:

I keep hearing ppl on this forum pumping the high leverage trading vechicles. How many losses will wipe out a 2-3 K account?

ONE

I have traded futures for 3 years and I switched to stocks 3 months ago because they offer far more high probability trading oppertunities.

Stick with Stocks unless you have a very precise methodology that can seriously limit RISK.

 

[steve46]

Quote from nlslax:

What a jerk. Creative sense of cynical dry wit, but still a jerk.

Really? You know that comment is characteristic of a person lacking one (or maybe both) testicles. its as if something that I said hit a nerve. Well if that is the case I certainly apologize and I want you to know, that if your opinon mattered at all, I would be crushed. I wouldnt know how to carry on, blah blah blah...


As for Samson, well the idea that you need a way to trade using 10k is laughable. After all the comments about how profitable you are, how many systems you have purchased, etc. how is it that you still don't have two nickels to rub together? More than I make? You live in a trailer park..and by the way, when we last heard from you, you were theatening to sue all of us (I'm not kidding in here, I will sue you guys") and yet months later, we havent heard shit from you or your "lawyer". You need to get back on your meds. I suggest you give the 10K back to your Mom and Dad and get into treatment for your delusion. After all this time, who are you kidding? Do you really think you are going to make money THIS TIME? Although its illegal, I have to admit that selling other people's material is about as close as you are going to get to being successful.

Merry Christmas to both of you.

Steve

 

[syswizard]

EXACTLY:

I have traded futures for 3 years and I switched to stocks 3 months ago because they offer far more high probability trading oppertunities.
Stick with Stocks unless you have a very precise methodology that can seriously limit RISK.

With VIX near record lows and NDX and COMPX with daily ranges of 10-15 points, index futures trading looks DISMAL.
Couple that with a USA economy that appears to be going NOWHERE for the foreseeable future.....forget the indices.