I have 200k in my IRA, would like to trade it

Quote from trefoil:

I don't know about the SEC, but TOS allows you to do anything you want, except sell options naked, if I recall correctly. May have changed under TD, don't know, but I'm sure previous account holders were grandfathered on that.

However, the OP should note that shorting is quite a bit riskier and less profitable (in the aggregate; those who are good at it would of course dispute this) than going long. Lots of reasons, but to (over)simplify, the market has a long-term up bias, which means you're betting against the house if you go short.
Regardless of whether you're allowed or not, long-only is better if you're just starting out.
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90 out of 100 years that is good advice, but in this moment there is much more risk of a drop than a spike so being long is riskier
 
Quote from BUTfr:

I am not trying to decide whether trading is profitable or not, or whether a trader can make money or not.

My question is how much I give to the trader for his work, what percentage of the profit?

If the trader doesn't make money, there is no profit sharing.

Risk? trading has risks, yes, I understand that. I hope you also understand that, because most of you sound so scared. :)
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25-30%,over a $mil,20%, you control the funds, they have to trust you, you have to trust them, it's a marriage, make sure you are comfortable, first with risk, and then all the other things, if you're not, you will be in his head and haunting his decision process, hence lower profits
 
Quote from BUTfr:



To generate income, I need to trade this market, not hold it.

Any advice where I should start with? Stocks, ETFs, or options and futures?
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IRA!!!!




Here are some of the facts that every investor should know about day trading:

Be prepared to suffer severe financial losses

Day traders typically suffer severe financial losses in their first months of trading, and many never graduate to profit-making status. Given these outcomes, it's clear: day traders should only risk money they can afford to lose. They should never use money they will need for daily living expenses, retirement, take out a second mortgage, or use their student loan money for day trading.



http://www.sec.gov/investor/pubs/daytips.htm







More than 90% of small traders lose! They just lose!!
 
Quote from BUTfr:

What about big traders? like whale-size big traders?
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There are tons of successful big traders (Higher Educated) vs Small Traders ( Lower Educated and Under Capitalized).


Study this chart:


Quote from emg:

Here is chart on what all small traders are doing.




2i06ohs.jpg







small traders will repeat this cycle for the next 20 years.


More than 90% of small traders lose. They just lose!
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2iln1ht.jpg



http://www.elitetrader.com/vb/showthread.php?s=&threadid=236628&perpage=6&pagenumber=3





Higher Education is the key to become a successful trader!



Higher Education!!











P.S


I should add on the Ghettos Level:

Small Traders openning IRA account
 
Quote from BUTfr:

I heard the Murray show that buying and holding is a disaster. He said the Japanese market didn't reach back to the level it was 23 years ago.

He also said the Great Depression reduced Dow from 350 to 45, and it took 25 years to get back to pre-depression level (1950s).

So I am thinking, this stock market is bouncing up and down, maybe for the next 20 years before reaching 1999 level. I got some CSCO at over 100 dollars.

To generate income, I need to trade this market, not hold it.

Any advice where I should start with? Stocks, ETFs, or options and futures?
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Trade whatever moves. Learn technical analysis and keep it simple. Trade price action and charts, nothing more and try not to waste time on the buy and hold strategy, thats a waste of time and too risky in this environment.

Best of luck.

Dan
 
Please, before you make any decisions you must determine if you are self directed or if you trust others. In a market like this there are so many ways to make great gains that to describe them would take a while. The very best thing to do is to set up demo/practice accounts with Fx and or Binary sites and test your skills BEFORE placing ANY real money into a real selfdirected account.
 
Emg,

You have a point : retail traders should always stick to demo till they can show 6 months of consistently profitable trading.
This would eliminate a lot of the "reloadings".

You have a point : retail traders should realize and admit they are retail, so as to stick religiously to their stops, and their money management. Remember retailers are competing against arrogance, so stay humble.

Thank you for helping the small traders become better.
More info please :).



Quote from emg:

There are tons of successful big traders (Higher Educated) vs Small Traders ( Lower Educated and Under Capitalized).


Study this chart:






2iln1ht.jpg



http://www.elitetrader.com/vb/showthread.php?s=&threadid=236628&perpage=6&pagenumber=3





Higher Education is the key to become a successful trader!



Higher Education!!











P.S


I should add on the Ghettos Level:

Small Traders openning IRA account
More...
 
I don't know much about others but it makes sense to protect 'PRINCIPLE'. Mutual funds that garnish YTD gains on an annual basis should work well.

If you want to trade, allocate a portion and see how you do. If you can beat out your current holdings, then continue. If not, it's a clear sign that you should just leave it somewhere safe!

There's no need to be macho.
 
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