Quote from bhardy307:
Wow, are you two insulting me?
Given that 95% of you are failures, I guess I should only be a weenie, teenie bit insulted by this.
Go stick it where the "son" don't shine!
And what do you guys trade with, $1,000,000 on a demo account?
Mr. Bhardy -
A lot of us in here try to help you but you choose to ignore. There is no edge by using "hedge". I hope you grap this concept before you loss all your little 4K.
The only way retail trader can make money is if he can predict the market correctly - up, down or sideway (using theta trade or scalp)
I never trade in bucket shops, the bucket shops platform are too expensive to trade (look at the spread) and full of scum (you can easily figure this up yourself if you have a real broker account). Over the year I saw too many of newbies come in and trade with account less than 5K, and 95% of them disappear after 1-2 years. Previously most of them stick with online broker but now seemed most of them prefer bucket shops, not sure why, may be it is more easy for them to open an account in those bucket shop, or they been cheated by their "paid" mentors telling them this is a better way to trade ( those mentor may get rebate from those snake oil bucket shop) . Some tips to you : All the mentors that required you to pay to learn from them is just a sales man that sell you something that are not wroking, if it is working, they will not sell to you. The only time a mentor will coach is when he either like you and will teach you without any cost, or you are his son/close relatives, or he need you to help him during trading such as you work for him.
I learn the trading not from any mentor, I am fortunate to join the "biggest" and "evilest" firm (you may be able to guess who are them) after I completes my PhD, over that three years I learn to trade from them and save some money as my capital mainly from the big bonus (those crazy years). I left the firm and used those cash to start my trading and since them I never need to depend on any employers anymore. In general, you are consider super tarder if you can make 30% a year ( I admit I only make 20% in average), and if you need at leat 200K to sustain your life style, you neet at least a million cash in hand and without any other commitment (mortgage, family and etc). Your 4K will gone in a blink. Get a job and try to save more money, 4K (even with 40% return a year) will not bring you to a million.
Am I trading with 100K paper money ? In my account in TOS (I have three different broker accounts, divided roughly 40/40/20 so that the brokers will not figure out my strategy forever.), my option commision is only $1 and my future trade is only $2 ($4 round trip), I can trade 50 cars without trigger any margin (I never even bother to ask TOS to reduce my margin in my future), never even worry about PDT and etc. You can ring TOS and check from them how much money you need to have inside your account before you have those "privilege"? Just to let you know, my account size still consider just a "mid size" vs a other "full size" and "super size" tarders in this board.
Are me & the OP trade in real money? You guess. If the CL change by a dollar each time, we are actually making or losing more than 2 times of your little 4K. This is only our "normal" oil trade in normal day, in high volatility day, the amount we bet are 3-4 times more than this.
