what to do when you know how to make money...

HOW about this, it takes a pair, though, options on stocks in play.
OMC June 65 calls traded between .80 and 3.60 in a span of a couple of hours that I was looking at them. That's 300% if you bought them @ .80.

These type of plays happen almost weekly.
 
Originally posted by tntneo
margin : with pro you can get 10:1 at IB (intraday AND overnight 4:1)
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Tntneo is correct about retail but actually Professional firms will offer up to 50 to 1 if the risk can be justified.

Robert
 
Originally posted by huby
Most people think they can make money trading but really can't. Let me guess, you've done fabulous paper trading and are now ready for Merril Lynch to hire you so you can make millions! The fact that you only have $20k means you haven't made any money at all trading!

If you are so confident that you can make money, just go bang out $5k on your credit card, get up to the minimums and go to town with intraday margin at IB. $100k should be sufficient to start shouldn't it? Whatever you do, don't trade friend/family money. If you think it's stressful losing your own money, try losing theirs!

Sorry to be so harsh but I think VERY few people have what it takes to make it as a trader. You need lots of capital that you can AFFORD to lose, balls the size of cantelopes, and an unbelievable amount of self control. If "knowing how to make money" is the only thing you have going for you then you have NOTHING and will lose EVERYTHING! Be careful. :)
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need to quote the entire message and have to 2nd that.

Robert
 
Rtharp- can I be believin' my eyes when you quote 50/1 margin? Is this really possible? Under what circumstances? Do you have to sleep with anyone to get this margin? Do you have to sleep with them more than once?? Just foolin, but you got my attention
 
What margin? If you work at a prop firm, you dont have to put up any of your own capital and, if you are as good as you say you are, you can trade up to as much as you want! You will not be limited by any $$$ amounts intrad day (except when you're doing MOC's at end of each quarter). At my firm, the limits are set by your position size in terms of shares and open positions (different stocks at any given monet) - not by $$$ amounts. And my current limit is 8,000 shares, 15 positions. And Im no big fry. That's 15 x 8000 = 120,000 possible # of shares I can have open at any given moment. I have NEVER EVER maxed my limits out...but that is always a possibility.

If you're as good as you say you are...go to a prop firm, prove yourself, get your limits raised...then the sky is the limit !!
 
That's easy.
You make money.
If you don't know how you either face up to it and work at it some more or you make excuses.
That "if only...." stuff doesn't cut it in the real world.
 
Originally posted by Rigel
That's easy.
You make money.
If you don't know how you either face up to it and work at it some more or you make excuses.
That "if only...." stuff doesn't cut it in the real world.
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it's kind of annoying to see all these responses treating me like i started trading yesterday. although you may not know much about me, don't just assume i know nothing. i'd be willing to bet i've been through far more than most people on this board. for those who have struggled like i have and learned your lessons, my congratulations go out to you.

i don't see why my original question was so foolish. i will make money with the equity i have right now. however, i also realize that if i had more capital to use, i could probably jump ahead a couple years. for all of you being negative to me, you're betting on the wrong person.

some of the responses i got made me think of that phrase, "don't hate me because i'm beautiful." well, don't hate me because i'm profitable.
 
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