funny thing about stock board HEROES, THEY ALWAYS GIVE ADVICE NOBODY ASKED FOR! If you can't figure out how to take 8000.00 and trade it in and out all day and make money what good is your advice? quick check the threads, somebody needs your help!!! LOL
im a low capital trader..being young i CAN afford to lose while learning..and rebuild. tho the bit that confuses me is.. Why does everyone laugh at say..3-10k capital traders? ...you need 2.4k to trade a futures contract..IF you trade it right..u can make huge %'s of ya capital and grow rather rapidly..you can do same thing with options on low capital bank account..you do have a fairly high risk..tho high reward too as i said..im new..Extremely new (only been learning a year)..so im still around that..losing..learning from mistake period..but iv seen ppl make quite well just off 1 contract in futures..and Im doing "okay" now with options on low capital..atleast..rebuilding my bank slowly type of "okay" nothing to jump for joy about
Another option for your friend might be to find a LLC to trade out of. Stated another way a sub account of a larger trading account. Just a thought
I just found another reason to open an account. These guys run the trading desk in Kingston in the off season! http://www.jamaicanbobsled.com/index2.htm
Just wanted to mention I now know of 3 people using All Day Traders. All are under $25k and all are day trading more than 3x per week (some substantially more than 3x... right Russ? you junkie).
Add 1 more to your list. I just wired money to them as of Friday and I was trading as of Tuesday morning without a problem.
Let us know how extensive their short list is. Also if you have any trouble withdrawing your profits. Michael B.