Options

Discussion in 'Options' started by Hardy, Jul 21, 2007.

  1. Hardy

    Hardy

     
    #11     Jul 21, 2007
  2. So you're another person wanting to make a quick easy buck from daytrading.

    NOT GOING TO HAPPEN.

    You're not even allowed to daytrade with 1K, forget it. Go to vegas instead.
     
    #12     Jul 21, 2007
  3. Hardy

    Hardy

    What do you think day trading is? The strategy is the same, regardless of how much money you have.
    Day trader: get in, get out. Come out positive.

    Go to vegas? Go to school.
    This forum is a place to help individuals in the stock market.
    I've seen people say "go to vegas" in a few topics already.
    Keep your stupid comments to yourself. We are all here for the same reason, learn more & gain knowledge.
     
    #13     Jul 21, 2007
  4. Although I don't agree with your statements, I won't address them. His point was that if you daytrade enough times you will be tagged under the Pattern Daytrader rules and in order to daytrade under these rules, your account must be at least $25,000. You may want to do a search under "pattern daytrader" or "PDT" to find out more detail.

     
    #14     Jul 21, 2007
  5. Hardy

    Hardy

    Thank you.
     
    #15     Jul 21, 2007
  6. You have to learn the rules of the market before you can make any money.
     
    #16     Jul 21, 2007

  7. $5,000 would allow him to join a prop LLC and circumvent the PDT rule.

    Swing trade and save money until you get four more thousand bucks.
     
    #17     Jul 21, 2007
  8. Papertrade (options or stocks, doesn't really matter which) first then use real money (small amounts) after becoming proficient & consistently profitable in papertrading. Once you are consistently profitable in real trading you can start to build your position size.
    db

    P.S. start reading on the topics you want to learn.
     
    #18     Jul 21, 2007