My point is we did a whole bunch of those, made $1,000, then lost a $1,000; net result is scratched or made a little for a lot of effort. IB doesn't fill you, the exchanges do; everything we do is electronic. If there wasn't a lot of leverage; we wouldn't be playing ...
i hate that quote. it's even duh-mer than your last one. i expect something a bit more intellectual from you. you disappoint me. :-/ ps see my quote for an example. intellectual and profound. ____________________________________________________ "There's no use trying. One can't believe impossible things." "I dare say you haven't had much practice. ... Why, sometimes I've believed as many as six impossible things before breakfast." - Alice & the Queen of Hearts (Lewis Carroll, Alice's Adventures in Wonderland)
IMHO, you are grossly undercapitilized. If I were you, I would do one of two, possibly three things: 1) Get a series 7 and go trade for someone like Echo that allows smaller accounts - and trade conservatively until you get your account above 25K. 2) Get three jobs and save every nickel and dime you can until you have >25K. Get a series 7, then pick the best prof. firm (that in itself is an interesting question - based on your background, etc) 3) If you live on the west coast, you can trade a large part of the morning and still get to work while you build your account. No matter what, don't trade undercapitilized. nitro
I was getting 100 to 1 buying power. I put up 5,000 capital and started with 500,000. Why does this seem so strange ? Maybe I am really very uneducated as to what is going on out there.
For the Geckman and other interested parties- check the Ameritrade Investors cup- you can practice with 50k capital and 50 margin in reasonably realistic trading conditions- the funky order entry/confirmation setup represents a challenge, which, if you overcome it to trade profitably, makes you stronger. Use your own data feed. BTW the leader in this round of that contest is up 41k in 8 trading days. Her plays are worth examining, although by looking at the charts and figuring the entries on her (often obscure and low vol stock pics) I'd say she is cheating by using insider info, or should I say 'informational advantage', which makes the whole thing that much more real for us regular traders. In fact both her and #2 in the ranks live in NY. Also check some of those FOREX free trading demos i.e. FXCM or Charterfx to trade currencies and see what can happen when your trading with 10-1 of OPM. Chasinfla: Beautiful lizard pics. Very nice touch. My trading desk looks out to a natural outdoor enclosure where my iguana hangs out. It's calming.
I need some help in navigating this web site. When I get an email that a new post has been posted, how can I tell which post that one is responding to? Thanks in advance. Ron
Wow! So that's the guy juicing AZO! I've been expecting it to crack but it just sits there. But he's gonna have to sell sometime....and when he does I'll bet the tape will feel it.