LOL ....... I thought you had me on ignore, you haven't responded to one of my posts in a long time.
If it's closed at $3.50 the loss is only $1750.00, minus his opening credit of $250.00. No big deal.
Liquidity is a moot point and is no barrier at all. The ONLY problem you have in turning $5000.00 into $30,000 is getting the direction right....
I'm just making things up ..... I'm trying to get atticus to fall for some troll bait, looks like he wont bite. :(
I paper traded this IBM position with Yahoo Finance and it's down - $138.00 / - 281.63% with expiry in one week - IB commissions included. Anyone...
Account Balance: $5000.00 - $253.00 = $4750.00 Next week we progress to a $500.00 trade for your quest to $30,000
UPDATE Bought 10 more @ $0.13 Average price $0.20 Total debt $253.00
I posts live trades on occasion. This one was entered 6 hours ago. http://www.elitetrader.com/vb/showthread.php?s=&postid=3229485#post3229485
That's like saying: "I'm not a big fan of sunny locations, but I would like to know a good vacation spot in Mexico". "I'm not a big fan of...
Perhaps buying calls would be better. http://www.elitetrader.com/vb/showthread.php?s=&threadid=223010
Use a MARKET order. Why bother with a LIMIT order? Don't be sucked in to the myth that you get ripped off on MARKET orders. Problem solved. :)
It's doubtful that a trader rode the entire loss to $8.00. Probably closed at $0.80 and the next guy closed at $1.60 and so on down the line.
Do the math and I think you will care. Even with the paltry $100 to $200 returns you will be up to your $30,000 target in no time. I will post...
QQQ 57 call sold at $0.68 P/L $39.00 = 138% including commissions
My paper trade would be a 1 day QQQ 56P/57C strangle, entered at about 3:30pm EST - 30 minutes before market closed on Thursday June 30, 2011....
Now trading @ $4.50. Since last day of trading is today I would close it. This sort of 1-2 day trade every week with the weekly options should...
Based on quotes at market close for a 1 strike OTM GOOG put the paper trade would be: Buy GOOG Jun 2011 480.000 put @ $2.45...
I use MARKET orders all the time with IB.
Use a MARKET order.
Buy one of the weekly options on the Thursday before expiration. The odds are much better than your requirements of a 10% success rate. Buy 1...
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