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Really tempting to put a grand in CIT at .10 and just leave it. Although they could sit in that range for another year, kind of like LEHMQ.
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This sucks. I have to sit here and wait on the sidelines for my funds to "settle". I can't intraday trade anymore. What's the point of doing this then? They say its because daytrading is more risky, which it is and I understand that. However, its my money, let me do what I want. They have no problem when people blow thousands in Vegas, do they?
-------------------- wide open until you see god, then brake!
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im fully long for tommorrow...holding TRCW DENN VHC AONE NANO NVLW C DRN...which means, if we go by my track for the last few days...the market will crash...i hope not,i dont think os , thats why i did what i did.. but thats cyber vegas for ya.........cya laters
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glenn...what broker do you have...really does not matter...what you need to do is apply "Margin" status to this account...you do not need to use the margin...but i do believe that the funds are ready to trade right away and you can sidestep the 3 day waiting period "freeride" BS...I have a margin account less than $10K with scottrade that i trade options with and it works that way..so good luck
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quote:Originally posted by Morpheus: glenn...what broker do you have...really does not matter...what you need to do is apply "Margin" status to this account...you do not need to use the margin...but i do believe that the funds are ready to trade right away and you can sidestep the 3 day waiting period "freeride" BS...I have a margin account less than $10K with scottrade that i trade options with and it works that way..so good luck
I have Scottrade, but since I did 4 round trip trades within a 5 day window, I am considered a day trader and they take away the margin, which takes away my settled funds sideskirt also. Sucks.
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HELLOOOOOO hellloooooo......... ECHOOOOOO echooooooo......... Bit of a ghost town in here today. I'm trying to catch S at a good low, maybe $4.09
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Sorry TJ. With my trading limited I will not be in here as much, but def daily trying to help you guys make $$$. I am able to buy again tomorrow. FAS is cheap. Think its a go anybody? When was the last time FAS was sub $70.
-------------------- wide open until you see god, then brake!
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Thanks Glenn. I pretty much figured you wouldn't be here much till you got your stuff straightened out. Yeah FAS is pretty low, although I'm wondering if the market is headed for a correction...??
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quote:Originally posted by TraderJones: Question for you Glenn: How long have you been trading?? months years?? Full time, part time??
I have been trading for about 2 years off and on. First time I ever did it was with $3000. Lost every penny. Just got back into it around April. Learned a little more and up 30% this year because of it. Here's what I know about trading.
Fundamentals-correct about 65% of the time. Technicals-correct about 50% of the time.
My strategy-Get a feel for where market sentiment is and you will more often than not get it right.
-------------------- wide open until you see god, then brake!
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Sorry TJ, didn't answer all of your questions. Only part time. I have three jobs. I race AMA Superbike in the summer, a product manager at Arrow Electronics year-round, and an auto broker year round as well.
-------------------- wide open until you see god, then brake!
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quote:Originally posted by TraderJones: Sounds like you've got a full plate Glenn. Thanks for the info, I was just curious.
I like to keep my plate full. Married, got a kid, couple houses. City council member, colorado springs economic member. Wouldn't have it any other way.
-------------------- wide open until you see god, then brake!
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