Stocks and Trading Thread - Channeling your inner Mono

[Admiral Yi]

What kind of money are you earning this way (on average), per month? I'm just wondering if getting a decent job wouldn't be a better solution. Unless of course you are in it for the gamble, but then I'd recommend a casino.

Derivatives probably offer a better return than a casino.

[mongers]

What kind of money are you earning this way (on average), per month? I'm just wondering if getting a decent job wouldn't be a better solution. Unless of course you are in it for the gamble, but then I'd recommend a casino.

Derivatives probably offer a better return than a casino.

[Tamas]

muhaha, I took my my profits on the euro50 early in the morning when there was an upspike, but had to wager my pocket change on it again. It's like free fall is iminent/ongoing.

What kind of money are you earning this way (on average), per month? I'm just wondering if getting a decent job wouldn't be a better solution. Unless of course you are in it for the gamble, but then I'd recommend a casino.

I wish this would be a question 

I have a very decent job. I am playing (nowadays) with a totally, ridicously miniscule amount of money which severly limits my abilities. But since I learned to keep within these limitations (ie. commission-free CFDs), it is a fun and exciting/frustrating hobby.And I am throwing darts at a board.

IF I had the capital, I would dig deeper into commodity futures trading, but that is not going to happen unless my daily job's salary dramatically raises.

[Ed Anger]

I noticed while the ECB frenchy guy was talking, the Euro stocks went down and the futures here. har.

[Tamas]

When is Obama's "I wanna play FDR!" speech?

[Ed Anger]

When is Obama's "I wanna play FDR!" speech?

Tonight, 8est. I think. I'm pissed because it is gonna interfere with the Packers-Saints game. What a selfish fucker.

[Richard Hakluyt]

I also regard my shares as being a rather interesting hobby. It's like a rather superior version of horse-racing and I'm delighted with the returns I have been getting. I don't do this shorting stuff mind you, bit too risky for my tastes.

[DGuller]

What kind of money are you earning this way (on average), per month? I'm just wondering if getting a decent job wouldn't be a better solution. Unless of course you are in it for the gamble, but then I'd recommend a casino.

Derivatives probably offer a better return than a casino.

What's the juice on derivatives, if bought on individual level?  Derivative market doesn't exactly strike me as frictionless.

[MadImmortalMan]

I'm short SPY.


I think I might start my own hedge fund that only shorts the market when the President is on TV.

[Admiral Yi]

What's the juice on derivatives, if bought on individual level?  Derivative market doesn't exactly strike me as frictionless.

Not sure.  I would guess around $20 trade.  MIM?

There's no casino game where you can pay $20 to buy an even money bet.

[Grey Fox]

When is Obama's "I wanna play FDR!" speech?

Tonight, 8est. I think. I'm pissed because it is gonna interfere with the Packers-Saints game. What a selfish fucker.

They better fucking wait.

Altho I don't mind missing the Ad-Kick Off/No return-Ad routine.

[MadImmortalMan]

Closed my short position following the drop that just happened.  20 puts on SPY for about $500 profit. Meh. That's a decent day's work. Maybe I'll short again if we get another bump.


I'm not really sure what Gully is asking there.

[Admiral Yi]

I'm not really sure what Gully is asking there.

How much is the commission on on options trade.  And/or futures if you know that.

[MadImmortalMan]

Oh, it's $9.99 plus $.75 per contract for options on TDA (including multi-option trade like a strangle). If you exercise, there's a $20 fee.

http://www.tdameritrade.com/pricing.html

Futures - $3.50 per contract.

[DGuller]

What's the juice on derivatives, if bought on individual level?  Derivative market doesn't exactly strike me as frictionless.

Not sure.  I would guess around $20 trade.  MIM?

There's no casino game where you can pay $20 to buy an even money bet.

If you pay to get an even money bet, then you're not really getting an even money bet.  Paying the fees and bid/ask spread is equivalent to spotting the casino an edge in a bet.  In both cases, your expected return is negative.