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Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34
Comments:
<0> Symbol nqpx.x added.
<1> lol
<2> jj pick of the weeek logged and ready for beta testing
<1> april 22 puts?
<3> LOL!!
<1> the ****?
<1> lol
<2> time value?
<3> ya gonna wait that long?
<1> thats
<1> not my pick
<1> at all
<1> hehe
<2> oh
<2> well ****
<1> god could intel go to 22?
<1> i dont think so
<2> watch this
<2> http://www.smithappens.com/video/hornypolarbear.wmv
<4> Tiny URL: http://tinyurl.com/dl9hf (URL by jcv)
<2> hella funny
<2> sfw
<2> !pm
<2> so jj, what strike/expiration are you looking at
<2> enlighten me
<2> help a n00b learn
<2> !del xbtcf.x
<0> 1 symbol(s) deleted.
<3> !return 25 22
<3> 12%
<3> less options contract
<5> super BQ explain options?
<2> see that's JJ for you
<2> comes in
<2> bashes
<2> then leaves
<5> yep
<5> hehe
<2> better than RyeuTARD
<3> Mo-oZ: i'm no expert but in JJ's case for a long put on INTC
<3> he's betting the price to fall to 22
<3> !Q NQPX.X
<0> NQPX.X - INTC Apr 2006 22.- 0.30 0.00 0.00% (34) Daily Range: [++++++++++] 100% (0.25 0.30) Yearly Range: N/A (N/A N/A)
<5> i see
<3> and 30 cents per contract
<5> so hes taking a short?
<3> + your brokerage fee
<5> ah
<3> yes. if the price falls and exceeds the contract price (+ commissions), then you can say he "in the money"
<5> i see
<5> how does that differ from a normal short position then
<3> but the strike date being APR.. so as long as he is in the $, he has the "right to (but NOT the obligation to) excercise that option UP to the strike date"
<3> it differs because options allows you to front up a small capital (amount paid) with a higher (leveraged) outcome
<2> and
<2> they have intrinsic value
<2> time value
<2> etc
<5> so if it goes the opposite way to your expectations you could be landed in a lot of debt
<3> well.. you could discount the time value (from the strike date) -> the date you exercise the option
<2> howso bq?
<3> Mo-oZ: even worse, it could be unlimited debt (out of the $) in a long put as the stock price can keep going up
<3> jcv: the time value of $ is the scary part of options
<3> again.. don't count on me as an expert
<2> heh
<2> i need to buy a book on this ****
<5> oh yeh i guess
<3> but as we buy option contracts that are of short time frame (then there's likely no real profit/loss)
<5> jcv how long you been in the market
<3> stupid derivatives
<3> then there's futures contarcts
<3> contacts. My finance prof once told us that he once got a call for his futures contract to be delivered
<6> haha
<6> so he had to buy ****?
<3> hence, once he didn't close his futures contract in time
<3> and he got the phone call say "ok BOss.. where do you want the goods to be delivered?"
<7> !q somhw
<0> SOMHW - SOMERSET HILLS WT- 5.0001 0.00 0.00% () Daily Range: N/A (N/A N/A) Yearly Range: [+++++++---] 70% (2.86 5.90)
<7> !q somh
<0> SOMH - SOMERSET HILLS BN- 12.60 +0.10 +0.80% (3800) Daily Range: [++--------] 27% (12.50 12.869) Yearly Range: [++++++++--] 85% (10.3333 12.98)
<3> Quant: funny as hell
<3> I can't remember how much of the commodity he bought
<3> but imagine getting stuck with a container of pork bellies?
<6> heh
<6> that's why he's your prof now
<6> cause he can't trade for ****
<3> really.. the futures market is for the specialists AND those who are in that nature of business
<3> like in currencies
<3> not so bad with currencies as least you can convert the $
<3> isn't that how Golman Sachs 1st got into the finance market is speculating currencies?
<3> and also how the Barrings Bank went bankrupt in the UK by some guy that managed to exercise power : Betting that the Japanese Yen would crash
<3> he kept leveraging against the YEN and the YEN kept going up
<7> Super_BQ: no
<7> that's not how goldman sachs ever made its %
<7> $
<7> goldman makes most of its money from trading
<7> mostly from being a specialist
<3> but a specialist in trading currencies
<7> slk.com
<7> no
<3> oh
<7> in equities
<7> goto slk.com
<2> Mo-oZ: i've been "in the market" since july....by that i mean attempting to make money with no success yet
<3> that's because jcv wants to be 1 of the 10 day traders that can profit
<7> i don't think jcv has enough capital
<7> to be successful
<7> but that's just my opinion
<2> i know i don't have enough capital
<2> i've only got $7500
<8> how much capital do you need?
<2> that's why im just paper trading
<7> yea you do not
<3> could you margin on $7500?
<7> mufill: atleast 25,000 to even legally be allowed to day trade
<3> I think Ameritrade requires a min. amount of coin in the account
<7> i think you really need atleast 1,000,000 to be able to get returns good enough to live well
<7> off your trading
<8> trading of what
<7> mu-fill: securities
<8> currency?
<7> without using significant leverage
<7> um jack ***
<7> i said securities
<7> with currency you can get 100:1 leverage
<7> easily
<7> where a -1% downturn wipes you out
<7> and +1% doubles uyou almost
<7> !p
<0> DPD 1 (18.88) 18.88 -2.07% (2005-12-06)
<0> HYB 3 (2.07) 6.21 +195.71% (2005-08-03)
<0> SOMH 1 (12.60) 12.6 -0.79% (2006-01-12)
<0> UU 42 (23.73) 996.66 -0.52% (2005-12-01)
<0> ZF 20 (5.28) 105.6 +0.57% (2005-12-01)
<0> Total portfolio value for jim is 9.95 -0.09% ($-1.01) loss.
<3> scary
<2> i'm jsut looking to make effective profitable trades
<2> they dont have to be day trades
<3> well with $1 million, i'm happy earning 7.2% term deposit in the bank here in New Zealand
<2> i can't day trade
<2> not legally
<2> not with $7500
<7> $70,000 isn't enough to live well off of
<3> do weekly trades
<7> why put a time line on it?
<7> heh
<7> sell when the security is fairly valued
<2> i'm not saying there has to be a timeline
<7> that's how i got 22% gain in the mad moneu challenge
<2> i'm looking at trading channels and things like that
<2> trying to be successful at making trades
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