Thread: Money Investing megathread extravaganza
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Old 01-12-2017, 02:17 PM   #590
scho63 scho63 is offline
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Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
Originally Posted by RubberSponge View Post
Do you ever buy anything other than a long call or put?
I buy MOSTLY short term calls or puts that expire within the week. I've even bought options on a Friday morning that expire at the end of the day hoping to catch a big move with high leverage.

I have to be careful because twice this year I was designated as a day trader for moving in and out of more than 4 round trips in a single day and it caused all kinds of alarm bells.

I need to keep $25,000 minimum in my trading account to satisfy Scottrade if I want to day trade so I don't do it.

One time was an error because I liquidated options that were in the money over two days and in 5-10 contract blocks instead of selling all 70 at once. Got hit with like 6 R/T trades on that the way the new rules apply.

Do you ever notice how traders try to move a stock to close at the strike price on Friday's close?
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