Trading 101

I change my mind. I think you should put your 25k on options. why not? you only live once. things can be worst, you could spend that on an engagement ring. let us know what you buy too so we can go for the ride with you. If you win, please send myself and 3 other ppl who have contributed to your wealth 1000 dollars each.
good luck buddy.
 
Thanks all, especially Zesty. Mate and others whats the maximum leverage I can gather realistically. I am certain on my bets to a large extent and willing to loose it all and more if need be. Just like Zesty said. For example 31 dec BAC cal options? Btw how much are they trading?
Any recommendations of brokerages too. In the worst case, I will be wiped out in a day or two. Thanks again fellas. Cheers.
Frankie I will keep that in mind If I hit the big lotto.
 
Further more I have of down-and-out calls or up-and-out puts. The difference & would these be viable strategy as I am told they are usually highly leveraged. Let me put it frankly I am willing to lose the whole 25k basically bust or all the way. Thanks fellas
 
why not just go to vegas and throw dice? It’s basically the same thing here
 
Vegas never really appealed to me. Besides too many broads and other distractions. I will take my chances with a brokerage firm. Any takers on down-and-out calls. Cheers
 
You’re not going to save much money by buying down-and-out calls. Plus, I doubt that you will find many market makers for $25k. Sticking with vanilla options will be more appropriate for you.
 
TokenFatDude wrote:Vegas never really appealed to me. Besides too many broads and other distractions. I will take my chances with a brokerage firm. Any takers on down-and-out calls. Cheers
“too many broads” WTF is wrong with this guy.
 
Black Swan wrote:TokenFatDude wrote:Vegas never really appealed to me. Besides too many broads and other distractions. I will take my chances with a brokerage firm. Any takers on down-and-out calls. Cheers
“too many broads” WTF is wrong with this guy.
I agree. that is totally suspect.
 
@Token, Dude just buy 200 SPY $120 strike Dec 2013 call options; if the S&P bounces back from it’s current lows you’ll easily make 10-20% on your money in a very short time.
 
TokenFatDude wrote:
Anyway I can either increase my bet or die faster… Is 500:1 leverage possible for a poor blue collar kiddo like me. Any reliable brokerage firm offering a such with a minimal 25k account.
this is not Trading 101, this is Road to Poverty 101!
 
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