Best & Worst Daytrading Broker? Message Board

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Non-Tech : Best & Worst Daytrading Broker?

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To: Cash who wrote (65)	5/5/1999 9:31:00 AM
From: Mike Devour	of 126

Cash: Ahhh... options... Well that explains it. It explains a lot! <disheveled stare> <GRIN> Options are a kind of margin in themselves (I guess... don't know much about 'em) They're definitely a form of leverage. No other way I could "control" 500 shares of Dell for less than $2k! But then there's that little bit about "substantial risk of loss of principal" to keep a guy sober. <ggg> I guess you'd need to be "On the floor" to day trade them. People do day trade them. It helps to have a ton of experience and a much bigger account than I do! It also helps to be on the selling side of the market. Then time works in your favor. Trading long options like I am is something of a crap shoot. Learning a lot along the way! Nice talking to you, Cash. Good trading! Mike

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