Recent content by GaryB

Tom N. will get you hooked up with the forum.

DaveN, I've wondered the same. How many individual options traders are truly profitable in growing a decent sized nest egg over a decade or so. Is anyone willing to share approximate portfolio % returns over 5 or 10 years? Not the theoretical return a strategy might have had, but what they...

I just went through the A14 subscriber forum, and the last post where people shared their general results was in June. Going through all the posts, some people have done just fine, and some have had outsized losses. My impression is the people who follow it exactly, have done ok.

Fidelity somewhat fixed the problem by changing all my positions to margin. My cash positions messed up their algorithm.

After more research.... intraday buying power restrictions are imposed after a pattern day trading violation occurs. Fidelity's calculation is much more restrictive than required by FINRA, and buggy as well. Once you get tagged as PDT in an IRA at Fidelity, you will have difficulties.

No, this has occurred multiple times, I triple check the order is correct. I keep telling Fidelity they have a bug, they say it's not a bug, it's that my pea brain can't comprehend their incredibly complex margin rules. Then they manually put the order in for me, where they have the override...

On Fidelity I have options level 3 in my IRA with limited margin. I keep getting an error when I try to close spreads that I have had on for weeks, you have 0 intraday buying power. I keep 20k in cash in my 150k account. Do other brokers have this same nonsensical intraday buying power rule...

Thanks, I'll have to try them both since I already have a TOS account. I put an inquiry out to TradeStation as well as they have some interesting features. BTW, Tradestation has an account (Salutes) for active duty, veterans and first responders that is commission free on options and stocks...

I know this thread is a little old.... Are you still using the IB Friends and Family Advisor account, Tom? I read that the IB requires you to use their workstation software, so you have to be on your workstation vs. going through the web browser interface....is that correct? If everyone is...

Are you here in the springs also? At the height of the 2008 crash I made the mistake of A) looking at my 401k B) stumbling across permabear Weiss C) and believing him- that we should all bail out at the bottom and investing is easy, just buy the contrarion newsletter. We'll can all be...

I also started this summer, and my account is up slightly. I got lucky on timing when to switch from 1x to 2x and got the nice UWM bounce. So I had a little beginners luck.

Thanks Alyssa, that was nice. I happen to live down the street from Tom, so we were able to meet. It's nice to know who people are.