Boiler Room: The Official Stock Market Discussion
Keep an eye on this:
theworldismine13
God Emperor of SOHH
I'm all for taxing the rich but this is retarded
theworldismine13
God Emperor of SOHH
Just signed up for this prop firm, only one I know of that lets you go options and options spreads
If this is legit I'm about to be rich
theworldismine13
God Emperor of SOHH
Pause
Is the government going to pay those people back when the assets they're taxing that haven't been realized fall in value? This is stupid.
What they need to do is have a forced distribution where if you're worth over X amount and have X amount in assets they force you to realize gains on a percentage of your assets kinda like they force people in their 70s to cash out some of their 401K. Should be targeted to people using these assets to shield their wealth and have a huge excess of them. If you're a billionaire and taking $1 in salary and the rest in stock options you don't cash out type stuff.
Why do people do prop firms?
Maybe apld.I got a bunch of shares of Amazon at $181 and Google at $178.
Any other stocks on y’alls radar with potential to grow like that?
Or just wait for a pullback and play the same ones again
That means shot up.
theworldismine13
God Emperor of SOHH
Working capital, in this case you get 25K. I do a lot of option spreads which require a lot of capital but have small returns.
Like let's say you do a spread for 250, and the return is $10, you are risking 250 to get 10 which on the surface seems like a waste but the chances of it winning are 90 percent
But if you do the trade with 25k you would be risking 25k to get 1000 with 90 percent chance of winning
But to answer your question generally, most people use prop firms to trade futures, futures require a lot of capital that most people don't have
The link I posted is one that does options, it's the only one as far as I know, I think a lot of people here do options so somebody should find it interesting
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who_better_than_me
Time to go!!
What type of spreads you do?
theworldismine13
God Emperor of SOHH
Bull credit, put credit at less than 15 delta on weekly options. This technically (not really) gives you at least an 85% chance of winning
Then check that the weekly candle is green/red and you also check that the hull moving average is green/red on the daily. You scan for these.
And don't do it if it's an earnings week like I did on Msft
. I have a bull put spread at 390 that was looking great yesterday and is hanging on a thread now 
