Originally Posted by RebelT09
Closed out all my positions this morning to end the week around $4,250 or so. I feel I'm quickly finding my niche in this wild game, thus I believe I'm more suited toward trading options on an intra-day basis. From what I have found, I can call moves on a 15min/5min chart better than any other time frame. I'll revise my method AGAIN this weekend and in the mean time I'll be opening up a cash account with eoption to make my method possible. Good luck to all and happy trading!
Rebel, a guy on here turned me onto Forex recently and I've given up options all together and also kissed the day-trading rules goodbye as well. I'm up 30% in 3 days. (actually I've been doing it for about 2 weeks now, was up 30%, lost it, and gained it back today 7/16 lol) commissions are only about a $1.00 through ToS as well. I can't see myself ever going back to stocks/options. you can get as much or more leverage compared to options also (if you want), but you gotta be careful with position size just like with anything. Do some paper trading for a while to get the hang of it, but i bet you'll catch on quick...i feel that I have.
there is a good "beginners" thread over in the forex section that helped give me the basics. also, you can trade 24hrs/day except between friday at 4pm EST and sunday 4pm EST I think.