I agree with Jimmybob,
Tell Scottrade you have some experience and...
Simply ask for:
The ability to BUY OPTIONS.
That would mean...
You can (short) PUT- As in BUY PUTS (BEARISH)
AND
You can (long) CALL- As in BUY CALLS (BULLISH)
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OPTIONS BASICALLY....
Gives you a 100 x 1 LEVERAGE so....
You really dont want to actually SELL PUTS AKA- YOU << Short the market and have UNLIMITED DOWNSIDE as jimmybob mentioned.
Loosing ALL YOUR CASH- is bad enough.
Lossing NEGATIVE MONEY....Aint no joke.
If you can be succesful in your first 3 option trades...
you may have success.
But hitting 3 in a row in this playing field is tricky without commissions etc eating you alive- via scottrade @ 1.25 / per contract.
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P.S..
You will need 2,000 upfront to open the account.
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Follow the MODS on the board, they have good DD/Timing in options.
Best to you. -VERITAS77 =)
It is a puzzling thing. The truth knocks on the door and you say, "Go away, I'm looking for the truth," and so it goes away. Puzzling.
Stop by the ETERNITY board for a contrarian approach to all mattersof life
