Posted by: eminitrader July 15, 2008
Sajha Traders Unite...Strategy
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If you make more than 4 trades a week you are considered a day-trader so you'll need at least $25,000 in your account. This is true whether you stay with your current broker or a new one.

Looks like you are buying options these days. Just one advice, stay away from thinly traded options like HIMX. If you are going to do options just do large cap stocks or ETFs.

You need to go with discount brokers like Interactive Brokers  or Scottrade. You paid $700+ in commissions, that is 3% of your portfolio. It all adds up.

Since, VIX has spiked you'll get good money for your puts. If I were you I'll start taking some profits here.

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