<p>is it a rocket science?? I am not getting anything you people are saying. more "commoner" language plz</p>
<p>Awesome...I thought I was doing well as a student making $20k/year. Have been trying to get some money on eTrade, but that has been tough because I have been paying all of my tuition, rent, etc. out of my personal checking account. Upside though is that I have barely touched my college savings fund...that money will become mine upon graduation, it will be very nice to actually have a good amount of money and no debt right after college.</p>
<p>Anyways, bearcats, will you be around AA this summer? I have a good internship in the area and will have some money to throw around. If you are interested in doing a little work, I will probably have some schemes going on eBay as well - almost no-risk. Haven't really done anything on eBay in a couple months, but around the holidays was doing $2k profit/month.</p>
<p>I'm happy with my 400$ a week poker playing...</p>
<p>How much money do you need to start doing this? Right now I've got about $1,000 in the bank and I'll be getting some more from graduation.</p>
<p>JHS-Thanks for the explanation.</p>
<p>I shoulda've applied to the b school. damnit.</p>
<p>Sick. I like that strategy bearcats. I wish I could throw around ideas with you, but I only just started messing with a few grand on etrade. Once I figure out what I'm doing I'll be PM'ing you. If nothing else I could teach you how to make bank from poker lol, I've been playing pro for a bit.</p>
<p>u could have retired</p>
<p>What happened to your apple money.</p>
<p>Bearcats, aren’t you a junior? I could’ve sworn you said you were a junior on the thread you posted saying you wanted to transfer.</p>
<p>"Bearcats, aren’t you a junior? "
the thread is 2 years old you know? I have only used a small chunk of the money to pay tuition so far… out of state tuition that is.</p>
<p>Oh. Who would bump up a 2 year old thread?</p>
<p>^this thread was created back in april 08 so he was a freshy back then</p>
<p>“Oh. Who would bump up a 2 year old thread?”</p>
<p>Stargazing would. </p>
<p>Where did you learn about options and investing in general bearcats? I thought I saw you mention a class in the thread, but can’t find it again. What class?</p>
<p>Ya, I’ve been doing general stock investing since I was 16 (had to register an Ameritrade account under my mom till I was 18 lol) but I’ve never been confident enough to attempt doing options (never really understood how they work).</p>
<p>options is all math. Read john hull. but I never really read much before last year anyway.</p>
<p>Have you invested anything since then?</p>
<p>Nice to see someone else on these boards who does the same as me 
I do call and put on option house. OH is one of the best platforms to work on man, check it out.
I usually mess around with bidu, goog, number of ETFs, apple, shld, and others for some quick profits. I have around 40k tied in with mutual funds to bring in easy growth and no risk, which I wish I could say for a couple years back when it got wiped out and had to start from scratch. But I’ve more than recovered so it’s all good.
On scottrade, I have couple k all in one stock that has a dividend of 9-13%.</p>
<p>“options is all math. Read john hull. but I never really read much before last year anyway.”</p>
<p>How did you learn? About stocks too since I don’t know how to invest at all (and I assume I have to learn about stocks before options). If however, the way you learned isn’t possible for me (I think I’ve seen you mention that you have family in investment banking, so if you learned from them), is reading books the best way?</p>
<p>Reading the Preface of that book (I assume you were talking about the “Options, Futures, and other Derivatives” book), it says that it assumes an introductory course in Finance. Is that necessary (in which case, should I go sit in one or read the book for one) or can I get by without it?</p>
<p>Options is a zero-sum game (excluding costs). That means the money you make is another person’s loss. In order to make a lot of money, you need to beat the other people in the market. It’s not some miracle moneymaking scheme. It takes a lot of smart decisions, inside information, or a lot of risk and luck (as in bearcats’ case). You can lose everything on one bet. Use them wisely.</p>