Cool thanks KN.
I have an inside on something I think will work, takes 2-3 hours a day but if you have a bankroll of 20k can make $150 a day doing it. Just have a lot to learn before I try it.
It deals with setting up options daily to play the differences between night and day trades.
That seems too good to be true to be honest.
I mean, unless you are doing all of the work yourself in this, it is impossible to invest $20,000 and get back ~$54,000 in a year.
If you said $150 per month, that would more in line with today's rates.
Correction: You are playing a
huge risk on this. I read about a trader doing pretty much the same thing you are doing and made a little over a million dollars in gains, but that guy was not only able to determine the deal, but got really lucky that the deal didn't fall through and that the stock grew to more than twice it's value in 2 days. Personally, I wouldn't be surprised if that trader had insider information in this case.
About 95% of the time you will end up with little to no gain or loss by doing this, and the other 5% of the time you would actually get a sizable gain or (most of the time, especially if the options are about to expire) loss.
Like I said before, it's a huge risk, and you get a medium size return on it. That's mainly why I don't do short-term gains, because I'm very risk adverse.