Yes, I have time to day trade. Yes, next time I may lose it all. Even with Diversification you can lose a lot though.
OFFICIAL government massaged inflation is 3.6%. Remember that CPI does not include energy or commodities and it didn't used to include housing either, but since housing started deflating it has been included. They will do anything to make inflation look like a non issue. Start checking your grocery bill, save a years worth and then check them against new ones. You will cry. Also Official inflation numbers are highly influenced by rents, which is something that remains low in a real estate bust like we are currently in the middle of.
Wanna bet the Fed comes up with a new plan to purchase US Treasuries but they won't call it QE3? I am guessing it will happen by the August time frame, the Last of the QE2 happens during the first week of July. The market will probably fall precipitously after that, might wanna start buying put options now. Inverse ETFs look good too. demand for oil is subsiding. DUG over $32 might be worth taking if oil continues down. Of course it all will depend on the FOMC that is in meeting. Perhaps Helicopter Ben will hint at more QE or whatever Euphemism they use, if that happens wally street will let the buy programs go rampant and we could see a nice dead cat bounce, especially in the face of Greece's credit downgrade and the strengthening of the Euro every time they say they have a solution. When the Euro Strengthens, the dollar falls, commodities go up. You can make 3-4% a day doing this, but of course you need the time and the know how and have to be tuned into all the news and be paying attention which at times can be difficult.
Im not too far from retirement age, but today was a good day. I made $6k off a 2 day CAT Trade and CNX I jumped in at $46.60 the other day with 2000 shares. We shall see what Benny and the jets have to say after the FOMC meeting.