Recent content by sappjason

you did exactly what you intended to you and provided yelp is above $25 per share by June 21st, you will pocket that $400 in premium that you took in, the other day. the reason you are seeing a negative value for your calls is because they have increased in value and you are short, so you...

LOL. That's FREAKIN' AWESOME G. Jason

Hey Gambler. Good to see you again. And thanks!!! Jason

I've attached a graph of my Net P/L since I actually started becoming a consistently profitable day trader in 2008. I'm not claiming that this is the most impressive performance on the planet, but I'm very happy with it. Also notice (that in dollar terms), I have a nice looking exponential...

Well, you are wrong about that.... Jason

Hey Mononoke, I wish I could give you advice, but (to be honest), I don't have any. The only thing that makes sense, based on what you've described is to do much longer term trading. But, I can't help you there either. Sorry..... Jason

I am a US Equities day trader and I have approx 13 positions per day. My EV is around .19. This means that (on average), I make 19% of my RISK SIZE per trade. My risk size is around $550 per trade, so this means that I make an average of only $104.50 per trade. Now, my average TRADE SIZE is...

Hey Ghost, Any pointers on where I can get more educated on "bust out" levels for various US equities exchanges? I did very well today (+$24k) and I've reviewed all of my trades that took place in between 2:40 and 3:00 and it looks like I'm in very good shape. But, for future reference...

I trade US equities during normal market hours. I trade about 3500 positions per year. On one or two occasions, I've had a stop order not execute, but in all cases, it was due to problems at my brokerage (Interactive Brokers) on simulated stop orders that my brokerage implements. Now (with...

Hey Blotto, Sorry it took me so long to get back to you on this. I have actually considered going prop and have talked to a few. I've opted out of doing it (however) at this time, because (as you know), I've automated against IB's API and writing my system against a new back-end would...

I'm an intraday automated equities trader and my risk size is a max of .25%. This includes commissions and estimated slippage. If it's a very busy day and my system is putting on a lot of positions, it starts to decrease my risk size (until I run out of intra-day buying power). Today (as an...

Attached is my net P/L starting this year with around 197K. So far, up +24%. However, I'm looking very forward to +24% equaling say $100K (versus $47K)..... Still, this will do just fine. Jason

Hey Gang, I just started posting my P/L here about 1 week ago, but I'm going to stop. I'm an automated trader, but on Friday, I actually interfered with my automated system and exited a trade manually. I only do this on extremely rare occasions and I believe the reason I did it on Friday...

Hello, I'm trying to figure out if I can write off various expenses for my day-trading last year. I had about $3300 in various expenses that were directly related to my day-trading activity (co-location server fees, data feed fees, cell phone fees, etc). How can I (or can I) write these...