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Unless you invest such a small amount that even if you win, you didn't win much. But also, some swing trades are easier to predict. Some of them are flat out obvious. There are quite a few obvious predictions around this virus scare... The indices will go up when it's over, oil will rebound, etc.

It's comparatively boring, but... There's no way to try to get the returns I get with trading unless I take very risky/leveraged positions.

Yes. And just the fear of imagining what would happen if it plummeted like the headlines were saying. It has actually gone up since open.

Or just focus on building houses!!!

I must remind everyone that I wasn't paying attention to the fact that it was nearing closing time on Friday when I bought them. There was a weekend in March where it went down 8 points. That's what I had running through my mind this whole weekend. I was glad to just lose $16k. Honestly, I...

So I'll stick to the S&P where I have stops in place. Rather than expose myself to unlimited risk like I did here.

Already sold them at 31.57. I'm happy with that. −16940 loss. It's up since then. This was way too much risk to expose myself to.

Sold them all at 31.57. Total loss −$16,940. Not too bad. Lesson learned.

There has actually been some good news. All parties want an agreement on supply cuts. Russia and Saudi Arabia are said to have made some progress. Norway said they would introduce supply cuts if other countries do. Maybe it will open positive! It's about 2 hours until judgement day.

It only needs to go down to $33.20 for a margin call on 1 contact. Then, about every $0.95 after that. I will have all 7 called at 26.57. Although I am transferring more cash in.

And you'd have to define "like crazy"

If it doesn't gap like crazy, I will sell it all.

I also read that Saudi Arabia delayed releasing its oil prices until after the Thursday meeting. They would otherwise have been released today. All sides want to come to agreement. I think prices will rise on Thursday if I can hang in there.

There's nothing I can do to get out of the situation I'm in. Telling me I should have calculated risk better doesn't change anything for my present situation. If it opens and I'm down $20k, I'll probably take that and be happy with it.

On longer-term trades, there can be a move in the opposite direction before it goes your way. If I wasn't involved in such highly leveraged trades, it wouldn't be a problem. If I had bought these contracts at 1:1, then I could afford to let it go down before climbing back to the levels I...

Well we'll see what happens. I already admitted I wasn't paying attention. If oil went up 7 points and I won $49k just like that... I would have felt like a genius, but it wouldn't have stopped me from doing something foolish in the future. Hopefully this one will. I have already assumed that...

I have used sim accounts for various things (Forex, futures, options, etc.) and have lost lots of paper money and thought nothing of it. I didn't feel it as real. I'm now in the position of feeling it for real in live markets beginning in about 4.5 hours. It's hard for sim to feel real.

Can you give some recent examples? Preferably ones that you profitably traded from?

I'm not sure it's a bad idea, though. It would give me a wider cushion before they force a sale. If I had $1 million in the account, then I wouldn't even be worrying. I would just be waiting for prices to rise to normal levels. And sell for a profit even if that takes 6-8 months.

Never mind. This is a terrible idea. I could lose all the additional money also.