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excellent return. Since its a small account what is a typical percent of the balance you commit to a single trade?

I am a DT too but your "all-in" kind of surprise me. what is your edge on this trade? there's only 3 possible outcome market go up, down and sideways and you lose big 2/3. I hope you hedge a little.

I am curious your account have been treading water on the biggest bull run for the pass 4 months. are you over trading? and are you bias on the short side? have you made an assessment why your strategy no longer works when the market is trending?

LOL your first statement sounds ignorant in itself. You realize people form their own opinion from experience. The last I check I am allowed to have my own opinion. Your second statement is factual and amazing compare to your first which is also an opinion btw.

I know their history and its your money so you get to decide what to do with it. I dont need to convince you because its "your" money..:D

Thank you.

but it did happen by your example. everything we do involve some risk. if you dont like or tolerate the risk dont have your money at penson. IMHO the services they provide far out weight the risk I am taking.

yes but you're still pooled with other "customer" accounts so if one of them blow up huge, you wont get your money back.

It all depends on the type of account you have with firm. futures and FX account are not protected, though it can be insured with an outside insurance company.

I have a IB account with them and I dont feel the need to close it down and go somewhere else. They do take on more risk with the margining of certain products but they charge a lower margin interest then most. Just dont have all your trade money with them and if they get insolvent you have to wait.

true trader or not you got more balls then me to go directional thru earning.

shorting thru earning in two weeks? and already 8 points in the red as of right now. This hard to believe.

if you trade volume over 65 contracts a trip optionshouse will be cheaper.

as the devil advocate: these are the type of traders we need more of to support the market. hard earn dollar turns into dumb money for the market.:p

I think your BAC stop was too tight but thats just me. The pull back from the top is the classic 30 percent move.

how many contract are you trading? and if volume is small your b/a will be huge. Its hard to beat commission and slippage over time trading a small amount of contract with 3% expectation. you have to be almost perfect in in every trade to be profitable over time.

stock is at .56 today!

thats exactly what i will do on every losing trade moving forward.

I just want to log all my losing trade this year. My goals are to: 1. determine if the trade was taken with the correct setup. 2. determine how it turned into a losing trade. 4. Finally to minimize the lost in the future facing a similar position. YTD 3 losing trade out of 28 option...

you saw the top today for this week, its going to trade down for the long weekend. remember this have weeklies, the price action will be stagnant.