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added 600@8.71 of ADLR my total now is 2000 share at a cost basis of 7.8. DNDN calls turning against me today a little.

thanks for the informative answer. maybe someday I will have to try out prop trading, maybe with your firm. I do contract work and sometime I have a lot of down time to trade and do research. Other time I will be out on the road 3 to 6 month at a time. So not much time to trade. I figure...

thanks for answering Don. I was doing a little research on prop firms. my conclusion so far is other then the help with greater leverage(when needed) what is a retail trader like myself have to gain from joining a prop firm. and what does a prop firm gain from me if I was a profitable...

are they all day trading shop? I know the goal is to make money but you have to churn a certain amount of shares per day? or you can go at your own pace?

I just reread my original post on this journal and most of it doesn't apply to my trading strategy now. With that said, I am still swing trading and using more derivatives in my position has hedges. This is a risk adverse strategy that I am trying to implement which will produce net position...

Thanks. Just making sure its been awhile since I use my IB account.

Does anyone know first hand how IB handle covered calls? do they do it right? like in calling your shares away instead of buying new shares. if you have the answer thanks.

sold to open 50 April 5 call@.75 of DNDN hedge: buy order 5000@ a bit under strike price. DNDN - EOD - 3.72 not much to do today mostly stay on the sideline and do some research. I did like the option prices on DNDN looking to hold pass the FDA panel on the 29th. EOD price of the April 5...

I have left this account idle for more then a year!!!! I think its time to restart my trading, since I got a little down time. some of the holding took a dive and some went up but all in all I have a paper lost of -$4100. my account is $20,300 with the paper loss. I'll try to keep a semi...

Wow, its been a while since I took off for my trip. Hope everyone is doing good. I am ready to get back to this account but I am working on a project and it will last till the end of February. till then I don't have anytime to do research or free time during RTH. So hopefully by the end of...

no trade for today or for the rest of the week. I'll probably concentrate the rest of the week on my other account, trading YM futures. I have to admit the dow volatility is as good as it gets right now intraday as well as intra week. I promise I will trade this account as soon as I get back in...

Thanks guys for the kind words. If you have a big family you know how it is at holiday time and this year we are the traveller, last year they came to us. Oh and peils don't worry buddy. We can race when I get back until you're blue in the face... :D

no trades today. not that I didn't get any signal. I didn't even turn on my screens for this system. I was busy planning my trips and looking at my other account. This is the last week of trading before time off for the holidays, I'll be in Dallas next week, Trenton the week after and las...

WEEK 3 REPORT Total shares traded = 26,000 Total fees = -$158 Total Realized P/L = $571 Total Unrealized P/L = $0 Total P/L = $571 Percent of Change from last week = -3.4% Percent of Change from starting capital (21K) = -4.2% Cumulative return is = 19% Week 1 = 23725 Week 2 =...

I'll be in vegas 12/26-12/28 ...might drop by the office and check the operation out.... any terminal for the walk in.....:D

granville, It's a market nuetral system so I expect the system to perform in all market condition. I will take on long or short position depending on the signal it gives me. I backtested with data from 1990-2005, so I am fairly confident that it will perform during a bear market as well as a...

If I was him I would take all of these comments as challenges to my man hood and "killinit" in the market.....:mad: don't talk the talk if you dont walk the walk...goodluck!!!

granville, Thanks for reminding me, I thought the only audience I have is myself and peil so I haven't post any numbers but since you requested,here it. Hopefully things turn greener for me tomorrow...

my middle name is swammy

Peil, again I think you miss read.... it was the unrealized profit was given back...I didn't have an unrealized loss... while your advice is good, it doesn't apply to this situation. let me explain again. I had about $1500 unrealized profit last friday then on Monday,Tuesday, Wednesday of...