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Another awesome week, down 14k5. Closed most of my futures this morning, wasn't sure if there is or isn't an unemployment nbr. Not much to say other than life sucks right now. Down almost 10k for the year. I am in capital preservation mode rather than anything else. My pairs trading recovered...

Very true

I capitulated for the most part on my short S&P and yes it's difficult psychologically. I'm short 5 E minis, which is less than 1/3 of what I was short last week. After many comments over the weekend I covered 12 on the open on Sunday, which helped since yesterday I would have gotten killed...

Right now I'm sitting @ 19.7% for the pairs (after commission and borrowing cost). This is using about 3 times leverage on average.

My net liq is lower today than it was on Jan 1st for the first time this year. 6 month trading and nothing to show for while every index fund is up at least 8%. I barely looked at the market today but looked at previous years results. - On average I've had 4 winning days a week...

Who are you cheering for? Have a good game !!

That's why http://en.wiktionary.org/wiki/hindsight_is_20/20. If the results would have been different I guess the recommendation would have been different ;)

80 trades were automated trades this week. The automated system is up about 25k this year. It trades about 1/3 of my net liqu value. The rest was in discretionary trades. I'm very short indexes/ETFs mostly (futures, spy and SPX options). Many of the options are laddered, meaning they have...

So true :(

I'm not sure it'll be that helpful but here you go. 108 trades this week 80 of which were from automated trades. Manual trades were some rolls from previous positions some net new. biggest single equity loser was in IRM (automated trade), most discretionary trades were in SPX, SPY and ES. Most...

Tough trading week again. Down 11k this week. As the first 6 month of trading wind down this year, I'm basically where I started the year (current profit is about 4k which is a daily P&L swing). Good news is that I'm not down yet while the market is going completely against me, bad news is...

I'm not sure if you can call it a target but my goal is ~ 50%/year. Having said that if I'm @ 51% and it is close to the end of the year and I find a good opportunity I'm definitely taking it (with the risk that it'll impact my yearly return).

Listened to a good podcast today (top one Paul Ratchford). https://itunes.apple.com/us/podcast/mental-game-poker-radio-show/id587404138 Think it also applies big time to trading (other than the last 10 minutes).

You're absolutely correct. Looking at this and believing in trend there's very little reason to be short.

Great week. I think the S&P closed up 5 days in a row, couple new all time highs, so perfect conditions for being short. Blew 13k5 this week (yearly profit is @ 16k today so another week like this and I'll be @ Jan 1 again). Based on the fed it'll be blue sky going forward. Nobody is worried...

I don't know (trust my my confidence isn't where it normally is) I don't think it's ego but then again I don't think many folks would recognize it if they stare at it in a mirror.

Great trading day today. Back to where I started this thread if not worse. All my hedges are basically gone and I'm back to having to put them on with worse prices and lower volatility.

lol, so is alcohol and weed and I use both from time to time (recreational). On a more serious note, I do think derivatives give you huge benefits by doing something strategic rather than pick a direction. If I would have put on my position in stock/futures directly my losses would have been...

how come?

Fully agree, working on it ;)