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I could have done much better. The earlier losses in the week ate up most if the gains. FWLT did not do as well as some of the other stocks in my shortlist on the bounce. AAPL, RIMM, MA which were also on my shortlist could have handed better gains, with lesser bid/ask spreads. I picked on FWLT...

Why are you touting this stock? How much of a position do you have to unload? I can see it spiked at the close on Friday. Was that you taking your position?

It all boils down to whether the traders have an edge or not, and how frequently they trade. Some of these folks are making like 50 round-trips a day. Even with a slight edge, say 60% chance of a win on each trade, after that number of trades, the odds that you will have more winners than losers...

Weekly Update for week 25 ended 08/17/2007 What a turbulent market! What a turbulence in my own account this week!! Really awful trading for the most part this week. Was down about 48K on Thursday morning before being rescued by the right call on FWLT as the market bottomed, closing the...

Down, but not for the reason you mentioned. I don't BUY and HOLD

10% of your figure is just 10billion! No big deal.

That is a good question. I try to multi-task (work and check positions). So far my work is not suffering (at least my employers do not think so). Besides my company allows some flexibility in meeting my deadlines (like working from home outside of market hours to complete some tasks). Meetings...

I have always believed there is great potentials in options. But like any other strategy, I scale down considerably when it does not show good returns. Up till the start of this thread I have made bad losses in options, so it was not worth committing much buying power to it. Ultimately going...

Looks like you are so numerically challenged you do not realise that 33% decline 3 times in sequence on current balance does not amount to a 100% loss. Do the maths. Start with 100000, loss 33%, repeat with balance, loss 33%. Do it again. What does the final drawdown come to? 99 or 100% in your...

Weekly Update for week 24 ended 08/10/2007 Spectacular week! Another record one-week gain for the past one year (up 67%). Glad to have recovered all of last week's loss plus some more. A few weeks ago it was momentum madness, now it is extreme volatility turning up some great trades if you...

But frankly wouldn't you like to get a college degree (if you don't already!), assuming you can do it without surrendering your money-minting machine? I know the financial reward may not be the motivation, but there are other things beside the financial reward.

Thanks for your concern. It's just sort of funny that the volatility in my account is causing some readers more agony that it is causing me. Accepted I sometimes go beyond the exposure I intended, but overall I am comfortable with the measured risk I am taking. Cutting out those impulsive...

Thanks. I do intend indeed to focus more on well-thought-out trades vs seat-of-the-pants salvos. My sizing on average is not bad, I just have to resist the temptatio to step up huge that comes from time to time. I think the losses played a part in making me go for the jugular in that trade...

it doesn't appear that it is going to be doing that anytime soon? With a monthly withdrawal of 6K, now stepped up to 10K, faithfully executed since the thread started from 76K, and you still do not see that? Strange! 170K taken out last year and you still do not see that? Very strange indeed. I...

O yea, that particular loss (61K) was a trade made on emotions (the entry, that is). There is no reason to have chased the stock on the way up (could have gotten it when it was down, but looked away). An of course the size taken was sheer complacency, and perhaps an urge to get a good profit...

Weekly Update for week 23 ended 08/03/2007 I wish I didn't have to report this horrible performance so soon. But here it is. Only 7 profitable trades out of 23 for the week. Realized a loss of 10K from the position carried forward from last week. Altogether lost 30K before Wednesday. Then...

Not necessarily. Somewhere between the bid and ask, at a level I feel I could obtain an execution. Of course if I am in a hurry to get out or get in, I could hit the bid or ask. I determine quantity based on amount of money I want to lay out. Again that is normally a percentage of my...

Shares not available to short at Ameritrade ($35.5). Should be buying puts tomorrow at these prices.

Read the complete sentence: ..while being exposed to the potential of a $1 gap against you.