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How much of the $40k or whatever it is, is a loan? Didn't you say you had like $10-12k or something in cash at the beginning of the journal, why not just use that with futures/options and get all the leverage you need without risking money you don't have? Sounds like you've made your mind up...

I feel the music is about to stop lol....buuuut could be completely wrong lol

I feel the music is about to stop lol....buuuut could be completely wrong lol

I've missed all this journal, did you go live with real money or are you sim trading?

lofty expectations! You are anticipating a 50% rally in 8 months if oil moves higher?

1. yes 2. Commodity curves are more based on supply/demand, storage,seasonality, etc I believe 2. The underlying of what? But typically the underlying of anything should have a correlation to the futures. If oil spot skyrockets, I would assume oil would move up. Again it all comes down to...

How has everything been going for you since starting this last year? From what I've seen you post in chat and messages it appears pretty well!

I feel this shouldn't even warrant a response, but ok say you enter and let it move 10 cents against you, you close it out. Price moves back up to your initial entry, you get back in, then price moves back down again. And you stop out with another 10 cents. So now you are down 20-24 cents plus...

So the system is selling covered calls and your hedge is just getting in and out of the stock position if it crosses your entry? What if it goes a penny below your entry, a penny above, back and forth...soo much spent on the spread and commission potentially.

Yikes. Hadn't seen that news on EXXI. Oh well! Still has been quite profitable. CHK has performed very well. It's nearing a triple and I've made a double on the preferreds. I've made enough at this point on my winners that I could get zero on the rest and come out positive so that's a plus...

I worked in one for a few years in a tiny one and got to help turn them around, was a ton of fun working there as you get to play a part in so much stuff. We had a killer ROA, regulators asked us to increase the interest paid on savings and CD's to lower it lol. Also very nice for getting low...

It is up to 3 years on a regular audit, and if they find serious errors they can go up to 6 years back. SO 6 years is the safest option I guess

IB is $2.03 per trade for me on ES so $4.06 RT.

Yeah...bad day for my AGN position lol

When I first started trading, I mentioned a few things to my wife and she said I don't care about any of that, just don't put my money into any of it and you can do whatever you want...sooo that was the end of that lol. She was standing next to me talking once early on and I made like $2k in a...

Yeah, I'm up 7% or so on it, but was up quite a bit more than that and have watched it disappear. I've closed out half of my position

I've got a little of credit Suisse and it seems like they've had somewhat similar action with the big drops

Are any of you all playing this potential merger? http://www.streetinsider.com/Corporate+News/Pfizer+(PFE),+Allergan+(AGN)+Enter+~$160B+Merger/11098755.html I read about it awhile back, but to be honest haven't really looked into it that much until today. Currently Allergan is trading at a...

Well....looks like now it is time for a VRX rally. Lol