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~500k. If it drops to ~400 I deposit more (or if I'm over leveraged and need to deposit more for margin), if it goes to 600 I take money out. Half @ IB, half @ TD, both are portfolio margin.

No you had it right the first time. Now to put this into perspective, I just assumed we'd have a larger sell off or at least a sideways market. You have to have some kind of assumption/conviction where the market is going, not just be focused on the $$$ amount. Otherwise I may have closed...

Swan, I don't have that ability (I'm missing that skill and have little hope to ever master it), yet I do believe in buying low and selling high as this has worked for me for many years. Just like there's trend and mean reverting indicators and they don't do well in the wrong market and it's an...

Thanks for the help, like I said I take any help I can get, so don't look at my response as anything but that. Yes we've had a decent pull back (roughly 6%) in February and after that month I was up about 70k. However had I known that we would just turn around right after that and rally...

I guess I look at trading as playing poker (which based on laws is considered gambling). You're making an educated guess based on your analysis and if you're convinced enough that you have an edge you put on the trade. Once the trade is on though all bets are off and you're hoping for the best...

Sure, how do I do that?

Consistency depends on its definition I guess. Yes I've had typically winning years other than 06 and 13. I haven't broken it down to winning month but I would assume it's close to 75/25, however the 25 % month that are not winning are typically significantly worse (loss wise) than a normal...

Sorry you'll have to do this over the weekend :( I hope for the 3 day turn around ;)

Consider this my last post in this thread. 1. First of all taking a screenshot doesn't really show anything, you can take the same screen shots in paper trading accounts afaik. Here's the problem with screen shots (and yes I've attached today's and it took 15 minutes to get them). To get a...

Thanks for the support, I'll need a lot of help to get back on track. Basically nothing is working right now and life sucks. At least I am back to 187 pounds so that's a small success. Must be cause every time I look at my P&L I'm throwing up. Down 24k4 for the week and basically where I...

Thx for clarifying. Unfortunately it's too much effort to grab the screen shots from two accounts on a daily basis, especially when they're that bad ;) Have fun.

-6595 ouch

not sure what you mean with live but it was less painful than today that's for sure

That kind of day. Thanks again Dolemite for keeping my loss < 10k today (not much less but still at least it wasn't 5 digits).

No shit ;) It's a cooler. Love your threads btw neke, have been following them for many years. Now I do have to make a shoutout to Dolemite, he saved me 3 grand due to bringing some perspective into this. Still going to be a very painful day :(

So would you rather be short at all time highs or long? Or more directly, would you buy the market here or go short if you don't have any existing position?

Couple of reasons on the 2k trades. One is that it makes justifying trader tax status easier. The IRS is mostly worried about the nbr. of trades, not really the size of each one (at least based on what my accountant says). The more important one is that for the automated trades it's easier...

Yea, you're probably right. I guess crying isn't an acceptable hedge strategy, so I guess I'll have to reduce some of my delta otherwise. Bought a couple futures and will get a couple more tomorrow morning. Just hate to lock it in.

Had another rough day today, getting close to killing my 2014 profits if we continue making new S&P highs. Living the dream !!

-5137 living the dream again today