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WELL I LOST 26% OF MY ACCOUNT THE SIX MONTHS PRACTISING TRADING WITH REAL MONEY DURING 2011. MOSTLY I BELIEVE, TO THE EXCHANGES BLOCKING ME, WHEN I STARTED TO MAKE MONEY VOLATILITY TRADING ON A WEEKLY BASIS. THEY SAID I WAS A PATTERN TRADER AND CAN ONLY TRADER MULTIPLE DAYS. FOR 2012, I WAS...

Well it´s December 19th today a Monday. Not only did I NOT make back my losses mid year, I was unable to get back to my original starting capital of $10,000. Nearly did it, day trading, closing trades before the close. But ran afoul of the EXCHANGES and they say I am not allowed to day...

Thats an interesting comment. Might give it a try? I was thinking of throwing in the towel. Closing my account and opening with another broker maybe? I like the platform at TOS, but they are severely crimping my style and ability to exit a losing trade. I´ve lost my edge in ability to...

I´m enjoying this. It´s good for a laugh and chuckle. To make money you do have to bet on a direction. It is a bet though. Getting my head handed to me on a platter today. Ouch! When I could day trade, was doing okay, but the EXCHANGE called me a pattern trader and now I get...

Thought I´d just pass this on, for comparison sake, for a lot of newbies. This is an article for traders in the country of Belize. Mostly USA retiree types. You will notice the paragraph, lower down, and my opinionated piece on SPREAD TRADING. __________________________ Friday...

It´s much harder trading multiple days. With the EXCHANGE putting me at a disadvantage. I hate letting a profit run overnight and I also hate not being able to close a short trade with a profit, because I´m not allowed to, forcing a loss by holding overnight. Trying SWING TRADING, and so...

Are you enquiring what my wife is thinking, or the Exchange is thinking? I have no idea at all. It´s my money, I should be able to trade how I please.

Okay Redduke That statement was not entirely true. They will allow you to DAY TRADE if you have $25,000 more in your account. My wife will not let me put $25,000 in the account, so I trade with $10,000. I was doing really well as a day trader. The trick was learning direction and...

Credit Spreads can technically generate a monthly income, BUT will destroy you when the market drops or changes. Destroy you totally, ALL YOUR ACCOUNT, or 95% of it. A 5% drop in the market will damage you to the point that your account will only have a smidgen left. A 10% market...

I spent the best part of two years, trying many different spread trading techniques. Some of them work, but small bets of your account size, earning 3% or so, per winning trade, just isn´t it, for me. The idea is to earn money on your whole account. It has to increase say at 40% a year...

I spent the best part of a year doing credit spreads. Fictitiously paper trading. Turned out to be a waste of time. In that year, I pyramided and doubled the money twice pretty much, but twice the market dived and wiped me out. There are others on here can explain it better. If you...

I´m no longer trading the long straddles ICEMAN. I tried legging in, but it didn´t work too well I´m trading straight buying, of puts and calls. I understand the risk management being offered and am well aware of it. Just beating my own drum for a while. I´m a person learns the...

Having an argument with an accountant. She insists that I will only pay 15% on profits for short term index option trading. I have been told 40% by somebody on here. Now I´m really confused?

Heck let him brag. I would too! Big congratulations in a very tough racket.

Thankyou for the 40% number BBK.

I find this interesting. As a small retail trader, option indexes this year, can´t say I´ve made consistantly any money yet. Still dithering around trying things. One point though, if I do show a profit for the end of the year, how do I calculate the tax on option trading profit. I´ve...

Yeah I´m trading QQQ options. If I was still doing my day trading I´d be making out like a bandit. But they have warned me off as a DAY TRADER, or PATTERN TRADER. Can´t take a quick profit each day. By day trading with more contracts it was really getting good. Then I ended up doing 4...

Man o´man! I´ve not been able to switch from DAY TRADING with a winning system, to overnight multiple day trades as required by the EXCHANGE. I´m on a ruddy losing streak that is hurting bad.

Double top on SPY, means down. In QQQ I´m getting that now. Guess I´m going to hold overnight looks like. I´m about a dollar negative now, so my - $700 reduced to - $400. If the QQQ will move another strike down, I will be okay. Going in the right direction anyway. I need it to...

I´m short holding PUTS. Should have held longer before entering. In hindsight I can see my mistake. Still until a breakout above resistance I´m going to hold. Still some time left in this week to get my move.