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"Losers average losers" - Paul Tudor Jones :) http://www.turtletrader.com/losers-average-losers.html

My equity was at 120k in Jan but now down to only ~100k. I don't have problem pulling the trigger on a small loss but how do you pull the trigger on a big $20k unrealized loss? It's easier said than done... :(

Gold is better than cash in this case. :)

Did that mean you were not really hedged even if you owned puts when the exchanges were closed indefinitely?

I wasn't into options back then. What happened to the options market when the exchange was closed for a few days and you wanted to get out?

Just bought Jun 380 Put to get my downside risk hedged. Looking to sell Jun 460 Call to lower the cost of the put with a collar.

Do you need to know every option strategy on this planet to make big money or try to specialize in a few of them if they have been working for you?

Down another 8%... WTF?

Lots of panic put buying this morning. The Qs may bounce off intraday double bottom. Remember stocks don't go up or down in a straight line. Thoughts?

http://www.elitetrader.com/vb/showthread.php?threadid=69400

Letting a loss ride and out of control until you are forced to bail.

Cost basis is 460 but the stock is nowhere near that due to the recent market beating. Selling near-term CC pays me only 0.6 premium per contract. Is there any way to generate more income from holding the stock while I wait for it to recover? Thanks!

Does anyone know how foreign stock listed as OTC works? I'm checking out Porsche stock (symbol: PSEPF) but it has no volume. How do you buy and sell this thing through a US online broker?

Are they the only firm that executes a limit order at market if you place the limit above the current market price?

Today is expiration but the position is still not trading at max profit if I close it at market. What gives? It's currently ~$200 off max profit for 10 contracts.

The Homies

Keeps drifting lower. The margin hangman is working overtime.

Why is the stock down 4% today? :confused: Don't notice any major news.

A lot of new investors made a lot of paper profit on the way up. Now see how they will hold up on the way down. It could get ugly like the tech bubble burst in 2000.

Say the account equity is 100k and you place your stop loss when any position moves against you by 1k. Does position sizing like that sound right to you if my goal is to minimize drawdown?