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i would suggest you to leave the market a while. i understand you are eager to recoup your loss and doing your trading normally. the thing here is very simple: your account is too tiny, just $5000. for example, if you saw a stock like $5, and you thought it will advance $5, that is like...

but not like you, thought to short, end up to go long. that is because you do not trust yourself. you need firmly accept trading is just odd's game, if you have a firm plan, i thought you should be ok. in your mind, you want every trade is a winner, that is impossible. i thought 70% time...

I would say: you not trust your trading or your judegment. the market is full of shit. always there is people try to pick bottom. I was fooled by it many times. I did the same thing as you did today. I shorted the morning jump of YM ( already see dow will be 5000 very near, what the...

is that the only way you can do? if you set a trading company, then whatever(future/option/stocks) you trade, teh gain/loss will be business gain/loss? thanks

just open a future account, trading crude is the same as trading stocks. the same principle of trading holds here: buy low and sell high, sell high and buy low. the same strategies applies: trending following, buy at support, buy at panic drop, sell at resistence, sell at frenzy buy, or...

if you trade future, for example, ES/YM/NQ, or crude CL. if you gained, still it is catergorized as capital gain/loss like stock investment/trading gain? or you can treat it as ordinary income, you may be able to put gains to retirement account and accept social security credit? really...

open a future account. that would be a great solution. or I was annoyed by this rule years and years, I trade different tocks every day, particularly in december/janurary, 61 days gap. in that way, I avoid the wash sale adjustment, that is a headache if you have tons of day trades...

thanks for the reply, I sold it today at 38.13. crude is very volatile, in the morning I sit there several minutes, it dip to 34 under, that scared me, but I kept my GTC limit order at 38.13, then shut down my computer, turn it on in the noon, my order is executed. I thought today's move...

the things are not really like that. when I was with scottrade, they charged round-trip $14.0+, I made good trades, I plan and treat every trade very carefully, I was able to make good money per trade, almost 100% accurate and profitable, some overnight trade even made 200% gain. i hate...

new to cl future, bought 3 contract of cl march at 33.63

bought 1 contract of YM at 7816, sold it at 8033 today. today's market is awesome.

thanks very much, do appreciate your answer

I heard it is very simple to report gain/loss, just print the year around total profit or loss, do not need print every single transaction, do not need do wash sale, is that right?

IF I TRADE INDEX FUTURE? NOT LIKE STOCK TRADING, THERE IS PATTERN DAY TRADER RULE?

never thought trading is a gambling activity. trading is a business activity. you need enough capital, skills of market timing/money mangement/risk management/cash flow efficiency, well-carried trading plan, experience, objective mental status, dsicipline, persistence, confidence, time...

20k no big deal. the market is trending down, you can long those ultra-short ETFs like SKF, QID, SDS, FXP,.... but the bear market is difficult to deal with, even we are trending down, occasinally there are short squeeze, that is why we have 1000points up in dow in one trading session. sharp...

down huge, up huge, then landslide.... get dizzy

please raise your hand, I was making good money

totally agree. every monent is different and unique. someone compared it to 1929 or 2001, but whatever, things are evolving, the government is evolving, they may use different thinks to solve the problems, maybe quick remedy, ..... the market is different too, because of internet, almost...

since everyone is bearish, even non-professionals. all bet on the downside, then suddenly the massive short squeeze. if you do not buy or cover, you dead! that is why bear market has lots of sharp rallies. I bought WCG at 6.3 and sold it at 9.8, can you imagine, I gained 50% in one hour...