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They're not more inherently dangerous than any other leveraged/margined instrument when used reasonably. Just because you lack self control doesn't mean the rest of the universe does. I don't think you understand options entirely. There's more to options than simply punting around steamroller...

How did this thread morph from a debate into a trading journal? Just let it die.

Account with 2 million balance and he "scored" a measly 5k via blatant fraud?

Ticks but sometimes include the amount of contracts to make it more understandable on the size of a move. I try to work less with dollars because of the mindset problems it causes.

IMO big/smart money won't reveal their hand. It's almost never how it looks, even with a print. These days I categorize all outlier sizes as the same, spoof or not, as intentionally misleading or a trap.

Or trade futures and don't bother with any of it plus Even More(tm) leverage. :-)

So delay the inevitable and put everything into pure hope that the economy will magically fix itself? Rates are like 5% of the actual problem and the current policy has not demonstrated any effective usefulness other than making a bunch of equity holders richer.

The problem here is that the Fed is creating a deep hole in the process of doing this. They're basically pot committed and have nowhere to go at this point. It's giant fucking hack that obviously isn't working and the fact that it's been allowed to go on for almost 7 years straight is almost...

If one is that consistent that it's month in month out the same thing the natural next step is to size up. 2k/month? How about try for 2k a DAY.

Closed some euro session NQ shorts for about 130 ticks, still have the ES shorts and VIX longs. We shall see; the market is 99% BS anyway.

Holding my ES shorts from 2116.25 and long VXM5 from 14.6.

I take it you got killed here?

Uh no, it was like mid 600s if I remember right.

Related: http://www.zerohedge.com/news/2015-06-03/goldman-sachs-rookie-analyst-almost-escaped-falling-his-death

IMO every "rally" is a pump to fill those shorts.

Can personally attest to luckily avoiding being crushed by WTI/Brent mean-reversion spread trading. I had a 4 lot position that I halved which then eventually made my losses back and about 200 (aggregate) ticks profit. Even though I made money I probably shouldn't have gotten in the trade.

I'm not adding anymore short positions until the general mood is "recovery" and "bullish." If the market shits itself between now and then then I'll probably end up stepping in early. IMO big money is or has been getting their sell orders filled.

Right, because there's no such thing as social inequality and everyone is born equal. News to surf, the good 'ole USA is *not* egalitarian. There are literally generations of people who have to fight like hell to break out of the shit they're in. Do you think these people are even going to come...

There's always a chance to add to the winner just like usual. If I'm dead wrong from the start I'd rather take a loss on 50-75% of the full size than 100%. We cannot be right all the time, and I feel it's a reasonable compromise. More often than not, things don't just take off.

If I get on on a weak hand shake out then I use tight stops and size up then. I usually have to have a resting limit order for this ahead of time though. In the situations where I'm not setup already, I don't have the best read at the time but the read becomes better, or there's still a bit of...