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Finished the week up around 2% or so. A little worse than the markets did, but I had almost no exposure whatsoever. I executed brilliantly. And that is more important than the 1% underperformance to the broad indexes. On monday, my system has me going long emerging markets and the...

The only black day you will experience will be the one where they roast your balls over a 5% market meltup while you are 130% short. As for when, could happen any day of the week.

Just give up....figure out why you like trading, and rechannel that focus elsewhere. you can do it.

Closed all index positions today plus a TNA swing trade. Decent day, but only made about .75%. Slightly better than the broad benchmark However, I am now net short. Not balls to the wall, but Ive got a 3% risk short trade on, 4 week horizon. Its clear to me that the market will be...

No disrespect taken, and i appreciate being challenged and appropriate criticism. One might argue I was up 85% earlier this year on dumb luck, and thats why i lost it all. However, I believe I had a decent trading strategy but psychologically crumbled during severely adverse market...

I forgot to mention I am now assuming an incredibly short bias....my portfolio last week looked like this: 50% Emerging Markets 50% QQQQs 50% TLT 15% VXX 5% hedges on long positions On Monday, im closing my QQQQ and emerigng market long positions and moving to...

Made about 1% last week versus market losing about 1%-2%. Not bad. But, I lost 3% on Friday, so was having a much better week. I was being cheap and trying to make it until Monday to re-hedge my long positions. I hate buying next months PUTS on the day or two before OE, however this...

up 8% currently, after having been up 85% YTD in april. Low-mid 6 figs accounts....currently trying not to completely blow up and finish the year positive and ahead of the broad-based benchmarks :-/

The last two weeks have been hectic, to say the least. I am up about 1% during the two week period, with a 6% drawdown in the interim. Looks like the S&P is about flat over the same period, with a similar drawdown, so I slightly outperformed the benchmark. However, I made some stupid...

Brief update for the week- Stuck to strategy, finished the week down about 1.2%. Not bad versus the broader market, which was down nearly 4%. However, i still lost money. Key to the strategy is to minimize losses on down swings, and amplify gains when the market is going up. So...

Thanks...you are always so positive :) Being up 7% is what keeps me from being totally morose. However, i've racked up 40k (or about 25%) in transaction fees in the process, and suffered a 60% drawdown. I could have spared myself a lot of stress just being long the SPY and giving up...

Actually, no i didn't. I got through probably the first two-thirds but didn't finish for some reason. That reminds me, going to go back through it from the beginning now to see if I can pick up anything useful for swing trading. I was mostly looking at it from an intraday basis before.

trader198, you are definitely right that i've been "bitten"...i will be "trading scared" for a while...agree with all your points though. thnx

Thanks for the vote of confidence. I will probably move to 100% swing trading at the end of the year if I can just execute this system and hit my targets. Right now its more important for me to demonstrate that I can stick to a plan, keep my drawdowns low, and demonstrate consistent...

Time for another update: Even though it's been more than a month since "The Calamity", the burn is still fresh in my mind. After suffering more or less a complete loss of control and calamitous losses at the hands of CL in May, I have radically altered my investing strategy. First...

been there, done that....not in about 5 years, tho.

not getting futures quotes atm

planning to go long at 1071.5

no, its not because tankers aren't available. the reason they aren't vacuuming it up is very simple -- BP is using a toxic chemical dispersant, at the source of the leak, to break the oil up. unfortunately, the net effect is that it simply molecularly mixes with water forming huge...

i guess you two are from texas....pretty typical. i could give two squats about obama, in fact i detest all government. but in particular i hate the idiots and corrupt hypocrites featured here: <object width="640" height="385"><param name="movie"...