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Hey, I am not pissing at 12K!. I said it was a modest gain only in the ontext of the moves that happened the day before to my account. Of course I would be thrilled to have 12K a day everyday, but it doesn't come that way.

I have normal retail buying power (2Xaccount value overnight, and 4X account value intraday), though most of the time I am using only a part of that.

Weekly Update for week 7/50 ended 2/26/2011 Awful week, down 36K (12%). Suffered severe losses with the market meltdown. Was caught long in the market on Tues sell-off. Lost 15K. Then came Wed, and as the early morning weakness came, scooped up a number of names: NFLX CMG BIDU etc in stock...

No experience. Journals started only in 2007 (my alias shows I registered here in Nov 2006)

Weekly Update for week 6/50 ended 2/19/2011 Nice week, up 11.7K (4%). Gains here and there offset by little losers there. No major loss to report. Opening Balance: 296,230 Net gain for the week 11,748 ------------------------------------------------ Net...

Hmmm, I thought you have given up on POT when you took up CL. I wasn't sure you still found fun there :)

I didn't bother to respond because I think it is all laid out in my opening post. Yes, from a balance of 5.3K in Nov 2004, I made 936.7K (profit) in the 6 year/2month period reported. For 2005, like I explained before, I brought in some money sometime after the start of the year, but took out...

Just checked out your rule, and it cost me huge this time :D !!! I went long at the highs (276.80) AH, and lost (exited 260). Then went short (PUTS with price at 245 after market opened near the lows) and again lost.

If the stock is moving on breaking news (like earnings) and have decent volume, pre-/post- market normally affords me good entry points if I have a fundamental reason to enter. Yes, CMG stock cost me 8K from the post-market entry this week (the option - which cost 29K - was initiated after the...

Weekly Update for week 5/50 ended 2/12/2011 Frustrating week, up 5K (1.7%). Saw my good handwork and steady profit for the week almost wiped out by two trades on Friday. Began the week on a good note, fading most of the network stocks that had run too far, making more than 20K as they...

Weekly Update for week 4/50 ended 2/5/2011 Another down week, off 14K (4.6%). Got a drubbing shorting APKT on Wed - lost 18K - as the stock ran from 62.24 at open to close the day at 67.35. I look at the "earnings beat" and the P/E on that stock and keep shaking my head at the reaction from...

Weekly Update for week 3/50 ended 1/28/2011 Horrible week, down 31K (9%). Was having a quiet week - until Friday. Bought some AMZN call when it opened after its earnings thinking the stock was showing strength in the face of what was a bad report. Paid too much for the option and closed...

Yes, I was having an OK/moderately positive week until Friday when the meltdown happened. Down big. You got me!

Whenever you trade options, you have to factor in a "spread cost" before deciding whether it is viable or not. For liquid stock/options, the spread is small, so you do not have to get a fantastic opportunity to break-even. For (B) I would say do not trade it unless you feel this is a...

Weekly Update for week 2/50 ended 1/22/2011 Another flat week, down $340 (0%). Lots of volatility on the account this time, with earnings in the spotlight. The most dramatic was losing 18K on a call after FFIV reported on Thurs morning. Quickly reversed and got same number of puts, making...

It isn't a tax-free account. I mentioned my cash withdrawal last week (30K) was tax free only in the sense I had no profit to report for last year.

Mostly down to personal trading issues, but also the market didn't really play to my strategies.

Weekly Update for week 1/50 ended 1/15/2011 Flattish week, up 1K (0%). Not much happening, except seeing my gains for Mon-Wed wiped out by a few trades on Thurs and Fri. Opening Balance: 335,899 Net gain for the week 870...

After taking out 30K, now have 336K to start the new thread: 2011: Rebuilding My Battered Account [EDIT BY MAGNA]: At neke's request this thread has been closed.

Last year, I set out to take 410K to 4 million by Year End 2010, sustaining a loss of 11% during the period ending Jan 8 2011. At the worst part of that draw-down (Oct 2010, with the loss nearly 50%), I thought of shutting down the thread and starting a new one with the current title. However, I...