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Weekly Update for week 18/50 ended 05/15/2010 Great week, up 33K (15.6%). Recovered almost all of last week's plunge. Biggest gain was a regretful one. Hit BIDU puts with 127 contracts, about twice what was intended, when the stock did its final push up to 82 on Thur, immediately closed...

Weekly Update for week 17/50 ended 05/07/2010 Nasty week, down 34K (13.7%). New low for the year. Seems it is becoming two steps forward and one nasty step backward from personal indiscretion or market madness as in this case. Can't complain very much though since for the most part it was my...

Down 56K. This is surreal!

Au contraire, I am counting the cash in my account after scooping up the early morning sell-off. Here are some of the green in my account - Hope they stay!:

Yeah, bought the pull-back to the $705 area on the stock (on Thursday) with calls @ 28.50, closed later at 33.50. Just 10 contracts which netted 5K.

Weekly Update for week 16/50 ended 04/30/2010 Nice week, up 14K (5.8%). Once more got a lot of activity with earnings season and an uptick in volatility. Caught flat-footed on Tuesday with the market sell-off, forced out with a loss of 6K on my SPY call. Made that up and more through the...

Weekly Update for week 15/50 ended 04/24/2010 Nice week, up 12K (5.3%). Lots of activity on the automated front with the stream of earnings in play. Got a decent sum there, plus some nice option plays buying SPY on the dip. Next week should be active well as earnings season peaks...

Weekly Update for week 14/50 ended 04/17/2010 Mournful week, down 37K (14%). Just when I thought I've started getting it together managing the risk. On Wednesday, got stopped out of ISRG on my ISRG shorts when the 6K loss limit was violated (such was the relentless uptrend). Took on too...

Weekly Update for week 13/50 ended 04/10/2010 Moderately positive week, up 5K (2.0%). The week began horribly on Monday. Held only a bunch of shorts in my account, and lost 11K for the day with the market rally. The biggest one was CREE. Faded 3000 @ 76.21, another 2000 @ 77.2, had to...

Yes, by that rule I should have quit within two weeks of opening an account in Dec 1999, and even measuring since my first thread in 2007, I should have quit at least 4 times.

Especially given he has pulled out (cash withdrawal) over 400K from the same account (for tax and personal use) since that first thread! (PS: Just discovered this, and couldn't help but chime in!)

I wrote the programs myself (and of course all the research leading to the strategies). Runs on my computer at home while I toil away in the office for my regular job. No direct connections to the exchange. I 'm not a high-frequency-trader

Au contraire I am doing less discretionary trades now that my automation is coming along. This week I did only 7 discretionary trades (or average less than 2 a day). I can handle that with my normal job. The automated trades are discovered, initiated, and closed by the computer (except when I...

Weekly Update for week 12/50 ended 04/03/2010 Positive week, up 7.8K (3.2%). Nice week with no major surprise, and no forced liquidation. Made two options trades, one lost 1.8K the other gained 2.9K. My automated strategies performed really well, with maximum loss of just $802 and...

Weekly Update for week 11/50 ended 03/27/2010 Moderately negative, down 1K (0.5%). The big loser was a forced sell-out on my put option in BIDU on Wed - yes BIDU once again! Bought 31 contracts worth about 60K put option when the stock spiked again in the morning. Really thought chance...

Weekly Update for week 10/50 ended 03/20/2010 Positive week, up 5.3K (2%). Good again there were no forced stops (on maximum loss), as I seek to go according to the rules on position sizes on the few discretionary trades made. The lack of volatility has meant some of my automated...

Weekly Update for week 9/50 ended 03/13/2010 Positive week, up 4.4K (2%). It is encouraging there were no forced stops (on maximum loss). The losses were smaller size compared to the gains, even if more numerous. The most important thing is to keep operating according to my rules on...

No, I allowed myself to enter discretionary trades before 10am (was 945am two weeks ago). After that my position monitor will not allow any discretionary entries. The purpose of allowing some minutes after the open was to allow for some liquidity before initiating a position I may have seen in...

Weekly Update for week 8/50 ended 03/06/2010 Negative week, down 2.4K. Should have been moderately positive had I restricted myself to only automated trades. The purpose of instituting a max loss per trade (4K for stocks last week) was to contain the urge to average in endlessly...