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But you posted at least 2 years of 55% percent drawdowns. And if you add in even a minimal amount of (realistic) slippage which your backtest ignores, you could be looking at over 60% drawdowns. And you're really going to sit there at your keyboard and tell me that you would have continued to...

Absolutely right. The best solution is to use more than one broker, for a number of reasons. They all have strengths and weaknesses.

Yes, etrade will answer quickly, but with often incorrect info and an awful trading platform. You may wait longer for IB, but they have a much higher level of trading expertise. That's my experience with many years at both companies.

LOL, so true. AM radio is like $100.hr an hour to buy your own half hour of air time.

The bull market is over for this decade. All your decisions should have that in the background. You've had a nice ride, but all things come to an end. Pigs have been fed, but now hogs will get slaughtered.

Google sheets will link with Google finance. Do a search. Google, of course.

Ouch. XIV and SVXY, rest in peace. You were great fun while it lasted.

You are correct. That will happen. And the problem with selling options on any instruments is that inexperienced traders will often have a few months of success, get complacent, start to push the envelope, and BANG. They're dead. So going forward, you must plan for the worst-case-scenario...

It's called market risk, and every 'stock' in the 'stock' market is exposed to market risk. If that concerns you, then (1) Trade instruments that are not related to the US stock market, (2) Trade indexes, or (3) Understand how movement in the market may impact a stock, and integrate it into...

Gartman wrote in his newsletter: “We were long of a sizeable position in a blockchain focused company that was the victim of a CNBC expose....” WTF? His position was a victim of a CNBC report? How about he was a victim of his own stupid, newbie mistake?

Trader status, which is an issue with the IRS, has nothing to do with creating an entity, such as an LLC. You're lost in the weeds here.

You won't get a mortgage based on trading income. Lenders term it investment income, and will not lend on it. Can't blame them. Your alternative is to create an entity and pay yourself a salary for a couple years, which can qualify as "earned income."

No, you can't expect to profit with puts as an alternative to shorting stock, based on your system profile. You're already nailed the main issues. If you still have any doubts - which you shouldn't - then trade a single contract on a few of your target shorts, and follow the results...

They've been very clear in their information. And even if a trader didn't bother to read the prospectus, he or she should have been well aware that holding these instruments overnight put them at great overall market risk. The responsibility in this case is clearly on the trader, not on the...

No matter what the market, no matter what the instrument, the same rules always hold true: 1. USE STOPS 2. HOLD OVERNIGHT AT YOUR OWN RISK The folks who were hurt this week ignored one or both.

Personally, I've always preferred to appear to be a trader, rather than actually trading. Men respect me, women grovel at my feet, and the hours are better.

If you're looking for a long-term entry point, my advice is to keep your powder dry. Wait to put the market bottom in the rearview mirror. Too much uncertainty at the moment.

VXX puts. A safer play, anyway.

I'm thinking VXX puts.

Sorry to read your story. I trade volatility, but at any time VIX hits 25, I am on the sidelines. Cash is a position.