Taking 320K to 3.5million by Year End 2009
- Thread starter neke
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Never heard of flat rate options pricing before. Shall take a look. have always wondered why all these folks have to charge so much per contract. I spoke to Ameritrade asking what their variable cost per contract is - the cost to Ameritrade, why they have to charge me 75c per contract. They said they would get back to me, they haven't.
Obviously, some that trades your size, should be able to get a better deal.
I saw this by googling for cheapest option broker
Options Broker
www.InteractiveBrokers.com Options Brokered As Low As $0.15/Contract + Exchange Fees.
If this helps you out, please feel free to re-pay the favor....
I saw this by googling for cheapest option broker
Options Broker
www.InteractiveBrokers.com Options Brokered As Low As $0.15/Contract + Exchange Fees.
If this helps you out, please feel free to re-pay the favor....
Weekly Update for week 34/50 ended 09/05/2009
Painful and turbulent week, down 67K. Lost all of last week's gain, and some.
The disaster started on Tues. Bought SPY calls as the market went down, another attempt at buy on pull-back. Ended disastrously with a loss of 32K wiping out my earlier gain on a put on CME the same day. Set of a chain of frenzied action which only served to deepen the loss. Went long AIG as it sold off, closed for a loss of 24K, turned round and bought puts on the same, closed it for a loss of 20K. Came later in the day trying to call a bottom on the sell off with SPY calls. Lost 13K once again. The rest of the week fared no better, as excessive leverage on FCX calls ensured I booked a loss at the worst time before the stock rebounded: should have finished with a gain. Ditto IAG stock.
Hope I can forget the week, and move forward.
Painful and turbulent week, down 67K. Lost all of last week's gain, and some.
The disaster started on Tues. Bought SPY calls as the market went down, another attempt at buy on pull-back. Ended disastrously with a loss of 32K wiping out my earlier gain on a put on CME the same day. Set of a chain of frenzied action which only served to deepen the loss. Went long AIG as it sold off, closed for a loss of 24K, turned round and bought puts on the same, closed it for a loss of 20K. Came later in the day trying to call a bottom on the sell off with SPY calls. Lost 13K once again. The rest of the week fared no better, as excessive leverage on FCX calls ensured I booked a loss at the worst time before the stock rebounded: should have finished with a gain. Ditto IAG stock.
Hope I can forget the week, and move forward.
Code:
Opening Balance: 431,444
Net loss for the week -67,078
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Net Balance: 364,366
Number of Trades 32
Number of Profitable Trades 18
Since Inception of Thread 01/10/2009 - 09/05/2009
Opening Balance: 320,064
Net gain (Less Margin Interest) 44,302 (Up 13.8%)
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Net Balance 364,366
Number of Trades 909
Number of Profitable Trades 565
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
CMEUU 2009-09-01-10-03-00 2009-09-01-10-54-54 12200 107680 136665 28802 CME PUT
AMED 2009-09-03-09-41-38 2009-09-03-09-55-35 6193 195167 206819 11619 LONG
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SWGIW 2009-09-01-13-44-07 2009-09-01-15-50-43 100000 184000 172000 -13318 SPY CALL
IAG 2009-09-03-12-54-40 2009-09-03-15-48-11 49748 718806 699272 -19679 SHORT
IKGUJ 2009-09-01-12-31-50 2009-09-01-13-46-32 30000 141000 120900 -20528 AIG PUT
FCXIM 2009-09-03-09-30-33 2009-09-03-10-47-00 80000 162833 141600 -22312 FCX CALL
AIG 2009-09-01-10-48-46 2009-09-01-12-29-21 8000 316989 292612 -24413 LONG
SWGIW 2009-09-01-11-00-57 2009-09-01-12-41-10 100000 217800 186675 -32472 SPY CALLDispite the losses, you have what it takes to make it as a trader. You had a losing trade but weren't afraid to get back in.
question to you sir. Did you follow your system on EVERY trade?..if so don't worry about this week. you'll come back.
question to you sir. Did you follow your system on EVERY trade?..if so don't worry about this week. you'll come back.
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