Trader P/L 2008

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i may end up going down in ET history for blowups. so far since oct 2 alone, i've had:

-47m
-98m
and now.... breaking into 6 figures: -102m

i'm a living breathing cautionary tale. the good news is that i have decimated this acct to the point that margin requirements will make it nearly impossible (but, hey, don't count me out- i can do it!) for me to match the 6 figure loss unless i add to the acct (THAT is NOT happening).

so... for all those wondering if anyone could be so inept as to lose $ yesterday- look no further. the -102 was yesterday.

the blotter does no properly reflect the full extent because: 1. IB randomly updates some items, not all and 2. i lost another 22m after hours and after the screenshot. the 925m yen gain (~$9m US$) was from day before.

no screen shot (IB just now cleared last night's blotter), but i spent the night fighting back $26m, so the loss yesterday and last night was -76m.
 

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OMG, getting out of Tuco made you god :)
Congrats!!

Quote from lescor:

I've really run out of superlatives to describe this market and the cash it's dropping in my lap. My best day ever is followed by my second best day ever. To put it in perspective, yesterday's total wasn't too far off my best year ever and today's total is within spitting distance of eclipsing last year's p/l total.

Just to preempt the pm's, I trade stocks only and I'm not offering mentoring. Today rocked because I was long financials up the wazoo overnight and then got pretty short on the open and had the patience not to cover too soon.

CBuster, I know how you feel man. I've had keystroke errors that have cost me huge. HUGE. Certain strategies, especially ones that fire off tons of orders, have the potential to knock you out if things get out of hand. Glad you managed it ok. The experience will strengthen you as a trader though.
More...
 
<i>"i'm a living breathing cautionary tale. the good news is that i have decimated this acct to the point that margin requirements will make it nearly impossible (but, hey, don't count me out- i can do it!) for me to match the 6 figure loss unless i add to the acct..."</i>

Reality check: if you had merely traded with the prevailing directional swings instead of fading against, you'd probably be up $1mm or more in the past three days.

Your simple (but very hard) solution is to change your mental = emotional approach 180 degrees. Buy rising tapes, sell falling tapes. If you know how, it's just that simple. If you don't know how, for God's sake pay someone to teach you how... right now before you're totally broke.

Anyone stone stupid enough to advise against that needs to be bitch-slapped 247,000 times until they see the light. None of that loss was necessary. It was needless, senseless and tragic. Now go and trade WITH the tape instead of against it. You'll like that outcome much better.
 
Good day today, that was a fairly easy gap to fade.

Yesterday kinda sucked as I had a bunch of dough then got run over into the close. Who da thunk the DJIA would be up 900+?
Not me. Finished red a couple K.
 

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