I am more interested in his losers, how it went from $52,000 to $4500. You only learn from studying mistakes not winners.
Or...Some people just go back pumping gas at Uncle's Joes garage. An newbie option traders life span is like a butterfly's ..few weeks or 6 months.
Oh so you are that guy. Well next time use stop loss because when you are praying that it will come back its like you are playing a game with rules and your trying to win by cheating .
Wake up deep fried f**khole. Deadbeats like you are encouraging those who lose. Get a moral compass & learn something in life, if not much.
Judging by your avatar you must have some sort of demented ego who thinks he is better than anyone else. I don't know what kind of trader you are but you must be a complete ahole. There are some really good people here that I would like to learn from but it seems that there are also a good number of useless immature losers like this that contribute nothing.
Yes, but let me add this: stops must be placed with some intelligence acknowledging break-out levels, support, resistance, etc. Otherwise, you can just end up with a horrible win percentage....especially tight stops on the e-minis. You'll stay in the game longer, but your account will just bleed consistently and slowly.
I was short term trading highly volatility options such as GOOG, RIMM, BIDU, AAPL, FSLR, DRYS - Aimed at deep money options with high delta +>.90 - Towards the end I started doing less study with the same trades. Maybe got lazy looking at the overall market indicators. Maybe a little overconfident. I probably will not be as aggressive this time around. Not saying I will be playing with scared money, just a bit slower to reduce the risk of potential burnout. Probably do some more reading on market psychology.