All right, let's do some math. Your trades are: 2 short @1229.89, 1 short @1288.60, 1 short @1321.20, 1 short @1572, 1 short @1567, 2 short @1629, 1 short @1642, 1 short @1670, 2 short @1720, 2 short @1742, 2 short @1772, 1 short @1820, 1 short @1842, The S&P 500 is now at 1841. Your loss is: 2 * (1841-1229.89) + 1 * (1841-1288.60) + 1 * (1841-1321.20) + 1 * (1841-1572) + 1 * (1841-1567) + 2 * (1841-1629) + 1 * (1841-1642) + 1 * (1841-1670) + 2 * (1841-1720) + 2 * (1841-1742) + 2 * (1841-1772) + 1 * (1841-1820) + 1 * (1841-1842) = 4229.42 points Assuming that you are trading the ES, your loss is: 4229.42 * 50 = $211,471.00
You forgot to add all the dividends he would have had to pay (or negative futures rolls). Add roughly $40 to the loss (per contract)
It's not real money though. I just don't understand why one would "papertrade" this as there is nothing to be gleamed from the result.
these trades are real money, but they are long entries not short entries this fact will be revealed at a later date
Wagers, smagers.... sure.. 50,000 trillion? I just wanna know one thing- George Bush once said "if you're a single mom with two children, the hardest job in the america... trying to 'put food on your family'" So how do you put food on your family being short on a 40% rally???
... no stops are being used because WE have not planned the date of the next flash crash yet ... if you don't know who WE is , then .... aaaaagh i have said too much