Surf, do you have a personal rule against spelling out Monroe Trout's name? Whatever was that rule's genesis?
Because he used IB as his broker. I had short straddle on ER2 680 on the same day, and IB issued margin call at the day the market was not opened. My account was locked, and i was unable to close my position at the next day when the market was opened. IB liquidated my position at the worst time when the spread was over $15 (basically no ask at the time of the trade was executed around 10 am). Just after the execution, the ask was a lot lower (more than $5) than my execution price. My IB account was gone, and i was killed by the spread. IB made most money as the market maker. Don't you know? BTW my overall portfolio did okay in Jan.
As legend would have it, his great-great grandfather; Theodore Reynolds-Douchebag the Third was one of the proud pioneers of telegraph trolling!
"Strategy update... After learning some hard lessons with the big oil market loss in October, I am sticking with our tried-and-true strategies of short term trading and selling options when the premiums are high. "
Let's not forget Horatio Brutus Douchbagus, the great Roman orator who used to stand in the forum and make wrong predictions about the market daily.
this is freaking depressing (if he really did blow up)........i wonder if this is the fate of all traders............no matter how well you have it, its just a matter of time before you give it all back...............i'll be withdrawing profits weekly now on........put profits into long term safe investments.....speculate with no more than 20% of net wealth.......all it takes is ONE day/week/month you get reckless and get caught over-leveraged on the wrong side of a black swan and its all over very quickly......then if you try to "get even" after that then you probably end up homeless.