Nice, apex! Help me out here. I know little about options, less about spreads. Was the $33.5K for one spread play? What was the cash or margin requirement for that?
Day (7) ER Mini ----------------------------- #1) +2.7 #2) + .9 #3) 0 #4) +2.3 #5) 0 #6) -1.4 ------------------ (+4.5 points x100=$450)- (6RT x5.5=$33.00)= +$417.00 6 Day total=+ $546.00 Today =+ $417.00 ----------------------------- Cumulative=+ $963.00 Only did half day. Should have stopped after #5, that was already an ill-advised trade as I was supposed to stay out of the market during that type of market action. #6 just hammered it home. Cut myself off and went to fix a widow. Have a great day. JIM
DAY 10 + 1.75 no story, had to work no time for market. 1.75 x 50 less 3 x 5 = $72.50 less %40 taxes = $72.60 - $29 = $43.50. Hope tomorrow will be better.
Day (8) ER Mini ----------------------------- #1) + .5 #2) - .5 ------------------ (0 points x100=$ 0)- (2RT x5.5=$11.00)= -$11.00 7 Day total=+ $963.00 Today =- $11.00 ----------------------------- Cumulative=+ $952.00 Had stuff to do in a couple other areas. Should have just stayed away but was wooed by the trades when I came by to see if my bias was correct. Should have stayed away until tonight. Didn't have enough time to stick around with a postion. Got all scalpy. That first trade went to my target and should have netted 3+. Not smart play and wouldn't or shouldn't do this with real money. See ya tomorrow. JIM