out of remaining 12 at 1972 for a loss of 12*50 = 600 $. Total loss = 900$ Account Equity = 94,625 - 900 = 93,725 USD
You're down 45k.... I'm not going to do the math but I have to imagine that margin call has been hit already.
Hey, I have been way too busy with my real trading to update on this position. And I am sorry that I haven't updated since you and obviously some other folks must be keeping tabs. Actually, I underwent a 6k drawdown in my real acccount, and it was keeping me very busy. I have managed to make back 5k, so still in 1k drawdown in my real account. I closed my real account that had a long position from average price of 1956 at 1936 on Monday. So, I lost 20 points on each contract which is 1000$ per contract in my real account.
In light of above post, markets have been very volatile after Argentina default, I could not update my above position in time. I would have closed my long position in this paper account at 1936, in accordance with my real account. So, "Assuming" a close at 1936, my PL PL on 10 from 1964 = 10*50*28 = -14,000 USD PL on 8 from 1940 = 8*50*4 = -1,600 USD Total Loss = -15,600 Account Equity = 93,725 - 15,600 = 78,125 USD
NOTE In above post, I understand market is now at 1905 and I am updating with market price at 1936. There are 2 things that can be learnt from this experience: 1) Journal integrity has been breached. 2) I don't have "enough" interest and desire to update this journal "always" during live markets. So, I have decided to close this journal here and start a new journal. http://elitetrader.com/vb/showthread.php?p=4007947#post4007947
Yea but you were "interested" enough to update this journal promptly when you were booking paper profits. But whatever man.