I never did that before until now. Quickly plucked a pesky weed from this thread. Thanks! Neke, previously you could say you were in a "slump". But up 30K one week, down 15K the next is no longer defined as a slump; it's a natural pullback in an uptrend
And another 13.6k loss in SPY means you've lost over $110,000 on SPY calls and puts. These are not your bag. Did you ever stop to think this is a contrarian indicator? If it's up, it'll be down next, more than likely. Same as if it's down, it'll be up, you chase your trades too much.
Where on earth are you getting your figures from? Just to set the record right, I went back to my last year and this year trades to calculate how much made through options. For the period covered by last years thread (1/10/2008 - 12/27/2008) I made 358K in options, of which SPY calls/puts accounted for 265K (mostly in the last 4 months of the year). This year, I am down 92K in options, of which SPY calls/puts are down just 2.3K (including this week's loss). So why not ask instead of cooking up figures?
Well there is some rounding, since you only post your largest wins and losses. If you were to go back on <i>this</i> thread (as I never had interest in following the other one), you have mostly large losses in SPY puts and calls totalling more than 110k now. I'm not saying those are your actual numbers, but I think that that doesn't fit with what you're saying you only lost 2.3k, when your largest losses from specifically spy options have been substantial. While I can accept that you only post the largest winning and losing trades, I seriously doubt you're only down 2.3k in spy options. The losses you've reported in the past are substantial, and you're not doing hundreds of trades a day for teenies. Mostly your position trading intraday, so I'd have to say I don't believe you.
I don't mind responding to reasonable request for information, but when someone decides to fabricate information to glorify unreasoning skepticism, it becomes irritating. Let me give you the benefit of the doubt. Here are the SPY calls/puts (OPTIONS) mentionned in this years thread: Code: SWGEM 2009-05-06-09-57-34 2009-05-06-10-52-30 20000 43400 36200 -7515 SPY CALL SWGEM 2009-05-08-11-51-23 2009-05-08-14-41-13 20000 44600 53800 8885 SPY CALL SWGFQ 2009-06-05-09-33-21 2009-06-05-10-00-16 30000 65400 52200 -13672 SPY CALL SZCAD 2009-01-15-10-36-40 2009-01-15-14-02-34 10000 15400 22500 6936 SPY CALL SZCAJ 2009-01-12-10-08-27 2009-01-12-15-42-35 35000 58138 38500 -20191 SPY CALL SZCBD 2009-02-12-13-02-04 2009-02-12-15-01-43 40000 87000 66000 -21621 SPY CALL SZCCU 2009-03-02-10-41-48 2009-03-03-13-33-36 40000 94000 71008 -23620 SPY CALL SZCCZ 2009-02-20-14-43-46 2009-02-20-14-53-49 45000 153000 166500 12810 SPY MAR CALL SZCDC 2009-03-23-14-51-56 2009-03-23-15-40-11 20000 63795 71400 7441 SPY CALL SZCDE 2009-03-25-10-37-18 2009-03-25-12-47-16 20000 59000 51200 -8114 SPY CALL SZCEJ 2009-04-29-14-33-46 2009-04-29-15-32-31 20000 51600 42800 -9122 SPY CALL SZCNH 2009-02-06-12-30-45 2009-02-06-15-39-26 60000 138000 132616 -6313 SPY PUT SZCOR 2009-03-05-10-14-11 2009-03-05-11-58-38 20000 55800 71000 14886 SPY PUT SZCOX 2009-03-13-10-07-27 2009-03-13-11-18-23 20000 36800 47430 10316 SPY PUT SZCPA 2009-03-30-09-45-42 2009-03-30-15-05-15 20000 59200 68000 8486 SPY PUT The total comes to -40K not -110K like you claimed. Now show the list you used. Everyone knows I post my biggest gainers/losers. My win percentage is high (roughly 60%), but the size of my biggest losers outstrip that of the biggest gainers ( could blame that on averaging down). So why is it difficult to believe that the total loss could be 2.3K even though the total for the top gainers/lossers (let's even say equal count) could be as high as 40K?
Looks like I was counting SPY <i>AND</i> SPY Calls and Puts. Must have double counted one of the -20k losses. But this is what I get in chronological order from the thread on your SPY trades: -20191 -10030 10016 8245 -7771 8456 -6313 -21621 12810 14886 -23620 -8824 13439 10316 -12715 -23958 7441 -8114 8486 -6313 -9122 8885 -7515 -7174 -13672 Comes to almost -$84k. And that's trading SPY and Spy derivatives. Either way, Neke, by continuing to trade those, I don't think you're being very kind to your money.
Nothing, but maybe the passerby who comes across the article puts it into context. If I had to pick one thing Neke's lost on, it's SPY and its derivatives. I know it will help others put his trading into context.