Jeez! it's been a while since i've posted. my fx account pretty much blew up. it was a good lesson learned. way over leveraged and fx is too slow for me (although i have touched the futures and they move f'n fast).
i spoke with a trader last weekend and he taught me some neat stuff, mostly psychological. i think i'm starting to get the hang of futures trading--making sure i have hard stops in place. lesson learned though, i lost more than $3,000 last thursday trying to swing trade the ES, but that thing tanked HARD. picked up a couple of ES options and then we find out that the US gov't is bailing out Fannie Mae and Freddie Mac. That put me in the money of around $1,500, although I covered quite quickly. While picking up the call options, I quickly learned that I'm an idiot. It seems that these future options trade around the clock (stock options trade only during trading hours), so the spread was huge and my bid for the options was only a couple of dimes under the highest bid--so that set me back a good amount before the day even opened.
I'm heading over to the west coas for a trip this Wednesday, so I'm not sure if i will be trading much. I don't want any positions open while i'm gone but I am still short those SHLD vertical calls. Let's hope SHLD closes under $100 next week (even though it has touched $95 and that's getting me a bit nervous).
Good trading all!
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