I do have the IB account now, although I am not sure they will allow me to trade options. Anyway, I think I can papertrade options via IB. I did notice their Probability Lab, and I look forward to playing with that.
The reason why I want a TOS account though is that I have been learning about options via Tastytrade, and they of course teach everything via TOS screens.
TOS has high commissions, though, so I do not think it's a realistic approach for trading once I get beyond the novice stage. Maybe use them for reference and trade via IB or Optionshouse is a better approach?
Now, as soon as the sobering weight of this bad trade is lifted, my first impulse is want to take the balance of my account and make a drunken hail mary revenge trade in something, anything at all, related to Ali Baba. Something that will instantly redeem me.
Ok, so one of the things I learned from the Steve Ward course was to simply stop, count to ten, and try to get awareness of these toxic feelings that are trying to push me back into trading blind. Once you get some awareness of the feelings, if you can identify it, then you can a grip on it. And then sobriety can set in again.
The first thing that comes to mind after revenge is Fear Of Missing Out. As in "Every darned retail investor out there it gonna make a bundle off $BABA, except me."
Well, um, no. The voice of sobriety tells me the Goldman Sachs is going to make a shitload of money.
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"A person filled with gumption doesn't sit around dissipating and stewing about things. He's at the front of the train of his own awareness, watching to see what's up the track and meeting it when it comes. That's gumption."
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