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It ain’t called catching, its called fishing


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It ain’t called catching, its called fishing

  #131 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
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deaddog View Post
TOS? Why not IB?
If you are learning you should practice on demo.

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?

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  #132 (permalink)
 tmurray 
Atlanta, Georgia
 
Experience: Beginner
Platform: TOS, Tradestation
Trading: Stocks
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You could open a TD Ameritrade account through Tasty Trade and get there discount. Option contracts are $1.50.

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  #133 (permalink)
TimingZones
Walla Walla, Washington USA
 
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new here but read over your posts and can relate to your persistence.

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  #134 (permalink)
Limitless100
New York, New York
 
Posts: 97 since May 2014
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Just read through most of your thread, thanks for posting! I admire your attitude towards trading/investing.

Any updates?

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  #135 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
Thanks Given: 844
Thanks Received: 1,416

I am gone fishin for the summer.

One of my rules is that trading and fishing don't mix.


Sent from my iPhone using Tapatalk


"Persistence is very important. You should not give up unless you are forced to give up." -- Elon Musk
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  #136 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
Thanks Given: 844
Thanks Received: 1,416

That's it, I am selling the USLV. And fuck me.

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  #137 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
Thanks Given: 844
Thanks Received: 1,416

Maybe the only thing I really learned in one year of carrying this loser is that it's a heavy psychological weight. It just crushes you to hold on to something like this.

Now that I have decided to sell, it's like the weight is lifted.

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  #138 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
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A year ago I didn't even know there was such a thing as "revenge trading."

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.

Ahem.

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.

Awareness. Fear.

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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  #139 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
Thanks Given: 844
Thanks Received: 1,416

A little mystery quote for today:

"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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  #140 (permalink)
 
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 ratfink 
Birmingham UK
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
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suko View Post
A little mystery quote for today:

"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."

What's done is gone, there's only now and what's to come.

Travel Well
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