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I love the concept that you are trading on their money. You risked your
capital, spent your time and ended with a profit the past few trades. Yet
you are willing to give it back, because you feel it is theirs and if you
loss you won't feel bad. Did you ever think of giving your boss back his pay
check if things went bad at the office or if you were in a service business
figure that you would give back your fee? You are in business. That money
is yours just as much as a pay check or a fee paid to you for services. If
you lose tomorrow, you have lost. You mark to the market every night and
that is where you are. Win or lose that is what you have and it is all
yours. Win or loss your bills keep coming in and it costs the same to live
whether you are a trader, a doctor or a plumber. Depending upon income the
toys are just more expensive. Even gamblers say they earn their money, it is
not winnings to them. They work hard for it. You may not think so, but
sitting at a table for 8 hours, figuring probabilities and grinding out $100
or $200 an hour is not a glamorous occupation whether it is Vegas, Reno,
Atlantic City, Europe the Carribean Islands or on a cruise ship. I wish you
luck in your trading and may the future be as good to you as the past few
trades. Ira.
schnakeus wrote:
> Hello everyone,
>
> Bought May 34 long QQQ calls @ .75 today. Sold my long May 35 puts
> for 1.80(could've held out for more) yesterday, purchased on 4-17 @
> 1.25. Totally seat of my pants discretionary type trading(please
> don't attack me; since BobsKC has posted some of his trades I thought
> I might also), 5 down naz days. Looking for a pop soon. will sell
> intra-day @ 1.20-1.30. I'm on their money(as my riverboat gambling
> friend always says) as the last 3-in a row have been profitable.
> Looking for 32 or so as a bottom before a boounce and further decline
> to re-test 28. I could be wrong(disclaimer :').
>
> Steve
>
>
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>
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