04/05/2013 Live Update

[TWT]

$SPX: Corrective stuff but I maintain a bearish scenario

[Darkmatter]

Easiest trade of my life. Who needs fingernails anyway.

[jarbo456]

Easiest trade of my life. Who needs fingernails anyway.

11+% commissions...

gotta love trading options eh?

[Darkmatter]

lol for 1600 profit on a 650 investment in one day, I'd say it's just slightly worth the commission.

I make a near perfect trade and the guy wants to complain about fees.

[jarbo456]

lol for 1600 profit on a 650 investment in one day, I'd say it's just slightly worth the commission.

I make a near perfect trade and the guy wants to complain about fees.

I wasn't commenting on your trades per se, I was merely commiserating about the deplorable costs to options trading. So yeah, congrats on some good options trades.

And yes, exactly, you made $650 worth of trades on $177 commissions. If you broke even for the day, you would've been down 30%. just say'n.

[Darkmatter]

Sure, and your experience will also tell you that I'd pay exactly the same price to trade 80 contracts at 10.00 a piece. It's only such a high percentage because they were priced at 0.5-0.7 cents, which few people are foolish enough to trade.

I'm not bugged by what you said, but be aware that your results will be determined by where you choose to place your focus.

Have a good weekend, I know I will.