Going live with a small account

I funded a Tastyworks account two weeks ago and am going to just post its profit/loss data here ... I think I've proven the neutral trade sufficiently for myself, and I hope for you readers.

I started with $6500 on July 13, and so far the "net liq" in the account is ... $6512.23. As you'll recall, the trade has more room to the downside, so the market lately hasn't been optimal:

But by putting only 1/4 of the stake in every week, this keeps a big chunk from being whipsawed to a Trump-inspired loss all at once.

Also note: this is net of commissions.  Tastyworks commissions are so low, this is very helpful in trying to keep trading profitably.

More soon ...

New brokerage from the ThinkorSwim guy is low-price leader!

Tom Sosnoff and company have just launched (in January) TastyWorks, a new brokerage currently allowing options and stock trades, with API trading and futures coming soon.

The commission structure just knocks the stuffing out of the industry:

• $1 per option contract (plus 10 cents clearing fee)
• $5 per stock trade (plus $0.0008 per share clearing fee)
• $2.50 per futures contract (plus 30 cents per contract clearing fee)

And the kicker is: these are trade opening prices only; closing any trade is commission-free.

The API is supposed to be REST-type, so should be usable with any programming language. And if they publish the specs in the open, this should take a big bite out of Interactive Brokers within a short time.

Good luck, TastyWorks; I'm rooting for you!