sonatines futures trading adventure thread. current expenses: -$689

[sonatine]

2 / 5 accounts past funding threshold.

[sonatine]

botched the close on that +$2500, hopefully can weasel ticks back without hitting the drawdown tomorrow.

[sonatine]

4 accounts are essentially funded, i just need to keep their balance above $3000 for the next 10 days...

the 5th account, i very stupidly tried to level up on NQ assuming amzn was going to carry the market only to watch amzn drop like 2% and that was that. im going to probably rebuy later today but honestly i feel like i could do really good work on 4 accounts with 2 contracts on each so im a bit on the fence. plus my nerves are fucking shot so im not making any decisions for a few hours.

gonna tuck into my breakfast and not worry about things.

[gauchojake]

That's a lot of bars

[sonatine]

airlines / natural gas / oil crashing..... clorox mooning.

this could get real fuckin serious.

[sonatine]

im sticking with the 4 accounts ?and?i?will?tell?you?why:

so there are different account profiles / risk management tradeoff options available on funded accounts. the one im targetting has the following characteristics:

- static drawdown / $2500 drawdown limit. meaning after im funded, if i draw down 9k off a 10k position, im still funded/in good standing.

- 6 week trading window before i can make my first withdrawal, subsequent withdrawals can be made every 30 calendar days, max $1500 per account for the first 6 months basically.

so 4 accounts, $1500 each = $6000 a month i can cash out. lets assume they rake their 20% so $4800 will hit my account every month. i might just decide to stick that into a normal, unraked futures trading account i let go idle some time ago, which will let me add another 2 contracts to the 4 accounts / 2 contracts per scheme im leaning into right now.

and i can of course slave all these funded + personal accounts together under one master account and trade them all using a nifty piece of software i picked up.

so yeah, feeling good right now.

and in the near term of course, im trading 2 contracts with a $2500 drawdown on 4 accounts, so its like trading 8 contract lots with a 10k drawdown.

and obviously if i pad out the cash balance on these accounts, i can quite comfortably trade up to _32_ contracts at once with them. which is $1600 a point. which is totally fucking bonkers.

and just to put a finer point on that; im _choosing_ to only trade 2 contracts here. they will absolutely let me ape into 32 contract positions with these 4 accounts if i so desire.

for less than $1000 invested.

so yeah this could get spicy.

[sonatine]

i might reset the fifth account because i have no idea which data feed subscription its associated with and im worried ill cancel the wrong account's feed and im too antisocial to reach out to their support department to get clarity.

[sonatine]

minor plot twist i also reached funding threshold on a 15 contract / $150,000 leverage topstep funding account i was dicking around with this morning. i need to log 7 more trading days on it before it vests, so to speak. noted primarily because youll likely see 6 accounts trading, not 5, providing i can bring the 5th leeloo account into funding without getting stop loss'd (i reset it this morning).

-$883.20

account leverage, pending funding:: $400,000 / 5 accounts
accounts below funding threshold: 1

[sonatine]

aaaaaaand 5 leeloo accounts and 1 topstep in the bag.

its the 8th.... so by the 23rd i should have 6 funded accounts trading in unison, which will equal 12 eminis with something like a $12,000 drawdown.

for less than $1000 invested.

if i can average 2 points a day (weirder has happened) thats right about $11k a month after fees / rake. granted taxes are going to fuck me stupid but still, nice problem to have.

[sonatine]

also just to put this in perspective i could literally yolo like 55 emini contracts at once which would generate $2750 of profit per every fucking point and i think we all see where this is going.

[sonatine]

its sinking in that i cant gamble on futures for another 9 days because i cant afford to blow up these accounts before the minimum-trading-days-for-funding point is reached.

[sonatine]

topstep have quietly changed their entire cashout structure and at this time, i dont see any real point in proceeding with them when leeloo is so much easier to work with. so back to 5 accounts / 2 cons per.

with this much leverage, im earning $500 a point with a 25 point drawdown and it cost less than a grand to get up and running.

first account _should_ mature for funding tomorrow. fingers crossed.

[Sanlmar]

Good luck

[sonatine]

quick update i forgot there was a short week because july 4 yada yada so we may need to wait another day or three, but yeah by end of next week we should be live on all 5.

[sonatine]

account #1 active, 50k secured.

[Sanlmar]

Wait til Chaps hears about this

[sonatine]

lmao @chaps get in here

[sonatine]

still processing paperwork on the first account, plus i accidentally placed a trade on the 2nd mature account which i might mean it wont get automatically processed for funding today.

fingers crossed tho, it would be nice to be able to hit monday running with 2 accounts / 4 cons and try to chip away at our '30 trading days until cashout' metric.

[sonatine]

first account is live. pretty horrific market movement right now so i just took a very fast trade on micro eminis to log a traded day. green is green.

[sonatine]

so please be advised im probably going to end up smoking this first account and starting another sunday night / monday morning because todays engulfing bear candle should be good for an incredibly easy 50 point short position on ES: