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like honestly im willing to fade 10 days of trading and $90 in setup fees for another account if the upside is a casual $4k to $5k profit while i sleep.
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I’m frustrated that. I don’t understand this thread, but it’s probably good that. I don’t.Comment
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futures are essentially a way of gambling on whether or not something rises or falls in value. eg oil, natural gas, or in my case, the S&P 500.
for a nominal fee, i get a 'test' account with which to demonstrate my ability to trade the futures profitably.
if i turn a given amount of profit, i can convert that account to a cash account, where they let me essentially use their money to gamble and i keep 80% of the profit, in so many words.
if i lose money, i pay a small fee to start over.
my big plan here is to set up about a dozen or so accounts and trade them in parallel, which can earn thousands of dollars a day, with very little up-front risk/investment on my part.
see the nav sarao thread for more salacious degeneracy re futures trading. to an extent im trying to walk in his shoes a bit here.
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interesting... just got a coupon for 25% off subscription plans for up to 3 accounts... :
APEX25
good through august 20th... ummm ok i think im going to roll any profits (STAYING MENTALLY POSITIVE HERE PEOPLE) directly into firing up 3 more accounts.Comment
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i know im going to regret stepping out of this swing but in my defense i just skirted a pullback that would have ethered like 80% of this:
so +936.32 for the evening open.
ngl i do believe if i stepped back in i could rack up another 2k by morning easily but the enemy right now isnt bankroll building, its the risk of getting smacked into a drawdown on a reversal.
and with kamala scheduling an emergency walter read appointment tomorrow after meeting a bunch of infected texas dems, i mean.. the fed has a fucking lot of incentive to finance a surprise plot twist reversion to green to keep things from getting ugly.
plus, as the wise men say, 'there is always another train leaving the station'. ill happily chill my tits and see if a reliable signal presents itself tomorrow.
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couldnt help myself, great volume / momentum out there right now in ES.
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i completely and enthusiastically agree. i think i got pretty much all the meat off the bones that im entitled to and from here on we are going to be chopping upwards and tbh i dont feel like sweating it. ive actually got a nvda spread i opened 2 weeks ago that expires on friday and if we dont somehow pack on another 10% its going to zero because i got stubborn when it broke through support late last week. but it can still get there, definitely.
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fun fact almost all of that $1550 came from trading 2 contracts. i think that from a pure emotion perspective, 2 contracts + static drawdown is a really strong hand.Comment
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Being real here…. This was a free $ episode… there are folk who make most of their $ over the course of a year on a handful of moments like this.Originally posted by sonatine View Post
as we let the endorphins settle back to normal we must remind ourselves we basically suck. only from a place of self loathing and negativity can one grow. return to that centerComment
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curiously, at no point did i bet on signals/indicators, i was just taking macro trend positions based on support/resistance. imo thats gambly as shit but does have a lot of equity during these pullbacks / bearish daily candle situations.Comment
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they still held a bum fight during lunch…. Nothing is sacred
Leaning a bounce over night e-mini but I’m likely just poisoning minds …. trade what u see
why is Biden making any comment on the likelihood of inflation? zip itComment
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yeah we did the electrified 3rd rail thing on that s3 fib pivot, so thanks algos, but im not about to risk anything on it in either direction yet.
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Wig isn’t aware of leeloo and that makes him normal.
explain prop trading and the Olympic qualifier you were in to get on the team.
Can you seed the place we should be for general market convo. Don’t want to pollute this thread. Up to you
(Deleted my momentum indicators)Comment
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.... uh ohComment
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They have to leave a little doubt but I still lean bounce overnight and gap up open cause “autoplay” & “the old ways are the best ways”.
cruelty never goes out of fashion and sleep is for the healthy poorsComment
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