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

[sonatine]

pretty encouraging buying session at close. if i had to guess, id say we chop a bit until 3am then see a pretty sharp recovery by 8am.

[Sanlmar]

I like it

[Sanlmar]

Covid casino plays like Wynn had already taken a haircut well before today and that surprised me.

[sonatine]

bold assertion incoming:

wynn started underperforming compared to the SPX before covid was a thing.



since 2015, wynn has been playing catch up.

#1: 2018 comes, everything gets fucked up, but wynn is vulnerable already so it takes it in the ass considerably harder and with less grace.

#2: and if you look between 2018 and the covid drop in early 2020, theres a real divergence. wynn is barely able to chop sideways, market is trending up.

#3: look how steep the SPX recovers. now look at bitch ass wynn.

im just saying, is covid an aggravating factor at this point? sure, probably because the algs are burnt into a covid = casino death thesis.

but wynn as a whole has been acting real spongy since 2015 and if i had to make plays off wynn, id be targeting the downside in general, i think thats where the gravity is here.

</2 cents>

[Sanlmar]

It’s all true

Nobody on these forums has written more hate posts on the subject of Wynn over the years nor made more money off them.

I had a lapse for sure tho

[sonatine]

i just caught myself day dreaming about what color my model S is going to be which is a strong indicator that im going to put some fat fucking red L's on my ledger in the next 24 hours..

[sonatine]

subscribed to a few new accounts, should have 9 funded accounts total in just over 2 weeks for a total of $450k in trading capital and a potential 72 contract per position limit.

all for less than $1200 invested, more or less.

still waiting for the paperwork on the 2nd funded account, which has vested as of last night. they often take up to 48 hours to process so im not worried. good week so far in any case.

[sonatine]

Covid casino plays like Wynn had already taken a haircut well before today and that surprised me.

someone just bought $600k worth of OTM $LVS puts expiring in march 2022. interesting.

[sonatine]

aaaaaaand someone just placed 1.5m worth of december calls. huh.

[sonatine]

+100 or so on some late plays but honestly im totally overtrading and not super stoked about it. the emotionally mature play today would have been to pivot to something that doesnt involve computers when i was read. revenge-trading only works until it doesnt.

[sonatine]

i just got absolutely turked.

$51069 (+1069)

-$131 profit

ran out of sellers and got stopped out a couple of times. the game is the game.

[sonatine]

ooooo 2nd account just cleared for funding.

100k funds / 16 cons available.

[sonatine]

like, this is not an easy day to scalp when you wake up at 11:00am.

[sonatine]

christ i paid $405 in rake today.

[sonatine]

first day trading 2 accounts in sync.

got out of bed a bit early to hit the morning rush, ES was basically green and vertical. waited for it to collapse a bit before jumping in, things worked out.

+1044 for session, +911 to date.

[sonatine]

christ i just fat fingered into a 16 contract position and it went reallllly poorly. like we arent dead in the water or anything but i have a lot of work to do.

[Sanlmar]

Unintentionally fading yourself is probably correct

[Sanlmar]

Alsoooooo. Someone said something about ATH by Fri?

[sonatine]

#slippage

hit the trailing drawdown on one of the new accounts, plenty of resources to work with regardless. gross tho. but hey i mean, honestly? it costs like $100 and 2 weeks of patience to replace and i have a great many accounts lined up to take its place so life goes on.