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

[sonatine]

for fucks sake. resetting. $-271

Embedded Tweet

[sonatine]

im longing this gapdown with 8 contracts because i have shit to do and im not playing this game with you SPX

[sonatine]

set a sell order for 4272 which is about 2 points under the next fib pivot up.

[sonatine]

decided to tap out at 6 ticks for +568 pre-funded.

things that spooked me:

- NQ is trending in the wrong direction.
- if we return-to-mean and touch the SMA, i'll get stopped out before we even get halfway there and have to reset my account again.
- this current up-trend actually started at 1:10am this morning, so im basically chasing the ass end of a 12 hour trend. this is not the way.
- not a lot of volume, least of all because the prime trading window is over.

2 things ill be keeping an eye out for

- dropping down to the 4260 range, ill see if we reject or if we are gapping down to the 4252 fib
- we might see a big swing in the last 15 minutes of the market as institutional money rebalances for monday's open

[sonatine]

dumped at the top:





current mood:

[sonatine]

like honestly bull.. bear... whatever... just please for the love of christ give me some volume.

Embedded Tweet

[onestep]

https://vm.tiktok.com/ZMdfEGvR7/

[sonatine]

we've actually discussed tsla leaps here before, in the context of pelosi owning like several mil worth of them.  $dis same.

[sonatine]

nothing too fancy to report. staying with fam on the west coast so i was sound asleep for market open. caught a reversal just before noon after we crossed the 122 SMA, swung a few points, weathered a few pullbacks because i wanted to get close to the R1 fib pivot, got out after a big surge.

+1136.32 pre-funded.

might not be trading a lot this week, lotta distractions around the house and not a super comfortable place to work.

[sonatine]

got kinda aggressive with NQ.

+2187.64 pre-funded ($2315.00 before contract fees)

[Sanlmar]

I hope someday you bink enough to rescue your family from LA.

you are an immigrant success story apparently and I’m sure they are proud of you

[sonatine]

thing about LA is its got amazing elder care so they arent budging. believe me i tried to pitch them new zealand and they werent biting.

[sonatine]

rebought. trailing drawdown got me. i thought i had a fairly healthy margin of error on a reversal but forgot that i was operating under a deficit from a previous trade.

no crying in baseball etc etc.

nice long swing potential here up to the 4293 R1 fib, i think im just going to set it and forget it with 8 cons and rebuy if it goes wrong and normietrade tomorrow. spending $85 on a rebuy is cheaper than obsessing over this shit like a morawn instead of doing my day job.

[sonatine]

+1572.64

wild ass 3 hour consolidation period into a pretty anemic drift up to the R1 fib. i could have ridden it a bit longer and binked another grand or so but id rather walk away with a solid win here and just take fewer chances for the next 9 trading days, than risk giving it all back in a giant retracement suck-down and start tomorrow with 70% of my drawdown on the books.

hilariously thats exactly what happened; in the time it took to type that out, we climbed a grand then immediately dropped down to -$2000:




we recovered nicely but obviously id have been stopped out by the drawdown in the meantime.

naturally this is all super normal movement at market close because hail fucking satan.

[sonatine]

so as predicted we totally did breach that R1 pivot but look at those two candles, both of those are like a $2400 drawdown in less than 3 minutes with 8 contracts in play.


this is exactly why i want to get multiple accounts set up. if i was trading 8 accounts with 1 contract in play from each, my per-account risk would be about $300, and i could have easily sweated out those reversals until i found a sell-stop at that R1 pivot.

with one account and 8 contracts in the mix, its not trading, its just luridly -ev gambling.

the other thing worth pointing out is how that 122 SMA was an _extremely_ strong resistance level. really feeling the 122 period moving average on these 3 minute super low volume charts.

[sonatine]

caught NQ diving out of the corner of my eye, hit it for a quick $780, as one does.

hoping to find the discipline to not take any more trades today. will probably try to hit ES for another 4 ticks tomorrow then start up a 2nd account and switch to single contract trades on this one for its remaining trial period. rinse wash etc.

+2320.80. $680 / 8 trading days to go.