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had a hunch we were going to break upwards in the final minute and got there.
starting account #2 now, will take a daily 1 contract position with account #1 for the next 7 days so i satisfy the 'trade every day for 10 days' requirement.
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had a hunch we were going to break upwards in the final minute and got there.
starting account #2 now, will take a daily 1 contract position with account #1 for the next 7 days so i satisfy the 'trade every day for 10 days' requirement. -
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account #2: longing up to about 2 points below the R2 pivot because stocks only go up.Comment
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honestly kinda looking for an excuse to get out of this trade because when the markets this green for no reason, the odds of people de-risking en masse before the bell brings a very long weekend is just too high to ignore.
i think the main reason im not pressing the button is we pipped +6 ticks before collapsing a bit and i dont want to deal with that big of a dent in my trailing drawdown.
which, to be clear, is not a good reason to not press the button, exactly, but it looks like we are pushing a bit at the mo..Comment
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h'ok, not at all a bad days work. tbc next week.
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mild dump at close, nothing close to the spike down i was expecting. i.. i guess thats good?
interesting take and i think its probably very much the right time to expect a few tears down the mountain soon:
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interesting... starting tomorrow, propshop is offering 50% off the account startup costs / CME data feed on up to 3 new accounts for a brief window. so what im finna do is rack up another $240'ish in costs and get those 3 accounts live and use software to trade all 4 at the same time, while continuing to feed the 5th extremely small 1 tick trades just to whittle away at the minimum-trade-days-to-get-funded number.
doing the math, in 10 trading days i _should_ have 5 funded accounts. trading 2 cons on each, chained together via software, would essentially give me 10 contract positions with a 10k drawdown.
with a 2 point per day target thats $1000 cumulative gross profit... $800 after broker rake... worth taking a stab at imo.Comment
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as threatened, i fired up the 3 discounted accounts and went on a bit of a tear:
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because fuck it:
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i think im going to slave together the 4 most recent accounts and just try to hit 1 point a day with 4 cons for the next 10 trading days, that should give me plenty of runway to get funded even if i have a few negative days.Comment
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You have been hinting at a breather in the market all over the forums for the past few days for all a variety of reasons. Some ugly patterns developing.
nice work on the futures. Need to ride one to the finish line.Comment
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i couldnt resist, theres actual liquidity and volume at play. super +ev situation right now. amzn situation + pro farmer legislation is foolish to ignore.
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Originally posted by Sanlmar View Post
so i assumed that the market would rebalance a bit from its green streak based on the lambda variant numbers, and this morning it looked like that was exactly what would happen.
and then amazon announced that not only is it offering home covid test kits but also got the pentagon / microsoft cloud computing contract voided, meaning they are about to get that signed as well. plus, biden just announced massive pro-farmer legislation, so it was just a perfect setup:
short ES down to the S3 pivot, bail on reversal, absolutely ape into AMZN longs, then pick off a few points here and there on ES on the way back up:
pretty good chance those amazon positions pay out 24-1 or so.Attached FilesComment
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someone just rolled out a $4m USD 3500 put contract that expires on friday so im finna take some profit and sell 20 of my spreads but still, nice days work.
actually fuck that, sold the naked calls and opened up some 3500 put spreads as a hedge.
like honestly im not worried about amzn, but im worried about a broader drawdown on NQ in general fucking us up but good.Comment
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