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

[sonatine]

so absolutely fascinating tidbit... the trading houses that process payments really fucking fast dont really allow multiple accounts being traded in parallel. obviously thats not a coincidence.

but yeah im kinda imagining something like... take this earn2trade account into funding, cash out $3k, get 4 new 30 contract accounts at leeloo for about $650 each.. and then once those are mature/vested i can just ape out with 120 contracts or about 1.2m in leverage and satisfy my prime directive.

[sonatine]

its not a perfect plan... for one thing leeloo could simply refuse to allow me to trade 4 30 contract accounts at once, they are well within their rights to do so... but id be earning $6000 a fucking point with the only real drawback being id have to wait about 6 months before i could cash out more than around $6000 a month total.

[sonatine]

i have a sick. sick. sick plan.

and no one can even object, because not only is it not against the rules, but its going to be my money at risk, AND the people fronting me $1,020,000 in leverage are going to either get paid off the rake or break even.

o its going to be lovely.

details forthcoming.

[sonatine]

tldr: 470-to-1 leverage.

[gauchojake]

This will be amazing either way

[sonatine]

so bit of a oh shit issue coming up here. in the last 2 trading days, after the morning schizophrenic explosion, between 10am and 4pm, the market has moved less than 10 points between high and low.

to quote a rather famous and storied fintwit ES trader... this is what real alpha looks like.

fam this is bad lmao.

[sonatine]

so 4 days into the 15 minimum trading day window to get earn2trade funded i get a popup saying i failed my account and its for a really superwow reason;

they scale the number of accounts you can trade in proportion to your bankroll earnings, just like a lot of other combine providers. however... two huge gotchas.. they allow you to trade more than the max but just flunk you if you do (again, actually not that exotic) but they also _assess how many contracts you can fire with according to both open and closed profits_. so its literally a trailing drawdown for the number of cons you can trade.

i started the day with +3750 which allowed me to trade over 8 cons while over 3000. i had 8 cons in play, had a 2 point drawdown to $2750, and boom, that flagged me as having too many contracts live and the account was term'd.

so it goes. spent a hundo getting it reset, nailed a long swing with 4 cons, sitting on +$1200 and might be able to drag a few more points before market close:

[onestep]

At what point during this experiment do you just say fuck it, and throw onestep a hundo on cashapp/venmo and see where it takes me on my next vaca?

[sonatine]

6 figs and youre on

[sonatine]

so this might be a complete superfail but i had a few bucks laying around i stumbled across a 40% off coupon ( SUMMER40 ) ... :

i started a 100k account at uprofittrader.com. normally they charge $315 per month for a 100k account but with the coupon applied, it drops to $189. and the crazy part is, that this applies for the life of the account. i mean... wow?

honestly i... dont know what to make of this place. it seems so remarkably sketchy. but the bar for getting funded is really low and they process withdraw requests via a 24/7 automated system and can dump directly to a crypto wallet so wtf.

the closest thing to a catch is that they rake 50% of the profits on withdraw for the first 6 weeks, then drop to 20%. but its like, they also appear to let traders withdraw $8000 in profits without taking a time?

i mean fuck it, for $189 ill take the pepsi challenge here.

[sonatine]

a few quick updates...

leeloo had a 1 day sale on their 30 contract accounts so i decided cancel one of the 8 con accounts to take the $325 plunge.. its actually not going to be terribly easy to pass that gauntlet and get funded but im fairly certain i can pull it off. its 20k profit to pass with a $7500 trailing drawdown, which is honestly fucking brutal but yeah, fingers crossed and it will give me a good leg up when i start to assume my final form.

earn2trade i blew up during testing and reset but thats a sailors life, i passed 1/3 the gauntlet profit threshold today and have 14 days to come up with rest. shouldnt be hard.

uprofit will be vested next friday i think, i just need to tickle it every day to meet the min trading requirements.

and on the remaining 8c leeloo account i actually binked $2000 today.

i may or may not update the tally before im actually able to make a withdrawal from uprofit. but yeah things are looking good so far.

[jgq85]

Hi I have been currently doing Leeloo evaluation. I passed and then did manual trading and blew it up lol (investor with $1500 trailing).
I'm testing an automated strategy right now and I'm going to run it under the conditions and hopefully pass and report back. if it works I'm hoping I could share it for others

[sonatine]

Hi I have been currently doing Leeloo evaluation. I passed and then did manual trading and blew it up lol (investor with $1500 trailing).
I'm testing an automated strategy right now and I'm going to run it under the conditions and hopefully pass and report back. if it works I'm hoping I could share it for others

fuck yeah dude and dont feel bad, ive blown up many, many accounts. its part of the learning process.

please feel free to share any alg / signal generation stuff you want feedback on. also if you want a cheap/easy fat-stack solution for executing trades remotely on a ninjatrader, ive got you covered fam.

also, welcome!

[sonatine]

also full disclosure i decided to turn up a earn2trade account today because the payout policies are so, so, so much more emotionally accessible than leeloo. its so hard to fade risk of ruin when im like jesus christ i wont see a penny of this shit for 8 more weeks.

if leeloo ever modifies their withdrawal policies to support once a week starting at funding, they will be the absolute best in slot combine imo.

[jgq85]

sonatine thanks I didn't even realize that about the withdrawal. I am super ashamed to admit that I reset 160 times with Leeloo, so I feel sick and very bad about it.
It was all my fault of course, but the trailing drawdown got me about 80% of the time if I had to estimate.
I originally discovered this thread seeing if others were doing Leeloo since they didn't have a forum, and came across your Coupon codes, which helped mitigate some of the pain, so I appreciate that.
Right now I have been testing my automated strategy however going back months (when I started testing it I think I was able to go back to February) and it was averaging about $175/day on one contract on the NQ. At this point, I think I may need to sign up for Uprofit and give it a go, I feel like I'm cursed with leeloo now. I did get funded with them twice but blew up the static drawdown one, then got impatient on the trailing drawdown one and blew it up because trailing drawdown got me when I was up about $1k.

[sonatine]

jgq85 yeah leeloo's cashout policies are designed to encourage traders to be like, long term clients. the theory being, there are people better suited psychologically to working within the combine framework than using their own money. so just as an example, on the 8 con / 50k account, you have to wait 30 trading days (6 weeks!!!) before you can take out your first withdrawal, and the max you can take out is $1500 per account. then you have to wait another 30 calendar days (4 weeks!!!) until you can request another $1500, max. same for the third, same for the fourth.

so you literally cant have access to all your profits if they go beyond $1500 a month for abooooout 6 fuckin months. and.. AND.. you have to request them on like the last monday of the month.

im not even bashing leeloo, im just saying thats not really working for me right now. like ive mentioned this before, id much rather just withdrawal $2k from uprofit or earn2trade, toss it at leeloo, yolo up 3 of the 30 contract accounts, and just go ham and try to run it up and then essentially tickle them on micros once a day until i can get my money out.

but i think im done just shoving money into leeloo and then trying to motivate myself to stay disciplined 30 straight days before i can pay a bill or buy a nice bottle of scotch. im just not really cut out for that right now.