Going to start a 150K combine, Wish me luck. 150K combine is 1000$ max loss per week. Or 20 points which divided by 5 is 4pts daily. When the average reaction is 10 pts ... The 300K combine would be more reasonable, With 12pts loss daily but I don’t have the money. I’ll keep you updated. We ain’t failed till we don’t quit.
Assuming you mean ES, with it's 50-100 point ranges daily lately, be sure to lever up with maximum contracts, so you assure your failure! (Or, you could do it with some micros, and be safer. Just sayin'.)
ES yes I was talking ES. No I’ll risk only one contract. IF I can trade MES I’ll gladly do, But last time it wasn’t possible to trade minis. Gotta check with them. Friday we had 5 to 20 pts reactions. 4pts is shoestring margin in these conditions. I might find micro congestions to pull the trigger.
You mean micros. So the 150K combine will not allow you trade MES? Well, isn't that a fine how-do-ya-do.
Idk my friend I’ll check with them. But last time it was unfortunately impossible. Back in March 20’ Haha conditions were wild too. Indeed ES is mini MES is micro.
MES is actually allowed on TST. Good news. Might begin with 3MES and pyramid. Depending on the volatility, Entry / SL. I am so sad I can't put the bells anymore on Tradovate's ladder Here is what I mean. Was so handy to pinpoint levels. EDIT: Bells are still there ! Had to be live . Here is a little table with my Daily Risk / Reward Objectives in MES terms
Made some tiny trades here and there. 1 MES to begin with. Sold @ 351 too early then covered +1tick. Then bought @ 353 then covered +1tick. Then sold 54, 51, 50 covered 2 @ 46 Then sold @ 45, 42 and covered @ 42. Then sold @ 49, 44 and covered @ 44. Shouldn't have because SL wouldn't have been triggered (3845.5) And the price actually broke lower (3840) ... Anyway. Not a bad start. 50$ profit lmao Took some loss actually, But I don't remember when. Louis Armstrong helps to chill out. I've been reading a lot of Livermore, Darvas and Loeb lately. Time to put the theory into practice. Problem with MES is commissions are tough.
Holy shit had first class seat and listened to my crying little belly to take profits. Now 3825 with little to no reaction. Don’t listen to your baby little belly. Let the market decide when to take you out. He’s actually friendlier than you think. To be taken out means to reverse. Reverse that position ! 3834.25
Aren't you glad you have the micros to work with now, which by the way, have as much liquidity as the minis?Don't be a spoiled brat. Learn to respect the price action you are seeing. Don't over-lever. With a 150K combine, you can pass their piss-ass test with 2-3 MES. Don't go for the brass ring. Just stay on the horse.
Not a good day. Up 240 then down 300 (-540). Made something like ... 98 trades. Made 773$ and lost 912$ + 153$ fees. 256 MES contracts. Still on the horse though.