Search results

  1. sstheo

    Micro E-mini Madness (2% per day)

    https://www.elitetrader.com/et/threads/micro-e-mini-madness-2-per-day.335221/page-51#post-4946703 I think this is the post you are referring to when you said I broke my rules. My max stop is set at 40 ticks on the MNQ and MYM. This is $20 for each of these instruments. Perhaps you were...
  2. sstheo

    Micro E-mini Madness (2% per day)

    I am not giving up on the other account. In fact, I should be funded this week or next with Leeloo, and then I will be trading the E-mini's right away on that funded account - which allows up to 15 contracts at a time. But don't be alarmed; I will be using the success of my live AMP account to...
  3. sstheo

    Micro E-mini Madness (2% per day)

    Well, it seems I am not alone with #1! I can honestly say I have overcome #2 and never had a problem with #3. I thought I had #1 licked, but NO. Very quickly, the "break of two" is my rule for this situation where I think the trend is about to reverse big time. I am looking for a break below...
  4. sstheo

    Micro E-mini Madness (2% per day)

    Thanks for the candor. I wish you success with your trading for sure. It is a tough gig! Time for my own candor-- If anyone actually came to me before they had sunk thousands into this racket and sincerely asked me "Should I become a trader?" I would say "Fugedaboutit! The game is rigged...
  5. sstheo

    Micro E-mini Madness (2% per day)

    Thanks for the encouragement. The wedding was absolutely fabulous. The reception was in my back yard and it never looked better. My daughter and her hubby are doing well.
  6. sstheo

    Micro E-mini Madness (2% per day)

    OUCH. I kept trying to short yesterday. The internals were not matching up with the price action, and I should have just stayed away. I had a bad day. 2 contracts at max loss of approx $50 each. Total loss of $109. Next week is a new week. I will recover.
  7. sstheo

    Micro E-mini Madness (2% per day)

    Earnings season is in full bloom. The volatility today was amazing. One of the interesting things today was the disparity between the NQ (MNQ) and the YM (MYM). The NQ was way up while the YM was going nowhere to down hard. When I see this, I know something is off, because I don't have...
  8. sstheo

    Micro E-mini Madness (2% per day)

    Back in the saddle, like I said. I traded the last three days. I am still growing the account slowly. I am extremely close to having $1,500 in the account (like before the $500 withdrawal) and giving myself permission to trade 3 contracts. I am hovering around 2.0% growth per day, but I'd...
  9. sstheo

    Micro E-mini Madness (2% per day)

    NEWS FLASH! The Micro ES contract (MES) just leapfrogged dozens of other futures contracts to become the 7th most popular futures contract in the universe today:
  10. sstheo

    Micro E-mini Madness (2% per day)

    What is a "5k max loss"? A little detour first-- Almost all of these funding companies are number magicians. OneUp says $150k, and then you have up to 15 contracts to trade simultaneously and a max loss of $5k on the account. LeeLoo specifically says "15 contract account", and does NOT say...
  11. sstheo

    Micro E-mini Madness (2% per day)

    You are a good voice of reason, and I appreciate your constant warnings. If only Jiminy Cricket had been so persistent!!!
  12. sstheo

    Micro E-mini Madness (2% per day)

    Here is some clarification for the confusion I am spreading: A) This journal is about my personal live AMP Futures account. It has about $1500 in it right now. I am trading approximately 1 micro account per $500 in the account, so right now I am allowed to trade a maximum of 3 contracts. At...
  13. sstheo

    Micro E-mini Madness (2% per day)

    I became an "unfunded" trader because I did rush it 5 times. I won't deny that. I took too much risk. I traded with more than 1 contract before I had earned the right to do so. This journal is now helping me to learn and reinforce the discipline to take things slowly. To build the account...
  14. sstheo

    Micro E-mini Madness (2% per day)

  15. sstheo

    Micro E-mini Madness (2% per day)

    What part of my thinking is troubled? (Besides the thought that by posting this stuff I might actually be helping someone in some remote region of our planet.) I haven't changed my plan at all. I am still trying to reach $10k with micros using my personal live account, using $500 margin per...
  16. sstheo

    Micro E-mini Madness (2% per day)

    ANOTHER ANNOUNCEMENT. I have changed my mind. I am back in the saddle. I want to take this LIVE PERSONAL Amp Futures account to the moon - with the MICROS up to 10 (or 20) contracts. I will at least shoot for $10,000. Then I will switch to the Emini's and start a new journal at that...
  17. sstheo

    Micro E-mini Madness (2% per day)

    Hi Bobiz. Thanks for the well-wishes. Regarding the wiggle room, of course the lazy man in me would like a bigger stop loss, but the real trader in me knows that this is just an emergency stop. This is how I really trade-- the moment I see the market turning against me I will scratch the...
  18. sstheo

    Micro E-mini Madness (2% per day)

    I did have several losses in a row, and so your concerns are valid. However, I will not be trading the E-mini on a $1500 account. That is a mistake I will not repeat. I tried that probably 25 times in the past 13 years. I have lost a LOT of money, more than I will ever publicly admit. This...
  19. sstheo

    Micro E-mini Madness (2% per day)

    BIG ANNOUNCEMENT. I am done for the day and the week. And I am done with the experiment. I have proven that by trading carefully and with the appropriate risk, a trader can incrementally make amazing strides in any kind of market, both regular and Trump Tweet & Tariff-Infested markets. The...
  20. sstheo

    Micro E-mini Madness (2% per day)

    Great work Mr. Bobby. Congrats. Keep it up. Remember risk control is #1.
Back
Top