ES Journal - 2023/2024

flash crash said:
It's been a good deal for me so far. I trade with Trade Day. They are set up similar to Futex, which was Navinder Sarao's prop firm.

I'd not mess with the ones like Apex or any of the others. But I'm quite pleased with Trade Day.

My plan, should it work out, is to use Trade Day to grow an account that I can then take out and fund my own. I don't want to risk my own savings for this. Trade Day will let me grow my trading size up to 25 contracts. I'd like to trade like @Laissez Faire and @theapprentice and hold for the larger swings and even hold overnight. I can't do those things with Trade Day and that is fine with me. That is why I changed my current plan to take 5 points per day and run.

5 points per day * 1 contract = $245/day, but 5 points per day * 25 contracts = $6125/day (net of commissions and fees).

If I can build up to that 25 contract level over the next twelve to eighteen months, it won't take long before I'll be able to take my money and fund a proper trading account of my own. If I can, I can. If I can't, at least my own investment in the enterprise was very small. I don't need the money to live on and I don't plan on taking any payouts until I hit $100K in accumulated profits.
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Up to you, of course, and I wish you well.

I'd still try to get my money out asap.
 
Here is how I see SPX on EOD TF:
upload_2024-7-11_22-43-47.png
 
Laissez Faire said:
Good enough for a temporary bottom, but just broke. Could retrace the entirety of yesterday's move, but not ballsy enough to short this here. Will take a long if we snap back up from here, but not convinced right now.
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decent drop
I personally wouldn't dream of shorting it, but who knows!
i'm kind of expecting a killer 'V' like usual soon enough. Maybe not today, though?
Either way, trying to keep some powder dry and don't wanna use all my ammo/longs on what COULD be the start of a little move down.
Wish i'd have held that ym long earlier!
Still holding nq and es longs. Red on ES on day despite that great pre market long, but just holding her for now.
But yeah, longer term this dip absolutely nothing to me yet. Even if it done it again tomorrow!
 
theapprentice said:
decent drop
I personally wouldn't dream of shorting it, but who knows!
i'm kind of expecting a killer 'V' like usual soon enough. Maybe not today, though?
Either way, trying to keep some powder dry and don't wanna use all my ammo/longs on what COULD be the start of a little move down.
Wish i'd have held that ym long earlier!
Still holding nq and es longs. Red on ES on day despite that great pre market long, but just holding her for now.
But yeah, longer term this dip absolutely nothing to me yet. Even if it done it again tomorrow!
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A much needed drop. The failure to thrust above yesterday's HOD was the cue. I didn't take it of course.

Red day for me so far, but let's see if we can turn it around. Outside Day any minute now.
 
Laissez Faire said:
A much needed drop. The failure to thrust above yesterday's HOD was the cue. I didn't take it of course.

Red day for me so far, but let's see if we can turn it around. Outside Day any minute now.
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red on day too here, but like I said a few months back, i don't mind the odd red day (on days where the market takes a decent hit) as them trend down days don't really happen much nowadays! Until that changes (maybe never?) i'm ok with it. My general 'method' for a while now is to try to build a method that only loses on days when the market takes a serious hit! If it's choppy i win, if it's up I win. Even if it closes slightly red but there were good moves, i'll still win if my timingwas decent. If it has a 'crash' day, I lose.

(so essentially long only and with 'decent' entries that I sometimes will add too).

Been working very nice for quite a while now so not gonna panic over the odd red day where the market is heading south fast
 
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