ES Journal - 2023/2024

...and he's using a trade copier...

Cut him a break, man, I had to google that :confused:

I could have used this a decade ago: :D

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Edit: boy, I was totally clueless about this...

 
Dude, why ask the obvious? He has 5 different prop firm accounts and he's using a trade copier. C'mon, get with the program. :sneaky:
LOL... that's one explanation. Another could be trading family accounts, but I doubt that. If it is a prop firm, I wonder what the payout rules and ratios are. If I made $16k in one day, after already having an amazing week, I'm not sure why I would need a prop firm, and I'd also be worried about them paying me out to be honest.

Doing it this way tough also means less flexibility. I mean if you can only trade in multiples of 5, so having 5, 10, 15, 30 contracts on, its difficult to scale out. If I really had a position on for 5 ES, which seems large to me, there is no way to scale this down to 4, 3 or 2, since the 5 lot represents just one contract in each account.

Anyway, but what do I know... I didn't make 16k today... LOL
 
Well, he explicitly said in the past that his family roped him out of a sinking hole with a condition that he not trade again. But that sneaky MOFO, as we all know, is a smart one. :D
LOL... I didn't actually know this. Perseverance and stubbornness are two sides of the same coin. Its very hard to know which is at play most of the time.

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AMZN is recovering a bit, but bejesus Intel's being gang raped. Just how bad was their earning?

YoY revenue is down, but only 1%...

They're going to fire 15% of staff... horrible, but I thought WS liked "resizing"

Suspending dividend for 4th quarter
 
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They're going to fire 15% of staff... horrible, but I thought WS liked "resizing"
Exactly. But did you read the CNBC article I posted above? It states that Wall Street now believes "bad news" is actually bad for the market. Seriously, you can't make this shit up.


Another useless excuse for today's selloff from our highly trusty source #cnbc

“The economic data keep rolling on in the direction of a downturn, if not recession, this morning,” said Chris Rupkey, FWDBONDS chief economist. “The stock market doesn’t know whether to laugh or cry because while three Fed rate cuts may be coming this year and 10-year bond yields are falling below 4%, the winds of recession are coming in hard according to purchasing managers at manufacturing firms.” Adam Crisafulli of Vital Knowledge agreed: “The ISM shortfall is just the latest sign of cooling domestic growth conditions, and another sign that the Fed should have commenced its easing cycle yesterday instead of waiting until Sept.”

Oh I left out the damn headline:
It turns out that bad news for the economy may actually be bad news for the stock market
 
Bad guidance?

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Man, the only reason why I switched from trading stocks to futures (like in 2002) is because of these earnings crap. Back then, no matter how good or how bad the market darlings were, it didn't have much impact on the indexes. Now indexes move in lockstep and I need to monitor their earnings. :rolleyes: I wonder if it's high time to jump to something else.
 
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