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Poteau, OK
Experience: Intermediate
Platform: ToS, IB
Broker: Rithmic
Trading: SPY/QQQ options/MES, MNQ
Posts: 39 since Feb 2022
Thanks Given: 34
Thanks Received: 30
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Completed qualification on Leeloo Aspire account for prop trading with $25000 account. But that is misleading as they institute a trailing drawdown of $1500. Planning to just keep on trading as I did to secure the account. Moving Average Xover, double tops/double bottoms, don't assume I have to trade everyday, don't trade if there are extra stressors bugging me.
First day, Friday, I got to trade from home (normally still on day job). Jumped right in with E-mini and lost about $330. Switched to micros (MES) and had a gain on this instrument of $48, then $80 and back to $0 at close. So I managed to add to commissions, putting me further from my goal, and closer to losing new account.
Jumped on tonight at open, took momentum short, then impatient as I didn't let setup fully form, or they did form and I got stopped out. But I saw momentum to downside slowing, took a small position and caught big handles up to market open. Up $118.75-29.58 in fees for a net of 89.17. 60 orders in just over 2 hours, or a trade every 2 minutes. Overtrading. have to be more selective in taking trades. Was going to chart my trades, but just too dense. Sharing a snapshot of my ideal setup instead.
Though this account is supposed to be live, I did a test by putting on limit buy order at a price well below bid. Moved it down and back up, but totals for those prices did not reflect my removing/adding bid on my DOM. Using Rithmic Data and Rithmic Pro trading software.

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