Former Credit Suisse Bank Trader - now independent.
planet earth
Joined December 2015
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What's the downside to the Lucid 50k Daily account?
Make $110k live and withdraw $100k (90% payout).
Total cost is $115/account...so $575 for 5 accounts, gives you $10,000 total EOD drawdown to start and you can trade up to 20 contracts.
What's the catch?
No Quantum Inverse pattern this morning. Oh well, it happens. No harm in sticking around if you have nothing better to do, but highest odds for the pattern are the NY morning, so I suggest going outside and come back tomorrow.
I suspect the Brazil election is impacting US markets today, which has damped volatility. Normal vol should return tomorrow. FOMC Wednesday also looming and is a real wildcard. If there was no election coming, the Fed would absolutely be hiking 25 or maybe 50 bps because of inflation...but there is an election, so it's hard to handicap.
QuantumInverse retweeted
Grub hub chipotle directly to the cafeteria for the rest of the week, your child becomes the Jeff Spicoli of the 3rd grade and an absolute legend.
Elon's announced gift of 1 SpaceX share to every child next year (via Trump accounts) represents approximately $10 billion, and approximately 1% of Elon's common share holdings.
I would imagine the other tech mega billionaires (Meta, Amazon, Google, Apple, Microsoft, Nvidia, etc..) would try to do the same thing.
This should help insulate them from popular p
The Russell 2000 index (IWM etf or RTY futures) is down 11% from the high made 2 months ago.
This is the best measure of the broad economy.
It was incredibly difficult to sit and watch the market run today, without participating.
My only solace is knowing that if I had been aggressive and bought after 10am my stop would have been 25 points, and the max R:R would have been 2:1. This isn't a great setup for me.
I'll be away thru next week. Back Monday Oct 26.
Good Luck everyone.
This would have been a perfect Quantum Inverse long, but the market didn't retrace into our buy zone, so no trades for me today.
Never got a retrace after the 10am iFVG reversal...so no trade for me today.
After a large move like yesterday's CPI, this is not surprising.
+11 R today, where R is 1/10th max drawdown.
Another way to say that is I earned my full max drawdown, today.