I started my new consulting assignment today. It’s for a former client and so I got to see a lot of old coworkers and meet a lot of new ones. Like going back home (I worked for this client for several years and really enjoyed it). Lots of challenges there so I’m really looking forward to it.
My trading in the 90min window is going well so far. I didn’t expect great results since I’m unfamiliar with this time period, and the past few days we haven’t gotten a lot in this time period (not much continuation). But I’m averaging 1 pt/day so that’s good. I want to keep that up for another week or two and then do real money. And if I can keep it up then I’ll increase size slowly. The great thing is I have no financial or time pressure, so if this takes 1 year then that’s fine.
I’ll trade the ES RTH session tomorrow since I am unable to work due to a morning commitment. My last day trading a ES RTH session.
I’m going to go out on a limb and say that I think we get a bit of a rally here. We’re making higher lows and 69.50 looks vulnerable. Sellers were not able to defend it well.
Which reminds me, my stock experiment is going well. that could be beginner luck but if we’re going to get another rally (or continuation of our current rally depending on how you look at it), now is a good time. So I’m looking to fund a stock account. I’ve got it narrowed down to Interactive Brokers and Lightspeed. I used IB in the past. They’re acceptable but TWS was a bit cumbersome when entering orders with attached stop & targets. I wonder if Lightspeed is better. My main requirement is $1 minimum commission because I plan to trade very small and increase size slowly. If anyone has any suggestions, let me know. I might move my Velocity account to IB due to their outrageous account inactivity fees. 40 euros/month is robbery. I’ll be on vacation in August. After spending thousands in commissions, they want to steal 40 euros out of my account while I’m on vacation. So I may just trade futures from IB and then I can do the stocks there too. If everyone with a velocity account would call up and complain and threaten to close their account, they’d drop the fees. There is power in numbers. I encourage everyone to voice your opinion in the matter, even if you’re not personally affected. I wasn’t affected until I decided to go part time and practice on simulator.