Watch Lakai makes $1.3M Intraday then give it all back.
- Thread starter jack
- Start date
Always rent a Yacht for the period you want to use it. They are otherwise an investment worse than an alcohol-fueled gambling binge in Las Vegas.
As for the trading, I watched most of it, but it didn't seem to show much of anything except for how many contracts he wanted to take on. And I know the Futures people love their sliding position entry bar, but I still find it kind of strange. But I also don't trade futures.
As for the trading, I watched most of it, but it didn't seem to show much of anything except for how many contracts he wanted to take on. And I know the Futures people love their sliding position entry bar, but I still find it kind of strange. But I also don't trade futures.
This was monday from a few weeks ago when the DOW dropped a thousand points intraday..
He was up $1.3M on 400-500 contracts short, then he picked a bottom and got long... the futures hit locked limit down, which is like a circuit breaker, and trading couldn't go past the hard boundary for a given period of time. He held his long through this period, and once the trading boundary lifted the market instantly started trading like 60 handles lower, instantly killing ~600k of his profits in a few seconds... the then gave up the rest of his profits just scalping and getting chopped up after that..
This was not a sim account.
He ended the day only up $21k
He was up $1.3M on 400-500 contracts short, then he picked a bottom and got long... the futures hit locked limit down, which is like a circuit breaker, and trading couldn't go past the hard boundary for a given period of time. He held his long through this period, and once the trading boundary lifted the market instantly started trading like 60 handles lower, instantly killing ~600k of his profits in a few seconds... the then gave up the rest of his profits just scalping and getting chopped up after that..
This was not a sim account.
He ended the day only up $21k
Oh, that's just NinjaTrader, the platform he's using... it's kinda clunky, and the DOM/ladder window he's using only shows the day's P/L once he is flat, and otherwise show's the current position's P/L while in a trade (or sometimes he switches it to show the positions point value instead.)
I'm not a huge fan of NinjaTrader...
I'm not a huge fan of NinjaTrader...