20211003
Short 3 M2K 2370.3, 2370.3, 2370.3, -1.5, -1.5, -1.5,
Short 3 M2K 2372.8, 2372.8, 2372.8, -1.5, -1.5, -1.5,
Short 3 M2K 2373.4, 2373.4, 2373.4, -1.5, -1.5, -1.5,
Short 3 M2K 2374.6, 2374.6, 2374.6, -1.5, -1.5, -1.5,
Short 3 M2K 2379.9, 2379.9, 2379.9, -1.5, -1.5, -1.5,
Short 3 M2K 2381.8, 2381.8, 2381.8, -0.9, -0.9, -0.9,
Short 3 M2K 2384.9, 2384.9, 2384.9, -1.5, -1.5, -1.5,
Short 3 M2K 2385.7, 2385.7, 2385.7, -1.5, -1.5, -1.5,
Short 3 M2K 2389.4, 2389.4, 2389.4, -1.5, -1.5, -1.5,
Short 3 M2K 2391.1, 2391.1, 2391.1, -1.5, -1.5, -1.5,
afternoon trades, just prior to the 2pm FOMC
Long 3 M2K 2381.2, 2381.2, 2381.2, -0.6, -0.6, -0.6,
Long 3 M2K 2380.7, 2380.7, 2380.7, -1.0, -1.0, -1.0,
Total M2K -48.0
Without doubt one of the worst Russell 2000 futures trading days I've ever had. Even trading the Micro's losses can add up. The blow-off rally of the M2K gave so many repeated climax signals, that I was sure it was finally done at each major juncture, only to be squeezed yet higher.
The afternoon pullback leading up to the FOMC was also extreme. And although it might be said to have the general characteristics of a Last Chance Texaco (a trading concept that has saved me many difficult days of stop-out volatility of late), the pre-Time Marker long entry model (2pm on this occasion) was fraught with whipsaws that shook be out too.
For the most part, the other index sectors of the Nasqad, the S&P 500 and the Dow 30 did little in the First Frame, as the Russell performed its moon landing. So the excuse that I was simply looking at the wrong contact during those disastrous First Frame trades cannot be applied.