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  1. SimpleMeLike

    Can anyone please explain this paragraph from Reminiscenses?

    Don't need to read book. Just watch the charts and draw your own conclusions. Trade what you see.
  2. SimpleMeLike

    Topsteptrader

    FYI, TST does not allow you to trade with a trading mobile app. Since 90% of my trades is taking with my trading android app while at work. Unfortunately I can not join TST. I am glad I did my due diligence before I got the funded account and removed from using a mobile app to take their...
  3. SimpleMeLike

    Does anyone mentor? (for a fee)

    I agree with you on everything you said. Use the information here on ET to excel.
  4. SimpleMeLike

    Topsteptrader

    Thank you so much ScalperJoe for responding. Great detail answer and it makes sense to me now. You are correct, the first 10 days is critical of building up enough equity to trade and cover the money loss days. Thanks you,
  5. SimpleMeLike

    I'm losing money and can't stop. How do you be patient?

    Hello, If you system tells you wait for the setup to enter trade. Then you must do just that. One reason you maybe entering gambling trades is because you do not fully trust or fully backtested your system. For instance, if your system tells you out of 4 trades you take 3 will win and 1 will...
  6. SimpleMeLike

    Topsteptrader

    Thank you Pekelo, So what is the risk to TST? The only risk I calculate is, I am funded for the 30K plan and instantly lose $1.5K of their money and removed from the funded account. Am I correct? If everything goes well for me, I make $5K and anything after that subtract 20%, plus self...
  7. SimpleMeLike

    Topsteptrader

    Thanks for update. I'm sure you will do well going forward. I was able to get the short on ES.
  8. SimpleMeLike

    Topsteptrader

    Thank you Pekelo, You explain well. So the benefit is that i am risking their money, and i have 10 days to do it? And after 10 days whatever in my account, i can lose, then restart the combine again. I belive I understand now.
  9. SimpleMeLike

    Topsteptrader

    Thank you, Maybe I am confused. Why is equity built in live account so important after 10 days? If my balance is $32K after 10days, shouldn't my drawdown still be $1.5K on the $32k I hope I am not confusing anyone.
  10. SimpleMeLike

    Topsteptrader

    Thank you RDK91 for your response. Using your example of max drawdown of $500 after day 11. My account balance is now $30,500. 1. If day 18, my account is now $30,000, will I be removed from the funded account service? The way I thought was once earned fully funded account, you start off...
  11. SimpleMeLike

    Topsteptrader

    Thanks RDK91, If I earn the $30K funded account: 1. And make $5K profit, do I get a check for 100% of that $5k when requested. 2. Is there timeframe I have to make money? 3. What is my drawdown amount?
  12. SimpleMeLike

    Topsteptrader

    Thank you RDK91 for the effort and time for showing us your account. You are doing a really good job by taking this challenge and meeting your goal. Great work and continue with your success. I am planning to join TopStep once I confirm a trading platform I can use for my work (9-5pm) internet...
  13. SimpleMeLike

    Topsteptrader

    Thanks for all the replies and discussions on TopStep service. I recently was informed about this service, I reviewed the information and called them. Once I consider a few other things, I will make final decisions. They way I see it, this is a good service for a new trader with small...
  14. SimpleMeLike

    Buy on Breakout or Retrace ?

    Thank you
  15. SimpleMeLike

    Buy on Breakout or Retrace ?

    Thank you all for response. Not sure if the responses really help me. I believe I know the answer, keep practicing and make my own rules to trade.
  16. SimpleMeLike

    Buy on Breakout or Retrace ?

    Thank you for response. My plan is to buy on trace near resistance once price breaks. And yes, buy with good stop placement.
  17. SimpleMeLike

    Buy on Breakout or Retrace ?

    Hello, I am price action trader practicing sim ES See example attached I normally look for price entry long on break out of resistance and retrace. Vice versa for short. Sometimes I get confused, if i draw demand line supporting the upward as I am waiting for retrace and good price entry...
  18. SimpleMeLike

    Define ROI before Trade?

    Thank you all for the reply. Yes, I agree. Calculating the risk first let's me manage my own trade and pick my stop loss price better.
  19. SimpleMeLike

    Define ROI before Trade?

    Hello, I am backtesting strategy with ES trading. Do you calculate your risk (points loss) vs reward (points earned) before you place a trade? Any other words do you calculate ROI (R:R) before you place the order? I want to make sure I am right track with my strategy by making sure I have...
  20. SimpleMeLike

    How to Back Test the ES Emini

    Thank you, I'm looking for a data provider that roll over the contracts while I be doing the back testing? I would like to use the exact data for that month, year of ES contract. Thanks
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