Search results

You've announced your leave a few times now, but I see you're still around. Regardless, I heard back from TopStep. What they said was that a trader could request more 'capital', but no specifics were given when I asked if they could elaborate. I asked if they had any examples, but they could...

I know a hedge fund trader who focuses on day trading index futures that's posted losses or breakeven months for 24 months straight after he launched his fund. This information is publicly posted. Prior to launching his fund he released a 'how to' book on trading and he's still 'teaching'...

I'm sure you also cut your winners short while taking full losses. It takes time and experience (back-testing + forward testing/live trading) to build confidence in your trading method (assuming it's any good to begin with). One trade is just that. One trade. Over the course of a month or a...

Don't give up, buddy. You have a nice chunk of change now and it's been working fine until today. Figure out what went wrong, solve it and take action to protect yourself from future occurrences. Couldn't a simple auto-liquidate (maximum daily loss limit) be implemented as a fail safe?

I haven't taken any courses, so I'll leave that for others to answer, but make sure they disclose whether they're actually making any money before making recommendations to you. Most of the people giving you advice are probably still struggling themselves and certainly not bringing home...

Think about it for a second... If the market does indeed offer the opportunity to make millions. Why would anyone in the possession of that knowledge sell courses and give away their system? The logical conclusion is that the courses are either insufficient (but possibly containing some...

What I assume you mean is that nobody can predict with 100 % accuracy/certainty, but the market is most certainly not random and there are certain scenarios that can be predicted with a very high probability. For example, ES today, have a very high probability of closing below 4440. It's a...

Periodically. I was even «funded» with a few of these bucket shops at one point, but mostly trading my own money for the last years. Had some down time at work. I don’t, so I reached out to them directly. Waiting for their reply. :)

I think I’d need a hell of a lot of luck for that to happen. :)

Specifics? I reached out to them to ask, but feel free to fill me in meanwhile. Personally, it's not really interesting for me if they only offer $4500, but if they would stake a trader it could easily be worth my while.

Right. Can you elaborate on your statement, “If you understand what those investors want…”? There was a guy here in Norway who launched a hedge fund two years ago with no track record as far as I know, but he had 20 years of experience as a broker (salesman) and talked the talk. 2 years later...

Oh, I would most definitely have taken the opportunity if I got it, but I don’t think it’s realistic given my age, background and location. While I have a degree, it’s in engineering and not in finance/computer science which seems to be the preference for these type of jobs these days. Further...

From my perspective, assuming directional trading, the difficulty increases as a function of time frame and leverage - where highly leveraged short term trading is the most difficult. This type of trading requires accuracy and both fast and correct decisions. There's not much room for error and...

Makes sense - and no counter-arguments on my end. However, I still think what I said is true. I've read some accounts of people who managed money and disliked the pressure and went back to trading their own money exclusively. Curious. How easy would it be for a retail nobody to raise any...

Curious. What was the offer?

Who told you this, then? I asked @Topstep this in December 2022. My understanding is that TopStep will provide you with say a $5K drawdown which effectively is your account size. If you run that account up to $20K, $50K or $100K - that's your money to withdraw at that point. And if you...

Why so angry? I think you need to catch up on that sleep you keep mentioning every other post. Show us how much money you made on Monday with an actual P&L statement, but make sure you catch up on that sleep first. :)

What's a balance chart? Regardless, if your largest win is $1411 and your average daily gain is in the ballpark of $50-100 the logical conclusion would be that you have had a drawdown in that ballpark which you recovered from to end the day around your average daily gain. So, in summary, you...

Quick comment as I have to run, but just by eyeballing that equity curve it seems like you've had several days where your intraday drawdown exceeds weeks of prior gains, yet you were able to recover and end the day green. So, I imagine your algorithm in some way caps upside (seems like your...

I suppose that depends on what's going on 'behind the scenes' intraday. If you're averaging down or doubling down on trades to make back initial losses, you may one day meet your black swan. Your equity curve on a daily basis is extremely smooth. Is it just as smooth if you were to post the...