6 months TopStep 50K Net Profits

[Sekiyo]

This is some payoff functions from the 137 trades in the record so far.
I just make 20k random combinations from it. Add 2, Add 4, Add 8 ...

The minimum is 18.2k
The maximum is 13.8k

Imagine losing 18.2k over 8 trades
LMAO

Don't you use stops?

Great question, mate.
I use them to secure tiny profit.
Learnt it's actually used to protect against large risks.

I gotta say. Its a bit confusing to see this along with such a nice PnL chart. It just doesn't make sense to be so consistent with making money, but then have to go to square one.

If you didn't have a daily loss limit, do you think you'd be doing much better? If you were trading your own account, could you replicate this type of trading? Or are you more so not caring about the trades, no emotional attachment since its not your money, so its easier to do the right thing, bet then that 1% of the time you get bitten?

I honestly think that given the low barrier to entry for trading micro contracts, its the day to go. I mean if you have $500 or whatever it is for these TST entry fees, I think you can almost trade one micro. Perhaps the margins are higher now, but they shouldn't be too far out of reach.

At least when you pass a TST, its easier to trade the same way, since its still not your money, but I know personally the difference it is to trade SIM vs. real money. So I think the sooner a trader gets to trading real money, even just one micro contract, the better off they will be for long term success.

TST is a different game I believe.
We play different rules than those trading real money.
But it's still a nice experience even though it's a waist of time.
As you said ... Just trade one micro with little to no capital and done.
But seriously I don't see me trading pennies. So I try to get 10k from TST.

I believe I need a hard daily loss limit because otherwise I could smoke it in a day.
Gotta learn to manage risk. I've read a lot about it but seriously it is visceral.
Got to learn to handle sounds practices. Days in and days out. A habit.

Guess I could replicate my trading in real.
And the more I trade the more I could I believe.
I can be as reckless as I am with real money seriously.
That's my problem. Up to a point I just lose my head. Not a hardcore gambler neither.

1% or even 0.01% is enough to demolish anything.

Gotta learn some basics principles.
Like Min Risk and Max Rewards.
Put them into practice.

It's said "Easy to make money, harder to keep"

In my opinion it does make sense.

He has a habit of letting losers run until he gets near his daily loss limit and probably is just hoping for that the market is going to reverse.

Absolutely no disrespect to you Sekiyo, you are great at picking entry's but you need to work on your exits when a trade goes against you. You are taking way to much risk and it almost seems like you are gambling. If a trade doesn't reverse you blow the account. This also explains the crazy high win rate, you are just not taking losses and that is what is killing you.

Indeed.
It's crystal clear.

I do take losses.
But sometimes it just get too big to fail.
And that's where I lose control. Sometimes I just run away.

I am like a baby playing with an atomic bomb.
Gotta learn risk management. Taking risk is easy.
Survival is a bit tougher ...

Sometimes the market reverses.
Goes from -1k to -100. But I want that +1 tick.

This is hilarious. I know ... Call it whatever you want.
Then I blow up and I feel like really stupid.
TST has a reset button.

But life won't throw you back your savings.

Yup, high win rate often hides huge risk.
I just try to water the big ones into a zillion of tiny ones.
So the average looks a little bit sexier. Kidding ... ^^

Gotta learn to take losses.
To fraction my bankroll into small portions.
Cause if I lose it all today. There will be no tomorrow.
So better leave aside some shots for later. Maybe for the better.

Enjoy !

 

[Sekiyo]

These are the first 15 Quantile.
So the problem is 8% of my trades.
Everything else is below 500$ which is Ok.

 

[Sekiyo]

Think I am done for today. Done way more than usual.
Trading smaller targets. Shorter term. The volatility wasn't always there.

Great day

 

[Sekiyo]

View attachment 223082

This is some payoff functions from the 137 trades in the record so far.
I just make 20k random combinations from it. Add 2, Add 4, Add 8 ...

The minimum is 18.2k
The maximum is 13.8k

Imagine losing 18.2k over 8 trades
LMAO



Great question, mate.
I use them to secure tiny profit.
Learnt it's actually used to protect against large risks.



TST is a different game I believe.
We play different rules than those trading real money.
But it's still a nice experience even though it's a waist of time.
As you said ... Just trade one micro with little to no capital and done.
But seriously I don't see me trading pennies. So I try to get 10k from TST.

I believe I need a hard daily loss limit because otherwise I could smoke it in a day.
Gotta learn to manage risk. I've read a lot about it but seriously it is visceral.
Got to learn to handle sounds practices. Days in and days out. A habit.

Guess I could replicate my trading in real.
And the more I trade the more I could I believe.
I can be as reckless as I am with real money seriously.
That's my problem. Up to a point I just lose my head. Not a hardcore gambler neither.

1% or even 0.01% is enough to demolish anything.

Gotta learn some basics principles.
Like Min Risk and Max Rewards.
Put them into practice.

It's said "Easy to make money, harder to keep"



Indeed.
It's crystal clear.

I do take losses.
But sometimes it just get too big to fail.
And that's where I lose control. Sometimes I just run away.

I am like a baby playing with an atomic bomb.
Gotta learn risk management. Taking risk is easy.
Survival is a bit tougher ...

Sometimes the market reverses.
Goes from -1k to -100. But I want that +1 tick.

This is hilarious. I know ... Call it whatever you want.
Then I blow up and I feel like really stupid.
TST has a reset button.

But life won't throw you back your savings.

Yup, high win rate often hides huge risk.
I just try to water the big ones into a zillion of tiny ones.
So the average looks a little bit sexier. Kidding ... ^^

Gotta learn to take losses.
To fraction my bankroll into small portions.
Cause if I lose it all today. There will be no tomorrow.
So better leave aside some shots for later. Maybe for the better.

Enjoy !

Need to remove, mitigate, the left tail.

 

[FTDK]

Think I am done for today. Done way more than usual.
Trading smaller targets. Shorter term. The volatility wasn't always there.

Maybe its a good idea to practice with market replay at times when you are not trading the current market? This way you can also practice to trade low volatility periods.

Remember this high volatility is very unusual and will disappear in a matter of weeks/months. Then we will go back to a trend of maybe just 10 - 20 ES points or less for the entire session.

 

[Sekiyo]

If one can corner the retrace,
Then one can trend on the avenue.

 

[Sekiyo]

"Buy rising stocks and sell falling stocks"
Often we (Myself included) laugh at this saying.
It's because we do prefer to buy low than high.

But the only time you can be wrong by buying a rising stock,
Is to buy right at the top. It's actually a low probability event.

Most of the time you get more upside than downside.

Now buying low means to buy the near bottom of a falling stocks.
It's harder. Because it's a low probability event.
And most of the time the downside is greater.

 

[Sekiyo]

Great European Session.
Lot's of +1 tick.

But I've still managed to take 36pts
PnL: 1788

 

[Sekiyo]

That's my main problem.
I am short when I should be long and inversely.
Were successful taking longs in a bearish environment.
But it could be even better by to shorting downtrend and buying uptrend.

If we look a entries relative to the development of the price,
Then we can clearly see that the absolute downside outweigh the upside.
Because small retrace can't beat the trend. So by being contrarian you're taking huge risk.

More often than not.

Sure ... You can catch the absolute bottom.
But you won't catch the absolute bottom without scares.

I myself don't hold positions long enough.
So even if I catch the absolute bottom I won't profit from it.

I better go with the trend.
Take less absolute risk and I'll be better off.

GO WITH THE F_CKING TREND !

It's wiser Probability and Payoff wise.
So it's a win win situation.

 

[Sekiyo]

trying to short 2540
Even if I believe we've kinda reached the bottom at 2500

Currently we're still making lower lows.
But we're slowly bottoming as the downward trend gets flatter.