6 months TopStep 50K Net Profits

[Overnight]

Here is the scaling plan:
View attachment 219868
...

I'm sorry to hear that you happened to hit the max daily DD limit, and I am sure you will be pounding your head against the wall on how if you just had a bit more time or money in the account, you would have survived.

But I just realized the audacity of their scaling plan that you posted...

151.5K? OK! Go go 3 lots!

Make 500 more? Go to 4 lots!

Earn another 1K on top of that? yay, 5 lots!

And here is where it gets crazy...

Earn another 1500 bux on top of that? Now double up to 10 lots! You'll be fine!

So now you are sitting pretty at 154.5K. Yer at 10 lots maximum.

Earn one penny more, and they give you 15 lots total?!?

Geez! Does it make sense from any standpoint to be at 151K and 3 lots, and then 155K and 15 lots? Not in the slightest. The ratios are horribly, horribly off-kilter.

I think the point I am making is, if you do not HAVE to scale up, do not scale up. Just stick with 1 little lot (And if you did/could, you'd still be in the combine right now). With the way the equity indices have been moving for the last 2 years, that is PLENTY.

If they FORCE you to scale up, against your trading plan or will? Then they are planning on your failure.

 

[Sekiyo]

I'm sorry to hear that you happened to hit the max daily DD limit, and I am sure you will be pounding your head against the wall on how if you just had a bit more time or money in the account, you would have survived.

But I just realized the audacity of their scaling plan that you posted...

151.5K? OK! Go go 3 lots!

Make 500 more? Go to 4 lots!

Earn another 1K on top of that? yay, 5 lots!

And here is where it gets crazy...

Earn another 1500 bux on top of that? Now double up to 10 lots! You'll be fine!

So now you are sitting pretty at 154.5K. Yer at 10 lots maximum.

Earn one penny more, and they give you 15 lots total?!?

Geez! Does it make sense from any standpoint to be at 151K and 3 lots, and then 155K and 15 lots? Not in the slightest. The ratios are horribly, horribly off-kilter.

I think the point I am making is, if you do not HAVE to scale up, do not scale up. Just stick with 1 little lot (And if you did/could, you'd still be in the combine right now). With the way the equity indices have been moving for the last 2 years, that is PLENTY.

If they FORCE you to scale up, against your trading plan or will? Then they are planning on your failure.

Agree Scaling plan looks horrible.
But you don't have to scale as it's max position.

I did reset my account as I am still on time to make it before re-billing.
Well ... If I learn to take my loss LMAO otherwise I'll get hit another time.

(I did update my last post)

Got 12 days to achieve combine #2
It’s 750 per day.

 

[Sekiyo]

This is how scaling should work.
But it's 50/600 = 8.33% risk per point.

 

[jtlexington]

Glad to see you are back in! Quick question/ comment - you seem determined to finish before the next billing. I can see both sides of this, its good to have a goal, and you have a good track record of being profitable, so in theory it's completely doable. On the flip side, I wonder if it adds an extra level of pressure? Say you are 2 days away from the rebill and still need to make $2,000, do you force trades to try and make it, but because you are getting on the risky side of trading you also risk losing all the progress. Just a thought, good luck! I'll be following along of course.

 

[Sekiyo]

Glad to see you are back in! Quick question/ comment - you seem determined to finish before the next billing. I can see both sides of this, its good to have a goal, and you have a good track record of being profitable, so in theory it's completely doable. On the flip side, I wonder if it adds an extra level of pressure? Say you are 2 days away from the rebill and still need to make $2,000, do you force trades to try and make it, but because you are getting on the risky side of trading you also risk losing all the progress. Just a thought, good luck! I'll be following along of course.

Was busy today and took some time looking at charts. So yeah I better focus on trading well than to achieve performance indicators.

Focus on Min Risk and Max Reward.
Focus on my reading of the markets.
Focus on my craft rather than outputs.

Structure > Process > Output

My view on the $ES is still bearish.
We’re likely to pull back towards 3360
Then we might just continue lower to 3300.

Let’s see !

I’ll get rid of everything but a 5min Chart + DOM.
I’ll set up the trade before to take it with TP and SL active (Not just in mind).

 

[Branos]

It looks good, I can not understand how true it is, because fast super profits are quite rare in the market and I can not say that everyone can achieve such results, even if it is true, I can not. And no one can.

 

[Sekiyo]

It looks good, I can not understand how true it is, because fast super profits are quite rare in the market and I can not say that everyone can achieve such results, even if it is true, I can not. And no one can.

Would just like to say:
It's easy to make money. Much harder to keep it.
Also ... Give enough monkey a typewriter and get the complete works of Shakespeare.

I might have made money but without SL it's just noise heading towards 0.
Once loss is infinite then your expectancy is ultimately -100%.

 

[Sekiyo]

I’ll try to make at least 1 trade per day.
Risking 1K to make 2K. 1 Risk 2 Rewards.

The table shows the weekly PnL.
If I get 0 winners I am out as per Max weekly loss : 3K
If I lose 4 out of 5 then I am at a loss for the week.
Otherwise I should be in profit for the week (minus commissions).

I’ll be happy to finish the week with > 4500
To win at least 4 out of 5 trades.
Or to trade more ...

 

[Sekiyo]

Bought 2 ES @ 3298.25
Current TP 3318.25. (Mental) SL 3288.25

Price 3300
Current UPside 310
Current DOWNside 278

Might flip Short ...
Ratio looks better !

Let's see

If we break towards 278
I might try to cover and sell short around 297.5

Ok flipped my trade.
Went short 2 contracts @ 298.5
Target 278.50

If we break towards 310
I'll try to BE and flip around 297.5

Short look promising but 3300 looks like LT buy area.
Might going to be tough to go lower. . .

 

[Sekiyo]

Price fell to 3285.
Might add a 3rd contract at 3293.
We should head towards 3278.50 but ...
I am afraid Mr. Market stops around 3281 ...

Might TP @ 3281 let’s see.
if we get there.

3rd short contract filled at 3293.
Moved TP (3buy) up to 3281.50