6 months TopStep 50K Net Profits

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Sekiyo said:
Seller @ 2485 (Not filled yet)
TP 2435, SL 2515
More...
Good Morning Sekiyo,

Thank you for sharing your entry, SL, PT.

I am forwardtesting/backtesting with Trailing Stops and Fixed SL and PT (set and forget it) exiting strategies. I am still figuring out what fits my personality style and energy level as far as existing a trade. The best way to find out is testing and observation.

A few questions please. You can respond after the trading sessions so I do not disturb you.

1. For your trade management, like this example do you just set your entry at 2485, stop at 2515, and profit target at 2435, and let it go? No trailing or breakeven?

2. Have you every tried trailing stops (to trail a winner) in your trading? If so, please share your thoughts.

3. I notice your Risk vs Reward for this trade was 1.6. Do you always aim for this RR ratio per setup?

Thank you,
 
Sekiyo said:
Little chart
View attachment 222324

One of my problem was having too narrow a view.
With this kind of volatility I thought I has buying low and selling high.
But I ended up entering the market in the middle of the range ...

It's nice to take 15minutes before trading and review the last month, week, day.
Find nice spots, place your orders if willing not to optimize real time.

I expect a double top around 2650.
Then a continuation towards 2200.
More...

Good summary. I have started coming to the chart 40 minutes before trading time just to review myself

I can understand the expectation of entering short at 2650, but the market sometimes have a mind of its own against our pre planned setup.

The red level I draw is a 2nd opportunity short just incase price does not make it to double top area of 2650.0

My thoughts would have been: Short entry below at blue arrow, stop loss at purple arrow and profit target at orange arrow.

upload_2020-3-17_9-46-50.png
 
Sekiyo said:
View attachment 222303

View attachment 222304

All set for step 2 in 15 minutes.
From refinancing to be able to trade.

Good job @TopstepTrader
More...
Congratulations to you sir. I am proud of you. :thumbsup::thumbsup: This is really great to hear.

I am still in the 50K trade combine step one. I started off with scalping (RR <1)...then went to reducing my risk and finding setups where RR=1, now I am slowly letting the trade go further for higher RR above 1.5.

So its good to see that you are keeping your trades of RR >1 like me. It gives me hope I am in the right direction.
 
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upload_2020-3-17_21-16-59.png


Today's range:
2 554
B4, S4
2 491
B5, S5
2 428
B0, S0
2 365

Bought and sold most in the middle.
Also negotiated at the top of the range.
 
Last edited:
SimpleMeLike said:
Good Morning Sekiyo,

Thank you for sharing your entry, SL, PT.

I am forwardtesting/backtesting with Trailing Stops and Fixed SL and PT (set and forget it) exiting strategies. I am still figuring out what fits my personality style and energy level as far as existing a trade. The best way to find out is testing and observation.

A few questions please. You can respond after the trading sessions so I do not disturb you.

1. For your trade management, like this example do you just set your entry at 2485, stop at 2515, and profit target at 2435, and let it go? No trailing or breakeven?

2. Have you every tried trailing stops (to trail a winner) in your trading? If so, please share your thoughts.

3. I notice your Risk vs Reward for this trade was 1.6. Do you always aim for this RR ratio per setup?

Thank you,
More...

1. Depends management wise.
I've no set in stone rules. I do not trail.
Usually I try to break even if my trade does not work.
And if it goes into my favor I sometimes put a protective stop.

2. I've not tried to trail a winner.
My thought are that you can use a fixed number.
It will depends on the volatility and the peculiar price action of the day.
I believe it's doable and that in the end that should be the way to take profit / loss.

3. I aim for at least 1 risk 2 reward but my average loss is 2 my average gain anyway ...

I tend to wrongly believe that I'll be able to not lose.
But by trying to not to 500 and break even I end up blowing up.
So ...

Keep rocking !
 
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