Back at Topstep trader TST

[legionx]

It's really difficult sometimes to find the right timeframe that suits your personality. Not to mention you are up 50-100 ticks for that day and get overzealous. I use to trade CL but trade NQ because it's the ideal product for me, day and night, night and day. My problem only is not knowing when to stop. I have not been focusing on any other prop but TST and I think I am doing fine. My only gripe is trying to make 2k in one day.
Mondays are not my best days, but still will be trading. Hoping I wouldn't have to reset. You will see that I hit the target plus up by 1k but then I was testing the 20 sec timeframe. Lots of work and not so good result. My goal this week is increments of $500 for now. This will coincide with my fitness and mental strength. GoodLuck .

 

[D-3C0]

i think you need to step back and find a edge before you continue trading. nothing can replace hard work put in finding your edge.

I've noticed from another thread someone said your were in the HFT, Algo side of trading, where I'm assuming edge can be shown through hard numbers, statistics and probability. I find it hard to determine edge as a discretionary trader, what things would you define edge as from my shoes.

Is it developing the ability to predict the market better, is it your risk management? Is it you. Can you yourself be your edge?

Is edge just becoming better until you are profitable, or looking and finding a certain "something". This a question that really puzzles me in the world of trading.

 

[MarkBrown]

Is it developing the ability to predict the market better, is it your risk management? Is it you. Can you yourself be your edge?

Is edge just becoming better until you are profitable, or looking and finding a certain "something". This a question that really puzzles me in the world of trading.

This is probably the most deep and complicated question I have ever been asked. Many discover existing edges from successful traders. They study, trust and tweak until they can call the edge their own. Examples of these edges are statistical arbitrage, modern portfolio theory, naked premium selling, short term scalping, reversion to the mean and narrowly trend trading.

However to find a unique edge is truly as impossible as you being able to recognize the difference between air molecules with no senses at your disposal to rely upon.

You have to have faith to find what is obvious, kinda like accepting that air is real even though it's invisible. If you demand proof before acceptance then you will never recognize the edge when you do find it. Edges exist everywhere but many will only find the edge they accept as theirs.

Fact is everyone is missing something, the way you find it is by reverse engineering. You see the results you want to achieve there on the chart so figure out how to trap the edge and it will be yours.

Mark

 

[caacapital]

Done with tst I’ve spent more than I would get in a funded account. I don’t trade with any strategy doing this sim anymore and I don’t think anyone actually does. Selling my reset code in another thread if you still have a combine.

 

[traderjo]

"I’ve spent more than I would get in a funded account... thanks for being open about it..THAT IS THE CRUX OF THE MATTER but pointing it out is unpopular!
There has to be a better business model where 2 things can be achieved
1) The "Prop Firm" is protected from unnecessary volume to test newcomers ( with advances in Automation Machine Learning / Artificial Inelegance now a days it should not be that difficult to automate the process of accessing the sim accounts!
2) The newcomers are protected from being on the hamster wheel of "Test fees"
Anybody listening !
May be it is not done because the Test selling market is too lucrative and hunting for talent is sort of secondary motive!
May be regulators should look in to this

 

[treeman]

Fact is everyone is missing something, the way you find it is by reverse engineering. You see the results you want to achieve there on the chart so figure out how to trap the edge and it will be yours.

This is pithy, and a descriptive way to think about the process.

 

[p0box4]

May be it is not done because the Test selling market is too lucrative and hunting for talent is sort of secondary motive!

This!

One of the companies always has said they where in the game to give traders a chance to get funded, not for the hamster weel fee's.
However a few months later now and all the advantages for traders are gone and the price has gone up.