Stopped out for a tick almost instantly... this was done in the practice non-Combine account ...
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Cooltraderdude's TopstepTrader Combine (daily trade report and journal)
- Thread starter TST_Hoag
- Start date
Good thing I did it this way (stopped @ 1.3072) because the market is at 1.3055 right now...
But it doesn't count because I did it in practice.
But it doesn't count because I did it in practice.
Some people were talking about a trading plan...
Allright... Here it is...
Plan
1. Make a decision on the direction of the market.
2. Master the entry.
3. Remember your ABCs... that's Always Be Cutting!
(or Be Like Rodent BLR)
4. Trade size.
Works OK for making your daily bread and butter but it ain't going to beat this Combine.
To beat this Combine you need position trading...
Check out my profile at TPT...
http://www.topsteptrader.com/ViewProfile/cooltraderdude/0/p/0
Allright... Here it is...
Plan
1. Make a decision on the direction of the market.
2. Master the entry.
3. Remember your ABCs... that's Always Be Cutting!
(or Be Like Rodent BLR)
4. Trade size.
Works OK for making your daily bread and butter but it ain't going to beat this Combine.
To beat this Combine you need position trading...
Check out my profile at TPT...
http://www.topsteptrader.com/ViewProfile/cooltraderdude/0/p/0
Quote from traderchi128:
Me too....I think it's great he's making an attempt. But he seems very caught up in his daily P/L. If you have a strategy and are confident, then don't worry about having to make this amount or that amount. JUST TRADE. If your strategy is good the money will take care of itself.
He seems way off in his thinking. I guess on "average" he could look at it as he needs 10 days of +350. But if he is patient and waits it out for his set ups (if he has any) then making 3500 trading 5 lots of CL is very doable. Can hit that rather quickly if he isn't scalping for a few ticks. The fact that he now thinks he's really down 500 is way off base.
As far as others on here.....I don't really pay attention to all the 7 figure master traders on here. Seen too much of that bs over the years.
traderchi128- Agreed. That is what we say. We want you trading your plan and managing your risk. ie. Just Trade. Like you said if your strategy is good the money will come. Besides instilling discipline or seeing who has discipline, we want to see who has a trading plan or strategy that works in today's market... that is our goal with the Combine.
mp
Sold 2 lots @ 1.3051.... Position trade taken on the break... Trying to hold for a while...
Quote from CoolTraderDude:
Something wrong with my connection again...
Market at 1.3054 in reality but showing 1.3067 on DOM... and this time it ain't the month I'm trading. Unless E6 doesn't correlate to spot...?
No dude, futures do not correlate to spot. There is something called an interest rate differential.
Quote from ScalperJoe:
CoolTrader,
Crude has some wicked moves, today it dropped 4 pts which equates to 4 grand on 1 lot! Even getting a piece of this would have been good.
Scalping for a few ticks will be difficult, given that the combine also requires TWO of the following:
1. average win greater than average loss
2. average win duration greater than average loss duration
3. overall win percentage of 45% or greater
If you take many small losses, then #3 is out. Therefore you can only pass with the first two, which requires you wait for entry and hold for a bigger move, or take size on a smaller move when you are confident that the odds of the set up are in your favor.
Ask TST if they will let you view reports of those who met the objective, so you can see exactly what they did.
The report seems to change when a new trader is funded, here's the one that traded Crude exclusively and was posted on the other thread:
http://www.topsteptrader.com/fundedtradereport
Hope that helps.
ScalperJoe- Reports change as we recruits that submit a Custom objective (which is basically a proposal on how they would like us to evaluate their trading)... We added this awhile back to allow us to evaluate recruits who's trading did not fit well with our standard scouting evaluation criteria.
mp
ps. you can go here to find out about the Custom objective: http://www.topsteptrader.com/customevaluation