Finally learnt to swing

padutrader said:
the challenge is money, is a very emotional for all of us and to remove emotion in a live account and trade only on technicals i something i have not been able to do.
i have lost 5-8 funded accounts till now. Lost count .
so the first goal is to think about technicals ONLY without the ugly head of money coming up
More...

You yourself set the target for being the best trader ever in 2 months ;).
 
padutrader said:
that others will judge. my target is just making common market sense trades and make around 4000 usd aday with a win rate of above 95%
More...

I don't want to ruin your party, but those targets aren't very realistic with the $1000 daily draw down allowance Topstep has with the combine size that you selected. Based on your past performance your risk of ruin with this kind of size that you are going to trade is much, much higher than your odds of success.

Not me being bitchy, pure stats.
Slow and steady wins the race.
 
ES is a dream come true for 5 min traders
scalp and /or swing. Swing according to Brooks is 4 points roughly but in American market you can get 20 points in a blink of an eye
 
p0box4 said:
I don't want to ruin your party, but those targets aren't very realistic with the $1000 daily draw down allowance Topstep has. Based on your past performance your risk of ruin with this kind of size that you are going to trade is much, much higher than your odds of success.

Not me being bitchy, pure stats.
Slow and steady wins the race.
More...
agree with you but that is where being good comes in

just watch this space

yes topstep has a drawdown target of 1000 but it is end of day and NOT trailing .
so i can make 1000 usd in the early globex market then risk that 1000 to get 2-3 thousand more by the time American markets open and then risk that.

taht is the game plan
 
p0box4 said:
I don't want to ruin your party, but those targets aren't very realistic with the $1000 daily draw down allowance Topstep has with the combine size that you selected. Based on your past performance your risk of ruin with this kind of size that you are going to trade is much, much higher than your odds of success.

Not me being bitchy, pure stats.
Slow and steady wins the race.
More...
nice discussing with you with the prospect of the boring weekend coming up

there is nothing more i hate than the weekend.
have a nice week end
 
padutrader said:
agree with you but that is where being good comes in

just watch this space

yes topstep has a drawdown target of 1000 but it is end of day and NOT trailing .
so i can make 1000 usd in the early globex market then risk that 1000 to get 2-3 thousand more by the time American markets open and then risk that.

taht is the game plan
More...

True, but it might be smarter to start slower and build a bigger maximum draw down cushion than $2k before increasing your risk and target. $2K is gone before you know it.
 
p0box4 said:
True, but it might be smarter to start slower and build a bigger maximum draw down cushion than $2k before increasing your risk and target. $2K is gone before you know it.
More...
true
that is what top step advises.
i was too stupid to do it and after blowing so many accounts i finally learnt to read the market not by luck or hard work but perseverance and by literally "buying" knowledge/enlightenment and wisdom which you can only get by punishing your self for uneducated trades which result in losses. Losses is a painful way to learn and i would not recommend it to anyone but you learn well: spare the rod[pain] and spoil the trader
 
You must log in or register to reply here.
Back
Top