Sekiyo's journal. 1Risk 2Rewards. ES. TsT ?

[Sekiyo]

Hello everyone.

I am not new here,
I've been around since 2012,
However I took a break and plan to come back.

In order to warm myself up I've decided to sim trading a little bit.
I know it's not real conditions, it's a game more than a proper venture.
But I don't have lots of capital right now. Everything is in Crypto ... XRP

I've found this platform provided by TopStepTrader: TSTrader.
It has the basics. Don't need more. DOM, Histogram, Ticker tape and a nice report.

I've set up a bracket order: 4 ticks SL and 8 ticks TP.
Curious about the win rate I can achieve.

The account has 150k virtual money,
I'll risk 0.005 or 0.5% per trade.

Here is today report.

1st. Sell. Ok.
2nd. Buy. Closed because support breached.
3rd. Sell. Ok.

 

[Sekiyo]

Update :

1st. Sell. Ok.
2nd. Buy. Closed because support breached.
3rd. Sell. Ok.
...
4th. Sell. Closed
5th. Sell. Ok

 

[Sekiyo]

Update :

1st. Sell. Ok.
2nd. Buy. Closed because support breached.
3rd. Sell. Ok.
4th. Sell. Closed
5th. Sell. Ok
...
6th. Sell. Closed (Removed Stop O..O, Closed with 7th)
7th. Sell. Ok.

Edit:

Actually trade 7th has been declined as I was full live contract (15).
However I did set 30 contract to close.
Therefore I went up 15 contract
.... F*ck. Took small profit.

Didn’t even know I was long 15 contracts.
That’s the kind of mistake to blow your account.

 

[SimpleMeLike]

Awesome Sekiyo, great work.

I am at TST as well, in the $50K virtual account.

How many contracts do you trade per trade?

 

[Sekiyo]

Awesome Sekiyo, great work.

I am at TST as well, in the $50K virtual account.

How many contracts do you trade per trade?

Thanks
Are you passing the exams ?
I am trying it for free for the next 2 weeks.

I haven’t paid anything yet.

I used 15 contracts per trade.
Which is the 150K account’s max amount.

With a 4 ticks SL it’s 0.5% Risk.
150,000/(15*4*12.5) per trade.

 

[SimpleMeLike]

Thanks
Are you passing the exams ?
I am trying it for free for the next 2 weeks.

I haven’t paid anything yet.

I used 15 contracts per trade.
Which is the 150K account’s max amount.

With a 4 ticks SL it’s 0.5% Risk.
150,000/(15*4*12.5) per trade.

Good job Sekiyo,

No I am still in the combine, phase 1 stage. But this is due to my own fault and progression. I will pass soon.

I like TST good place and good support.

The trailing drawdown for the 150K account is $4500, so you are risking $750 (15*4*12.5) per trade. So you are actually risking 16% of actual trading capital per trade, not 0.5%.

I just wanted to state that part so you know.

 

[Sekiyo]

Good job Sekiyo,

No I am still in the combine, phase 1 stage. But this is due to my own fault and progression. I will pass soon.

I like TST good place and good support.

The trailing drawdown for the 150K account is $4500, so you are risking $750 (15*4*12.5) per trade. So you are actually risking 16% of actual trading capital per trade, not 0.5%.

I just wanted to state that part so you know.

Very true, indeed.
I am out if I lose 6 trades in a row.

Might trade less contracts next time.
Target for 150K account is 9K.
Could be done in 4 weeks.
With 9 contracts.

I’d then risk 10% per trade.

How much contracts do you trade ?
For a 2K max drawdown ?

 

[SimpleMeLike]

Very true, indeed.
I am out if I lose 6 trades in a row.

Might trade less contracts next time.
Target for 150K account is 9K.
Could be done in 4 weeks.
With 9 contracts.

I’d then risk 10% per trade.

How much contracts do you trade ?
For a 2K max drawdown ?

Hello Sekiyo,

I only trade 1 contract, my risk range between $150 to $300 per trade depends on price behavior at the time.

 

[SimpleMeLike]

Very true, indeed.
I am out if I lose 6 trades in a row.

Might trade less contracts next time.
Target for 150K account is 9K.
Could be done in 4 weeks.
With 9 contracts.

I’d then risk 10% per trade.

How much contracts do you trade ?
For a 2K max drawdown ?

You can continue trading 15 contracts if you are well disciplined and make no mistakes and understand the risk.

Do you use limit orders, in on retrace.

 

[Sekiyo]

@SimpleMeLike

Great move to adjust your stance according to price behavior.
Might do the same but always with 2Reward 1Risk in mind.
Because sometimes 4 ticks Stop Loss feels too tight.

Wish you the best for your combine.

I use limit orders to enter and won't chase the market if not filled.
Sometimes I exit manually at break even (+1 tick) when price acts weird.
But SL and TP are automatically set in place once I get in as per my defined setup.