the1 TopstepTrader Combine Journal

Quote from julycotton:

Fuck this stupid fucking contest.
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Can I suggest you learn how to express yourself, keeping stuff bottled up is no good, come on, let it out. :D
 
Quote from julycotton:

I'm starting my 5th trading combine with TST today
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Time to retry, the new rules are in effect from today, I think. Or you could just sign up for their sim trade practice account and waste less money...
 
Quote from iankotze:

No offence but you can't really blame anybody but yourself here. I mean how can you trade your own money if you can't shut it down before you hit a daily draw down limit be it 1k or 15k.

Someone that hits a daily loss limit in the combine best sign up for another one and keep doing them because there is no way you should ever be trading real money if you cant keep yourself under control to follow the most basic rule of preserving capital to fight another day.
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You are 100% correct. I will do another after reading this. But I want to be clear about a couple of things.

1) I wasn't blaming anyone but myself

2) I trade my own money and don't do this. I never move my stops with my own account. I need to figure out why I'm doing it in the combine though, that it true. I think with 2 days left and the goal being virtually unattainable I just said screw it. And I think that's actually a function of it NOT being my money.
 
Quote from Pekelo:

Time to retry, the new rules are in effect from today, I think. Or you could just sign up for their sim trade practice account and waste less money...
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Definitely going to see it through.
 
Quote from smallStops:

My respects to you for learning after each combine and getting better.
Thanks again for letting us know that passing the combine is not a "given".
I also realise you have been clever by taking as many combines as possible
instead of wasting your own money losing your own capital. Respect. :)
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Thx, but I'm not feeling terribly smart at the moment.
 
Quote from volente_00:

What you say is true but there is one major difference between live trading and combine.


In the combine you are forced to reach a certain profit in a limited time frame. This causes people to take unnecessary risk under less than ideal market conditions in an attempt to hit a target.


In real trading one never knows what the market will bring on any given day. I may trade an 18 hour session and only end up $100 for the day. I may trade the next session and be up $10,000 and give back $5,000. I may only make $3,000 on the next and may lose $4000 on the next. Drawdowns are a normal part of trading, but I know with my system's positive expectancy, if I keep taking my shot and controlling my risk I will end up net profitable over time. There is nothing wrong with having a max loss, but if it is too tight it will skew your results because the next trading opportunity the markets presents is independent of your previous trade.
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This is what I've been trying to say unsuccessfully. Well put.
 
Quote from Tonkadad:

Can I suggest you learn how to express yourself, keeping stuff bottled up is no good, come on, let it out. :D
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Italian blood doesn't allow for things to get bottled up. Luckily after its out I'm over it just as quickly. But a couple of well placed f-bombs feels good now and then... :-)
 
Great day because I wasn't worried about breaking combine rules since I blew out yesterday.

I believe the new rules will be much more beneficial. I will pass this combine if it's the last thing I do!
 
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