Toad79's TopstepTrader Combine Journal

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Quote from TraderToad:
----Day 8
----Bad trading today....
----Got to bed kind of late....
----was just too tired....
----felt rushed....
----CL seemed choppier....
----my other job....
----judgment seemed impaired....
----I was impatient....
----finished down -$2975.
----today was just not happening....
----should have swallowed my pride and pulled the plug a little earlier.
----under where I should be....
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1) Regarding your profitable days, were there any where you were down "substantially" and managed to make a turnaround back to profitability? :confused:
2) If not, it may be beneficial to decrease your maximum daily drawdown threshold and preserve "money". :cool:
 
Quote from TraderToad:

Thank you for the encouragement, I need it. I do not have a scalping system like you mentioned because I don't feel I need to do that to pass the combine.

The rules I signed up for stated:

Each product traded must have a Trading Average greater than $0 and meet at least TWO of the performance rules listed below:

Overall Average Win greater than Overall Average Loss

Overall Average Win Duration greater than Overall Average Loss Duration

Total Win percentage of 45 or greater


I am meeting the first two performance rules with ease so far. So I should not be required to have a 45% win rate. I would really like to better than 45%, but I am not going to change the way I do business to try and manipulate the numbers. I figure, if it happens, that's great, otherwise no big deal. Thanks again for the kind words.

TraderToad
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It looks like TopStep changed their combine rules two days ago. I will have study them but at first glance, it seems that any significant drawdown would end the combine. The older rules seem more tolerant of drawdowns (after an equity high).
 
Quote from roreilly:

it seems that any significant drawdown would end the combine. The older rules seem more tolerant of drawdowns (after an equity high).
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It is actually rather simple. You have a moving max. DD until you reach in profits the value of the max. DD, when it becomes fixed, so you can not lose more than your starting account. So if you made way more than the max. DD, you are allowed to lose it all down to zero, but not more than that. Thus you are incorrect that you can not have a significant DD, you just have to build a cushion first....

https://cdn.bmcharts.com/postcache/e/b/a/8/5/8/Minimum_20Account_20Balance_20FAQ.png
 
Quote from Pekelo:

It is actually rather simple. You have a moving max. DD until you reach in profits the value of the max. DD, when it becomes fixed, so you can not lose more than your starting account. snip
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I knew I needed to study it more. Thanks.:D
 
Another tough day for me in the combine. This week did not go as planned and I need to make some major adjustments if I want to succeed in this combine. Anyway, $-2955 today and not much else to say.:mad:
 

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Quote from nazzdack:

1) Regarding your profitable days, were there any where you were down "substantially" and managed to make a turnaround back to profitability? :confused:
2) If not, it may be beneficial to decrease your maximum daily drawdown threshold and preserve "money". :cool:
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1. I have been down a good chunk of change and dug my way out. Actually, I have done it many times in the past, just having difficulty lately.

2. Yeah, you are right, I need to make some adjustments or I won't make it.
 
Quote from TraderToad:

Another tough day for me in the combine. This week did not go as planned and I need to make some major adjustments if I want to succeed in this combine. Anyway, $-2955 today and not much else to say.:mad:
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Your ability to stop just before the daily loss limit is your saving grace so far. Too many others bust out before they even get a chance to redo their combines.

Question: does the two days in a row of loss trigger the 'max drawdown'?

I mean, is it 'loss from top' or drawdown from the 0 line?
 
Quote from Jack_Larkin:

Your ability to stop just before the daily loss limit is your saving grace so far. Too many others bust out before they even get a chance to redo their combines.

Question: does the two days in a row of loss trigger the 'max drawdown'?

I mean, is it 'loss from top' or drawdown from the 0 line?
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1 .Yeah, I have been pretty lucky with not busting the daily loss so far. It shouldn't even get to that point.

2. I don't believe that it does. From my understanding from what I signed up for before the changes, I would have to have my account dip below $145,500.
 
Quote from TraderToad:

Another tough day for me in the combine. This week did not go as planned and I need to make some major adjustments if I want to succeed in this combine. Anyway, $-2955 today and not much else to say.:mad:
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You know you are ok. Sometimes when you change things up (combine), its gets out of whack for awhile.

Not to mention oil has been affected by Syria for the last couple of days.

I am still long TraderToad.
 
Quote from Jack_Larkin:

Question: does the two days in a row of loss trigger the 'max drawdown'?

I mean, is it 'loss from top' or drawdown from the 0 line?
More...

In TT's case no, because he is still playing by the old rules, but after the 28th, the max. DD is a moving target and it comes up to your zero level, where it stays. So if TT was playing by the old rules, he could only lose 1.63 K and then he would be below the max. DD.

It is possible they changed this, but you were able to dip below the max. DD as long as you come back by the end of the day. Just keep that in mind, going below the max. DD doesn't automatically stops you.
 
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