Top Step Trader Funded Account Journey

Victory or Defeat

  • Victory

  • Defeat

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nooby_mcnoob said:
For sure. Until he gets to 10K. Then when it is a volatile day, he can add 2 contracts on a pullback. Then the next trend day, he can add 3 contracts on a pullback.
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No, that is folly. You don't know it is a trend day until it is all over, and you are forced to liquidate when the trend reverses and the day is opposite what you thought it would be. I.E. not a trend day.

Scaling in is a very bad idea on an account like the one he is in. That's the trap, and you keep falling for it.
 
Overnight said:
No, that is folly. You don't know it is a trend day until it is all over, and you are forced to liquidate when the trend reverses and the day is opposite what you thought it would be. I.E. not a trend day.

Scaling in is a very bad idea on an account like the one he is in. That's the trap, and you keep falling for it.
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Nah, there are some tells which let you know if a trend is going to at least retest highs/lows.

Plus, you only add if your first entry is great, not if it's shit.
 
nooby_mcnoob said:
Nah, there are some tells which let you know if a trend is going to at least retest highs/lows.

Plus, you only add if your first entry is great, not if it's shit.
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So you are basically suggesting a trailing profit stop? Mreh, I dunno'. I guess that is all up to the individual trader's taste. Personally, I am an all-in all-out type of trader. I just hope Mr. Sauce can find his way without blowing the "funded" account he has.
 
Overnight said:
So you are basically suggesting a trailing profit stop? Mreh, I dunno'. I guess that is all up to the individual trader's taste. Personally, I am an all-in all-out type of trader. I just hope Mr. Sauce can find his way without blowing the "funded" account he has.
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I generally just take profit on big moves if I have more than 2 contracts. I'm not going to catch a full 500 point day ever, 200 points is fine by me.
 
nooby_mcnoob said:
I generally just take profit on big moves if I have more than 2 contracts. I'm not going to catch a full 500 point day ever, 200 points is fine by me.
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Indeed.

At this point, I think both you and I have more posts in the guy's journal individually than he has posts during his entire time here on the forum. We need to stop that, lol! Next time we want to get into it, make a separate thread in trading or chit-chat or something. Sorry again, Mr. Sauce! hahah
 
Finally in the green. :)

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Hope I close the week green. :rolleyes:
 
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