Top Step Trader Funded Account Journey

[Secret Sauce]

Inching up...

 

[nooby_mcnoob]

Not really out of the hole. Halfway there.

That's fine. One contract or 15? lol

 

[Secret Sauce]

That's fine. One contract or 15? lol

Just one. lol. Wish I had enough buffer for 15.

 

[nooby_mcnoob]

get to 10K then you have my blessing to risk it all on a good trade.

 

[Secret Sauce]

get to 10K then you have my blessing to risk it all on a good trade.

RIP risk management.

 

[nooby_mcnoob]

View attachment 269624

RIP risk management.

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
...
Yours is the Earth and everything that’s in it,
And—which is more—you’ll be a Man, my son!

 

[nooby_mcnoob]

btw, again, you don't need to risk it all. Like today, you could have started out with one contract and added a couple of times during the day, at least until NQ blew through 15160

 

[Overnight]

btw, again, you don't need to risk it all. Like today, you could have started out with one contract and added a couple of times during the day, at least until NQ blew through 15160

THAT's the trap they want you to fall into. Scaling up is a very very bad idea with these companies, because it can all be lost in a minute away from the keyboard. Firms like TST know this, and pray you do it so they can get more money on your next reset. 15 contracts on a max drawdown of 4.5K is the most ludicrous idea I have ever heard. Ever.

And "OOOOH! IF YOU HOLD A FUTURE THROUGH THAT 1 HOUR WINDOW THE CME IS CLOSED, YOU WILL WIPE OUT OUR COMPANY!"

Fucking pathetic.

 

[nooby_mcnoob]

THAT's the trap they want you to fall into. Scaling up is a very very bad idea with these companies, because it can all be lost in a minute away from the keyboard. Firms like TST know this, and pray you do it so they can get more money on your next reset. 15 contracts on a max drawdown of 4.5K is the most ludicrous idea I have ever heard. Ever.

Have you heard of stops...

 

[Overnight]

Have you heard of stops...

Yeah, I have. Hate them.

So, let's do the math.

On 15 contracts long, how far does the NQ have to move (in points), to hit the $4,500 drawdown limit? Go on, we'll wait.