TopStep Oneup Combine J

[caacapital]

4/2/18 was my first day of the 50k combine blew it the first day trading at times I knew wouldn't work for me. Ill try again at some point. I might just wait for the oneup to trade then if I blow that account up then start the topstep combine again. My SPY options daytrade was good I didnt get all the contracts I wanted to get in but still a good trade.
My recordings are using pretty boring since I dont sit in front of the screen all day and its complete silence but since I was off today I goto actually talk out my thoughts.

4/2/18 trade recording 9:30-11 trade

after 3pm trading blow up

 

[Spectre2007]

The fees for the combine are peanuts compared to what people pay for an education of some form or another. You could easily be down 6 figures in real money from lack of discipline. You may think it’s wasting money but it’s not. The combines just reinforce who you are and what you have to correct.

 

[caacapital]

I agree for me it’s cheaper to do the combines I just don’t want to do a reset right now I have to reflect on my stupidity today how’s I let myself blew a $2k drawdown without actually losing $2k

The fees for the combine are peanuts compared to what people pay for an education of some form or another. You could easily be down 6 figures in real money from lack of discipline. You may think it’s wasting money but it’s not. The combines just reinforce who you are and what you have to correct.

 

[caacapital]

Decided to do the reset Thursday Tuesday and Wednesday I have morning meetings so I shouldn't be trading futures those days. My bias is short for the day at least for a retest of ES 78 using SPY options to take that trade. No economic data today.

 

[SteveH]

It's all carrot / stick stuff. But none of you will listen. It's like the old Willy Wonka clip where Mike Teevee goes to shrink himself and Wonka monotones in an uncaring voice: "Stop. Don't. Come back."

 

[Spectre2007]

How are you determining your trades?

It’s paramount to:

-trade only certain hrs of a session
-use stops that indicate setup failure
-larger trend filter
-smaller trend filter aligned with larger trend
-wait for counter trend/excursion for entry
-let profits run if setup validates

 

[caacapital]

Ideally i would wait until price reaches my area of interest(normally prior POC, LVNs) and observe price to weakness or strength and take a trade my stops are generic(6 ticks) but normally behind a cluster that I dont think we should travel back to rather than using 2xATR or something similar the reason being that I dont know where price is going and my target usually isnt equal to what a widerstop would be at least for futures for options I can do wider stops.

How are you determining your trades?

It’s paramount to:

-trade only certain hrs of a session
-use stops that indicate setup failure
-larger trend filter
-smaller trend filter aligned with larger trend
-wait for counter trend/excursion for entry
-let profits run if setup validates

 

[caacapital]

I've personally verified that they are actually giving you capital so given you can pass the steps which i think i can given I've passed the 30k before and currently 3 days away from being able to submit for a Oneup "funded" account paying 600-700 for $3k in capital is worth an attempt . Also I know I am still subject to making revenge trades and hesitation so that also actually saves me more money. Futures is a money loser for me. Topstep is a cheaper option for now. I lost $8k last year and i think 15k the year before that. Its possible to loss that trading topstep but even if you do you will have way more trades and learning lessons behind your belt. I can make excuses as to what the reason for the loss is but it boils down to me I trade when Im bored, get cocky when on a winning streak, hesitate on entries, move stops up to limit loss at the wrong time and hold my stops at the wrong time. I think i have an edge since Im using it in my options trading successfully I need to work on my futures mindset this helps.

It's all carrot / stick stuff. But none of you will listen. It's like the old Willy Wonka clip where Mike Teevee goes to shrink himself and Wonka monotones in an uncaring voice: "Stop. Don't. Come back."

 

[Spectre2007]

Ideally i would wait until price reaches my area of interest(normally prior POC, LVNs) and observe price to weakness or strength and take a trade my stops are generic(6 ticks) but normally behind a cluster that I dont think we should travel back to rather than using 2xATR or something similar the reason being that I dont know where price is going and my target usually isnt equal to what a widerstop would be at least for futures for options I can do wider stops.

Do you use any type of directional filter to validate the entry direction?

 

[Spectre2007]

Here's mine, you should explore some type of global filter that you can put on another screen to reaffirm what your reading on the DOM.