Topstep trader combine as a newb.
- Thread starter Jjs
- Start date
I wanted to put up both combines here, when I read back on this I would like this image burned in to my head. The one on top is current, and passing all metrics at this point. I have plenty of time to reach the $ goal, I just want to add a few more layers for myself.
New Rule. 6 points of max loss on Monday's and Friday's. So, I can take 3 -2 trades on a one lot. Or one -2 loser on a two lot, and a -2 on a one lot.
I'm basically cutting my daily loss down to be under $325 when I factor in commission on those days.
I'm 0-23 on Monday and Friday for a total loss of -$1550 or 31 points after commission.
I'm 14-24 on Tuesday-Thursday for a positive gain of $2200 or 44 points.
Over the last two weeks I'm positive $650 or so on mostly one lot trades, with some two's mixed in. This is $1350 off my personal goal.
My total win rate is 30%, which I'm totally fine with. I have however made far too many trades in my opinion. I've also mis-managed a couple that should've been serious winners. I'd imagine I'd be $2000 higher than now. I need to stick to the plan. Today's -400 alone, would've been a killer day had I not mis-managed my first trade, which went 18 points in my favor. It also would've given me the wiggle room to take that zone my last loser came in, as that trade ended up going 10 points in my favor as well. I feel like I'm slowly getting there, reading back on this journal will hopefully burn these holes in my head.
New Rule. 6 points of max loss on Monday's and Friday's. So, I can take 3 -2 trades on a one lot. Or one -2 loser on a two lot, and a -2 on a one lot.
I'm basically cutting my daily loss down to be under $325 when I factor in commission on those days.
I'm 0-23 on Monday and Friday for a total loss of -$1550 or 31 points after commission.
I'm 14-24 on Tuesday-Thursday for a positive gain of $2200 or 44 points.
Over the last two weeks I'm positive $650 or so on mostly one lot trades, with some two's mixed in. This is $1350 off my personal goal.
My total win rate is 30%, which I'm totally fine with. I have however made far too many trades in my opinion. I've also mis-managed a couple that should've been serious winners. I'd imagine I'd be $2000 higher than now. I need to stick to the plan. Today's -400 alone, would've been a killer day had I not mis-managed my first trade, which went 18 points in my favor. It also would've given me the wiggle room to take that zone my last loser came in, as that trade ended up going 10 points in my favor as well. I feel like I'm slowly getting there, reading back on this journal will hopefully burn these holes in my head.
Thursday best day ( my best to ), Fridays and Mondays sucky, Tuesday 2nd best, market definately seems to suite your style better on certain days.
Keeping under 1.6% per day max loss is the tricky part, I trade at 2-3% per trade generally, no point having a 30K account, no way you could trade the 15 positions the 30K would normally allow.
I scalped the dax this am, just spiking up and down, big enough range, 12 trades, no losers made about $400
wish it was always that easy!
Keeping under 1.6% per day max loss is the tricky part, I trade at 2-3% per trade generally, no point having a 30K account, no way you could trade the 15 positions the 30K would normally allow.
I scalped the dax this am, just spiking up and down, big enough range, 12 trades, no losers made about $400
wish it was always that easy!Forces myself to take the range, took a few pts just for fun, same entry repeat or top side short and repeat and hey presto license to print money, got to love chop!
Only money I've made all week, was BE till then!
Then got called out, before I'd of given it all back on a trend move
Good weekend dude, you might be the first funded Topstep trader I've known!
Only money I've made all week, was BE till then!
Then got called out, before I'd of given it all back on a trend move
Good weekend dude, you might be the first funded Topstep trader I've known!