Topsteptrader

nazzdack said:
1) Good going. :)
2) Are you willing to reveal details of any legal documents you had to sign before obtaining your funding that might keep you "captive" to TopStep for any duration? :confused:
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Thank you.

I dont really want to go there.
 
Maverick74 said:
Nice job Crispy! I don't think the detractors wanted to hear that. Can you please change your answer to "it's a scam!" :)
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Thanks Mav.

Maybe up the big time someday with you Chi guys . But for now I will keep growing.
 
Crispy said:
I have been live for one full year as of yesterday.

No. But this does not discourage me. The fact of the matter is I never set out on this journey with any expectations at all. Zero. Let me elaborate a bit.
I found TST through a friend who was/is still live with them. Him and I would talk strategy almost daily about the financial markets. He knew that I did not day trade. I would applaud his ability to scrape Dollars out of the mkt intraday. One day he basically challenged me. Dared me if you will, to take the combine. "Worst case you write off the "education" cost and learn something about yourself. Best case you find that you are good at this". Thought to myself, the combine fee is less than one swing trade loser that I currently take, why not. I bit. I bought in. I passed. I got funded. And I am still alive. The fact that one year later I have not blown myself up. That I have maintained this tight handed discipline gives me hope that someday I will be able to break through the barrier to big money.
I recently went through all my full year of stats(126 active days of trading) and discovered that according to my hit rate, avg win, avg loss, MAE, MFE that I can tighten stops and widen my targets and still maintain a solid hit rate. I can go from 1/2 RR to 1/4RR and only lose 1-2% of my effective hit rate. This information could be a game changer for me going forward...
All in all I still have no expectations really. I just want to follow the rules and sleep well at night. These days the only thing about trading that troubles me is taking profits early. And that is happening less frequently as the months roll by. 100% truth to be told is my only demon is taking profits too fast. I am slowly coming to learn that by sitting on my hands I am allowing the market to pay me for all losers. And my time and trouble. And I would hope that if I can stay the course it will ultimately pay off.
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Thanks for your reply. Best of luck to you. Stay hungry
 
Crispy said:
I recently went through all my full year of stats(126 active days of trading) and discovered that according to my hit rate, avg win, avg loss, MAE, MFE that I can tighten stops and widen my targets and still maintain a solid hit rate. I can go from 1/2 RR to 1/4RR and only lose 1-2% of my effective hit rate. This information could be a game changer for me going forward...

These days the only thing about trading that troubles me is taking profits early. And that is happening less frequently as the months roll by. 100% truth to be told is my only demon is taking profits too fast. I am slowly coming to learn that by sitting on my hands I am allowing the market to pay me for all losers. And my time and trouble. And I would hope that if I can stay the course it will ultimately pay off.
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That is hands down the biggest mistake ALL traders make. Including myself at times. Cut losses short, let profits run... and run... and run deeper still.

The key to solid if not substantial profits in trading is to catch big wins. "Scalping" and "bailing" out too early from perfectly good trades is hands down the biggest cause of lost profits for traders. "Hold For Gold" on every single trade... and many of them will strike it rich.
 
austinp said:
That is hands down the biggest mistake ALL traders make. Including myself at times. Cut losses short, let profits run... and run... and run deeper still.

The key to solid if not substantial profits in trading is to catch big wins. "Scalping" and "bailing" out too early from perfectly good trades is hands down the biggest cause of lost profits for traders. "Hold For Gold" on every single trade... and many of them will strike it rich.
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Good advice, although a bit tougher to do when you're closing out at the end of every day.

nazzdack said:
Quote:Lucrum
Originally Posted by Pekelo View Post
Anyhow, who am I to mess with a good business model?....

http://www.elitetrader.com/vb/showth...=113413&page=9
_________________________________________________________

ET and the Internet, where nothing is ever forgotten..... EVER! :eek: :D
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His latest failed paper trading journal is dated admittedly. The guy delivers pizzas and plays the ukelele for a living, by his own admission. I have no idea why he presumes to comment on trading, when he's never done any himself.
 
nazzdack said:
ET and the Internet, where nothing is ever forgotten
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unless you link to a dead link. :)

If you want to attack the messenger, at least do it by yourself. How is this relevant to TST?

Wait, don't answer until I refill my popcorn...I heard there was a sighting of Godot... :P
 
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