2nd try I Passed the TST combine now to the FTP

Discussion in 'Journals' started by caacapital, Jan 18, 2018.

  1. I finally passed the $30k TST combine i failed the first one because I hit the daily draw down of $500 which was still over my starting balance. I decided not to try again in December since its slow. Started back in January since they were changing their rules I wanted to lock in the free FTP. I traded mostly $NQ and $ES. Since FTP only allows 2 contracts that was my max position. The tip I got from the first combines coaching session was that it appeared that $200 was the lowest draw down that I was able to come back from so they suggested using that as a personal draw down limit which was very helpful even thought that was really common sense advice I had never done that analysis.

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    kellys, Xela, dealmaker and 1 other person like this.
  2. Not surprising I failed the FTP having to make basically 6x(2x 1500 if you dont go past 500/day) your risk is a huge barrier as i stated before in my topstep review. I'm sure if i try again i could pass this year but I would rather not waste more money the purpose for me really isnt to get funded rather better manage my risk without draining my real captial. Also it appears there is nothing stopping you from putting on more that the initial 2 contracts in the scaling plan. Ill probably use Oneup if possible to practice in the future. Part of my issue is that I hold for bigger targets there was several times like 1/25/18 where I was up 6 points but was holding for 10 to scale out and didnt move my stop and was stopped out on that crazy move down. I need to better read the environment when holding like that makes sense but who really knows when a market will do that. This is why i love options so much you dont get shaken out on a 1 point drop.
     
  3. I looked at oneups rule again and it appears that they have the same 2x requirement before any money can be made(if the test was to be passed). So since I'm already in the FTP I thought it made sense to just do a reset instead of having to make another $3000 with oneup. I scheduled another coaching session which came with the fTP the first one actually helped so maybe this one can give me another incite to my trading.
     
    Last edited: Jan 28, 2018