6 months TopStep 50K Net Profits

Discussion in 'Journals' started by Sekiyo, Feb 6, 2020.

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  1. Sekiyo

    Sekiyo

    Damn ... Stupid me.
    Had 4k now I am down to 1500.
    Sold @ 2/5 of the first leg up.
    Could have gone out 1/2 retrace -> -500$
    Went for +1 tick that never happened.
    Out at 5/5 -2500$ ... Stupid me.

    Now trying to short at 2610
    Target 2550

    Edit: looks like 2595 was the top

    Lessons are to be learned.
    The hard way.
     
    Last edited: Mar 13, 2020
    #221     Mar 13, 2020
  2. Sekiyo

    Sekiyo

    From 2530. Third leg up.
    Seller @ 2610

    However we have to be flat for the halt.
    1 hours and 22 min to go

    EDIT:
    Missed the short again by 20Pts.
     
    Last edited: Mar 13, 2020
    #222     Mar 13, 2020
  3. Sekiyo

    Sekiyo

    upload_2020-3-13_23-17-39.png
     
    #223     Mar 13, 2020
  4. henryk

    henryk

    What is your balance now?
     
    #224     Mar 16, 2020
  5. Sekiyo

    Sekiyo

    I am out.

    I kept selling the late upside on Friday.
    I either go back to step 2 or I open a small account and trade micros.

    Worst part is as per plan I should have been a buyer on Friday.

    Anyway ...
     
    #225     Mar 16, 2020
  6. its better to be humbled by the market with very little loss, then learn it the expensive way.
     
    #226     Mar 16, 2020
    Sekiyo likes this.
  7. Sekiyo

    Sekiyo

    Sure. It’s only 350 bucks.

    But risk parameters are not designed for current market conditions.

    It’s still doable.
    Might give it another try.

    Because my savings are in crypto,
    It’s not the moment to cash out ...

    So I better give them another 350$,
    Try my best to get at least 10K out of it.

    I’d be happy to trade micros and be able to hold overnight.

    Just ride these wild swings properly.

    Got a running AMP Global account,
    Just need to fund it. But ...

    Would be great to fund it with TST free money.

    So I’ll be back to step 2 soon.
     
    #227     Mar 16, 2020
    jtlexington likes this.
  8. Sekiyo

    Sekiyo

    #228     Mar 16, 2020
  9. Is it correct that TST does not offer micros? If so - why not?
     
    #229     Mar 16, 2020
  10. Sekiyo

    Sekiyo

    They do offer micros,
    But it's a separate combine.

    https://www.topsteptrader.com/micros-futures-overview/

    However it's kind of ridiculous.
    Because the parameters are micros too.
    So you can't swing the market. Just earn micros.

    Let's take max DD and talk (M)ES:
    Micro: 1000 max DD is 800 MES ticks
    150K: 4500 max DD is 360 ES ticks

    Anyway ...
    They should allow the trader to switch between micros and minis
     
    Last edited: Mar 16, 2020
    #230     Mar 16, 2020
    Laissez Faire likes this.
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