6 months TopStep 50K Net Profits

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

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  1. Sekiyo

    Sekiyo

    Step 1 - OK (300$)
    Step 20 - Daily 3k limit loss
    Step 21 - OK (50$)
    Pro Account 01 - Closed trade @ 3:14 CT - Reset
    Pro Account 02 - Daily 3k limit loss
    Step 22 - Daily 3k limit loss (300$)

    Step 23 - Running (50$) : 3/10 days, 5.8/9K
     
    #341     Mar 31, 2020
  2. deltaf0rce

    deltaf0rce

    You feeling like it’s generally a worthwhile pursuit? Any reason you aren’t just trading your own money?
     
    #342     Mar 31, 2020
  3. deltaf0rce

    deltaf0rce

    So if I’m understanding this properly, you had to reset a few times along your way here.
     
    #343     Mar 31, 2020
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  4. Sekiyo

    Sekiyo

    Worthwhile: Yes.
    I believe this is a great bet.
    The less you spend the more worthwhile.

    I don’t have much money.
    That’s why I am trying to get 10K out of TST.

    Otherwise if you have the money,
    Then trade on your own. MES at least.
     
    #344     Mar 31, 2020
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  5. deltaf0rce

    deltaf0rce

    I wish you success. They advertise trading up to 15 contracts. Are they referring to MES or ES?
     
    #345     Mar 31, 2020
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  6. Sekiyo

    Sekiyo

    15 contracts is for the 150k account.
    And you can’t trade MES. Micro contracts.

    They have a special account for micros.
    https://www.topsteptrader.com/micros-futures-overview/

    Which is a shame.
    Because with current volatility,
    Or just to hold overnight ... Would be great.

    You have 3K daily risk limit,
    With 15 contracts it’s 4 points ...
     
    #346     Mar 31, 2020
  7. deltaf0rce

    deltaf0rce

    Wow. So they give you 2% drawdown and you have to trade the ES. That’s a good challenge.
     
    #347     Mar 31, 2020
  8. Sekiyo

    Sekiyo

    Indeed.

    You have 3K daily risk limit,
    With 15 contracts it’s 4 ES points ...
     
    #348     Mar 31, 2020
  9. deltaf0rce

    deltaf0rce

    Although I don’t system trade, because i do not code and thus had no way to monitor my progress, I did appreciate the lesson in pyramiding I got from it. Essentially what Livermore did 90 years ago.
     
    #349     Mar 31, 2020
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  10. Sekiyo

    Sekiyo

    You can monitor with a spreadsheet. Nope ?
    Guess this is the right way to trade.

    When the market is favorable,
    Then be agressive.

    Have had you success with pyramiding ?
    Is it worth the risk ? Worse average price ?
     
    #350     Mar 31, 2020
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