Day 1 Trade Report from TST Need to wait the next day for the report to update because I use SierraChart. Hope my average winning trades to be twice the average losing trades with probability 1/2. Let's see ... With 1 contract and 300$ risk. I have 6pts loss and 12pts reward. Let's say I take two trades per day ... It's 3pts/6pts per trade. Scenarios L L -6pts L W +3 pts W L +3pts W W +12pts E(x) is -6x1/4 + 3x1/2 + 12x1/4 or -1.5 + 1.5 + 3 = 3pts (141.28$)
BS Day. Shaken out of my longs. Then took some scalp to recover loss. Max loss was around 300$ I'm up 175$ gross. Took a lot of trade (overtraded) therefore lot of commissions. I'll say it's a bad day and I should be about flat.
Targets for today Range is 781-805 Bought 94. then 96. Was long 2c with 3pts SL Made about +5.5 pts on both. (11.25P) Did target the top 805 but cut short profit. Target would have been hit as we did print 806. Double top 805 But we're still bullish (HH/HL) Might try to buy @ 94.75 SL 92.25 Higher low @ 98.25 (-8pts) ? I don't have the new high to validate. Might as well retrace the whole leg to 93.75 If we break 93.75 I'll be looking to sell a lower high. If we weren't bullish I'd sell that 804 level !!!! That's a 5x top. We're making lower highs but still higher lows ... What is the market waiting for ?! Higher low validated @ 98.25 Looking to short lower higher if we break this level Short 804.75 SL 807 let's see We're still making HH HL but it feels ... Meeeh OUT -2.25 (9P) Such a retard It's always the same thing lol Cut short profits ... Trade against the trend ... Leaving money on the table and giving some more. Long 805 SL @ 802.75 let's see OUT BreakEven (9.5P) The trend looks like exhausted. Well might come back for FOMC Still have 9pts to make
About Topstep combines … If the Maximum Daily Loss is reached then trading is only deactivated for the day. It doesn’t break the account. There is a 50k withdrawal limit for the three express funded accounts (50, 100, 150). If TST move you to a live account, there is no limit anymore. We have up to 30 days after validating the combine to activate the Express Funded Account (149$)