Sometimes clicking the "like" button isn't quite enough - just wanted to say that I wholeheartedly and unreservedly agree with every word of that,
i wonder if TST us to if i trade with what Brooks says with what stops he says i can lose two trades before i blow my combine.
On a technical note about TopStep. No Max Daily Loss for TopStepX users anymore. But I use SierraChart and we can't change once we pick our platform. That's not a big deal but ... Which means ... I have a 50k account with a max daily loss of 1,000$, If I grow the Express Funded Account to +10,000 while risking 10% (+1,000) per day, Then I won't be able to "scale" or risk more than the default 1,000$ daily loss. + they take 10% after the first 10k withdrawal + the account is limited to 5 contracts Therefore I might not withdraw 50k (46k) from TST but only 10/20k then trade on my own. Still need to have 30 days > 200$ (~3months?) to be able to withdraw 100% of the account. That's the plan. Let's see.
The only option is to trade the micros :/ Because losing 2 trades in a row is ... going to happen ? Or try to lose less on a trade by trade basis. A 5points stop is legit. It's 250$. That's 8 trades until you blow up a 2k account.
13pts overnight range Bought 11.25 Out -1.25 Sold 12.75 Out BE (-1.00) No news incoming ... Going to wait for some move ... Bougth 10.5 Bought 9.5 Sold 11.25 Sold 11.25 Going to call it a day. PA is shit +1.25 for the day ... Let's call it flat.
i shifted to gold... so far so good. i found gold moves better maybe because it is not based on movements of 500 companies. or maybe it is only today-one day i mean
it has been happening to me very costly way of learning. but thinking the Brooks way is working even though i only got the course for a day. i am thinking exactly the way Brooks says to think. i doubted him till now but now i am going to trust in him blindly