6 months TopStep 50K Net Profits

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

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  1. Sekiyo

    Sekiyo

    Yes, he's not a fan of daytrading noise.
    But still the concepts do apply.

    Trading isn't about M1 and M5,
    I think it's missing the forest for the trees.

    That's my take on it, actually.
     
    #661     Nov 12, 2024
    HawaiianIceberg likes this.
  2. For daytrading those are the main timeframes. Some time ago I did the eval with Earn2Trade and fell flat.
    That's when I realised that my swing trading system was worthless on the small timeframes.

    Instead of backtesting on TV with only a few days of data, you can run a long backtest from MT4 with futures data. Any fx broker will give you a free demo acount.
     
    #662     Nov 12, 2024
  3. ironchef

    ironchef

    Why don't you hone your skills with sim or paper trades?

    It costs me nothing and I can trade as big or small as I like. If I want to try real $, I trade live with a small $1K acc, which I did for a few months.

    Another thing, I can tell you @volpri's approach appears credible.

    With it, I could get a free Big Mac every day with a $5K account trading stock without leverage. It is a long long way from getting rich scalping a few ticks a trade but profitable none the less.

    Take care.
     
    #663     Nov 12, 2024
    Sekiyo likes this.
  4. Sekiyo

    Sekiyo

    WTF seriously

    upload_2024-11-13_15-54-19.png
     
    #664     Nov 13, 2024
  5. #665     Nov 13, 2024
  6. ironchef

    ironchef

    Hope you pass the 150K
     
    #666     Nov 13, 2024
    Sekiyo likes this.
  7. Sekiyo

    Sekiyo

    Me too. I still have to fine tune the strategy.
    Thanks :D
     
    #667     Nov 13, 2024
    ironchef likes this.
  8. The 150k has the biggest difference between drawdown and profit goal.

    You may be better off taking a lower profit goal ?
    Edit: depends on which prop firm you're with
     
    #668     Nov 14, 2024
    ironchef likes this.
  9. Sekiyo

    Sekiyo

    Lower profit target might lower the drawdowns but it's not something I want to optimize.
     
    #669     Nov 14, 2024
  10. Its about the differential between the profit goal and drawdown.

    The Earn2Trade 25k eval has drawdown of $1,500 vs a goal of $1,750.
    Their 100k eval drawdown is 3.5k vs goal of 6k, almost double. I would choose the 25k eval as the easiest.

    With blusky it is $1,200 vs $1,500 and $2,500 vs $6,000 :wtf:
     
    #670     Nov 14, 2024
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