My attempt to earn a funded account with TopStep

Discussion in 'Prop Firms' started by SelfMadeDude, Sep 11, 2019.

  1. Topstep does not meddle with your trading.
     
    #141     Jan 3, 2025
  2. Working a 9-5 seems to be when I trade my best. My last 2 big funder firm payouts were when I had a job.

    It's only been a week but I feel a very very pubescent increase in my trading ability and confidence again.

    At 2 MNQs....even if I took a 200 point hit, I have not busted.
    At a 100 point stop, I can mentally (kinda) "let it go" and look towards the next trade set-up in 24 hours....

    Trading 2 TopStep $50K combines right now.

    1 week does not a trend make...but after having hit such a low point in my life where I was donating blood plasma for 90% of my immediate living expenses and money from suing my former employers in small claims court - I think this tells you the extent of some of my recent suffering.....actually my recent life lessons. Not to mention, winning an eviction lawsuit and suing my landlord for harassment. I think this might have been the serious wake-up call I needed to realize my true potential as a trader. The job I have right now is only stable for the time-being since it is in the healthcare industry. I have to be risk-smart this time or I might not get anymore good opportunities. Time will tell, I guess



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    Last edited: Jan 11, 2025
    #142     Jan 11, 2025
    theapprentice likes this.
  3. Today, my having a 9-5 saved me from some big losing.
    Being able to think calmly and objectively because I (knock on wood) have some financial stability for the very immediate timeframe.
    Before...not having a job and in overall bad personal state of mind, I "HAD" to make money and that forced me to force trades -- with the inevitable result of blowing out accounts....which in turn made me self-medicate which in turn made everything else a slow-motion car wreck with delusions that finding the perfect trading strategy could save me ---- thankfully, I've come to realize that the Occams Razor strategy is the best so that I can maintain my emotional balance.

    Trading with really small position size - on a higher time frame - with a 100 point stop ---- enables me to think in terms of how Phil Ivey would think: "...if I fold, I'll lose my 100 point ante....this is a very high stakes poker game" ---- I should be taking an average of 3-4 200point+ winning trades per month --- this can literally double my account size ever month with very little risk - 1 MNQ for every $1K in equity.

    Time will tell. But the other big difference is that I am having fun at my 9-5. That might convince me to live a comfortable life until I can save up some serious 6-figure account deposit money.
     
    #143     Jan 13, 2025
  4. It's not about finding the perfect minimally risk-infused trading strategy.

    The key is to find a trading strategy with a distinct edge --- and work on your psychology to somehow adjust your persona to be able to execute like a robot and profit like a casino. It's really about belieiving in yourself and not "deviating."
     
    #144     Jan 14, 2025

  5. That process becomes very much easier if you have a proven, robust edge. :)
     
    #145     Jan 17, 2025