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Uncertain Markets: Tuesday's Market Forecast

Posted by TopstepTrader on August 22, 2017

Markets are oscillating back and forth as a battle continues to wage between the bulls and the bears. Who's going to win out?

Senior Performance Coach John Hoagland takes a look at the E-Mini S&P ($ESU7), Gold ($GCZ7), Crude Oil ($CLV7) and Soybeans ($ZSX7) to figure out where important levels are and what side may win out.

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Topics: Market Updates

Profitable Scalping: New Funded Trader, Darya (Omsk, Russia)

Posted by TopstepTrader on August 21, 2017

Trading Lessons from Darya's Success:

One trade is all it takes:
Unlike Graham's 47 days, it took Darya just 16 days to meet her Funded Trader Preparation profit target of $1,500. On 14 of those days, she placed just one trade, with an average winning trade size of $109.25. Being so controlled, she was able to make winning trades nearly 79% of the time.

Control the size of losers:
Risk is often a common theme in our funded trader blog posts, but Darya took that to a whole different level. Her average losing trade was just $25.52, less than a quarter the size of her average winner. Her largest losing trade was just $42.36. She immediately cut losers when they didn’t work out. Her average duration for a losing trade was just 3 seconds (that’s less time than it took you to read this sentence).

Vary contract size with confidence:
Darya was comfortable trading four contracts, but would frequently cut that size in half - presumably based on her confidence in the trade. While it makes sense for some traders to always default to X contracts, for Darya, varying contract size worked well.


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Topics: TopstepTrader Funded Traders

Buy the Dip vs. Bigger Correction: Monday's Market Forecast

Posted by TopstepTrader on August 21, 2017

Time to shake off that case of the Monday's and get back into markets. As we open the week, it's unclear whether last week's sharp decline in equities will continue or whether this will prove to be another dip that investors buy. 

Below, watch Senior Performance Coach John Hoagland take a look at futures markets to identify important levels in the E-Mini S&P ($ESU7), Gold ($GCZ7), Crude Oil ($CLV7) and Soybeans ($ZSX7). 

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Topics: Market Updates

Re-Entering Markets After a Setback - Coach's Playbook

Posted by TopstepTrader on August 19, 2017

When trading is not working, it's demoralizing. How do you know if you are taking a step back to get clear head or if you're succumbing to fear? TopstepTrader's Performance Coaches give you insight on how to smartly step away from markets and what to do when you return. 

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Topics: Market Updates

Mastering the Pre-Trade Checklist - Trader Behavior

Posted by TopstepTrader on August 18, 2017

Routines are important. The traders that do the same thing each day and before they enter trades tend to be the most consistent traders. 

TopstepTrader's Founder and CVO Michael Patak joins Senior Performance Coach John Hoagland to talk about what goes into a good trading routine - both before the day starts and before you enter each trade. 

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Topics: Market Updates

Is This the Big Sell Off? Friday's Market Forecast

Posted by TopstepTrader on August 18, 2017

Every equity market sell off has been met with people eager to buy the dips. Is this going to continue this Friday? 

John Hoagland, senior performance coach, takes a look at futures markets to see how the E-Mini S&P's sell off ($ESU7) is impacting Gold ($GCZ7), Crude Oil ($CLV7) and commodities like Soybeans ($ZSX7). 

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Topics: Market Updates

Patient Profits: New Funded Trader, Graham (Lafayette, Louisiana)

Posted by TopstepTrader on August 18, 2017

Trading Lessons from Graham's Success:

Patient profits:
It took Graham 47 trading days to pass Funded Trader Preparation, during which he battled back from a negative $1,388.40 balance - within $600 of his max drawdown - to make $3,311.83 in total profits. Graham knew that there’s no reason to force the market to give you profits. He took his time, stuck by his rules and successfully made it to the destination.

Dealing with commissions and fees is a challenge:
Graham was consistent in his trading size - always two contracts. But he was in and out of the market much more than many of our other funded traders. He paid an average of $72 in fees and commissions each day while trading nearly 40 contracts. His net daily P&L during Funded Trader Preparation was $70.46 after commissions. Put another way, of all the profits he made from the market, more than half was eaten away by commissions and fees.

You can be profitable with a sub-50% winning trade percentage:
Graham was only profitable on 41.36% of his trades, but he was profitable on 49% of days. With an average winning day of $380.55 and an average losing day of $226.70, he stayed on the right side of the ledger.


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Topics: TopstepTrader Funded Traders

FOMC Fallout - Equity Markets Moving Lower: Thursday's Market Forecast

Posted by TopstepTrader on August 17, 2017

Equity futures are pointed lower this morning - as is Crude Oil. Gold is the primary beneficiary, edging closer to the $1,300 per ounce mark ($GCZ7). 

Here's John Hoagland's outlook for the day.

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Topics: Market Updates

Crude Oil Inventories and FOMC Minutes: Wednesday's Market Forecast

Posted by TopstepTrader on August 16, 2017

With Crude Oil inventories this morning and the Federal Reserve's Minutes this afternoon (1 PM CT), Wednesday could shape up to be volatile. Here's what John Hoagland is expecting in Crude Oil, S&P 500, Gold and Soybean futures today. 

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Topics: Market Updates

TopstepTrader® Ranks No. 1,261 on the 2017 Inc. 5000

Posted by TopstepTrader on August 16, 2017

Chicago, IL (August 16, 2017) – Inc. magazine today ranked TopstepTrader No. 1,261 on its 36th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The Inc. 5000 represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent, small and midsized businesses.

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Topics: TopstepTrader Company Updates

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