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A New High Water Mark: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 23, 2017

The Performance Coaching team seems have now fully overcome their early struggles and set a new high water mark for their Trading Combine®. Today, the Coaches jumped on the Emini S&Ps, shorting it as it began to fall this morning. The trade was almost immediately profitable and prices never really threatened the Coaches stop. But given the overwhelming trend recently, they did jump out of the trade a couple points early, booking 5.5 points. 

Here's what led them to think that the market was set for a decline when they entered the trade.

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Topics: Performance Coaching, Trading Combine, Trading Basics

NEW PRODUCTS AVAILABLE: Silver, Copper, and the Ultra Note

Posted by TopstepTrader on October 23, 2017

Traders can now trade Silver, Copper, the Ultra Note in their Trading Combine®, Funded Trader Preparation™ and Funded Account™.

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Major Futures Market Player: These are the 5 Traits of a Successful Trader

Posted by TopstepTrader on October 23, 2017

This week, in our series of insights from Jack Schwager's Market Wizards, we look at Gary Bielfeldt, a trader that built a fortune and became one of the largest players in the U.S. Treasury futures market. (Read our last post about Tony Saliba's streak of 70 consecutive months with more than $100,000 in gains)

Gary Bielfeldt was one of the largest players in futures markets, honing a specific niche in U.S. Treasury Bonds. But his trading career started the same way many normal futures traders do: with a $1,000 investment in a brokerage account. At the core to Bielfeldt's success is the fact that he "does not believe in diversification," according to Jack Schwager's Market Wizards.

That is becoming a common theme as many of TopstepTrader's funded traders have found success by trading in one or two products. But, Bielfeldt's best advice came on the subject of the traits of a successful trader. 

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Topics: Trading Basics, Trading Lessons, Market Wizards

Futures Setting Up for an Interesting Week: Market Forecast

Posted by TopstepTrader on October 23, 2017

Overnight markets were relatively calm with equity futures and Crude Oil ($CLZ7) extending their recent gains. That has Gold ($GCZ7) down again this morning, struggling to get any traction on rallies. Similarly, the Euro ($6EZ7) is also struggling to maintain recent rallies - though prices are likely to move sideways ahead of the European Central Bank (ECB) this week. 

Senior Performance Coach John Hoagland gets your week started with the Market Forecast that shows areas of importance and levels to watch. 

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Topics: Market Updates

+$424.52 on the Week: Performance Coaches' Trading Combine Challenge

Posted by TopstepTrader on October 21, 2017

The Performance Coaches have erased (nearly) all of their losses after getting in an early hole in their Trading Combine® challenge. Their account is now at $49,967.05 - just $33.95 below their initial balance. But getting to this level was not easy. 

The Coaches have to deal with the fact that many of their early trades in the day are losers, putting them in a hole right off the bat. In this week's video recap, they talk about how they've approached that, as well as what other traders can learn from digging themselves into early holes. (For three concrete takeaways thus far, check out yesterday's recap.)

Check it out!

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Topics: Performance Coaching, Trading Combine, Trading Basics

Coaches' Tip for Better Trading: Make the Money Real

Posted by TopstepTrader on October 21, 2017

The Performance Coaches talk to people every week who are displeased by making $200, $300 or $500 trading. Why? Oftentimes, it's because they feel like they should be doing better. "Yeah, I know I made $500 this week, but I wanted to make $1,000." 

We all have long-term goals trading, whether that's to pay off a car or make enough to leave another job. But it works against those goals if we cannot celebrate the successes when we have them. And to do that, the Coaches recommend maintaining a connection with the money - so that even if you make $100 in a week, you can be happy that you paid your cable bill. 

Here are some practical ways that the Performance Coaches have kept a connection with the money they put at risk trading. Hope you enjoy the short video. 

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Topics: Market Updates, Performance Coaching, Coach's Playbook

TopstepTrader's Fall Giveaway

Posted by TopstepTrader on October 20, 2017

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Topics: Events & Promotions

Don't Call It a Comeback: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 19, 2017

When setting out in the Performance Coaches' Trading Combine®, the Coaches really wanted to exhibit good risk management techniques in a real-time market. Ultimately, the market does what it wants - and the Coaches can't guarantee that they would see it clearly. But they could guarantee that risk management would be paramount, and we hoped to show its impotance. 

With today's trades, their closing balance is $49,958.09 - down just $41.91 for the challenge. At one point in the challenge, however, they were in a $1,359.70 drawdown and just $640.30 away from their max loss. 

Here are the three things that kept them in their Trading Combine when the odds were not in their favor. 

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Topics: Performance Coaching, Trading Combine, Trading Basics

Blair Hull: The Man Who Stopped the Crash of 1987

Posted by TopstepTrader on October 19, 2017

On October 19, 1987, the equity market experienced its largest one-day decline ever. The Dow Jones Industrial Average fell 22%, setting off a chain of events that took global equity markets lower. 

This isn't the story of the Crash of 1987. This is the story of Blair Hull - the man who may have single-handedly steadied the market and in the process made 50% return on capital in a month.

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Topics: Trading Basics, Trading Lessons, Market Wizards

Equities Selling Off, Bonds Rallying

Posted by TopstepTrader on October 19, 2017

Equity markets are selling off on the 30th anniversary of the 1987 Crash. It's probably just a coincidence as markets have been on a firm march higher for the better part of a year. The Emini S&P 500 contract is down more than 10 points at the open, while Nasdaq ($NQZ7) is falling even further. 

Here's what traders are watching today in those markets as well as Crude Oil ($CLZ7), Gold ($GCZ7) and the Euro ($6EZ7). 

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Topics: Market Updates

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