TopstepTrader

Killing Crude: New Funded Trader, John (Winona Lake, Indiana)

Posted by TopstepTrader on August 16, 2017

Trading Lessons from John's Success:

Ride a hot streak:
John has kicked off his Funded Account, just 10 days in, by racking up $3,473 in profits, an average of nearly $347 per day. Though he’s profitable just 59% of the days, his average winning day is crushing his average losing day: $839.84 compared to losses of $391.40.

Have a goal that's larger than the money: John said that a motivating factor behind his learning futures is that he wants to learn to trade full-time - a move that would allow him to spend more time with his family. He understands that trading is a marathon, not a sprint and consistency is key.

Don't try to be right 100% of the time: John eventually wants to be right on 60% or more of his trades, providing a realistic target for him to hit. Futures traders that think they can be right on every trade are setting themselves up for failure.


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Topics: TopstepTrader Funded Traders

What to Know with Equity Futures Approaching New Highs: Tuesday's Market Forecast

Posted by TopstepTrader on August 15, 2017

Equity futures (ES, YM, RTY, NQ) are pointed higher at the start of Tuesday's trading. Since last week, they've officially shook off any fear that creeped into the market. That has Gold slightly softer as well. Meanwhile, Crude Oil is at a key level. Our John Hoagland talks all these and more with your market forecast.

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Topics: Market Updates

What to Know for Trading Crude Oil, S&Ps and Gold This Week: Monday's Market Forecast

Posted by TopstepTrader on August 14, 2017

Ahead of the market open, TopstepTrader's John Hoagland talks about what we can expect from Crude Oil, the S&P 500 and Gold today. Will the fear from last week translate to this week? Where will the opportunities be? 

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Topics: Market Updates

Don’t Over-Trade: New Funded Trader, Matt (Fair Haven, NJ)

Posted by TopstepTrader on August 14, 2017

Trading Lessons from Matt's Success:

Don't over-trade: Matt went on an incredible streak during his Funded Trader Preparation - putting up an 11-day consecutive win streak that only saw him make one losing trade. Yet despite being on a hot streak, Matt just entered two or three trades each day, making sure to pick his points carefully.

Stick to your strategy: Matt’s strategy - as he outlined it - is to make $200 to $300 every day by taking incremental profits instead of “swinging for the fences.” During his $50,000 Trading Combine, Matt controlled his losses, averaging a drawdown of just $161.33 for each losing trade.

One and two-lot positions are enough: Over the last few funded trader posts, the idea that controlling risk is paramount has risen to the forefront. Alongside that theme is the idea that you don’t have to trade big size to make a big impact in your P&L. Matt demonstrated that, racking up consistent gains with just one and two-lot positions.


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Topics: TopstepTrader Funded Traders

July Trader Highlights - Success in the Heat of Summer

Posted by TopstepTrader on August 11, 2017

LATEST ACHIEVEMENTS

Summer trading is a unique challenge. Opportunities can be brief. But in July, our funded traders showed a remarkable willingness to choose their spots and make the most out of a tough market. Here’s a small sample:

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Topics: TopstepTrader Funded Traders, Monthly Highlights

Tight Risk, High Reward: New Funded Trader, Nikita (Moscow, Russia)

Posted by TopstepTrader on August 11, 2017

Trading Lessons from Nikita’s Success:

  • Opportunities can come in any market: Unlike Vyacheslav, Nikita did not rely on any one market - preferring to trade everything from currencies to ags to the equity indices. That fit into his trading plan though, which looked at weekly and daily trends.
  • You can trade frequently, but you MUST be disciplined: Nikita was more active than many of our successful traders (with an average of four trades each day), but he always adhered to a low-risk approach and says that traders must own their own mistakes while trading.
  • Tight risk doesn't mean low reward: Though he adhered to tight risk controls, Nikita also put up four of days with gains above $600 each. That helped him pass his Funded Trader Preparation in 10 days, during which he never experienced a daily drawdown more than $225.

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Topics: TopstepTrader Funded Traders

New Product Available: Russell 2000

Posted by TopstepTrader on August 10, 2017

As of today, traders in the TopstepTrader program can start looking for opportunities in the Russell 2000, a collection of small-cap U.S. equities. Everything you need to know to get started trading the Russell is below.

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Topics: TopstepTrader Company Updates

Perfect One Market: New Funded Trader, Vyacheslav (Norilsk, Russia)

Posted by TopstepTrader on August 10, 2017

Trading Lessons from Vyacheslav's Success:

  • Perfect one market: Vyacheslav never wavered - he only traded Crude Oil and always traded two contracts at a time.
  • Carefully pick your spots: On Vyacheslav’s most successful days - two days where he made more than $1,000 each - he only entered one trade. He rode those two Crude Oil contracts for more than $0.50 each time.
  • Give your trades time to play out: Most day traders are in and out in a number of minutes - often prematurely booking profits and not giving a trade time to play out. However, Vyacheslav was confident in his trades and levels, keeping his average winning trade more than 3 hours and his average losing trade 1 hour, 20 minutes.

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Topics: TopstepTrader Funded Traders

S&P Daily Pre-Market Prep 8/9/17

Posted by Peter Davies on August 09, 2017

A big day yesterday - so there's still plenty of traders there. Back to the range though. Hard to have any bias on a day after such a move but as we are at the bottom of the range , we should work our way to the top.

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Topics: Market Updates

S&P Daily Pre-Market Prep 8/8/17

Posted by Peter Davies on August 08, 2017

Still sticking in the overall range, close to the top right now so on the lookout for headfakes today before we roll over. 

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Topics: Market Updates

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