The 10 Books Guaranteed to Improve Your Trading - Coach's Playbook

Posted by TopstepTrader on December 13, 2017

It's a slower time in markets - but that doesn't mean that you can't be progressing and working towards your goals. Being a professional trader is about more than placing trades. It's about learning and studying the markets - and then implementing what you've learned to gain an edge.

These books are more than trading manuals. Some are stories, some are non-fiction and others are more educational. So whatever you are feeling this holiday season, we have you covered. 

Please give it a watch and let us know any feedback in the comments. 

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

So You Succeeded in the Trading Combine. Now What?

Posted by TopstepTrader on December 07, 2017

Congratulations - you passed a Trading Combine®. Now what?

For anyone that has been in Funded Trader Preparation™, you know that now is when the real work starts. The TopstepTrader program is based on finding consistently profitable and risk-minded traders. That's why there are two steps. And why the rules in Funded Trader Preparation get a little more specific. 

So, for starters, you'll want to know the new rules - and track them every day: (1) there's a Weekly Loss Limit that matches the Daily Loss Limit on the account; (2) there's the scaling plan to start you off small and work into larger trades; and (3) you have to be flat for major economic releases that pertain to your product. 

In this week's Coach's Playbook, our coaches outline what you'll want to watch out for when you pass the Trading Combine that impact your practical trading, as well as your mental game. 

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Topics: Performance Coaching, Trading Combine, Coach's Playbook

How to Improve Your Trading Around the Holidays - Coach's Playbook

Posted by TopstepTrader on November 29, 2017

Right now, we are still experiencing great markets - lots of movement, liquidity is high and all the participants seem to be staying engaged. 

But... the good times may not last all month. And you don't really want it to. For many of us, trading is a 24-hour a day obsession. The first thing we do in the morning is check the markets. The last thing we do before bed is brush our teeth. But the thing we do right before that is check the markets. 

In this week's Coach's Playbook, our coaches talk about ways to enjoy the holidays, stick to a good work / life balance, and stay engaged with markets - without feeling the need to do anything that would risk our gains. Please give it a watch and let us know any feedback in the comments. 

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

5 Key Lessons From Our Successful Funded Traders - Coach's Playbook

Posted by TopstepTrader on November 16, 2017

At TopstepTrader, we've funded more than 1,000 traders over five plus years. They tend to have the five traits in common:

  1. They don't trade every day.
  2. They don't go to max leverage on every trade.
  3. They realize that it's real money - and there's no rush to make it.
  4. They stick with the strategy that brought them there - and always go with what the market is telling them. 
  5. They think about their daily P&L as a percentage of their overall cushion.

In this episode of Coach's Playbook, Mick and Hoag break down what those five traits are and how you can incorporate them into your trading. 

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

So You Broke a Rule. Now What?

Posted by TopstepTrader on November 08, 2017

We all make mistakes - some more painful than others. But if you've just broke one of TopstepTrader's rules (or even your own rules), you may be feeling a bit down. Don't. Nearly every billionaire hedge fund manager has blown up a trading account. Trading isn't an innate skill you're born with. It's something you develop with practice. 

At TopstepTrader, we get it. That's why we tackled how to handle breaking a rule in our latest episode of Coach's Playbook. Check it out and leave any feedback in the comments.

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Topics: Performance Coaching, Trading Combine, Coach's Playbook, Trading Lessons

Take These Steps Before You Trade Each Day - Coach's Playbook

Posted by TopstepTrader on November 04, 2017

Trading is a business - and in order to be at your best each and every day, you have to get in a routine. That means that before you start trading, you will want to come up with a daily trading plan. 

In this episode of Coach's Playbook, our Performance Coaches help you figure out where to start with your daily trading plan. That means identifying  the two most important price levels - yesterday's highs and lows, as well as the highs and lows from the prior week and any other important technical levels. 

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

How to Profit from Trading Fear - Coach's Playbook, Halloween Edition

Posted by TopstepTrader on November 01, 2017

There are a lot of reasons that fear may creep into a trader's mindset: fear of loss, being wrong, missing out, success, and failure. Of these, the one that is the easiest to control is fear of loss. By setting a hard stop at the same point that you enter a trade, you are able to control the only two things that matter: where you enter the trade and how much you're willing to risk.

You ultimately can't control the market, so it's not worth worrying about. 

In this week's Coach's Playbook, our Performance Coaches help you identify ways to know if fear is impacting your trading and make a plan to get over it

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

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

Planning for Better Trading - Coach's Playbook

Posted by TopstepTrader on October 06, 2017

You can't stumble into good trading. You have to plan for it. This is the basis behind TopstepTrader's Trading Combine® , where  you have a safe environment to learn and experiment - inside certain rules. But if you hope to be successful trading over the long run, you need a written plan: what are your goals; what's your personal loss limit; what is your motivation for trading? 

In this week's Coach's Playbook, our Performance Coaches talk about the essential components of a proper trading plan - and warn against some common pitfalls. Check it out - you'll be glad you did. 

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

Building on the Positives in Your Trading - Coach's Playbook

Posted by TopstepTrader on September 29, 2017

In the past month, our Performance Coaches have been focused on tips to help you improve your trading performance - particularly with discussions about how to trade under pressure, get into a trading routine, and take care of the trading basics

But now that you're making progress, it's time to build on the positives. Our Coaches talk about how trading is meant to make our lives better - not to be frustrating.  In order to be successful in the long run, we need to build on the positives. Here's how.

Check it out - you'll be glad you did. 

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

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