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

How to Thrive Trading Under Pressure - Coach's Playbook

Posted by TopstepTrader on September 22, 2017

Progressing through TopstepTrader's path to a Funded Account brings about differing levels of pressure - something that our Performance Coaches fully understand as they try to pass a $50K Trading Combine® publicly. 

In this week's Coach's Combine, Performance Coaches John Hoagland and Danny Hodgman connect with Risk Manager Mick Ieronimo about how traders can deal with pressure as it arises. Their advice starts with setting hard and fast trading rules, while also mapping out how they will react regardless of what the market throws at them. 

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

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

Want Profits? Get in a Routine - Coach's Playbook

Posted by TopstepTrader on September 15, 2017

Trading is a psychological sport. You have to have a life outside of trading in order to be successful while trading. But so many novice traders want to be looking at markets all the time - they have a fear of missing out on a trade. 

To stave off that exhaustion, our Coaches want you to get into a routine. They give you some ideas where to start - from what hours you should set to why you might find yourself trading better when you work out and why you should have a clean desk space. 

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

The Blocking and Tackling of Trading - Coach's Playbook

Posted by TopstepTrader on September 09, 2017

It's football season - so we're going to talk about the similarities in trading and football. In football, defense wins championships. In trading, it is no different. The common theme among any successful traders is that you have to first be a risk manager before you can consistently make money. Just ask Paul Tudor Jones

In this segment of Coach's Playbook, Performance Coaches Mick Ieronimo and John Hoagland talk about practical steps to take to win the game, like why you should walk away from the markets if you have your best trading day yet. And they discuss when you can go on offense and throw the long ball. 

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

Three Ways to Gain Consistency - Coach's Playbook

Posted by TopstepTrader on September 02, 2017

Consistency is the white whale of trading - it's something that we all should be searching for. To get consistent results, traders have to enter the market every day with the same tools and approach. Only then can we be completely comfortable in taking a trade and letting the levels play out.

Starting with how you look at the market, our Performance Coaching team breaks down three ways to be more consistent. 

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

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