This is the Time to Crush It! Here's How

Posted by TopstepTrader on February 08, 2018

Great traders make entire years' worth of profits during markets like these. The recent volatility is something that many traders have been hoping for. Now that it's here, it's time to capitalize.

If this volatility continues, there is a very real possibility that you will have your best trading day ever in the coming days. But if you don't trade in a risk-minded or disciplined way, then these markets may also be  the death of you.

Today, our coaches are joined by TopstepTrader founder and CVO, Michael Patak, to talk about how you can take advantage of what the market is giving you. They talk about what they've experienced when trading volatile markets and how they've learned to capitalize on what the market gives them. Pull out a pad of paper, you'll want to write some of this down.

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Topics: Performance Coaching, Coach's Playbook, Forex, Futures

What Traders Should Learn from Tom Brady's Work Ethic

Posted by TopstepTrader on January 31, 2018

Tom Brady is arguably the best quarterback of all time. Five-time Super Bowl champion. Four-time Super Bowl MVP. Nine consecutive years in the Pro Bowl (13x Pro Bowler overall). And he's the starting quarterback in this weekend's Super Bowl. 

He's been able to achieve such great success because of his talent — but also his incredibly work ethic. He goes to bed every night at 8:30 PM, and wakes every morning at 5:30 AM. He knows the competition is stiff and that the only way he can continue to perform is to outwork his competition.

 In this week's Coach's Playbook, Dan, John and Mick talk about what traders can learn from Tom Brady's routine. You may be surprised at how many overlaps there are. 

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Topics: Performance Coaching, Coach's Playbook, Forex, Futures

This is How You Capitalize on Highly Trending Markets

Posted by TopstepTrader on January 27, 2018

If we know one thing about these markets, it's that they are trending. The U.S. Dollar can't buy a bid — falling to a 3-year low this week. Equity futures are rallying closing on January 26 at their all-time highs. Crude Oil is near its recent highs. And markets aren't just slowly going the direction of the trend. These are strong swings.  

In this environment, you have to trade differently. That's the subject of our latest Coach's Playbook, where Dan, Mick and Hoag talk about ways to capitalize on the trend or, if you are a contrarian, ways to get out of its way.  Don't go into trading Monday without giving this a watch.

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Topics: Performance Coaching, Coach's Playbook, Forex, Futures

How to Have Your Most Successful Year Ever - Coach's Playbook

Posted by TopstepTrader on January 10, 2018

Getting in the groove is an important part of trading. Momentum builds on itself and confidence grows. Yes, we're in tune with the market. Yes, we got lucky a few times. But we also did the blocking and tackling right.

In this episode of Coach's Playbook, our coaches talk about their most successful trading years and how they managed themselves and their books.

They share five lessons that were key to their success: (1) create behavioral awareness; (2) balance sitting in a losing trade with the opportunity cost of missing other trades; (3) prevent bad days from getting worse; (4) create accountability for yourself; and (5) be there when the market moves.

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Topics: Performance Coaching, Coach's Playbook

The Coaches Pick Their Favorite Holiday Movies - Coach's Playbook

Posted by TopstepTrader on December 21, 2017

Trading doesn't have to be all work and no play.

This week, as markets slow down, the Coaches talk about their favorite holiday movies - from Home Alone to the classic Trading Places. There's an intense debate over whether A Christmas Story is the best holiday movie of all time. The vote seems to be 2-1 against Hoag, who has never seen it. 

Let us know what your favorite holiday movies are in the comments. And don't say Die Hard.

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Topics: Performance Coaching, Coach's Playbook

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

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