Trading Lessons from Robert's Success:
Watch your average winning trade vs average losing trade: On the TopstepTrader Dashboard, we provide a lot of valuable information, including the average size of winning trades vs. losing trades. Robert stayed on the right side of that equation, even though he only had a winning trade 46.89% of the time. His average winning trade was $155.01 versus an average losing trade of $116.52. That allowed him to still be profitable on 64% of days.
Don’t make it harder than it has to be: Robert’s average daily P&L during his Funded Trader Preparation was $382.49, yet the intraday swings were much, much higher. He gained as much as $5,846.44 in a day - and lost as much as $2,765.60, just enough to keep him inside the daily loss limit for the $150,000 account.
Know which products you trade well: Robert was particularly challenged by trading in the Ultrabond ($UB), which caused him to have some of his largest losses. It was trading the Ultrabond that caused Robert to lose $1,740.95 and $2,557.07 on two separate trading days. Conversely, he more than made up for those losses in Crude Oil, with days where he made $4,657.72 and $5,713.68.