5 Lessons from TopstepTrader’s Funded Traders

Posted by TopstepTrader on January 30, 2018

Successful trading is a continual process. But at TopstepTrader, we are in a fortunate position of backing more than 1,500 traders with live capital in a Funded Account™ — some of whom have become successful and some of whom have not.

Over this time, the traders that have been consistently profitable have done similar things. At a high level, they obsessively manage risk. They also ensure during the drawdowns that they are able to trade when the market starts fitting their trading strategy. 

From a more practical level, they do these five things. 

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Topics: TopstepTrader Funded Traders, Trading Basics, Futures

5 Questions with a Funded Trader: Risk and Reward

Posted by TopstepTrader on January 16, 2018

Fernando V. in New Jersey has been trading for five years, but things have just recently clicked. After our interview, one thing struck us: he is simultaneously very comfortable with high degrees of risk - trading around events that move futures - and also paranoid about losses - placing stops at consistent levels. It seems that the second aspect may be why he’s been doing well in his Funded Account. In fact, in November and December, he was able to make $7,500 in withdrawals.

We recently caught up with Fernando to talk about how his trading is going and advice that he would have for others in the TopstepTrader program.

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

Lesson from a Funded Trader: Stick to Your Plan

Posted by TopstepTrader on January 08, 2018

Mauricio J. in Colombia originally thought TopstepTrader was something only professional traders might find useful. But since joining, he’s used the lessons learned in the Trading Combine® to earn a Funded Account™ and begin profiting in markets. Since earning a Funded Account in early October, he has withdrawn $5,323 in profits.

Critical to Mauricio's success has been the fact that he only trades actively two or three hours a day, using the rest of the time to back trade strategies and work on his performance. 

We caught up with Mauricio to learn more about his experience, what lessons he would share for other traders, and how he plans to meet his short-term and long-term goals to be a consistent trader and spend more time with his family. 

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

A Decade In, Risk Management Takes Hold and Profits Follow: Interview with a Funded Trader

Posted by TopstepTrader on December 15, 2017

Julian E. of New Jersey started trading in fits and starts. Every time he learned a new strategy, he’d jump into a market. Then he’d lose money and stop trading. This went on for nearly 10 years.

But for the last four months, he’s achieved better outcomes with TopstepTrader. Since becoming a funded trader in mid-October, Julian has turned things around in the market, withdrawing more than $5,000 in profits and putting together a staggering 79% winning days. His secret: honing a specific strategy that has him only trading when he sees an opportunity - not every day.

And while he isn’t quite ready to drop his daytime consulting gig, he is making strides towards full-time trading.

We recently talked to Julian to learn what’s made the difference in his trading. Here’s what he had to say.

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

Forget P&L and Focus on Good Decisions: 4 Questions with a Funded Trader

Posted by TopstepTrader on November 27, 2017

Like most of our traders, TopstepTrader wasn't the first place that David C. in Valle del Cauca, Colombia came to trade futures. In fact, in a recent interview, he said that he has been trading for a year, but only entered the Trading Combine® after blowing up his second brokerage account. 

Since joining TopstepTrader, David has shown an ability to learn from those losses, demonstrating that he can profit and manage risk well.

In two months as a funded trader, David has withdrawn $7,715 in profits - gains racked up while demonstrating incredible risk management. In 38 trading days, David was profitable on 25. But David also minimized his losing days. His largest daily loss was $306.82, while on the average losing day, he lost just $167.69. Comparatively, on his average winning day, he made $395.81 with a largest gain of $1,263.79. 

We recently connected with David to talk about his journey trading and what advice he might have for other traders. 

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Topics: TopstepTrader Funded Traders, Monthly Highlights, Trading Lessons

You Don't Have to Trade Max Size: New Funded Trader Velimir (Germany)

Posted by TopstepTrader on November 07, 2017

Three Trading Lessons from Velimir's Success:

You don't have to use all the size all at once: Velimir was in a $150K Trading Combine® and Funded Trader Preparation™, which gave him the ability to trade three lots to start - and up to 15 lots when he started to profit. Yet Velimir knew that he didn't have to trade huge size immediate in order to reach his goal of a Funded Account™. Instead, he averaged just more than two contracts at a time. On his most profitable day in FTP, he made 22 trades for a total of 48 contracts - profiting $2,442.93 in the process.

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Topics: TopstepTrader Funded Traders

Taking a Long-Term View of Success: Interview with a Funded Trader

Posted by TopstepTrader on October 30, 2017

When Jason G. in Lena, Wisconsin first started trading, he took the same path as most traders: he opened a brokerage account and then proceeded to blow it up.

That experience led him to TopstepTrader and eventually to a $150,000 Funded Account™. Less than two months in, Jason was helped by a four-day winning streak that netted him more than $3,000 in profits.

We caught up with Jason to talk about his journey, how he’s been successful early in the Funded Account, and what he wishes he knew before he became a funded trader.

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Topics: TopstepTrader Funded Traders

How to Get Serious in Your Trading: Interview with a New Funded Trader

Posted by TopstepTrader on October 27, 2017

Tom F. in Tennessee has been interested in finance for more than a decade, but only recently started trading futures - with the goal of turning it into a profession. At the time he went through the Trading Combine® and Funded Trader Preparation™, he was working a full-time job. He's since left his job and is focusing on trading his Funded Account™ full time. 

In our interview, Tom mentions how one of his early challenges was that he jumped into the deep end quickly - signing up for a $150K Trading Combine and slinging around five and 10 contracts at a time. When that proved unsuccessful, he traded down to a $50K Trading Combine and signed up for Performance Coaching with John Hoagland. 

That turned his trading around. Here's his story. 

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Topics: TopstepTrader Funded Traders

How to Analyze Your Trading: 7 Questions with a New Funded Trader

Posted by TopstepTrader on October 11, 2017

Derrick M. in Saskatoon, Canada has been trading for more than five years, but just recently caught his stride. Though Derrick passed the Trading Combine® three times before passing Funded Trader Preparation™, he just recently earned his first Funded Account™. 

We asked Derrick what changed in his trading that helped him complete the Trading Combine and Funded Trader Preparation on his third try. Here's what he had to say about that - as well as three pieces of advice he has for traders going through the Trading Combine or Funded Trader Preparation.

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Topics: TopstepTrader Funded Traders

How to Be Profitable with 45% Winning Trades: New Funded Trader

Posted by TopstepTrader on October 05, 2017

Three Trading Lessons from Fred's Success:

Profitable with a 45% Winning Trade Percentage: In Funded Trader Preparation, Fred N. from St. Charles, Illinois, was wrong more often than he was right. But his winning trades were double the size of his losing trades - $255.83 vs -$122.36 - that he easily stayed profitable. As a result of the discipline to keep losses small, he was profitable on 70% of his trading days, making an average of $658.32 on those, while losing an average of $446.11 on his losing days. 

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Topics: TopstepTrader Funded Traders

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