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In two months as a funded trader, David has withdrawn $7,715 in profits - gains racked up while demonstrating incredible risk management.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

3 Pieces of Advice on How to be Successful Trading Futures

Posted by TopstepTrader on October 03, 2017

Charles B. in Coeur d'Alene, Idaho has been trading in a Funded Account™ since January 2017. Throughout nine full months trading our capital, he has maintained a winning trade percentage of 47.5% and winning day percentage of 51%. 

Yet, he has managed to be consistently profitable because his average winning trade is more than double his average losing trade - at $354.98 vs a loss of $153.59. 

We asked Charles for some advice he'd give to other traders who are still looking for success. Here's what he said:

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Topics: TopstepTrader Funded Traders

New Traders Can Succeed in Markets: New Funded Trader, Alexandra (Orlando, FL)

Posted by TopstepTrader on September 26, 2017

Three Trading Lessons from Alexandra's Success:

New traders welcome: Alexandra has been actively trading markets for less than a year. But she demonstrated in the Trading Combine® and Funded Trader Preparation™ that she has the right temperment and outlook to be a profitable trader. Among her greatest self-identified strengths: discipline, motivation, focus and patience. With that blend of strengths, Alexandra will be unstoppable. 

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Topics: TopstepTrader Funded Traders

Risk Without Discipline Will Result in Failure: New Funded Trader, Jason (Lena, WI)

Posted by TopstepTrader on September 13, 2017

Three Trading Lessons from Jason's Success:

Perfect the art of disciplined risk: We talk about managing risk - a lot. Jason succeeded in the 150K Trading Combine® and Funded Trader Preparation™ by perfecting a risk-tolerant strategy. What made his strategy different from maverick traders is that he was also disciplined. On days when Jason lost money, he took a large hit - losing $582.32 on average. But those days were far exceeded by his winning days, where he added on average $1,536.70 to his account. Being profitable on just 53% of trading days, the fact that his gains trounced his losses meant that he was overall adding $539.52 in his account each day. That’s great discipline.

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Topics: TopstepTrader Funded Traders

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