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Sorting Through the Noise with Gary S. Morrow

Posted by TopstepTrader on October 14, 2019

It can be a rough transition when you leave the floor to explore new career opportunities. Gary S. Morrow of the blog, This Week on Wall Street, stopped by the Limit Up! podcast to talk to Jeff about making the switch from floor to digital. Gary also gives his advice on making the best trades when you’re overwhelmed by ideas and information. Tune in for their conversation and this week’s MARKet Reaction.

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Topics: Limit Up!, MARKet Reaction, Jeff Carter

Pros and Cons of Day Trading vs. Swing Trading

Posted by TopstepTrader on October 13, 2019

How long do you plan to hold your position? This is one the fundamental questions a trader needs to ask before diving into the markets. If you're a short-term trader, the temptation to cling to a position long after the signals change is strong. That devil on your shoulder assures you that this is all going to work out—just let it ride!

Congratulations! You have now become an unintentional swing trader. There's nothing inherently wrong with this, but it's important to know the differences between trading in the short term (day trading) versus trading in the medium-to-long term (swing trading). Neither strategy is objectively better; however, both have a number of pros and cons that we will explain below.

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Topics: Trading Basics, Futures, trading strategy

3 Rule Changes for Our New CME Micros Trading Combine

Posted by TopstepTrader on October 09, 2019

A brand new product deserves a brand new set of rules. Therefore, we are using a different set of evaluation criteria for the CME Micros Trading Combine we released today. We designed this new Trading Combine to appeal to swing and position traders, and the new rules reflect this. We highlight the rule changes below, what they mean, and why they're important for your trading. Dan Hodgman even makes an appearance to breakdown the opportunity in detail. Trade well!

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Topics: Equities, CME, Micros

Mental Health and the Hour of Champions with Steve Werner

Posted by TopstepTrader on October 07, 2019

Steve Werner was a top commodities trader for 19 years before dedicating himself to his family business. But when the market crash of 2008 forced the company to shutter, Steve found himself adrift and suffering from major depression. On today’s episode of Limit Up! Jeff talks to Steve about his journey and how mental health concerns are a widespread issue in the trading industry.

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Topics: Limit Up!, MARKet Reaction, Jeff Carter

Losing Funded Account the Best Thing that Happened to this Trader

Posted by TopstepTrader on October 06, 2019

Trading can sometimes be a circular journey—you're never too high to fall back to Earth. In fact, some of the best traders ever blew it all and were forced to reinvent themselves to find success. Daerin P. from Illinois experienced his own setback when he lost his first Funded Account with Topstep, but he didn't let that be the end of his story. He worked on discipline and risk management and came back better than ever. You can learn more about his journey by reading below.

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Topics: TopstepTrader Funded Traders, Trading Plan

The Biggest Single Trade We've Ever Had: Chris H. from Japan

Posted by TopstepFX on October 01, 2019

You could imagine in 7+ years funding traders that Topstep has had some great trades. But we never had a single $9,000 trade—that is until Chris H. from Japan went long GBP/JPY on September 9. Ultimately, that trade netted him $9,120 in profits and put him well on his way to $5,900 in withdrawals for September. 

While that story is good enough for us to blog about it, what really makes Chris' story great is the resiliency with which he's traded with TopstepFX. His $5,900 withdrawal wasn't his first time in a Funded Account®; in fact, it wasn't even his first withdrawal from a Funded Account. And we have a feeling it won't be his last. Keep reading for how Chris identified this opportunity and how he found the patience to see it through.

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Topics: Forex, Trading Setups, TopstepFX Funded Traders, Currency Pages

How Corruption Affects the Bottom Line with Dr. Nerissa Brown

Posted by TopstepTrader on September 30, 2019

Political corruption isn’t just about politics, it can also have far-reaching implications for the economy. Nerissa Brown, PhD CFE  joins us for an all new episode of Limit Up! to talk about how corruption at the district, state, and country levels can affect the bottom line of businesses.

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Topics: Limit Up!, MARKet Reaction, Jeff Carter

3 Things You Need to Know About Trading October

Posted by TopstepTrader on September 29, 2019

Have you heard of the "October Effect"? It's the phenomenon suggesting that markets tend to be more volatile in October compared to other months. There is some debate as to whether the effect really exists—however, just last week Goldman Sachs urged investors to prepare for a wild month, noting that "stock volatility has been 25% higher in October on average ever since 1928."  Here are 3 things to keep your eye on between now and Halloween. 

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Topics: trading strategy

Ever Wonder Why We're Called Topstep?

Posted by TopstepTrader on September 26, 2019

People occasionally ask us about the origins of the TopstepTrader moniker. Was it something that came to our founder in a dream? Is it an incredibly long and needlessly complicated acronym? Did a team of marketers conduct a focus group and conclude that Topstep was better than X-tremeTRADZ!! fueled by Mountain Dew? The truth is actually pretty straightforward, but also kind of cool if you're an aficionado of trading history.  

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Topics: Futures, Michael Patak, John Hoagland, TopstepTrader, CME, trading history

Keeping the Human Touch in a High-Tech World with YCharts Sean Brown

Posted by TopstepTrader on September 24, 2019

Let’s face it, we’re living in a digital world. Innovations in tech make managing investments and researching trades much easier than the analog days, but sometimes you still need that human touch. On this week’s episode of Limit Up! we’re talking to Sean Brown, President and CEO of cloud-based investment tool YCharts about keeping traders happy in the data-deluge of modern finance. 

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Topics: Limit Up!, MARKet Reaction, Jeff Carter, sean brown

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