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Funded Trader for 3 Years: Here's How I Did It

Posted by TopstepTrader on April 18, 2019

 

 

Charles B. from Couer D'Alene, Idaho has traded in a futures Funded Account® for three years. Charles came to Topstep because it offered an easy entry point into the futures trading business — particularly for someone far from a finance hotbed. 

Charles credits his long-term consistency on finding a love for the trading process, not the outcome, and says Topstep has helped him develop become precise in his trades. "You have your analysis that you're applying, but you only want to be getting involved when you have the most bang for your buck. Topstep really helped me figure out in my own process where that actually happened," Charles said.  

Read more or check out the video above for Charles' advice to traders in the Trading Combine®.

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Topics: TopstepTrader Funded Traders, Trading Plan, TopstepTrader

Perseverance in Trading Pays: Lessons from a Funded Trader

Posted by TopstepTrader on April 11, 2019

When it comes to physical fitness, some of us make it to the gym every week and strive to eat healthy meals. For others, however, learning how to reach one’s goals requires a lot of time, training and a workout buddy to stay on track. The same can be said for aspiring traders.

Yose D. from Dominican Republic just earned his second TopstepTrader Funded Account®. His first one, started back in December 2018, was a learning experience where he ultimately lost $1,900 and hit his Trailing Maximum Drawdown. 

But instead of being discouraged, Yose kept at it, adjusted his plan and honed in on his risk management. And even though it cost us the first time, we couldn't be more thrilled to give him more of our capital to trade. This time, he'll be in a $150K account with a little more cushion. We recently caught up with Yose to talk more about his experience earning a TopstepTrader Funded Account and what advice he'd have for other traders in their process. 

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Topics: TopstepTrader Funded Traders, Trading Plan, Risk Management

Earnings Season: A Boom or Bust for Equities Rally?

Posted by TopstepTrader on April 10, 2019

Time for earnings. Several large banks release results on Friday, and the floodgates on first-quarter reports open wide the following week. With the S&P 500 up sharply year to date, the rally will be tested when companies discuss the outlook for the remainder of 2019.

Here's why that matters.

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Topics: Nasdaq, E-Mini S&P, Crude Oil

From Huge Drawdown to Big Withdrawals: a Funded Trader Shares His Secrets

Posted by TopstepFX on April 09, 2019

 


Four days into his Funded Account®, Nick S. in Texas found himself 51% to his total Account Loss Limit. That's right, his $5,000 balance fell to a closing low of $3,307 — putting him just $1,600 from losing his account. But instead of spiraling deeper and deeper and taking larger risks, Nick says that he was hit with the realization: "This is real money." 

Indeed it was, and Nick finally got back to the strategy that helped him pass the Trading Combine® and earn live trading capital in the first place. That led him on a path to $6,700 in withdrawals over the next two months. 

Here's how Nick did it. 

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Topics: Trading Combine, Forex, TopstepFX Funded Traders, Currency Pages, trading strategy, TopstepFX

EUR/USD: Will the ECB Meeting be the Impetus for the Next Move Lower?

Posted by TopstepFX on April 08, 2019

Euro bulls have had little to cheer about lately. After losing 4.5% to the Dollar in 2018, the currency is again facing losses in the early parts of 2019. In fact, the 2% drop in the first quarter was its worst in four years. EUR/USD is now facing an important test heading into the next European Central Bank meeting this Wednesday, April 10. 

Will this be the impetus leading EUR/USD on it's next leg lower?

 

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Topics: Euro, EUR/USD, Currency Pages, TopstepFX, European Central Bank

3 Common Trading Mistakes that Can Cost You Big

Posted by TopstepTrader on April 05, 2019

No two traders operate in the same way. There is no book of rules for trading the right and wrong way in financial markets. However, the odds of trading success improve when you avoid common pitfalls that experienced traders have learned along the way. 

Here’s a look at three common mistakes and how to avoid making them.

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Topics: Trader Behavior, trading mistakes

Huge Week for the Dollar with Key Data Due Early April

Posted by TopstepTrader on March 31, 2019

The dollar rally faces a test as the first week of April brings a flood of economic data. Take a look at some (certainly not all) of the key statistics due out Monday through Friday:

  • Monday: Retail Sales, Manufacturing
  • Tuesday: Durable Goods
  • Wednesday: ADP jobs
  • Thursday: Jobless Claims
  • Friday: JOBS, JOBS, JOBS

With the U.S. Dollar posting its best monthly gain of 2019 in March, surprises or disappointments in the data will help traders determine whether the rally has legs.

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Topics: Forex, US Dollar, EUR/USD, economic data reports, TopstepFX, USD/JPY

Meaty Rally in Lean Hogs as China Buys More Pork

Posted by TopstepTrader on March 28, 2019

US Hog Futures prices are surging. While a swine flu outbreak tightens supplies, rising Chinese purchases of US stock are driving up demand. The trend is worth watching because, even if you’re not hogwild about trading meat futures, prices might be driven even higher by the latest developments on the US-China trade front.

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Topics: Market Updates, Futures, China

First Quarter Recap: Oil Leads as Nearly Everything Wins

Posted by TopstepTrader on March 26, 2019


After experiencing losses last year, almost every asset class is moving higher through the first quarter 2019. Stocks are rallying. Bonds are bid. The dollar is up. But the biggest gains have been in the energy sector, including a sharp rebound in the price of Crude Oil.

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Topics: US Dollar, Nasdaq, Crude Oil

Having a Performance Coach Gives New Traders a Competitive Edge

Posted by TopstepTrader on March 25, 2019

Before learning how to trade with TopstepTrader, Gabriel, who’s based in Spain, was an entrepreneur who ran multiple businesses. He heard an ad detailing how trading newbies could learn the business and decided to give it a try.

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Topics: TopstepTrader Funded Traders, Futures, John Hoagland

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