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The Worst Trade Paul Tudor Jones Ever Made and How You Can Learn From It

Posted by TopstepTrader on January 18, 2019

As we progress along our trading journeys, it’s important to never stop growing and improving. Sometimes, the best way to do that is to take the time to learn from one of the greats. As part of an ongoing series on notable traders, we’re taking time to talk about one of the most recognized names in the space: Paul Tudor Jones.

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Topics: Paul Tudor, trading mistakes, Cotton, Risk Management, Trading Plan, Trading Lessons

Looking Back, Moving Forward: A Review of 2018 at Topstep and Preview of 2019

Posted by TopstepTrader on January 18, 2019

We know, we know. These "new year" themed posts are supposed to come out at the beginning of January, not in the middle of it. But since our traders have been so busy getting ready to crush it in 2019, and we had so much to reflect upon in 2018, we decided to give you a break from all the themed posts out there.

Break's over.

2018 was a banner year at TopstepTrader for a whole host of reasons. In case you missed some of the milestones, we broke it all down, and are incredibly excited to give you a glimpse of what's on the horizon.

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Topics: TopstepFX, TopstepTrader, TopstepTrader Company Updates

Notable Trades: Learning from a $600 Scalp in Crude Oil

Posted by TopstepTrader on January 16, 2019

Our traders are making big and small moves every single day to boost their earnings and further cultivate their trading skills. Every now and then, a trade stands out to us as particularly smart. It’s not always about the most profitable trades, but ones that demonstrate discipline and steady insight. This week's notable trade is a perfect example.

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Topics: trading strategy, scalp, Crude Oil, PDH, PDL, momentum, Risk Management

Funded TopstepFX Trader Offers the Key to Getting Through Step 2 and Trading Smarter

Posted by TopstepFX on January 15, 2019

Here at Topstep, we’re incredibly proud of our funded traders. They worked hard to make it through Step 2 of our process, proved they had the chops to make it trading actual money, and spend their days carefully weighing opportunity and risk.

One such trader is Kevin M. out of Perth, Australia. He joined TopstepFX to hone his trading strategy and improve his trading discipline. In reflecting on his work to date, he mentions that Step 2 really helped him with money management.

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

How the Shutdown Is Worrying Traders Now (And Why It Shouldn’t)

Posted by TopstepTrader on January 14, 2019

Image Source: Wikimedia Commons

We wrote earlier this week about how large government crises, like the ongoing government shutdown, rarely correlate with increased volatility, encouraging traders to remain disciplined and stick to their strategy. We stand by that.

But as we mentioned in that post, just because these events don’t always correlate with increased volatility doesn’t mean they don’t impact the economy or the way we interact with the markets. There are a whole lot of people out there who missed a paycheck Friday as a result of Washington’s stalemate, and while that’s tragic in and of itself, it could have broader implications for the economy.

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Topics: shutdown, volatility, economic data reports, trading strategy

Contemplating Volatility in Your 2019 Trading Strategy

Posted by TopstepTrader on January 09, 2019

December 2018 saw a major surge in market volatility, with the S&P 500 plunging more than 14% at the bottom and the VIX jumping over 68% at its height in the month. While things have settled down some since the start of January, the spectre of volatility looms, everpresent, raising the question: how do you deal with it?

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Topics: Futures, volatility, trading strategy

A Red-Hot Start: $26,000 in Profits 30 days Into a Funded Account

Posted by TopstepTrader on January 06, 2019

44.66% winning trades.

Average winning trade of $511.79.

Average losing trade of $263.90. 

These statistics may not seem remarkable, but disciplined trading compounds in a very short amount of time. These are stats from Gabriel F., a funded trader in Spain. Gabriel accumulated $26,266 in profits over 33 trading days since November 1 in his Funded Account®.

Here's what Gabriel is doing so well right now. 

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Topics: Futures, TopstepTrader Funded Traders

Funded Forex Trader: One Week In, $5,160 in Steady Profits

Posted by TopstepFX on December 09, 2018

What can you do a week into your TopstepFX Funded Account™? If you’re Shawn B. in North Carolina, you can make $5,160 in profits and put your trading account in a really nice spot heading into the closing weeks of 2018.

Shawn was in tune with the forex market all week, making $2,050 in EUR/USD and USD/JPY positions on his first day trading live capital. Shawn showed a lot of awareness of market conditions. He was not afraid to take a loss and reverse the position. He also wasn’t afraid to press a trade that was going well. In essence, he executed his momentum trading strategy to perfection.

On his second day in his account, Shawn lost $311 before gaining $1,639 and $1,782 on consecutive days on December 6 and 7 — all for $5,160 in realized profits. 

But even with his current performance, Shawn said he still does not consider himself a consistently profitable trader. Yet. Instead, he is constantly working on his trading.

Here’s advice he shared about what's going well in his trading and what he would tell other traders looking to improve and earn a Funded Account.

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Topics: Forex, TopstepFX Funded Traders, Currency Pages

This is the Worst Thing You can do while Trading in Heightened Volatility

Posted by TopstepTrader on December 05, 2018

This is an incredible trading environment. Yesterday's moves in U.S. equity, interest rate and forex markets offered tremendous opportunities. This is a time when traders have to adjust their strategy, says Peter Davies of Jigsaw Trading. 

Peter recently sat down with Topstep's Eddie Horn to talk about how to trade volatility — from someone who has been involved in markets from before the 1999 tech boom and bust. Peter offers tactical advice for traders, including what the absolute worst adjustment you can make in heightened volatility is and how you can improve your performance each and every day. 

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Topics: Trading Basics, Limit Up!, Forex, Futures, Peter Davies

3 Things I Did to Pass Step 1 and Step 2 of the Trading Combine® in 15 days

Posted by Jason Love, Oil Trading Group on November 06, 2018

Hello, my name is Jason Love, and I am the Founder and Lead Trader for the Oil Trading Group.

As a way of quick background, I have been affiliated with TopstepTrader in one capacity or another since 2012. I have been a funded trader, educator and webinar presenter. I strongly recommend TopstepTrader to all the traders with whom I come in to contact. Even if the trader has no intention of becoming a funded trader, I advise them to take (and pass) a Trading Combine® prior to risking their own funds.

The reason for this is quite simple: if you can pass a Trading Combine using TopstepTrader’s parameters, then you will be in a better position to handle your live trading account and, ultimately, in a better position to make money trading futures.

That’s why, from time-to-time, I will also enter a Trading Combine and trade it live in front of my trading room audience. The purpose is to demonstrate live what we talk about all the time: the fact that the number one job of a trader is to preserve capital. Making money is secondary to preserving capital.

Here are three things I did to pass my latest Trading Combine in 15 days.

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Topics: Trading Basics, Futures, Performance Coaching

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