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Avoid Over-trading: 5 Ways to Stop Gifting Money to the Markets (Part 4)

Posted by TopstepTrader on May 24, 2019

Technology has changed many aspects of our lives; one area that has seen massive improvement is the world of investing and trading. There’s never been a better time for the individual investor to participate in financial markets. 

But it’s not all good news. The ability to trade nearly 24/7 and at speeds never seen before has a couple of disadvantages as well. Let’s discuss them here in Part 4 of our series on Not Gifting Money to the Markets. 

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Topics: Risk Management, trading strategy, Emotions

Stop Orders and Profit Targets: 5 Ways to Stop Gifting Money to the Markets (Part 3)

Posted by TopstepTrader on May 21, 2019

The greater the risk, the greater the reward – so the theory goes. Investments that involve little risk typically offer small rewards. And high-risk trades can yield windfall profits.

In trading, risks and rewards define each position. The ratio can be tweaked using tools like stop-losses and profit targets. That’s what Part 3 of our series on Not Gifting Money to the Markets is all about.

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Topics: Risk Management, trading strategy

Tip of the Week: Summer is Coming

Posted by TopstepTrader on May 19, 2019

Summer is just around the corner (for all of us trading in the Northern Hemisphere at least), and that means that market conditions are about to change considerably. In this week's Tip of the Week, TopstepTrader's founder Michael Patak explains why trading over the Summer presents its own unique set of challenges. 

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Topics: Trading Lessons, Futures, Michael Patak, Tip of the Week

Ride the Trend: 5 Ways to Stop Gifting Money to the Markets (Part 2)

Posted by TopstepTrader on May 16, 2019

Studies show that we, as human beings, feel the sting from losses to a greater degree than the sense of gratification from winning. That means we would rather not lose than actually win. For that reason, traders sometimes make the mistake of cutting winners too soon and letting losers run. It’s a form of self-sabotage that has ruined more than one trading account.

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Topics: Trading Psychology, Crude Oil, trading strategy

Trump Tariffs, Leisurely Trade Negotiations Tank Equities (Again)

Posted by TopstepTrader on May 14, 2019

President Trump’s Twitter feed, which has become perhaps the best leading indicator for equities lately, sent a strong sell signal last Friday morning after the President suggested that, “there was absolutely no need to rush” trade negotiations with China. This comes after a week of saber rattling that sent markets into a volatile tailspin.

This bearish setup was confirmed when the President revealed that the administration was still in the process of implementing 25% tariffs on an additional $325-billion-worth of Chinese goods.

The stock market initially took this breaking trade news… not well.

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Topics: Trading Basics, Futures, Trading Setups, E-Mini S&P, volatility

Tip of the Week: Know Your Role as a Trader

Posted by TopstepTrader on May 12, 2019

What is the job of a trader exactly? If you can't articulate what you're supposed to be doing, then you should probably just stay out of the markets altogether. In this week's Tip of the Week, TopstepTrader's founder Michael Patak explains why it's important to "Know Your Role" as a trader.

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Topics: Trading Lessons, Futures, Michael Patak, Tip of the Week

5 Ways to Stop Gifting Money to the Markets, Part 1: Learn to Break Even

Posted by TopstepTrader on May 07, 2019

Consistently lose money as a trader? Game over.

After all, the goal in trading is to generate profits. Like any business, it’s impossible to thrive when your account doesn’t yield positive results from one month to the next. While there are no magic formulas or rules to follow that can guarantee success, there are actionable steps that all traders can take to avoid common pitfalls.

In this five-part series, we’ll explore some of them.

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Topics: trading strategy

Tip of the Week: Size Down to Size Up

Posted by TopstepTrader on May 05, 2019

Don't be one of those annoying traders who treats the number of contracts they have on at any given point as a reflection of their self-worth. You don't always need to be swinging for the fences. In fact, the truth is that sometimes you need to size down if you want to size up in the long run. 

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Topics: Trader Behavior, Trading Lessons, Futures, Michael Patak, Tip of the Week

Tip of the Week: Know the Risks and Rewards of Earning Season

Posted by TopstepTrader on April 29, 2019

Most traders learn pretty quick that the release of numbers like unemployment or GDP can cause huge swings in the futures markets, but remember, it’s not just the government that can make or break your day with a few choice words. Case and point, there's a good chance you might get your own revenue projections slashed if you forget about one of the big corporate earnings releases coming out this week. 

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Topics: Trading Lessons, Futures, Michael Patak, Tip of the Week

Euro Sinks: Here's What to Watch For Now

Posted by TopstepTrader on April 24, 2019

The Euro fell to fresh one-year lows against the Dollar as key support levels gave way Wednesday. Weak business confidence data from Germany added fuel to the latest drop in the Eurozone currency and now focus turns to Friday’s U.S. Gross Domestic Product report as the next potential catalyst for the greenback.

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Topics: EUR/USD, economic data reports

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