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Trading with No Limits: TopstepTrader Founder Michael Patak

Posted by TopstepTrader on July 30, 2019

Today’s guest is a special one for Limit Up! As part of our birthday celebration this month, we thought it would be a great time to bring on our Founder and Chief Vision Officer Michael Patak. Michael takes us through his beginnings as a trader, his experiences deep in the pit, and how the move to the screens changed everything. Finally, hear how Michael started TopstepTrader with a community focus and how, at its heart, the company seeks to make the individual trader feel part of that community.

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Topics: Limit Up!, Michael Patak, MARKet Reaction, Jack Pelzer, Jeff Carter, Leadership

Trade Settlements Like a Pro: Topstep Moment of the Week

Posted by TopstepTrader on July 30, 2019

Topstep performance coach Dan Hodgman made his triumphant return to the Trading Futures with Anthony Curdele show last week to discuss his old friend, the 30-year Treasury Bond future. Diving into the charts, he will show you to frame the market and make smart trades around settlement prices like a pro. 

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Topics: Trading Lessons, Futures, U.S. Treasuries, Anthony Crudele, Dan Hodgman, Topstep Moment

Gold Poised for Breakout Move: Higher or Lower is the Question

Posted by TopstepTrader on July 25, 2019

Gold has been rallying in 2019, but the advance ran out of juice in recent days and prices have come down from six-year highs near $1450 seen last week. It’s not clear if the recent dip is just a pause in a bull market or the start of a bigger reversal to the downside. An answer to the question is likely before month-end.

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Topics: Gold, Futures, trading strategy

7 Greatest Trades of All-Time: How Jesse Livermore Made $100-Million Shorting the Crash of 1929

Posted by TopstepTrader on July 24, 2019

(AP photo via Wikimedia Commons)

In honor of the 7th anniversary of TopstepTrader, we'll be releasing a series of blogs that breakdown the 7 Greatest Trades of All-Time. That's right — from bartering beaver pelts to the Great Recession, we've tracked down the 7 most successful trades in human history (at least in our opinion), and we will bring them directly to your browser over the next two weeks. 

To kick things off, we take you back to a time before high-speed microwave trading lines and well… before actual microwave ovens too. This is the story of how Jesse Livermore shorted the Great Stock Market Crash of 1929 and made $100-million in the process — along with a number of enemies. 

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Topics: Jesse Livermore, Equities, trading strategy, trading history, Greatest Trades

Crude Oil Advances on Geopolitical Unrest, But Turns Away from Key Resistance

Posted by TopstepTrader on July 23, 2019

Crude oil prices moved higher Monday as events in the Straight of Hormuz continue to raise concerns about possible disruptions in supply. Yet, at $56.25 per barrel, prices remain well below levels of more than $60 seen just two weeks ago. In fact, sentiment seems to have turned somewhat bearish due to concerns about a weakening global economy and waning demand.

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Topics: Crude Oil, trading strategy

Take a Look at the Up and Down Dollar Action Ahead of a Fed Rate Cut

Posted by TopstepTrader on July 22, 2019

The dollar is experiencing notable ups and downs amid changing interest rate expectations lately. The volatility comes ahead of the Federal Reserve’s next rate announcement, which happens just a few hours before markets close on the last trading day of the month. Also making things interesting, a bunch of key economic reports are due in the days just before and after the anticipated rate cut.

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Topics: US Dollar, trading strategy, TopstepFX

Learn How to 'Win' Even When You Lose: Topstep Moment of the Week

Posted by TopstepTrader on July 20, 2019

 One of the themes we're highlighting this month at Topstep is discipline. And sometimes being disciplined means knowing when to take your lumps and get out of a trade that just isn't working. In today's "Topstep Moment of the Week," Dan Hodgman joins Anthony Crudele on the Trading Futures YouTube show to breakdown a pair of failed breakout trades made by funded trader Cori F. from Illinois. Remember, great trades are not always profitable, they are simply shrewd and disciplined decisions made using the available information. We applaud Cori for sticking to her strategy, and living to trade another day.

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Topics: Trading Lessons, Futures, Anthony Crudele, Dan Hodgman, Topstep Moment

Whale Trader Makes Huge Bet on Silver. What's Next for the White Metal?

Posted by TopstepTrader on July 17, 2019

Silver is sizzling. The white metal is on a four-day 5% rip and moving to its best levels since February. Yet, it still lags gold by a large margin and the ratio of gold prices to silver reached 20-year highs. Can silver continue to play catch up?  At least one whale of a trader in the futures market seems to think so.

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Topics: Gold, trading strategy, Silver

Earnings Take Spotlight with S&P 500 in Rally Mode

Posted by TopstepTrader on July 15, 2019

Here come earnings. Several large companies report over the next few days and then the floodgate on second quarter results opens wide next week. The S&P has been in rally mode heading into the reporting season and now the question is: Can corporate America deliver numbers that justify the lofty increase in share prices?

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Topics: Equities, E-Mini S&P, trading strategy

S&P 500 Hits 3000: The Good, the Bad and the Ugly

Posted by TopstepTrader on July 13, 2019

We finally went ahead and did the damn thing! The S&P 500 broke through the 3,000 level for the first time ever this past Wednesday following some favorable talk on rate cuts from Federal Reserve Chairman Jerome Powell. But before we pop the Cristal, crank the tunes, and slaughter the fatted calf, it might be wise to take a step back and think about what all of this exactly means.  

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Topics: Equities, E-Mini S&P, trading strategy

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