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Tip of the Week: Always Have an Out

Posted by TopstepTrader on June 10, 2019

Hope for the best, prepare for the worst. Obviously, we can't control where the market moves, but we usually do have control over where, and when we get flat. Never put yourself in a position where you don't have an out.  Not having a target or time-frame for a trade is often how a minor setback becomes a 5-alarm dumpster fire.

In this week's Tip of the Week, TopstepTrader's founder Michael Patak explains why it's so important to always have an out. 

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

Gold Recovers Months of Losses in Just 5 Days

Posted by TopstepTrader on June 07, 2019

The price of Gold is surging. After a multi-month downtrend, the yellow metal made a decisive breakout move in late May that has erased nearly all the losses suffered the three months prior. Daily price swings have been wide and there seems to be a lot of momentum behind the metal’s move to 15-week highs.

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Topics: Gold, volatility

Tips From a Funded Forex Trader: Hit Your 'A' & 'B' Setups

Posted by TopstepFX on June 04, 2019



James G. from Aiken, South Carolina started trading with TopstepFX in September of 2018. Since then, he's earned funding with live capital and taken his trading to the next level by tightening his risk parameters, sticking to the best setups, and setting manageable profit targets for each month instead of moonshot year-end goals.

Read more below or check out the video above to get more tips from James and to learn about his experience with the TopstepFX Trading Combine®.

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Topics: Trading Plan, Trading Setups, TopstepFX Funded Traders, TopstepFX

Limit Up! Podcast: Different Ways to Look at the Market

Posted by TopstepTrader on June 04, 2019

Welcome back to the new Limit Up! Listen in to get this week’s MARKet Reaction with our very own Mark Meadows, hear Danny Hodgman and John Hoagland talk about the Market Profile charting technique, and stick around for Trader Therapy with Jack Pelzer.

Don’t forget, we want to hear from you! We’re rolling out a new call-in line for listeners of the show, so be sure to give us a call at 855-902-0331 and let us know what’s on your mind.

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Topics: Limit Up!, John Hoagland, MARKet Reaction, Dan Hodgman, Trader Therapy, Jack Pelzer, Market Profile

Euro Holds Support in May, Set Up for a Big Move in June

Posted by TopstepFX on June 04, 2019

The Euro is seeing strength and making a run past 1.12 against the Dollar to start the new trading month. The uptick comes after seesaw action during the month of May and as focus turns to the next European Central Bank meeting on Thursday. A big move is expected, and traders will be watching for a break of the recent downtrend for signs that a reversal is underway.

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

Treasuries Trading Up, Increasing Odds of a Rate Cut

Posted by TopstepTrader on June 03, 2019

Treasury bonds surged during the month of May while the 10-year rallied to its best levels since September 2017. Concerns about the global economic outlook are driving the gains, and those worries are also fueling some speculation that the Federal Reserve will cut rates later in the year. That theory will likely be tested when key jobs numbers and inflation data are released in early June.

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Topics: U.S. Treasuries, economic data reports, China

Tip of the Week: Stay Focused

Posted by TopstepTrader on June 03, 2019

In trading, just as life, it's easy to get distracted.  There are so many things in our environments screaming for our attention. It sometimes feels like there are too many screens, too many flashing lights, too many responsibilities. It takes tremendous discipline to block it all out and simply concentrate on the task at hand.

 In this week's Tip of the Week, TopstepTrader's founder Michael Patak somehow acquires a baseball hat during the opening credits, then explains why it's so important to stay focused. 

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

Limit Up! Podcast: Keeping Cool During Summer Trading with Danny & Hoag

Posted by TopstepTrader on May 30, 2019

Welcome to the new Limit Up! This episode marks the beginning of a few show changes we’ll be rolling out over the coming weeks. We’ll be covering our new listener voicemail hotline, breaking down Brexit in the MARKet reaction, and discussing the intricacies of the Summer trade with TopstepTrader performance coaches Dan Hodgman and John Hoagland.

So if you get a chance, give us a call and let us know what you think about the podcast or anything else trading related!

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Topics: Limit Up!, Trading Psychology, John Hoagland, MARKet Reaction, Dan Hodgman

Crude Oil Could Rip Higher After Steep Drop in May

Posted by TopstepTrader on May 30, 2019

Crude Oil failed to rebound following inventory data this week and has dropped nearly 10%, or $6 per barrel, during the month of May. It’s trying to hold a key technical support, but ongoing trade war concerns and a looming OPEC meeting might keep a lid on short-term rally attempts.

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Topics: Crude Oil, China

3 Ways Our Funded Traders Profited from Brexit Chaos

Posted by TopstepFX on May 29, 2019

To say that last week was a busy session for forex would certainly be an understatement.  The "will they, won't they" saga of Brexit continues to go nowhere—and consequently, the Pound Sterling has been getting absolutely hammered since the beginning of May. Oh, and did we mention that British Prime Minister Theresa May announced her impending resignation on Friday? 

Currency markets are extremely volatile right now, which means there are some great entry points for traders who know how to manage their risk. With this in mind, we'd like to give a quick shout out to three of our Funded Traders who stayed smart and made some great trades last week off the Brexit madness. 

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Topics: Success Stories, Trading Basics, Forex, TopstepFX Funded Traders

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