Hold on to Your Hats: Summer Trading is Going to be Full of Opportunities

Posted by TopstepTrader on June 07, 2018

Summer trading is usually a grind. Not this year. At least that's not what we're expecting. Between the interest in markets spurred by the surge in volatility that started in February, important trading levels (like new highs in equity futures, and grains markets hitting their peak, the Summer of '18 may present some great opportunities to profit trading. Here's how.

Read More

Topics: Performance Coaching, Trading Combine, Coach's Playbook, Forex, Futures

How can the Trading Combine Help You Become Consistently Profitable

Posted by TopstepTrader on May 04, 2018

Why is the Trading Combine® important? And how can it help your trading?

You may know that the Trading Combine started when Michael Patak lost $90,000 in three separate trading accounts. It was only after he put rules around his trading and learned to execute a strategy in a simulated trading environment that he became successful. 

Those rules became the basics of the Trading Combine. In this week's Coach's Playbook, the coaches talk about why the Trading Combine is important to develop consistently profitable traders and how it can help your trading

Read More

Topics: Performance Coaching, Trading Combine, Coach's Playbook, Forex, Futures

This is When You Should Pay Yourself

Posted by TopstepTrader on April 12, 2018

The retail day trader typically starts with a smaller balance and grand ambitions of turning trading into a longer-term profession. Since that plan may be to turn a $5,000 or $10,000 account into something that is 5 or 10X as large, it can be natural to view a withdrawal as a step in the wrong direction. Every penny you take out of an account is one that can't grow tenfold. 

But that's the wrong way to look at it. In fact, taking a withdrawal is a critical step towards becoming a professional trader.

In this week's Coach's Playbook, the coaches talk about when traders should take a withdrawal and why. Enjoy.

Read More

Topics: Performance Coaching, Coach's Playbook, Forex, Futures

How to Make More Money Trading

Posted by TopstepTrader on March 15, 2018

TopstepTrader funded 159 traders in February — and we're on pace to eclipse that number in March. It's pretty common for new funded traders to want to get a quick start. But oftentimes fast is slow and slow is fast

It took our funded traders at least 15 trading days to get into their Funded Account™. Now, there is no rush to make money. They have all the time in the world. 

That's why our coaches wanted to make this PSA: the longer you trade, the more you get paid. The key to making a long-term career out of trading is to take your time and grow exponentially. In a year, you can be in a very different position. 

On the other hand, if you try to rush and start trading 10 contracts as soon as you can, your likelihood of survival falls drastically. Here is our coaches' advice. Enjoy.

Read More

Topics: Performance Coaching, Coach's Playbook, Forex, Futures

This is a Guaranteed Outcome from Trading with a Gambler's Mentality

Posted by TopstepTrader on February 24, 2018

Some traders confuse trading with gambling. They start to focus on the winning and losing instead of the decision-making. And that will assuredly lead to ruin — the unfortunate situation where a trader blows up an account.

The same lack of discipline that will allow an account to grow from $50,000 to $1 million in six months will cause it to fall from $1 million to $10,000 six months later. It's almost guaranteed.

If you can't trade disciplined in a one lot, adding size won't help. 

This episode of Coach's Playbook talks about how traders can avoid the gambler's mentality and maintain their bankroll for prolonged success. 

Read More

Topics: Performance Coaching, Coach's Playbook, Forex, Futures

This is the Time to Crush It! Here's How

Posted by TopstepTrader on February 08, 2018

Great traders make entire years' worth of profits during markets like these. The recent volatility is something that many traders have been hoping for. Now that it's here, it's time to capitalize.

If this volatility continues, there is a very real possibility that you will have your best trading day ever in the coming days. But if you don't trade in a risk-minded or disciplined way, then these markets may also be  the death of you.

Today, our coaches are joined by TopstepTrader founder and CVO, Michael Patak, to talk about how you can take advantage of what the market is giving you. They talk about what they've experienced when trading volatile markets and how they've learned to capitalize on what the market gives them. Pull out a pad of paper, you'll want to write some of this down.

Read More

Topics: Performance Coaching, Coach's Playbook, Forex, Futures

What Traders Should Learn from Tom Brady's Work Ethic

Posted by TopstepTrader on January 31, 2018

Tom Brady is arguably the best quarterback of all time. Five-time Super Bowl champion. Four-time Super Bowl MVP. Nine consecutive years in the Pro Bowl (13x Pro Bowler overall). And he's the starting quarterback in this weekend's Super Bowl. 

He's been able to achieve such great success because of his talent — but also his incredibly work ethic. He goes to bed every night at 8:30 PM, and wakes every morning at 5:30 AM. He knows the competition is stiff and that the only way he can continue to perform is to outwork his competition.

 In this week's Coach's Playbook, Dan, John and Mick talk about what traders can learn from Tom Brady's routine. You may be surprised at how many overlaps there are. 

Read More

Topics: Performance Coaching, Coach's Playbook, Forex, Futures

This is How You Capitalize on Highly Trending Markets

Posted by TopstepTrader on January 27, 2018

If we know one thing about these markets, it's that they are trending. The U.S. Dollar can't buy a bid — falling to a 3-year low this week. Equity futures are rallying closing on January 26 at their all-time highs. Crude Oil is near its recent highs. And markets aren't just slowly going the direction of the trend. These are strong swings.  

In this environment, you have to trade differently. That's the subject of our latest Coach's Playbook, where Dan, Mick and Hoag talk about ways to capitalize on the trend or, if you are a contrarian, ways to get out of its way.  Don't go into trading Monday without giving this a watch.

Read More

Topics: Performance Coaching, Coach's Playbook, Forex, Futures

How to Have Your Most Successful Year Ever - Coach's Playbook

Posted by TopstepTrader on January 10, 2018

Getting in the groove is an important part of trading. Momentum builds on itself and confidence grows. Yes, we're in tune with the market. Yes, we got lucky a few times. But we also did the blocking and tackling right.

In this episode of Coach's Playbook, our coaches talk about their most successful trading years and how they managed themselves and their books.

They share five lessons that were key to their success: (1) create behavioral awareness; (2) balance sitting in a losing trade with the opportunity cost of missing other trades; (3) prevent bad days from getting worse; (4) create accountability for yourself; and (5) be there when the market moves.

Read More

Topics: Performance Coaching, Coach's Playbook

The Coaches Pick Their Favorite Holiday Movies - Coach's Playbook

Posted by TopstepTrader on December 21, 2017

Trading doesn't have to be all work and no play.

This week, as markets slow down, the Coaches talk about their favorite holiday movies - from Home Alone to the classic Trading Places. There's an intense debate over whether A Christmas Story is the best holiday movie of all time. The vote seems to be 2-1 against Hoag, who has never seen it. 

Let us know what your favorite holiday movies are in the comments. And don't say Die Hard.

Read More

Topics: Performance Coaching, Coach's Playbook

Follow Us:

Subscribe to Email Updates

Recent Posts

Popular