<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=174932623114557&amp;ev=PageView&amp;noscript=1">

What is the Next Opportunity in the Crude Oil Market?

Posted by TopstepTrader on July 12, 2018

After yesterday, Crude Oil futures are seeing red. The commodity fell 5% after inventory numbers. 

But a move of that size could have been expected. There is just so much going on: supply concerns coming out of Venezuela and Canada; political pressures from President Trump's Twitter account; extreme backwardation in the Crude Oil curve where front-month prices are more expensive than future prices; and, before yesterday, a $10 rally in the past month. 

In this special episode of Limit Up!, futures trader Tracy Shuchart talks with host Eddie Horn about what's going on and what she is looking at to drive moves in the coming trading sessions. 

Read More

Topics: Trading Basics, Limit Up!, Tracy Shuchart, Futures, Crude Oil

8 Days, $10K in Profits for a Funded Futures Trader

Posted by TopstepTrader on July 09, 2018

If you've been following TopstepTrader on social media, you've probably seen the name Mykhailio C., one of our funded futures traders from Ukraine. That's because in his first month trading in a Funded Account™, Mykhailio absolutely crushed it.

Trading Crude Oil ($CL) exclusively, Mykhailio averages nearly $550 in profits each day he trades — winning and losing days included. If he maintained that pace, it equates to more than $125,000 in annual trading gains. 

He is profitable on 71% of his winning days. Some of those winning days, as Coach Dan describes in this episode of The Trade, include days where just 20% of his trades were profitable. But that's what's possible with a favorable risk management setup. And that's how you can build an 8-day winning streak into $10,000 in realized profits. 

Read More

Topics: Performance Coaching, Trading Basics, Futures, Trading Setups, The Trade, Crude Oil

Funded Trader Story: Setting a $50K a Year Pace Trading Just 3 Hours a Day

Posted by TopstepTrader on July 06, 2018

Some people think traders need to grind it out all day, every day. Not Chi C. of Bellevue, Washington. He never wanted to be one of those people who trades all day, every day, so he developed a strategy that fit his way of thinking and had the potential to give him the financial freedom and flexibility he was looking for.

In many ways, Chi is well on his path to success. He only trades Crude Oil ($CL) its volatility allows him to capitalize on a short trading window, just trying to be active in the market between 6 AM and 9 AM PT. Even then, he says he usually finishes his trading day by 7:30 AM.

In more than two months in a Funded Account™, Chi averages nearly $200 each day he trades (winning and losing days included). To put that in perspective, that’s $50,000 annually — working just three hours!

Here’s how he did it.

Read More

Topics: TopstepTrader Funded Traders, Trading Basics, Futures, Crude Oil

Follow Us:

Subscribe to Email Updates

Recent Posts

Popular