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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

Earnings Season: A Boom or Bust for Equities Rally?

Posted by TopstepTrader on April 10, 2019

Time for earnings. Several large banks release results on Friday, and the floodgates on first-quarter reports open wide the following week. With the S&P 500 up sharply year to date, the rally will be tested when companies discuss the outlook for the remainder of 2019.

Here's why that matters.

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Topics: Nasdaq, E-Mini S&P, Crude Oil

First Quarter Recap: Oil Leads as Nearly Everything Wins

Posted by TopstepTrader on March 26, 2019


After experiencing losses last year, almost every asset class is moving higher through the first quarter 2019. Stocks are rallying. Bonds are bid. The dollar is up. But the biggest gains have been in the energy sector, including a sharp rebound in the price of Crude Oil.

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Topics: US Dollar, Nasdaq, Crude Oil

Constructive Price Action as Crude Oil Bubbles

Posted by TopstepTrader on March 18, 2019

Crude oil is moving to its best levels in months, and an upward trend channel on the chart suggests there’s more room to run.

After falling sharply in the final few months of last year, prices hit a bottom in the Christmas Eve Massacre before a sharp move higher in the first two months of this year. The new mantra as the uptrend takes shape has been “buy the dip” and stands in stark contrast to the bearish sentiment that beset crude oil prices in late 2018.

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Topics: Futures, Crude Oil

Oil Dips as Trump Rips OPEC

Posted by TopstepTrader on February 27, 2019

Not happy with what you're paying at the gas pump? President Trump is on the case. 

President Trump is known for his free spirited Twitter feed. And he occasionally uses it to measure how much influence he has on the price of Crude Oil. Monday morning was the latest example, when he blasted OPEC for keeping prices too high.

The Tweet had an initial impact, but did little to arrest the recent increase in Crude Oil's price. Let's take a look. 

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Topics: Crude Oil

Notable Trades: Learning from a $600 Scalp in Crude Oil

Posted by TopstepTrader on January 16, 2019

Our traders are making big and small moves every single day to boost their earnings and further cultivate their trading skills. Every now and then, a trade stands out to us as particularly smart. It’s not always about the most profitable trades, but ones that demonstrate discipline and steady insight. This week's notable trade is a perfect example.

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Topics: Risk Management, Crude Oil, trading strategy, PDH, momentum, scalp, PDL

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. 

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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. 

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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.

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

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