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Want to Improve Your Trading? Don’t Let Losses Bring You Down

Posted by TopstepFX on July 05, 2019

Does losing money sting at first? Of course it does. But for aspiring traders, it’s necessary to become successful. That’s the lesson that San Diego-based trader Rod R. learned after joining TopstepFX.

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Topics: TopstepFX Funded Traders, Emotions

Avoid Over-trading: 5 Ways to Stop Gifting Money to the Markets (Part 4)

Posted by TopstepTrader on May 24, 2019

Technology has changed many aspects of our lives; one area that has seen massive improvement is the world of investing and trading. There’s never been a better time for the individual investor to participate in financial markets. 

But it’s not all good news. The ability to trade nearly 24/7 and at speeds never seen before has a couple of disadvantages as well. Let’s discuss them here in Part 4 of our series on Not Gifting Money to the Markets. 

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Topics: Risk Management, trading strategy, Emotions, Stop Gifting Money

Why are the Best Trading Opportunities Scary?

Posted by Mark Meadows, TopstepTrader on February 14, 2019

Twice this week, I’ve been noticeably “scared” to enter a trade.

The first time was Monday, when I noticed an opportunity while watching the Market Forecast with TopstepTrader’s Senior Performance Coach John Hoagland. As he does every day at 8:15 AM CT live on TopstepTrader's Facebook page, John brought up the Crude Oil chart. It showed Crude was selling off hard to $51.26, slightly below a double swing low at $51.33 from January 17 and January 28. It was a clear opportunity.

But I missed it.

As the chart above shows, the price even came back to test that level two hours later. You’d think that this would be a great opportunity, but instead it just confirmed my thoughts that the market was “heavy.” The market looked heavy. It looked like the support was going to give.

It didn’t, and with the benefit of hindsight, we see that prices rallied that day $1.50 and have been rallying ever since. Opportunity missed again.

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Topics: Performance Coaching, Trading Basics, Trading Lessons, Forex, Futures, Emotions

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