Some of you may know Yose. He's one of our favorite success stories here at Topstep. Since getting funded, he has become a formidable futures trader, quit his day job, and secured major outside capital to back his personal account. We're thrilled to have been part of his journey, and lucky to have had him in the Topstep Studio this week, all the way from the Dominican Republic. Traders of all levels can learn a lot from his insights, so we certainly hope you check out this very special episode of the Topstep Weekly Preview. Enjoy!
The news driving markets continues to play out like a professional wrestling match. There's a little bit of everything: heroes, villains, threats, heel-turns, over-dramatic commentary. The only major difference is that at least a handful of people at a wrestling match presumably know exactly how it will end (apologies to any readers if we just ruined the magic of the WWE).
Now would be a good time to get caught up on the action so far...
Topstep performance coach Dan Hodgman made his triumphant return to the Trading Futures with Anthony Curdele show last week to discuss his old friend, the 30-year Treasury Bond future. Diving into the charts, he will show you to frame the market and make smart trades around settlement prices like a pro.
Gold has been rallying in 2019, but the advance ran out of juice in recent days and prices have come down from six-year highs near $1450 seen last week. It’s not clear if the recent dip is just a pause in a bull market or the start of a bigger reversal to the downside. An answer to the question is likely before month-end.
One of the themes we're highlighting this month at Topstep is discipline. And sometimes being disciplined means knowing when to take your lumps and get out of a trade that just isn't working. In today's "Topstep Moment of the Week," Dan Hodgman joins Anthony Crudele on the Trading Futures YouTube show to breakdown a pair of failed breakout trades made by funded trader Cori F. from Illinois. Remember, great trades are not always profitable, they are simply shrewd and disciplined decisions made using the available information. We applaud Cori for sticking to her strategy, and living to trade another day.
Philipp B. from Austria has been trading with Topstep for nearly three years. Most traders specialize in one or two products, but not Philipp—he's traded everything from Equities and Gold, to Euro FX and Crude Oil. This isn't an approach we would recommend for everyone, but it certainly seems to work for Philipp, who made a big withdrawal in June, and continues to consistently build his account each month.
How does Philipp find success across so many products? We examined some of his daily trading reports to find out.
It's a holiday week here in the States. That means market hours are funky and the opportunities slim for retail traders. Why not give you mind a rest and leave it all behind for a while? Spend some time with the family. Do some projects around the house. Read a glossy airport novel if that's your thing. We promise all your favorite futures products will still be here when you get back.
In this week's Tip of the Week, TopstepTrader's founder Michael Patak discusses why taking a break from the markets is so important.
Welcome to the first edition of the "Topstep Moment of the Week", a new recurring segment featured on the "Trading Futures with Anthony Crudele" YouTube show. This week, Topstep performance coach Dan Hodgman joins Anthony to break down a counter-trend British Pound play made by funded trader Riccardo Z. from California. Hope you enjoy!
Not every trader needs to be swinging for the fences like an early-2000's Barry Bonds. Because frankly, I'm not aware of anything at the pharmacy that will turn you into a monster trader. Odds are you'll find it much easier to succeed by staying scrappy and just trying to get on base like future Hall-of-Famer Ichiro Suzuki.
In this week's Tip of the Week, TopstepTrader's founder Michael Patak is talking trading and baseball, and explains why every trader should learn to play a little small ball.
Stocks and bonds have been rallying, while yields fall and the Dollar slips, as weak economic data fuels expectations that the Federal Reserve will aggressively cut rates later in the year. That theory will be tested when the Federal Reserve Open Market Committee (FOMC) meets later this week.