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This is the Equity Curve of a Trader with $27,000 in Profits Over 46 Trading Days

Posted by TopstepTrader on January 28, 2019

2019 has seen a couple new funded traders get off to red-hot starts. We talked a couple weeks ago about how Gabriel F. in Spain added $26,000 in profits in 33 trading days

But it's not just Gabriel that has been able to add big profits to his trading account recently. Bill M. in Illinois gained nearly $27,000 in profits in his Funded Account® over 46 trading days. And their two trading styles could not be less alike, proving that you can make money in a multitude of different ways. 

Whereas Gabriel sticks with Crude Oil and equity futures, Bill trades anything and everything. He's held positions in currencies (Australian Dollar, British Pound), metals (Copper, Gold), energies (Crude Oil, Natural Gas), agriculture products (Live Cattle), financials (Ultra Bond) and equities (Dow, Nasdaq, S&P 500, Nikkei). 

Also different: their reward-to-risk ratios. Gabriel had a perfect 2:1 reward-to-risk ratio; Bill's average winning trade is actually less than his average losing trade (+$471.82 vs -$571.65). To stay profitable, Bill has nearly 70% winning trades and 57% winning days. And, critically, he never loses too much on any one day — his largest winning day is $4,776 vs. a largest losing day of $1,550. 

Here's a closer look at Bill's equity curve, which is a beautiful lower left to upper right pattern. 

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Basics, Trading Lessons, Futures, Risk Management

The Worst Trade Paul Tudor Jones Ever Made and How You Can Learn From It

Posted by TopstepTrader on January 18, 2019

As we progress along our trading journeys, it’s important to never stop growing and improving. Sometimes, the best way to do that is to take the time to learn from one of the greats. As part of an ongoing series on notable traders, we’re taking time to talk about one of the most recognized names in the space: Paul Tudor Jones.

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Topics: Trading Lessons, Market Wizards, Trading Plan, Risk Management, trading mistakes, Cotton, Paul Tudor Jones

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

Did You Miss What Barron's Said About TopstepTrader...

Posted by TopstepTrader on February 26, 2018

This weekend in a profile of TopstepTrader, Barron's completely nailed our value proposition — that TopstepTrader is the place to go to safely engage in markets, while gaining access to up to $150,000 in futures buying power:

"TopstepTrader, which was founded in Chicago in 2012, has a service to help the at-home day trader develop good habits and an appreciation of risk management, and if funded by the firm, keep 80% of the profits."

Founder and chief visionary officer Michael Patak [...] wants to provide a learning environment for rookies, and offer those who are successful a chance to trade his firm’s money. “Our goal is to make you be accountable for your actions, and follow basic risk criteria,” Patak says.

There's a whole lot more to the article, and we'd recommend you give it a read.

And while we love what Barron's said, we're even more proud of what traders have said about us. 

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Topics: TopstepTrader Company Updates, Futures, Risk Management, Profit Trading

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