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3 Ways Our Funded Traders Profited from Brexit Chaos

Posted by TopstepFX on May 29, 2019

To say that last week was a busy session for forex would certainly be an understatement.  The "will they, won't they" saga of Brexit continues to go nowhere—and consequently, the Pound Sterling has been getting absolutely hammered since the beginning of May. Oh, and did we mention that British Prime Minister Theresa May announced her impending resignation on Friday? 

Currency markets are extremely volatile right now, which means there are some great entry points for traders who know how to manage their risk. With this in mind, we'd like to give a quick shout out to three of our Funded Traders who stayed smart and made some great trades last week off the Brexit madness. 

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Topics: Success Stories, Trading Basics, Forex, TopstepFX Funded Traders

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

Consistent Profitability is a Journey: Interview with a Funded Trader

Posted by TopstepTrader on April 19, 2018

Think you have to trade a lot of contracts to put up four-figure days? Wrong. Sarah S. in Jersey City, NJ made $3,200 her first day trading in a Funded Account®, $1,000 her second, and $3,500 two days later. All trading a max of one contract at a time.

Sarah is the first to admit that these were “unusually” profitable days where she was able to capture the right side of a trend. But still, there’s a lot that traders can learn from this performance.

In this interview, Sarah provided robust examples of the three trade setups that she looks for in trading Nasdaq futures.

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

New Funded Trader: My 3 Keys to Forex Trading Success

Posted by TopstepFX on April 07, 2018

Like most of us, Rajeev T. in India learned the hard way that trading is challenging. He’s been trading financial markets (primarily the Indian stock market) for more than five years. Looking back, he realizes that he didn’t have a plan. Instead, he said that he relied on news that he saw on TV to trade. And that led him to the same place: blowing up account after account.

Rajeev said that all changed in September 2016 when he realized that if he kept doing the same things, he would get the same results. That led him to a study of technical analysis, trading psychology and risk management. Less than two years later, he’s found his stride and earned a TopstepFX Funded Account® with $300,000 in live forex buying power. Here’s how.

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Topics: Success Stories, Trading Lessons, Forex, TopstepFX Funded Traders

How This Funded Trader is Profiting with Just 31% Winning Days

Posted by TopstepTrader on April 04, 2018

For years, Bob R. (Viroqua, Wisconsin) says he was like Jim Carrey’s character in Liar Liar. He would beat himself up whenever his trades went the wrong way. But even when he was struggling, part of him knew he would be a better trader if he could just change his mindset.

That realization led Bob to work on his attitude and stop trying to be right all the time in his trades. Now, Bob is comfortable being wrong — so long as it's not at the expense of being profitable.

Since earning a Funded Account®, Bob has only been profitable on 31% of his trading days. And he’s profitable on just 40% of his trades.

Those are stats that would sink most traders, if not for the fact that the magnitude of Bob’s wins are much larger than the magnitude of his losses. Bob’s average winning day is 3x the size of his average losing day, and his largest winning day was nearly 5x his largest losing day. With that, Bob has turned from a trader that struggled into one that embraced losses and found a way to be profitable. Here’s his step-by-step guide to making that transition.

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

‘You Have to Do Your Homework,’ Says Funded Trader with $4K in Withdrawals in 13 Days

Posted by TopstepTrader on March 26, 2018

Like any trader, Mohammad A. in the United Arab Emirates has seen good days and bad. Since earning a Funded Account®, however, Mohammad has put together some impressives stats. In 13 days trading live with our capital, Mohammad has already withdrawn $4,000 in profits.

But that doesn’t mean he has everything figured out. Mohammad’s average winning trade is slightly less than his average losing trade ($135.36 vs -$147.38) — a statistic that he will work on as he looks to improve his consistency even further.

We talked with Mohammad to find out how he managed to get off to a quick start and how he plans to keep building on his success.

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

Racking Up Four $1K+ Days in February: 5 Questions with a Funded Trader

Posted by TopstepTrader on March 05, 2018

Melissa M. from Stillwater, Oklahoma doesn’t fit the stereotype of a trader. When she started trading back in 2010, she was a single mother with two young children, a full-time job, and a degree in microbiology.

At TopstepTrader, she found a way to explore her passion for trading. Now she’s putting up numbers other traders would envy. Just last month, Melissa posted four $1,000+ winning days, including a three-day streak where she gained $2,829. She hasn’t yet withdrawn from her Funded Account®, but she sitting on a very healthy account 24 days in.

We caught up with her for an interview to talk about how she did it — and why she believes she is more successful trading live now than in the past. 

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

Tejas from Vancouver Earns a TopstepFX Funded Account®

Posted by TopstepFX on February 28, 2018

February has been an interesting month for trading. There was a brief melt-down in equity markets, causing the U.S. Dollar to (at least temporarily) halt its downtrend. 

Tejas from Vancouver has capitalized on that environment to earn a TopstepFX Funded Account. But in talking with him about what made him successful, his perspective proves that trading forex is no different than trading futures: good trading is good trading.

Tejas’ keys to success are similar to what we often hear from successful traders: he started focusing on the actual market trends and became obsessive about his risk management. Here's how he earned his Funded Account.

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Topics: Success Stories, Trading Lessons, Forex, TopstepFX Funded Traders

5 Questions with a Funded Trader: Risk and Reward

Posted by TopstepTrader on January 16, 2018

Fernando V. in New Jersey has been trading for five years, but things have just recently clicked. After our interview, one thing struck us: he is simultaneously very comfortable with high degrees of risk - trading around events that move futures - and also paranoid about losses - placing stops at consistent levels. It seems that the second aspect may be why he’s been doing well in his Funded Account®. In fact, in November and December, he was able to make $7,500 in withdrawals.

We recently caught up with Fernando to talk about how his trading is going and advice that he would have for others in the TopstepTrader program.

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

Lesson from a Funded Trader: Stick to Your Plan

Posted by TopstepTrader on January 08, 2018

Mauricio J. in Colombia originally thought TopstepTrader was something only professional traders might find useful. But since joining, he’s used the lessons learned in the Trading Combine® to earn a Funded Account® and begin profiting in markets. Since earning a Funded Account in early October, he has withdrawn $5,323 in profits.

Critical to Mauricio's success has been the fact that he only trades actively two or three hours a day, using the rest of the time to back trade strategies and work on his performance. 

We caught up with Mauricio to learn more about his experience, what lessons he would share for other traders, and how he plans to meet his short-term and long-term goals to be a consistent trader and spend more time with his family. 

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Topics: TopstepTrader Funded Traders, Success Stories, Trading Lessons

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