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Funded Trader for 3 Years: Here's How I Did It

Posted by TopstepTrader on April 18, 2019

 

 

Charles B. from Couer D'Alene, Idaho has traded in a futures Funded Account® for three years. Charles came to Topstep because it offered an easy entry point into the futures trading business — particularly for someone far from a finance hotbed. 

Charles credits his long-term consistency on finding a love for the trading process, not the outcome, and says Topstep has helped him develop become precise in his trades. "You have your analysis that you're applying, but you only want to be getting involved when you have the most bang for your buck. Topstep really helped me figure out in my own process where that actually happened," Charles said.  

Read more or check out the video above for Charles' advice to traders in the Trading Combine®.

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Topics: TopstepTrader Funded Traders, Trading Plan, TopstepTrader

Perseverance in Trading Pays: Lessons from a Funded Trader

Posted by TopstepTrader on April 11, 2019

When it comes to physical fitness, some of us make it to the gym every week and strive to eat healthy meals. For others, however, learning how to reach one’s goals requires a lot of time, training and a workout buddy to stay on track. The same can be said for aspiring traders.

Yose D. from Dominican Republic just earned his second TopstepTrader Funded Account®. His first one, started back in December 2018, was a learning experience where he ultimately lost $1,900 and hit his Trailing Maximum Drawdown. 

But instead of being discouraged, Yose kept at it, adjusted his plan and honed in on his risk management. And even though it cost us the first time, we couldn't be more thrilled to give him more of our capital to trade. This time, he'll be in a $150K account with a little more cushion. We recently caught up with Yose to talk more about his experience earning a TopstepTrader Funded Account and what advice he'd have for other traders in their process. 

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Topics: TopstepTrader Funded Traders, Trading Plan, Risk Management

Having a Performance Coach Gives New Traders a Competitive Edge

Posted by TopstepTrader on March 25, 2019

Before learning how to trade with TopstepTrader, Gabriel, who’s based in Spain, was an entrepreneur who ran multiple businesses. He heard an ad detailing how trading newbies could learn the business and decided to give it a try.

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Topics: TopstepTrader Funded Traders, Futures, John Hoagland

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

A Red-Hot Start: $26,000 in Profits 30 days Into a Funded Account®

Posted by TopstepTrader on January 06, 2019

44.66% winning trades.

Average winning trade of $511.79.

Average losing trade of $263.90. 

These statistics may not seem remarkable, but disciplined trading compounds in a very short amount of time. These are stats from Gabriel F., a funded trader in Spain. Gabriel accumulated $26,266 in profits over 33 trading days since November 1 in his Funded Account®.

Here's what Gabriel is doing so well right now. 

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Topics: TopstepTrader Funded Traders, Futures

Success Story: How One Funded Trader Made a $7,000 Withdrawal in October

Posted by TopstepTrader on November 03, 2018

Why have we been saying that markets right now are full of opportunities? Because volatility plus risk management can equal big profits. Take just one example, Jacob B. in Utah, who started in his TopstepTrader Funded Account® on October 1 and amassed a healthy amount of profits and a $7,000 withdrawal check by the end of the month. 

What can you learn from how Jacob managed his account and took advantage of what the market gave him? 

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Topics: TopstepTrader Funded Traders, Trading Basics, Futures

Funded Trader Advice: Realize What Drives You to Profitability

Posted by TopstepTrader on September 13, 2018

Some people start trading because of the allure of big profits. That is not the case for Brian G. of Brisbane, Australia. He says he was drawn to the markets for a different reason entirely: for the challenge. “Trading is difficult,” he says. “And like most things in life the greater the complexity the greater the reward.”

Brian has faced the challenge of trading head on. For example, though he has amassed profits to withdraw more than $1,100 in his first 25 trading days, he is still working on improving his risk-to-reward ratio. That’s because he’s found himself giving away more on his losing trades than he makes on his winning trades. On his average winning trade, Brian makes $197.46. But he risks $217.58 on his average losing trade.

Brian is constantly learning how to navigate the intricacies of the markets he trades — Nasdaq, E-mini S&P 500 and Russell 2000 futures. Let’s take a look at some of the lessons he’s learned.

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Topics: TopstepTrader Funded Traders, Trading Basics, Futures, September Trading Insights

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

TopstepTrader has Funded 500+ Traders in 2018

Posted by TopstepTrader on June 29, 2018

Have you heard the news? TopstepTrader has funded 500+ futures traders SINCE JANUARY!

That's a pace of funding that we've never seen before, thanks to market volatility and more traders than ever interested in trading our capital. And it has enabled stories like Mykhalio in the Ukraine, who put up our largest trading day ever yesterday, profiting $8,100 in Crude Oil.

But TopstepTrader's success is not just about the traders now earning funding. We continue to fund profitable traders like Charles B., who has been trading with TopstepTrader since November 2015. 

To commemorate the occasion, TopstepTrader's Founder and CVO Michael Patak joined CEO Jay Rudman to go over some of the highlights and talk with the community. Check out the video below. 

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Topics: TopstepTrader Company Updates, TopstepTrader Funded Traders, Futures

The Most Important Metric in Trading (Hint: It’s Not Your P&L)

Posted by TopstepTrader on May 29, 2018

Metrics can be a lifesaver for a trader. Without a way to evaluate your strategy, each trade is little more than a roll of the dice. Yes, there’s an element of chance in the markets. But you can’t depend on things going your way if you want to be consistently profitable.

Certainly there are a lot of metrics that are interrelated that will ultimately bleed into the bottom line. But, as we have talked about in the past, if you are only focused on your bottom line, you are going to have a tough time trading.

So what’s the best metric to look at? The risk-to-reward ratio. Broken down, this tells you how much you lose on an average losing trade versus how much you gain on an average winning trade. Other metrics, like your net profit / loss, may make your feel good, but your risk-to-reward gives you information you can use to actually get and sustain that healthy account balance. Here’s how.

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Topics: TopstepTrader Funded Traders, Trading Basics, Forex, Futures

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