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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

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

There are 125 Trading Days Left This Year: Here’s How to Take Advantage

Posted by TopstepTrader on July 02, 2018

 

Slow is fast. And fast is slow.

One common theme among many professional futures traders is that it took them time to learn to become consistently profitable. In fact, many lost substantial amounts as they got started out. Almost unanimously, the main mistake they made was trying to rush to success.

Is your trading where you want it to be in 2018? If not, there’s no reason that you can’t get on the right foot starting now.

But don’t rush.

There are still 125 trading days left in 2018. You can make progress. But only with a clear trading goal. Here are five ways to do that.

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Topics: Trading Basics, Trading Plan, Futures

4 Ways to Profit from a Successful Routine

Posted by TopstepTrader on January 17, 2018

The best performers in the world all rely on routines. They are not winging it. Tom Brady, five-time Super Bowl winning quarterback and four-time Super Bowl MVP, goes to bed every night at 8:30 PM. He reportedly wakes up at 5:30 AM to get to work watching game film and working out.

Routines provide consistent feedback and increase performance. In any area you want to excel, you have to develop a routine. It's as simple as that. 

Trading is no different.

To get you started, here are four tips for creating a routine that will help you become a successful trader.

Watch our coaches talk about developing a successful routine in this episode of Coach's Playbook. 

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Topics: Trading Basics, Trading Lessons, Forex, Trading Plan, Futures

5 Steps for Creating a Great Trading Plan in 2019

Posted by TopstepTrader on January 03, 2018

A trading plan is critical to trading success. Not having one doesn’t make profits impossible, but it does make it extremely challenging to be successful over the long term. A trading plan provides focus, peace of mind, and constraints to allow you to realize when you need to switch something up - whether that’s trading a smaller size or taking a break from markets altogether.

 Watch our coaches talk about creating a trading plan in this episode of Coach's Playbook. 

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Topics: Trading Basics, Trading Lessons, Trading Plan

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