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The Biggest Single Trade We've Ever Had: Chris H. from Japan

Posted by TopstepFX on October 01, 2019

You could imagine in 7+ years funding traders that Topstep has had some great trades. But we never had a single $9,000 trade—that is until Chris H. from Japan went long GBP/JPY on September 9. Ultimately, that trade netted him $9,120 in profits and put him well on his way to $5,900 in withdrawals for September. 

While that story is good enough for us to blog about it, what really makes Chris' story great is the resiliency with which he's traded with TopstepFX. His $5,900 withdrawal wasn't his first time in a Funded Account®; in fact, it wasn't even his first withdrawal from a Funded Account. And we have a feeling it won't be his last. Keep reading for how Chris identified this opportunity and how he found the patience to see it through.

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Topics: Forex, Trading Setups, TopstepFX Funded Traders, Currency Pages

Funded FX Trader Shavar H. Talks Trading Combine Strategy

Posted by TopstepFX on August 29, 2019

 

 

This week, we caught up with newly-funded TopstepFX trader Shavar H. to talk about his trading journey, how he develops strategies, and why he decided to trade forex in the first place. He reminds us that trading is about more than just money, it's about learning and acquiring a skill that can open all sorts of opportunities down the road.

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Topics: Forex, Trading Setups, TopstepFX Funded Traders, Currency Pages

Tips From a Funded Forex Trader: Hit Your 'A' & 'B' Setups

Posted by TopstepFX on June 04, 2019

 

 

James G. from Aiken, South Carolina started trading with TopstepFX in September of 2018. Since then, he's earned funding with live capital and taken his trading to the next level by tightening his risk parameters, sticking to the best setups, and setting manageable profit targets for each month instead of moonshot year-end goals.

Read more below or check out the video above to get more tips from James and to learn about his experience with the TopstepFX Trading Combine®.

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Topics: Trading Plan, Trading Setups, TopstepFX Funded Traders, TopstepFX

Trump Tariffs, Leisurely Trade Negotiations Tank Equities (Again)

Posted by TopstepTrader on May 14, 2019

President Trump’s Twitter feed, which has become perhaps the best leading indicator for equities lately, sent a strong sell signal last Friday morning after the President suggested that, “there was absolutely no need to rush” trade negotiations with China. This comes after a week of saber rattling that sent markets into a volatile tailspin.

This bearish setup was confirmed when the President revealed that the administration was still in the process of implementing 25% tariffs on an additional $325-billion-worth of Chinese goods.

The stock market initially took this breaking trade news… not well.

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Topics: Trading Basics, Futures, Trading Setups, E-Mini S&P, volatility

This is How to Trade Through Volatility: Trading Through the 2008 Crisis

Posted by TopstepTrader on October 13, 2018

10 years ago, markets presented opportunities that we haven't seen since — if you were disciplined and poised to take advantage. It's a bit ironic that on the tenth anniversary of the 2008 financial crisis, we are seeing current markets go a little haywire. 

In this documentary, we talk with five traders about what it was like to trade through the 2008 financial crisis, how they adjusted and what their thoughts are for markets 10 years later. You are not going to want to miss it. 

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Topics: Trading Basics, Yra Harris, Trading Setups, Equities, Anne-Marie Baiynd

Patience Pays: How a Funded Trader Cashed in on a $2,700 Trade

Posted by TopstepFX on September 26, 2018

Imagine being in one trade over four days, watching your P&L go up $1,000 to even, back to up $1,000 to even as the market gyrates 40-50 pips over hours. Your long bias is still valid, so you sit in the trade, waiting for things to play out.

To compound matters, add that the last time the market did this, it was a false breakout that caused you to lose some money.

That's the scenario that Gabriele T. from Italy found himself in last week when he was long EUR/USD after it broke out above 1.1650. Yet Gabriele was able to be patient and let the trade work out, a decision that ultimately helped him profit $2,700. 

In this week's The Trade, we break down the market setup and what Gabriele did so right. 

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Topics: Performance Coaching, Trading Basics, Forex, EUR/USD, Trading Setups, The Trade, TopstepFX Funded Traders

This is How You Profit on a Break Below Major Support

Posted by TopstepTrader on August 27, 2018

Breakouts above major resistance or breakdowns below major support are a trader's dream. They occur rarely, but offer opportunities for trades over multiple days. Such was the case when Euro futures ($6E) broke down in mid-August. 

For multiple months, the Euro put in a strong level of support around 1.16, bouncing between there and lower highs beginning in May. As the chart shows, this put in a technical formation of a descending triangle, which is a bearish technical pattern. That bearish pattern played out here in the Euro when prices ultimately broke below support.

Coach Dan breaks down this trade and exactly how traders can identify these moves and profit. 

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Topics: Performance Coaching, Trading Basics, Futures, Euro, Trading Setups, The Trade

Funded Trader: $2,300 in Profits Riding Nasdaq to New Highs

Posted by TopstepTrader on July 24, 2018

We say it often — trading is all about your risk-to-reward ratio. In this trade, Brad M. from Chicago nailed going long Nasdaq ($NQ) futures and riding one contract for more than 100 points and $2,296.04 in profits. That's something worth celebrating, right Brad? 

Coach Dan breaks down Brad's trade, placed on July 17, in this week's episode of The Trade.  Coach Dan goes over what Brad saw, how he executed his trading bias and what price level he targeted and where he might have gotten out of the trade if it went sideways. 

By looking at what Brad saw at the time, Dan outlines what happened in the market and what you can learn and take into your trading. 

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Topics: Performance Coaching, Trading Basics, Futures, Trading Setups, The Trade, Nasdaq

8 Days, $10K in Profits for a Funded Futures Trader

Posted by TopstepTrader on July 09, 2018

If you've been following TopstepTrader on social media, you've probably seen the name Mykhailio C., one of our funded futures traders from Ukraine. That's because in his first month trading in a Funded Account®, Mykhailio absolutely crushed it.

Trading Crude Oil ($CL) exclusively, Mykhailio averages nearly $550 in profits each day he trades — winning and losing days included. If he maintained that pace, it equates to more than $125,000 in annual trading gains. 

NOTE: If you'd like to learn more about trading Crude Oil in your own account, be sure to check out out our Beginner's Guide to Trading Crude Oil Futures for some helpful tips on getting started. 

He is profitable on 71% of his winning days. Some of those winning days, as Coach Dan describes in this episode of The Trade, include days where just 20% of his trades were profitable. But that's what's possible with a favorable risk management setup. And that's how you can build an 8-day winning streak into $10,000 in realized profits. 

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Topics: Performance Coaching, Trading Basics, Futures, Trading Setups, The Trade, Crude Oil

$1,500+ Trade: When Overnight Trading Presents Opportunities

Posted by TopstepTrader on June 28, 2018

The best part about trading being 23 hours a day is that it can present opportunities at any point in the day. For many traders that trade futures part-time, that means that the market is there when you have the time to dedicate. 

But you still have to think through your trade. And in this episode of The Trade,  Coach Dan Hodgman breaks down a trade by funded trader Evan L. in Colorado. On June 18, as rumors of tariff and trade disputes stirred, Evan took a short position in the Nasdaq. In that trade, Evan made more than $1,500 in real profits. 

As Coach Dan outlines, everything that Evan did, he nailed spot on — from his use of market dynamics to a target that matched perfectly with major trend lines. In one of his more in-depth analysis, Coach Dan also breaks down other levels in play, as well as additional places that traders would have be "right" to take profits. 

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Topics: Performance Coaching, Trading Basics, Futures, Trading Setups, The Trade, Nasdaq

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