The weekend is here; markets are closed. But that doesn't mean that you can't work on your trading.
This is our first in a new weekly recap that's meant to help traders improve over the weekend in 1 hour or less. It's a collection of a few tips, takes and articles — some of which will be produced by TopstepTrader and some not.
In this week's hour, we highlight the 3 Laws of Short-Term Scalping, the 7 Cardinal Sins Traders Make, and an Interview with Melissa M, a funded trader.
1. The Three Laws of Short-Term Scalping
In our latest episode of The Trade, Performance Coach Dan Hodgman goes over a real trade by one of TopstepTrader's funded traders. In this trade, Russell in Minneapolis makes $440 scalping Nasdaq futures. Take a look at Dan's video breakdown below — run-time of 14 minutes.
2. 7 Cardinal Sins Traders Make
This is the first episode of Futures Radio Show in 2018, but it's one that we haven't been able to stop thinking about since it ran. In the episode, host Anthony Crudele talks with Morad Askar about what the 7 cardinal sins that traders consistently make are. As Morad says, these aren't theoretical, they're what he observed from years of working in a prop trading firm. The run-time of this interview is 44 minutes.
3. 5 Questions with a Funded Trader: Melissa M. in Stillwater, Oklahoma
Melissa's trading story should be an inspiration to many in our community. She earned a Funded Account® with TopstepTrader in the past, only to lose. In the interview, she said that her "inability to be okay with a loss has caused more damage to my financial and emotional capital than anything else." But she's stuck with her trading, kept working on being consistently profitable and is back in a Funded Account — AND KILLING IT. In February, Melissa had four $1,000+ trading days. You have to check out her story. It's a quick read, 2 or 3 minutes.
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