The brokerage account that I use is with AMP Futures. I have a lot of reasons why I love AMP besides their awesome customer service, which include: no monthly inactivity fees, $500 account minimum and $400 day trading margins for minis, $100 account minimum and $40 day trading margins for micros, extremely low commissions (round trip ~$4 for minis and ~$0.70 per contract)., CQG data feed, and free trading platforms to connect data feed. Let's go through the steps in detail for how to open up a brokerage account with AMP. You can also view the video if you prefer learning in that format.
Howdy y’all! It has been quite some time since my last blog post. In between restarting my trading company, Price Level Trading, I worked on passing the TopstepTrader™ $50k combine for the second time. In this blog post I talk about the three things I focused on to pass my latest Trading Combine in less than a month.
Let's talk about the real Holy Grail of Trading: Capital Defense Management. In this video I discuss the following: Law of Large Numbers, Win/Loss % and average Win/Loss Scenarios, Accepting Losses and Trusting Your Trading plan, my Capital Defense Management Plan for TopstepTrader's $50k Combine.
I wanted to share the strategy and psychological challenges I faced over the summer time starting back in June lasting for almost 3 months. Key takeaways are: Never drastically change your trading strategy once you have a proven system that consistently makes money. Trust yourself and your trading strategy, and…
Took 3 trades today then called it a day after being on the right side of a Trump Tweet making 10 points on NQ in seconds. The first two trades had very good entries, but just was not paytient enough, moving my stop too aggressive taking me out of the trades before full profit targets were reached.
After almost hitting max daily loss on Day 2, I refocused and was able to string back to back winning days for over a $1,000 gain. The account is up a little over $300. The importance of risk management is so key because it will save you time: days, weeks, months and even years to recoup losses from a single day.
Today was the first day back trading in the $50k TST combine. Took four trades total: 3 winners and 1 loser. In this video I cover each trade live as NQ broke strong out of the gate at open and formed a nice bullish trend. But the huge miss on the ISM Manufacturing PMI turned the trend bearish in a few seconds.
In this video I break down what I have been doing the last two months from transitioning to a new software developer role at Intuit to discussing my progress with TST to covering briefly a self-sabotage cycle that I encountered that caused me to reset my TST combines plus loss of personal capital.
Today was a half day, or more like a quarter day for me since I had two work meetings in the morning that I had to balance with trading. Within the time I had to trade, I was able to focus and take trades in my zones as planned resulting in +$565.
The market gapped up over 1% due to USA and China reaching a trade truce. The market held its gains overnight and for most of the morning session. Once I hit over $600 in profit, I shut it down for the day since trading gaps this big can be tricky.
