Over the last several weeks to months, a lot of new traders have entered into the market with absolutely no knowledge or plan expecting to make a killing trading. We all know that never ends well. But I wanted to share my experience and advice for anyone looking to learn how to trade.
If you have traded in a TopstepTrader combine at least once, you have probably used TST’s preferred platform called TSTrader, which is powered by Tradovate. I have received a lot of requests for newer traders on how to use this platform so I decided to make a playlist of several videos detailing the major features of the platform.
It’s been awhile since I last updated you with the Small Account Challenge trading futures. But I promise I have been busy with passing the TopstepTrader $50k combine again, trading this small account and building my trading education company, Price Level Trading.
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.