TopStepTrader Funded Trader goal advice - futures io
futures io futures trading



TopStepTrader Funded Trader goal advice


Discussion in Emini and Emicro Index

Updated by SamJames
      Top Posters
    1. looks_one Esko with 6 posts (1 thanks)
    2. looks_two gdplus1 with 3 posts (0 thanks)
    3. looks_3 rleplae with 3 posts (2 thanks)
    4. looks_4 lchomes with 1 posts (0 thanks)
      Best Posters
    1. looks_one SamJames with 3.0 thanks per post
    2. looks_two matthew28 with 2.0 thanks per post
    3. looks_3 rleplae with 0.7 thanks per post
    4. looks_4 Esko with 0.2 thanks per post
    1. trending_up 3,887 views
    2. thumb_up 8 thanks given
    3. group 7 followers
    1. forum 16 replies
    2. attach_file 2 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

TopStepTrader Funded Trader goal advice

(login for full post details)
  #1 (permalink)
New York, NY
 
 
Posts: 6 since Sep 2017
Thanks: 2 given, 1 received

Hello everyone,

Very happy I discovered this forum after having it recommended to me from another place.

I recently signed up for Top Step Trader and plan to do the combine starting next week.


I nearly made the required $9k in the practice account and hope to do it with the combine next.

For you experienced futures traders. Can you give me any advice on when when to stop trading? I sometimes get a bit overboard as you can see in the screen shot with the fees. When do you feel contempt with the day? When do you decide to stop trading?

Do you guys think I'm ready for the real thing looking at my past couple of days performance?

Any advice is much appreciated.

Attached Thumbnails
Click image for larger version

Name:	IMG_1513.PNG
Views:	416
Size:	153.0 KB
ID:	241175  
Reply With Quote

Can you help answer these questions
from other members on futures io?
Thinkscript for scanning in Option Hacker
ThinkOrSwim
I have segregated my investment and trading
Psychology and Money Management
Mark a candle which is above 30% of the average length
ThinkOrSwim
Distinguish a Long from a Short Position
TradeStation
Need help with a simple script
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
48 thanks
Coronavirus COVID-19
18 thanks
VWAP oscillator for NT8
15 thanks
Battlestations: Show us your trading desks!
12 thanks
Opinion on iron condor strategy
8 thanks
 
(login for full post details)
  #3 (permalink)
Gits (Hooglede) Belgium
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,991 since Sep 2013
Thanks: 2,437 given, 5,795 received


That looks a very nice result
If you can control the drawdown like you do, you are on a straight line to the finish

Good luck !

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #4 (permalink)
New York, NY
 
 
Posts: 6 since Sep 2017
Thanks: 2 given, 1 received


rleplae View Post
That looks a very nice result
If you can control the drawdown like you do, you are on a straight line to the finish

Good luck !

thank you, definitely gotta stay disciplined.

Reply With Quote
 
(login for full post details)
  #5 (permalink)
Chicago
 
Experience: Intermediate
Platform: NinjaTrader, MBTDesktop
Broker: Manduca/Rithmic, MBTrading.com, e-futures
Trading: ES NG
 
gdplus1's Avatar
 
Posts: 33 since Dec 2009
Thanks: 54 given, 26 received


Esko View Post
Hello everyone,

Very happy I discovered this forum after having it recommended to me from another place.

I recently signed up for Top Step Trader and plan to do the combine starting next week.


I nearly made the required $9k in the practice account and hope to do it with the combine next.

For you experienced futures traders. Can you give me any advice on when when to stop trading? I sometimes get a bit overboard as you can see in the screen shot with the fees. When do you feel contempt with the day? When do you decide to stop trading?

Do you guys think I'm ready for the real thing looking at my past couple of days performance?

Any advice is much appreciated.

Esko, Welcome to the forum!

Looking at your practice account performance i.e., taking 408 trades and making $9K profit in 2 days of trading, I am assuming that you may not have reviewed and/or followed Combine rules/guidelines. Please review the Combine and FTP rules so that you do not violate unintentionally going forward.

To meet profit target on a practice account is easy but to successfully complete a combine account is very difficult.

Open a futures trading account with a $1000 deposit and Look for consistent profits on practice or sim account and prepare for meeting combine objective. It takes lot of time and effort.

Please practice trading with your chosen methodology for a few months to a year and evaluate if you are ready to enter a combine.

Good Luck!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #6 (permalink)
New York, NY
 
 
Posts: 6 since Sep 2017
Thanks: 2 given, 1 received


gdplus1 View Post
Esko, Welcome to the forum!

Looking at your practice account performance i.e., taking 408 trades and making $9K profit in 2 days of trading, I am assuming that you may not have reviewed and/or followed Combine rules/guidelines. Please review the Combine and FTP rules so that you do not violate unintentionally going forward.

To meet profit target on a practice account is easy but to successfully complete a combine account is very difficult.

Open a futures trading account with a $1000 deposit and Look for consistent profits on practice or sim account and prepare for meeting combine objective. It takes lot of time and effort.

Please practice trading with your chosen methodology for a few months to a year and evaluate if you are ready to enter a combine.

Good Luck!

Thank you gdplus1, as far as I know the practice and combine have the same rules so if I broke a rule it would show. And I was never told anything about a limit of how much you can trade per day, as long as you're making money does it matter?

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Chicago
 
Experience: Intermediate
Platform: NinjaTrader, MBTDesktop
Broker: Manduca/Rithmic, MBTrading.com, e-futures
Trading: ES NG
 
gdplus1's Avatar
 
Posts: 33 since Dec 2009
Thanks: 54 given, 26 received


Esko View Post
Thank you gdplus1, as far as I know the practice and combine have the same rules so if I broke a rule it would show. And I was never told anything about a limit of how much you can trade per day, as long as you're making money does it matter?

Esko,

If anyone violates FTP rules, they have to pass the combine again. Please use the FTP rules while practice trading.

Also, remember that If anyone breaks a rule, they have to pay a combine reset fee of $100 besides the $375 per Monthly price billed until you cancel your subscription.

Good Luck!

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #8 (permalink)
New York, NY
 
 
Posts: 6 since Sep 2017
Thanks: 2 given, 1 received


gdplus1 View Post
Esko,

If anyone violates FTP rules, they have to pass the combine again. Please use the FTP rules while practice trading.

Also, remember that If anyone breaks a rule, they have to pay a combine reset fee of $100 besides the $375 per Monthly price billed until you cancel your subscription.

Good Luck!

I'm still a little unsure of which rule you think I broke? I looked at all the FTP rules and my reading fit in with what the rules are

Reply With Quote
 
(login for full post details)
  #9 (permalink)
Gits (Hooglede) Belgium
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,991 since Sep 2013
Thanks: 2,437 given, 5,795 received


Esko View Post
I'm still a little unsure of which rule you think I broke? I looked at all the FTP rules and my reading fit in with what the rules are

how many contracts did you trade simultaneously ?

1) In the FTP for a 150K you need to apply a scaling plan, which starts with 3 contracts
did you apply that rule ?

2) In the FTP you are not allowed to trade/have open position during news release

etc...

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
New York, NY
 
 
Posts: 6 since Sep 2017
Thanks: 2 given, 1 received



rleplae View Post
how many contracts did you trade simultaneously ?

1) In the FTP for a 150K you need to apply a scaling plan, which starts with 3 contracts
did you apply that rule ?

2) In the FTP you are not allowed to trade/have open position during news release

etc...

I scaled in different increments, sometimes 3, sometimes 4, sometimes 5. A few times held 15 contracts, once in in the trader preparation for funded account if they want me to go in 3 contract increments I will

Reply With Quote


futures io Trading Community Traders Hideout Emini and Emicro Index > TopStepTrader Funded Trader goal advice


February 14, 2019


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts