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TopStepTrader Funded Trader goal advice
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TopStepTrader Funded Trader goal advice

  #1 (permalink)
Trading Apprentice
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TopStepTrader Funded Trader goal advice

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.

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  #2 (permalink)
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  #3 (permalink)
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Omer עומר / Israel י
 
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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 !

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  #4 (permalink)
Trading Apprentice
New York, NY
 
Futures Experience: Intermediate
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Favorite Futures: Emini ES
 
Posts: 6 since Sep 2017
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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.

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  #5 (permalink)
Elite Member
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Futures Experience: Intermediate
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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!

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  #6 (permalink)
Trading Apprentice
New York, NY
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: Emini ES
 
Posts: 6 since Sep 2017
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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?

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  #7 (permalink)
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Futures Experience: Intermediate
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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!

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  #8 (permalink)
Trading Apprentice
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Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: Emini ES
 
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

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  #9 (permalink)
Elite Member
Omer עומר / Israel י
 
Futures Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
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Posts: 2,311 since Sep 2013
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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...

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  #10 (permalink)
Trading Apprentice
New York, NY
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: Emini ES
 
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

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