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Webinar: TopstepTrader on Discipline/Psychology (Michael Patak and John Hoagland)
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Webinar: TopstepTrader on Discipline/Psychology (Michael Patak and John Hoagland)

  #1 (permalink)
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Webinar: TopstepTrader on Discipline/Psychology (Michael Patak and John Hoagland)

Hi guys,

It is my pleasure to bring back TopstepTrader for another webinar on Tuesday, August 21st @ 4:30 PM Eastern US. The topic is Discipline and Trading Psychology. Michael Patak (Founder of Topstep Trader) will be joining John Hoagland (Senior Scout).

The preliminary topics for this webinar are:

- The Desire to Change
- See Discipline from a new light
- Common denominator in trading
- Market vs your invisible weakness

If you have not already watched the last TST webinar, please do so. It was excellent!

Webinar: TopStepTrader on Discipline and Risk

You can find more info on TopstepTrader here:
Learn to Trade, Trading Coaches, Simulated Futures Trading

I will post again when registrations are open.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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  #2 (permalink)
Quick Summary
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Last edited by Big Mike; August 22nd, 2012 at 05:16 PM.
 
  #3 (permalink)
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Registrations are now open:

Trading Webinars, Trading Videos - Big Mike Trading Forum

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #4 (permalink)
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T4 trading platform not user friendly

Hey Mike, just in case I don't get a chance to ask this during the webinar, could you please ask Michael why he uses T4 trading platform that everyone hates. I think they will see more participation in their programs if they moved to something more user friendly, like ninjatrader. I hear T4 platform sucks to say the least since you cannot do multiple targets and all of that good stuff.

Thanks,

Kulu

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  #5 (permalink)
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kulu View Post
Hey Mike, just in case I don't get a chance to ask this during the webinar, could you please ask Michael why he uses T4 trading platform that everyone hates. I think they will see more participation in their programs if they moved to something more user friendly, like ninjatrader. I hear T4 platform sucks to say the least since you cannot do multiple targets and all of that good stuff.

Thanks,

Kulu

T4 is a very widely used platform on the floor. But my understanding is they are adding other platforms to the mix, I will try to ask him.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #6 (permalink)
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Questions

Dear Mike,

First of all, thank you for providing this webinar!

Unfortunately, it's very likely that I can not participate in this, but I'm looking forward to viewing the recording.

Anyway, if there is a chance, could you please ask two questions about the programs of TST?

My questions are:

1. One of their scouting requirements is that traders "trade all required days of the Combine". Does that mean, that if one is a swing trader and gets only, for instance, signals on 6 of the 10 combine days and meets the profit target with that, does he have to trade on the remaining 4 days as well in order to meet the aforementioned requirement? If so, would it be okay to quickly jump in and out just to get fills for these days (which obviously would not be part of the swing trading plan)?

2. During the combines it is required that positions are closed before the electronic close. These can be reopened if trading is resumed. Is this rule also a requirement for funded traders? I guess not, but I thought it would be good to clarify.

I've listened to the first webinar of TST on futures.io (formerly BMT) but did not hear anything related to the above questions.

Thank you in advance!

Regards,
k

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  #7 (permalink)
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karoshiman View Post

My questions are:

1. One of their scouting requirements is that traders "trade all required days of the Combine". Does that mean, that if one is a swing trader and gets only, for instance, signals on 6 of the 10 combine days and meets the profit target with that, does he have to trade on the remaining 4 days as well in order to meet the aforementioned requirement? If so, would it be okay to quickly jump in and out just to get fills for these days (which obviously would not be part of the swing trading plan)?

2. During the combines it is required that positions are closed before the electronic close. These can be reopened if trading is resumed. Is this rule also a requirement for funded traders? I guess not, but I thought it would be good to clarify.

Hello Karoshiman,

For your first question the answer would be yes. Yes, you are allowed to do so and a trading day counts at the time you enter the market on any of your traded products. But you have to be carefull, as you have to pass the statistics, a short profitable trade may not change your account balance but have an impact on your statistics.

For the second question, some of the live traders have the right to leave positions opened through the clearing, but it is as an exception, it can be done also only in case that this live trader has already made some profit comparing to the starting balance of his account, but it is really not common in TST, even for the live traders.

I hope I can be of any help, if you have questions do not hesitate to contact me!

Have a good evening.

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  #8 (permalink)
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The webinar room is now open.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,356 given, 83,237 received

FOMO = Fear Of Missing Out, nice one

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #10 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,356 given, 83,237 received


"If it is to be, it is up to me."

Good quote.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

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