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A TopStepTrader's Humble-Pie-Way: A TST Combine Journal of iqgod's "Take 2"


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Updated June 24th 2013 by iqgod
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A TopStepTrader's Humble-Pie-Way: A TST Combine Journal of iqgod's "Take 2"

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  #51 (permalink)
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Day 6: Official Daily Trade Report from TopStepTrader


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  #52 (permalink)
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Corn (ZC) Trading Halted, Short one lot

I am short one lot of Corn (ZC) and the trading has been halted by the exchange.

I was planning to close the position before 2 PM CT which is minutes away.

Now what?

Side Note: I do expect corn to open limit down but what about the combine rules?

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  #53 (permalink)
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Day 7: Trade Report



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  #54 (permalink)
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iqgod View Post
I am short one lot of Corn (ZC) and the trading has been halted by the exchange.

I was planning to close the position before 2 PM CT which is minutes away.

Now what?

Side Note: I do expect corn to open limit down but what about the combine rules?

Could ask here:



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  #55 (permalink)
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Day 7: Issue resolved & Final Stats

A word of appreciation for TST support is due...

They responded to my SOS within seconds and my account was flattened - this would have been possible because it was a SIM account.

Combine still eligible for review.

Here are the final stats:


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  #56 (permalink)
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Day 5: Blow By Blow Account

Let me start off with my worst trade ever - worst ever since I learnt applying myself diligently.

Look at where I sold and where I bought it back..... they are the two cleanest swing points ever possible.




Why did I manage this trade so badly?

That will be the subject of the next post. This post deserves the Muse to take over and reflect on it in silence.

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  #57 (permalink)
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Day 2: Blow By Blow Account - Knowing vs Doing

By the time I entered short at 10102 I had already overtraded.

This is one observation for you, dear Journal - whenever I overtrade, the results get skewed in favor of worse - trading smacks of panicky exits, missing the best opportunities and going on tilt.

I had placed my stop at 10136, which was -$340.



Now here comes the ridiculous part - as I watched price gyrate upwards I was about to leave my stop alone as by that time it was clear that the big downmove was due anytime, but I started panicking that the market would hit the combine's dialy stop limit AND THEN start that big downmove.

So as soon as the market reached 10135 I panicked and exited.

I allowed my mental state to be what it was because of:

1. I was accepting Mediocrity in my trading
2. I had come back from a down day of -$395 and this was unbearable, there was discomfort.

Thus today trading was not about trading, but it was about me.

Had I let the trade be it would have been the rainbow colored trade I had been waiting for 'to make me whole again'.

But there is more.... the next post talks about the ROOT CAUSES of all this.

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  #58 (permalink)
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Day 5: Journaling helped me identify the Root Cause today

Dear Journal,

The root cause of it all is: hold your breath (all journals have one!) is ENTERING TOO EARLY.

Entering without following rules.

Entering when you know that this isn't the best possible entry and YET taking it.

When my intuitive function is telling me to stop, and I go ahead and trample on it, it then becomes fainter and fainter.

If I disrespect myself then such trades are a high probability bet - so this is the Area of Improvement - BE CONSISTENT with your entries.

Which means....

do your homework on the nuances of the entry.

... if that is already done go to the next step...

wait patiently for the entry

... if that is already done go to the next step...

once in, allow the trade to play itself out

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  #59 (permalink)
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Day 5: Overtrading

The rule of maximum 5 trades in a day was formulated my be for a reason. It was to save me from myself.

Not following that rule and overtrading simply meant that this last trade that happened was just a Cap in the Feather - the final eruption of a volcano that has been rumbling ominously for the last few hours.

Discipline is about saving me from myself.



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  #60 (permalink)
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Posts: 1,692 since Feb 2012
Thanks: 3,475 given, 2,835 received

Day 7: Official Daily Trade Report from TopStepTrader






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June 24, 2013


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