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Mergodon TopSteptrader Live Account Journaling
Started: by matevisky Views / Replies:56,131 / 446
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Mergodon TopSteptrader Live Account Journaling

  #391 (permalink)
Trading Apprentice
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: CL
 
algorithmic's Avatar
 
Posts: 29 since Feb 2015
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wish u success in your live account with TST.how much cushion do you need to scale your contracts one more ? does your daily loss limit increase with your cushion ?

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  #392 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
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algorithmic View Post
wish u success in your live account with TST.how much cushion do you need to scale your contracts one more ? does your daily loss limit increase with your cushion ?

After you got funded you and the 10 days past, you are managing your own risk. Meaning: you can trade as you like (you have to obey the scaling rules only), but you are never again allow to hit your balance back to below zero again. So anytime you can ask for withdraw, but you have to keep that in mind the balance is not allow to go negativ. More info could be found here:
Futures Funded Trader Scaling Plan ? Help & Feedback Center

official TST forum here:
https://futures.io/vendors-product-reviews/25776-topsteptrader-s-michael-patak-president-ask-me-anything-ask-me-anything.html

Máté
Full time traderLive journal here
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  #393 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 632 given, 1,541 received

Lucky


Yesterday I was going red again, and I missed the keep the balance in the loss limit. Today I have been realized I was trading one of my demo account. Hm... Luck. (the miss was because of some slipage, but slipage or not, it is not accapteble...)

Anyhow. I have done some research back, and I believe I am getting a clear strategy to how to go forward. So it was a good lesson. I made some research back again random days, market replay, etc... The plan is working. Has some good strong elements, and has some weak, and strutcture understanding. I have identified a lots of not working scenario, which made me happy, also I have been identified a lots of scenarios, where I have realized it was a nice run, but I am not able to catch it...

So we wil see it today in real life... I am still accapting the fact the goal is not to be righ the goal is be conistence, also I am not able to controll the market, I am able to controll my plan, and sometimes it will be good, sometimes it will be not good...

Cheers...

Máté
Full time traderLive journal here
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  #394 (permalink)
Elite Member
Tallinn, Estonia
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Oanda
Favorite Futures: USOil / West Texas Oil
 
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Posts: 744 since Nov 2010
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worst case senario


matevisky View Post
After you got funded you and the 10 days past, you are managing your own risk. Meaning: you can trade as you like (you have to obey the scaling rules only), but you are never again allow to hit your balance back to below zero again.

I know its TST money and rules.

If I have average start first 10 days then I am up + 1080 $
And after first 10 days if I have worst drawdown then I will be
hardly LIVE + 157 $

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What will be your worst case senario ?

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  #395 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 632 given, 1,541 received

Futures Edge on FIO

lemons View Post
I know its TST money and rules.

If I have average start first 10 days then I am up + 1080 $
And after first 10 days if I have worst drawdown then I will be
hardly LIVE + 157 $

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What will be your worst case senario ?

Happened with me. I have asked them to go back to LTP phase. You are going to recieve 2 free round, than you get founded again, and you can have the 10 days with the normal drawdown again.

Speaking frankly this is their money management rules, which helped them to stay positive portofolio whatever happen. So from their perspective it is fine, from your perspective, it is still a protection to dont be stupid like I was:P

Máté
Full time traderLive journal here
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  #396 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 632 given, 1,541 received

Work in progress merNewsAlert

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Máté
Full time traderLive journal here
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  #397 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
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Posts: 3,562 since Jan 2013
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Hey, that's cool.

Bob.

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  #398 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
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Posts: 469 since May 2013
Thanks: 632 given, 1,541 received

Prooving my right

I was amazed how easy can @
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Máté
Full time traderLive journal here
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  #399 (permalink)
Elite Member
Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Working on a TST combine
Favorite Futures: 6E
 
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Posts: 204 since Sep 2013
Thanks: 151 given, 245 received

Hi Matevisky,
Good to see you back and still working towards your goal.
I can't help you with your news indicator you mention on the previous page, and I understand that you want it for being able to see news reaction on the charts. But with one of the things that you mentioned being that you wanted an alert a few minutes before a news event, I use freealarmclocksoftware.com which allows you to program in lots of different events. Each morning I look at the calendar and then tick the alarm boxes for what I want each day, for eg. an alert two minutes before the open, and one hour after the open for the IB, an alarm every Wednesday ten minutes before the crude report etc. Like I say it won't help with your chart analysis but it has kept me out of trouble a couple of times when I lost track of time during the day.

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  #400 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 632 given, 1,541 received



matthew28 View Post
Hi Matevisky,
Good to see you back and still working towards your goal.
I can't help you with your news indicator you mention on the previous page, and I understand that you want it for being able to see news reaction on the charts. But with one of the things that you mentioned being that you wanted an alert a few minutes before a news event, I use freealarmclocksoftware.com which allows you to program in lots of different events. Each morning I look at the calendar and then tick the alarm boxes for what I want each day, for eg. an alert two minutes before the open, and one hour after the open for the IB, an alarm every Wednesday ten minutes before the crude report etc. Like I say it won't help with your chart analysis but it has kept me out of trouble a couple of times when I lost track of time during the day.

Thank you for the good words. I am almost ready with my solution. It is not for trading the news, it is simply just keep that in mind, some events is going on, and it could be impacted for the price action. Many many time I missed some news, and it would be nice not only to have an alert, or text, but also some warning on the chart itself. We will see how helpfull it will be, I will upload the first version here for testing in 1-2 hours

Máté
Full time traderLive journal here
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