AttitudeTrader's TopstepTrader Combine Journey - futures io
futures io



AttitudeTrader's TopstepTrader Combine Journey


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one AttitudeTrader with 6 posts (25 thanks)
    2. looks_two Mtype with 2 posts (2 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 Daytrader999 with 1 posts (2 thanks)
      Best Posters
    1. looks_one AttitudeTrader with 4.2 thanks per post
    2. looks_two msull35706 with 3 thanks per post
    3. looks_3 Daytrader999 with 2 thanks per post
    4. looks_4 bobwest with 2 thanks per post
    1. trending_up 3,287 views
    2. thumb_up 36 thanks given
    3. group 4 followers
    1. forum 12 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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
 

AttitudeTrader's TopstepTrader Combine Journey

(login for full post details)
  #1 (permalink)
 AttitudeTrader 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Broker: IQFeed
Trading: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 867 received

I know that there are a lot of traders here on Big Mike’s that have either been in a TopstepTrader Combine, are currently in a Combine, or are thinking about starting one.

Because I’ve been through a few now, I thought I’d share some of my results.

I journal daily on my blog, so my posts in this thread will be summaries and occasional updates.

I’ll place links in the Quick Summary section of this thread so you can access my daily journal posts on my blog if you’re interested.

I wish the best of luck to everyone involved in Combines, and I'm hoping there might be something in this thread that will be helpful.




"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Follow me on Twitter Started this thread Reply With Quote
The following 8 users say Thank You to AttitudeTrader for this post:

Can you help answer these questions
from other members on futures io?
Is there a way to rename an existing trade?
MultiCharts
Does the Rithmic bridge connect in plugin mode?
Sierra Chart
EasyLanguage: fetch option price using Stock ticker
EasyLanguage Programming
1-min Intrabar indicator
MultiCharts
NT8 connectivity by FXI API to unsupported brokers?
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
106 thanks
I finally blew up an account
52 thanks
FIO Journal Challenge - April 2021 w/Jigsaw Trading
38 thanks
Big Mike in Ecuador
23 thanks
EdgeProX from Edge Clear
22 thanks
 
(login for full post details)
  #3 (permalink)
 Daytrader999 
Site Moderator
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,390 since Sep 2011
Thanks: 1,604 given, 2,067 received



AttitudeTrader View Post
I know that there are a lot of traders here on Big Mike’s that have either been in a TopstepTrader Combine, are currently in a Combine, or are thinking about starting one.

Because I’ve been through a few now, I thought I’d share some of my results.

I wish the best of luck to everyone involved in Combines, and I'm hoping there might be something in this thread that will be helpful.

I wish you best of luck for your new Combine as well, hope you'll finally make it !

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following 2 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #4 (permalink)
 AttitudeTrader 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Broker: IQFeed
Trading: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 867 received


Daytrader999 View Post
I wish you best of luck for your new Combine as well, hope you'll finally make it !

Appreciate it! However, my definition of "making it" has changed as I've gone through this process, as have my goals for each Combine. I talk about this on my blog, but I'm sure it'll come up in the discussion at some point in this thread too.

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Follow me on Twitter Started this thread Reply With Quote
The following 2 users say Thank You to AttitudeTrader for this post:
 
(login for full post details)
  #5 (permalink)
 msull35706 
Saratoga, NY USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL, GC
 
Posts: 377 since Aug 2010
Thanks: 141 given, 809 received

Greetings AT + DT

I've been thru 12 combines thus far over a 2 year span...
Still trying!!!

Top Step is legit for sure...

Just need to develop a consistent edge and not have large drawdowns along the way...

I will subscribe to your thread and see your progress and share some trade battling stories

Mike S.

Reply With Quote
The following 3 users say Thank You to msull35706 for this post:
 
(login for full post details)
  #6 (permalink)
 AttitudeTrader 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Broker: IQFeed
Trading: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 867 received

TopstepTrader Combine #1

I started my first TopstepTrader Combine on September 23rd, 2013 for a number of personal reasons, and it turned out to be quite a disappointment.

Going into this first Combine I thought I had a plan that was “good enough,” but I soon found out how many holes there were in it.

At the beginning of this Combine I was on fire. My first 6 days were all winners and I was up quite a bit. However, the remaining 14 days were a horror show and I finished the Combine down as much as I had been up at my equity high.

Although I didn’t blow out the Combine, I still failed it badly. This was very depressing for me because it showed me that I was much farther away from becoming a consistently profitable trader than I had been willing to admit to myself.

Despite my poor results (or maybe because of them), it was a very eye-opening experience. It showed me how powerful the Combines can be as a tool for more accurately revealing one’s current state of development, provided the Combine is taken seriously.

I'll provide a link to the posts on my blog relevant to Combine #1 in the Quick Summary section of this thread for anyone interested in the daily details.

Edit - I forgot to mention something else about this Combine:

Once my equity curve had been going downhill for a while I stopped all trading (on day 15) in order to try to figure out what I could do to improve things. I didn't trade again for nearly a month, and finally, when there were only 5 trading days left to complete the Combine, I started trading again. I still hadn't been able to improve on my approach, but I wanted to follow through and complete it.


Here is my final trade report for Combine #1:


"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Follow me on Twitter Started this thread Reply With Quote
The following 3 users say Thank You to AttitudeTrader for this post:
 
(login for full post details)
  #7 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,492 since Jan 2013
Thanks: 49,141 given, 21,791 received


AttitudeTrader View Post
I know that there are a lot of traders here on Big Mike’s that have either been in a TopstepTrader Combine, are currently in a Combine, or are thinking about starting one.

Because I’ve been through a few now, I thought I’d share some of my results.


AttitudeTrader View Post

Despite my poor results (or maybe because of them), it was a very eye-opening experience. It showed me how powerful the Combines can be as a tool for more accurately revealing one’s current state of development, provided the Combine is taken seriously.

Good to see you giving the Combine another shot.

You're absolutely right about it being an eye-opener. You find out where you really are very quickly.

I'll be very interested in following your progress in this one.

Good luck with it.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
(login for full post details)
  #8 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,172 since Sep 2013
Thanks: 10,456 given, 12,608 received

I will be following. I am looking at doing a combine in July, so it is nice to see others experiences.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to tturner86 for this post:
 
(login for full post details)
  #9 (permalink)
 Mtype 
Market Wizard
Hungary
 
Experience: None
 
Mtype's Avatar
 
Posts: 1,316 since Oct 2012
Thanks: 1,428 given, 1,742 received

I've been following your blog for the last few combines or so.

I have to say you are building an awesome base for development in my opinion an your attitude is sound

I would like to ask you about two things though:

When you were posting your T4 fills I noticed that your entries are mostly in the first 15 minutes of the open (if you are in CDT) now i gotta be honest with my question here. Do you prefer that or do you feel a little impatient to wait until the pictures clears a little?

How come your average winning day and largest winning day is smaller than your average losing day and largest losing day? Are you becoming more risk seeking when you are down?

I hope you don't mind that my post isn't all sunshine and rainbows but I wouldn't write to someone whose progress i don't care about and I'm also going through similar challanges.

Best of luck!

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Mtype for this post:
 
(login for full post details)
  #10 (permalink)
 AttitudeTrader 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Broker: IQFeed
Trading: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 867 received



Mtype View Post
I've been following your blog for the last few combines or so.

I have to say you are building an awesome base for development in my opinion an your attitude is sound

Thanks.

Mtype View Post
I would like to ask you about two things though:

When you were posting your T4 fills I noticed that your entries are mostly in the first 15 minutes of the open (if you are in CDT) now i gotta be honest with my question here. Do you prefer that or do you feel a little impatient to wait until the pictures clears a little?

For me, "impatience" would denote difficulty in waiting for a solid setup. While I do become impatient at times, taking most of my trades in the first 15 to 45 minutes of the session is simply a result of setups occurring in that time frame. If I have a setup, I try to take it.

Mtype View Post
How come your average winning day and largest winning day is smaller than your average losing day and largest losing day? Are you becoming more risk seeking when you are down?

This is due to the simple fact that when I have a winning trade, I usually quit for the day, and when I have a losing trade I tend to take another trade to try to recover some or all of the loss from the first trade.

My approach is definitely a work in progress and this way of going about things is probably not the most efficient. I'm already aware of this and I'm working to deal with it as I get more experience and data.

Mtype View Post
I hope you don't mind that my post isn't all sunshine and rainbows but I wouldn't write to someone whose progress i don't care about and I'm also going through similar challanges.

Best of luck!

No problem. Today my trading day was definitely not sunshine and rainbows and consisted of the very things you've pointed out above. They're issues that I'll have to work on as I go forward.

Hope this answers your questions. Good luck to you too.

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Follow me on Twitter Started this thread Reply With Quote
The following 2 users say Thank You to AttitudeTrader for this post:
 
(login for full post details)
  #11 (permalink)
 Mtype 
Market Wizard
Hungary
 
Experience: None
 
Mtype's Avatar
 
Posts: 1,316 since Oct 2012
Thanks: 1,428 given, 1,742 received


AttitudeTrader View Post
Hope this answers your questions. Good luck to you too.

Sure thanks!

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Mtype for this post:
 
(login for full post details)
  #12 (permalink)
 AttitudeTrader 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Broker: IQFeed
Trading: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 867 received

TopstepTrader Combine #2

It was nearly 2 months from the time I was finished with Combine #1 to the start of Combine #2. I took that time to do a ton of studying and market replay work.

For Combine #2 I changed my approach completely and switched from ES to NQ.

Similar to my first Combine, I started my second in a fairly strong way. And interestingly, just like the first Combine, day 6 was the peak of my equity curve. After that I had a tough time and eventually my profits dwindled to a little below my starting equity.

I had begun to doubt my approach and this lead to trading with a lot of fear. So, like I did with my first Combine, I stopped trading to reevaluate.

During that time I studied my approach to try to find a way to improve what I was doing. I really wasn’t able to find a way, but I was running out of time in the Combine. So I started trading again a little over a month later when I had just enough days left to finish.

It had become painfully obvious that I wasn’t going to even come close to passing the Combine, so by the time I started back on Day 15 I had begun plans to simply earn a rollover if I could.

I was fortunate enough to have a few decent days, bring my account back above even, and meet the Winning Day % requirement. Once I had accomplished that, my only remaining objective was to finish the Combine with a profit so I could earn the rollover.

I wanted to finish with +$20 profit (+$1 Average Net P&L), and I did. I also met all the other requirements to earn the rollover. After what I’d been through in this Combine, earning a rollover ended up being a pretty big victory for me.

This Combine once again showed me how far away I was from being able to actually pass one. As hard as it was, I realized that I would need to work toward smaller profit goals first. So I made the decision that for my next Combine I would change my vague goal of just passing, to a more specific, and hopefully achievable, goal of earning a rollover with a $25 Average Net P&L ($500 net profit).

Links to the posts on my blog relevant to Combine #2 can be found in the Quick Summary section of this thread for anyone interested in the daily details.

Here is my final trade report for Combine #2:


"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Follow me on Twitter Started this thread Reply With Quote
The following 6 users say Thank You to AttitudeTrader for this post:
 
(login for full post details)
  #13 (permalink)
 AttitudeTrader 
Dallas, TX, USA
 
Experience: Intermediate
Platform: NinjaTrader, T4
Broker: IQFeed
Trading: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 867 received

TopstepTrader Combine #3

I started Combine #3 about 2 weeks after I finished Combine #2.

My first two Combines showed me that I had a lot of work to do to improve my trading approach/skill.

They also showed me that the goal of passing a Combine was too lofty. So for this one my goal was to earn a rollover with a $25 average net profit ($500 total profit for the 20-day Combine).

I stuck with NQ again for this one.

I traded with quite a bit of fear during this Combine, and I wasn't confident in the approach I was still trying to learn.

Although I didn't do terribly, my daily equity curve was a very up-and-down affair.

As I approached the final days, I knew there was no way to reach my initial goal, so I adjusted it. I wanted to make $1 average net profit and simply earn a rollover.

I was fortunate to get a decent day on day 18 to bring my account back above a slight dip below zero. This allowed me to have small losses on the last two days and finish the Combine with a small (+$25 net) profit.

Earning the rollover was a relief, but I had nagging doubts about the approach I was using and I knew I needed to do something to improve my trading and my attitude about it.

Links to the posts on my blog relevant to Combine #3 can be found in the Quick Summary section of this thread for anyone interested in the daily details.

Here is my final trade report for Combine #3:


"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Follow me on Twitter Started this thread Reply With Quote
The following 4 users say Thank You to AttitudeTrader for this post:


futures io Trading Community Trading Journals > AttitudeTrader's TopstepTrader Combine Journey


Last Updated on September 25, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

NEW BlackBird Features + FOREX Support w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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