Zendina's Topstep Trader TST Combine Journal - futures io
futures io



Zendina's Topstep Trader TST Combine Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one tturner86 with 4 posts (6 thanks)
    2. looks_two Pedro40 with 2 posts (0 thanks)
    3. looks_3 ZENDINA with 2 posts (3 thanks)
    4. looks_4 Turveyd with 2 posts (0 thanks)
      Best Posters
    1. looks_one DarkPoolTrading with 5 thanks per post
    2. looks_two Scalpingtrader with 4 thanks per post
    3. looks_3 Big Mike with 3 thanks per post
    4. looks_4 tturner86 with 1.5 thanks per post
    1. trending_up 3,633 views
    2. thumb_up 23 thanks given
    3. group 8 followers
    1. forum 15 posts
    2. attach_file 2 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
 

Zendina's Topstep Trader TST Combine Journal

(login for full post details)
  #1 (permalink)
 ZENDINA 
sacramento, ca
 
Experience: Intermediate
Platform: ninjatrader
Trading: ES and CL futures contracts
 
Posts: 13 since Jan 2011
Thanks: 11 given, 19 received

Hi Everyone,

I started my first Combine with Topstep Trader 2 days ago and would like to share my journey. Any insights are very much appreciated. I signed up for the 150K account. I am trading 10 contracts of the ES contract. So far, my results are:

Day 1- $150 profit
Day 2- $500 profit

I need to have at least $9000 in profits to pass the combine with 8 more trading days to complete. I must finish it by July 9. This is my first combine, and my goal is, of course, to pass it. I was good at taking very small losses when order flow no longer supported the trades, however, I also cut some of my profits short, leading to less profit. I will be working on that these next few days. I do have a good, solid plan that is consistently profitable.

Attached Thumbnails
Click image for larger version

Name:	6-15-14.png
Views:	121
Size:	34.6 KB
ID:	149105  
Started this thread Reply With Quote

 
Best Threads (Most Thanked)
in the last 7 days on futures io
How much do you know about Bitcoin?
129 thanks
I finally blew up an account
42 thanks
The Crude Dude Oil Trading System
33 thanks
Big Mike in Ecuador
30 thanks
Spoo-nalysis ES e-mini futures S&P 500
27 thanks
 
(login for full post details)
  #3 (permalink)
 ZENDINA 
sacramento, ca
 
Experience: Intermediate
Platform: ninjatrader
Trading: ES and CL futures contracts
 
Posts: 13 since Jan 2011
Thanks: 11 given, 19 received


Just finished my 3rd day of 10 days total of the combine. I was +$650. Total profit for the 3 days is $1300. I made 2 trades this morning. One was breakeven and the other was +$750, so after commisssions, it is up $650 for the day. I watched the chop in the afternoon, but did not want to enter the market because it was too sloppy. I will not be trading tomorrow (Wednesday) because it is "Fed Day" and will resume trading on Thursday.


Started this thread Reply With Quote
The following 3 users say Thank You to ZENDINA for this post:
 
(login for full post details)
  #4 (permalink)
 BenG 
London/UK
 
Experience: Intermediate
Platform: NT7 and MT4
Trading: Dax, ES, FX, Gold and Oil but what Bund and Bobl also.
 
BenG's Avatar
 
Posts: 106 since Jul 2012
Thanks: 108 given, 126 received

Best of luck Zedina

Don't let money control you, control money!
Reply With Quote
The following user says Thank You to BenG for this post:
 
(login for full post details)
  #5 (permalink)
TraderNY
Flushing, NY
 
 
Posts: 8 since Dec 2013
Thanks: 3 given, 0 received

A profit target of $9,000 means 18 points at 10 contracts in 10 days excluding commissions. The positive start to your days means at least you could only have 3 out of the next 7 days be a winning day and you're still at 60%.

Although the % gain is the same for all combines except the 30k version (ex. $9,000/$150,000 is 6% which is the same as 6k/100k), I still think you end up putting more pressure on yourself to trader larger lots.

That being said, I don't know your trading strategy....

Just my thoughts but best of luck!

Reply With Quote
 
(login for full post details)
  #6 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 377 received

Update?

Reply With Quote
 
(login for full post details)
  #7 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received


TraderNY View Post
A profit target of $9,000 means 18 points at 10 contracts in 10 days excluding commissions. The positive start to your days means at least you could only have 3 out of the next 7 days be a winning day and you're still at 60%.

Although the % gain is the same for all combines except the 30k version (ex. $9,000/$150,000 is 6% which is the same as 6k/100k), I still think you end up putting more pressure on yourself to trader larger lots.

That being said, I don't know your trading strategy....

Just my thoughts but best of luck!

It's demo money, you don't get anything for falling short ( most likely ) so slap it to 15!

Reply With Quote
 
(login for full post details)
  #8 (permalink)
 DarkPoolTrading 
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,321 received


Turveyd View Post
It's demo money, you don't get anything for falling short ( most likely ) so slap it to 15!

Bad advice. Amateur gambler mentality.

Trade smaller. Focus on risk first. Let the profits come naturally as a result of reduced risk and positive R:R. It doesn't matter if it's 'demo money' or not. The combine is about learning good trading habits and trading in a way that will be sustainable should you pass it. Trading full size out the gate achieves none of this.

Diversification is the only free lunch
Follow me on Twitter Reply With Quote
The following 5 users say Thank You to DarkPoolTrading for this post:
 
(login for full post details)
  #9 (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


Turveyd View Post
It's demo money, you don't get anything for falling short ( most likely ) so slap it to 15!

Really? What kind of advice is this? The reason people have trouble trading is they treat sim and live differently. They play around in sim and slap it to 15! The only way you will receive any benefit from sim trading is to trade the way you would live. Work on building good habits and focusing on risk, mind, and executing.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to tturner86 for this post:
 
(login for full post details)
  #10 (permalink)
 Scalpingtrader 
Hanover, Germany
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
Scalpingtrader's Avatar
 
Posts: 1,868 since Apr 2014
Thanks: 3,024 given, 4,833 received



Turveyd View Post
It's demo money, you don't get anything for falling short ( most likely ) so slap it to 15!

Dont get the following wrong, I don't intend to mentor & have only the best intentions. However:

This quote along other posts of yours somehow make me doubt, that your current attitude is suited for taking trading for what it is - a risk management job.

You don't even bother investigating properly into the Combine structure of TsT yet consider doing one yourself. (Apparently for all the wrong reasons, I would want to add..) Mike gave you hints and advice towards a possible shift in focus several times now but you seem to just go over those posts as if they aren't of any value. You rather dive in and "but" your way out.

Maybe you should really take a combine. I am 100% sure that you will fail the first one (so did I) and completely blow it.
But then again this might help you to view trading from the risk-side for the first time. Then you could possibly understand how NOBODY would give their money to someone who "slaps it to 15" or has losses as high as 11% - no matter the return%, cause eventually the account will be crashed.

If you really are serious about trading, then I challenge you to:

# take a combine
# make it a custom combine with more time for the profit target (eg 20 instead of 10 days)
# journal about it and
# don't hide the end result from futures.io (formerly BMT), no matter the outcome
# make it the smallest combine available, to prove me that this is NOT just for making money to you

Of course you don't need to prove me or anyone anything. If however you think what I wrote above regarding your 'qualification' for trading is bull*** then again I encourage you to show it to me in a TST combine and post your first day and the funding qualification after the last day somewhere here on futures.io (formerly BMT) so that I can feel bad about this post.

Anyhow, who am I to post this...

All the best to you, I really hope you make it.
ST

Reply With Quote
The following 4 users say Thank You to Scalpingtrader for this post:
 
(login for full post details)
  #11 (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: 49,156 given, 21,795 received


TraderNY View Post
Although the % gain is the same for all combines except the 30k version (ex. $9,000/$150,000 is 6% which is the same as 6k/100k), I still think you end up putting more pressure on yourself to trader larger lots.


Turveyd View Post
It's demo money, you don't get anything for falling short ( most likely ) so slap it to 15!

A lot of good thoughts have been posted here, and I don't want to jump on anyone.

But here's something about trading larger lots: I have heard Michael Patak of TsT say many times that a trader has to learn to trade one lot before trading two, and then has to learn to trade two before three, and so on, and eventually they can handle more size. It's a matter of maturing in your ability to manage risk, and is part of a trader's development.

I have read @Big Mike, somewhere on futures.io (formerly BMT), say that he used to think that the way to success would just be to add zeros to the number of contracts traded... and that he found that it was not the same at all.

Starting a Combine with a larger contract size than what you have actually grown into is a good way to blow it in a few days. (Good way to blow an account, too.)

Bigger trades means more actual risk, more psychological pressure, more bumping up against the limitations that you haven't dealt with yet, and more opportunity to go too far, beyond your actual maturity as a trader.

(And this is not preaching.... it's rueful experience .)

Just some thoughts, well meant. Hope you can find something of value in them.

All the best to @ZENDINA and to @Turveyd. Hope things go well for you.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #12 (permalink)
Turveyd
Birmingham UK
 
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received


tturner86 View Post
Really? What kind of advice is this? The reason people have trouble trading is they treat sim and live differently. They play around in sim and slap it to 15! The only way you will receive any benefit from sim trading is to trade the way you would live. Work on building good habits and focusing on risk, mind, and executing.

Well, it's about his ownly chance of hitting his profit target at this point ( read a few recently so don't quote me on that )

Obviously, your Max Day Loss and SL size and Contract value per pip drive your lot size.

I find I trade better, when I focus on the profit than the risk side, think too much about that and you'll never place a trade ever ( well I don't )

It's also worth noting, when in you've still got the same targets and risk management issues to worry about, so you need to be able to repeat long term.

* slightly easier after profit target #1 hit maybe!

Reply With Quote
 
(login for full post details)
  #13 (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


Turveyd View Post
Well, it's about his ownly chance of hitting his profit target at this point ( read a few recently so don't quote me on that )

Obviously, your Max Day Loss and SL size and Contract value per pip drive your lot size.

I find I trade better, when I focus on the profit than the risk side, think too much about that and you'll never place a trade ever ( well I don't )

It's also worth noting, when in you've still got the same targets and risk management issues to worry about, so you need to be able to repeat long term.

* slightly easier after profit target #1 hit maybe!

If he trades 15 cars that is outside the rules and he fails immediately. All he has to do is finish the combine net positive, complete the other goals and he can roll over to a new combine.

And to address your other comment. If you are focusing on the profit then you are looking backwards. Remember novice traders look at profit and how much money they can make where professional traders focus on protecting their capital. Professionals always take money from the novice. You are like a person who is looking at a horse and a buggie. By focusing on the buggie (profit), you are failing to realize that the horse (risk) is what is moving you along. You are also failing to realize that position sizing is set on your account size and risk tolerance.

Risk defines everything. Without risk there is no way to compare your profit. You could make $1000000 this year, but if you risked $1500000 to do so then you are not being efficient and in the long run will lose.

**Also if you can't successfully trade 1 lot you have no business trading 5, 10, or more lots.

Position sizing is like the speed in a car, if you can't drive the car then increasing the speed of the car isn't going to help. And in fact will cause you more issues.

People focus too much on the SL and how it affects whether they can take 1 or 20 trades a day. One of the best ways to control risk is to control the number of trades a day. When you are increasing your position size you should look to take less trades, but for more potential profit. This balancing act allows you to reduce the potential risk of taking multiple trades and allows your trade to be more efficient.
@Turveyd please respond in your thread.


@Big Mike, no problem and I apologize for detouring Zedina's thread.

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)
  #14 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,094 since Jun 2009
Thanks: 32,558 given, 98,593 received

Moderator Notice
Moderator Notice



Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #15 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 377 received

Some of us like closures, so is it safe to assume that she blew the Combine?

Or she might be down with the flu. One way or the other...

Reply With Quote
 
(login for full post details)
  #16 (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


Pedro40 View Post
Some of us like closures, so is it safe to assume that she blew the Combine?

Or she might be down with the flu. One way or the other...

Lack of updates makes one wonder. Just hope it is a blown combine and nothing more serious.

Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > Zendina's Topstep Trader TST Combine Journal


Last Updated on July 10, 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