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A 2nd entry short occured however I passed up the entry because on my tick chart I had a green bar (doji) and it is to close to the open. Price did reach my T1 target but appears to be reversing now at open.
I have to go take my wife to work so I am going to call it a day and get to the gym early. Have a great trading day all!
BoltTrader
Phoenix + AZ/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831
I just received an email from Scouting at TopStep Trader saying that the equity partner is prepared to provide me with a funded account pending my performance in Live Trader Preparation. They allowed me to choose the start date for the Live Trader Preparation. I selected next Tuesday, February 17th because of the holiday on Monday.
I hope when its time I don't need to go through LTP.
I can trade 5 lot but I desided that position size is 1 lot
and I dont add to the position even if daily profits are above + 500
That are your LTP rules ?
BoltTrader
Phoenix + AZ/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
Thanks Received: 831
No you follow the funded trader scaling plan for the size Combine you were in. Here is the link for you to look at how it works:
TST will put me through LTP because I have not scaled in COMBINE
By scaling plan I shoud use 5 lot today but my stop is apporx 20 ticks
One trade and I blow up daily loss limit.
Scalpingtrader
Hanover, Germany
Legendary Amateur Trader
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 1,945 since Apr 2014
Thanks Given: 3,144
Thanks Received: 5,147
there is no "should" in position size with tst.
there is only a "can" - and @TopstepTrader themselves said repeatedly that they like when people don't leverage up as big as possible.
And from what I can read elsewhere on futures.io (formerly BMT), Live trader prep is more or less mandatory, no matter how you traded your combine.
Missed early entries Long on the move up. Hesitated on entering Long. So I jumped in early on this 1st entry short. Easily good have taken +16 on this one. While doing everything for this journal entry I missed the 2nd entry short. No problems more setups will come.