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rbars $150K TopStep Combine


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rbars $150K TopStep Combine

  #51 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
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bobwest View Post
@tradethetick, just want to say that you are not alone here.... Been there, done that.

I hope you can make your current experience turn out to be a good learning opportunity. Keep plugging. Many here will be willing to help, where they can.

Bob.

Thanks Bob. Nice thing about TopStep is that there is no hiding. No Monday morning quarterbacking. Thanks for the moral support!

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  #52 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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tradethetick View Post
Thanks Bob. Nice thing about TopStep is that there is no hiding.

Ain't that the truth!

Bob.

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  #53 (permalink)
 HoopyTrading 
Boston, MA
 
Posts: 264 since Apr 2014



bobwest View Post
@HoopyTrading, he probably has figured out that things aren't going so well now, and probably doesn't need you to tell him so. In fact, he probably could use some useful advice, or at least some encouragement that progress is possible. Not just some guy putting him down. We don't really do that here.

Is there a point to this kind of post? I can't see what it is. Can you provide something constructive?

Bob.


My constructive comment was to be inferred in my previous post. Rather than hope a trade works in a certain direction and hope it doesn't hit a stop, set a target and stick to it. Heck, I have been and also go down this road...The win:loss ratio is great. But if the wins are piddly but the losses great, and you wind up negative in the end, then the ratio is bunk.

If you pull the trigger on 10 contracts, why hope the trade goes 10 ticks? Rather, try to make $200 on the trade. That means you only need 3 or 4 ticks gain to reach the goal, after expenses. I cannot see how people can trade without a target to be hit. Lest you are just buying to hold and praying the stop does not get hit and seeing how far the trade will go over X amount of time. It is risky and counter-productive, because mental fatigue will come into play and you'll wind up pulling in the stop and taking a loss on every trade.

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  #54 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
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You only have to cut size until you get a little profit cushion. So let's say you made 1-1.5K you can go back to your original size, and if you lose from there, you cut again. This way you can keep yourself in the Combine longer and it will cost you less.

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  #55 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
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.
.
1 Trade:
1. 10 X +5 ticks
Total: +$500

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  #56 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
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Thanks Received: 374


.
.
3 Trades:
1. 4 X 0 ticks
2. 4 X -3 ticks
3. 5 X +10 ticks
Total: +$380

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  #57 (permalink)
 options 
toronto
 
Experience: Advanced
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Trading: options
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its all mental , you need to get motivated . Dont give up .

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  #58 (permalink)
 options 
toronto
 
Experience: Advanced
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Trading: options
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you made an important step forward by posting your loosing trades here and it will make you trades more accountable .

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  #59 (permalink)
 options 
toronto
 
Experience: Advanced
Platform: TOS
Trading: options
Posts: 64 since Mar 2013
Thanks Given: 55
Thanks Received: 57

for me a big motivation lately were this videos from you tube , just amazing trading
[yt]https://www.youtube.com/channel/UCbD0Mp_K0eyLos76qk_dfZw/videos?view=0&shelf_id=0&sort=dd[/yt]

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  #60 (permalink)
 HoopyTrading 
Boston, MA
 
Posts: 264 since Apr 2014


The fees and commish don't seem to jive with live. From what I can tell based on my own manifests and those of other live traders, normal RT costs total ~$4.30 per contract. Be conservative and round it to $5 bux per.

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