rbars $150K TopStep Combine - Trading Journals | futures io social day trading
futures io futures trading


rbars $150K TopStep Combine
Updated: Views / Replies:9,055 / 91
Created: by tradethetick Attachments:4

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 4  
 
Thread Tools Search this Thread
 

rbars $150K TopStep Combine

  #71 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received


Pedro40 View Post
Come on man, as long as you keep the contracts low, you are doing fine. Yesterday you went 10 contracts again and got your second biggest loss. Keep it 3 contracts max. until you make it to positive territory. Or average up when winning....

Even for a $150K combine?

Reply With Quote
 
  #72 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received


tradethetick View Post
Even for a $150K combine?

Depends on the strategy. Apparently that is how it works for OP, it could work differently for others.

At least for the first few trades of the day I would still keep the contract numbers down, just to build cushion.

Reply With Quote
 
  #73 (permalink)
grappling dummy
Hawaii at the beach
 
Futures Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker/Data: S5
Favorite Futures: ES, ZB fine alcohol and muscle cars
 
KahunaDog's Avatar
 
Posts: 476 since Apr 2013
Thanks: 945 given, 345 received



tradethetick View Post
Thank you. I use a 3 - 15 min timeframe. It is a scalping method so the targets are fixed and small, about 5 - 20 ticks. Trades about 2- 5 times a session.

Hey trader.
Your stops from your history seem to be averaging - 20 ticks.
With your wins +5 to 20.
That means your win rate needs to be greater than 50%.

In cL 4 ticks is noise. CL is also a small market where they intentionally run stops on things like 1min or 3min inside bars.
Pump and dump.

CL also averages 50 ticks in 30min and 70ticks in 60 min. More since we are so volatile lately.
If a markets run 70 ticks from the last swing and 50min have passed...
There's nuances in cL. In every market.

Have you ever thought of scaling 80% to keep positive then let a few as a runner?

Good luck trader.

Reply With Quote
The following 2 users say Thank You to KahunaDog for this post:
 
  #74 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received


Pedro40 View Post
Come on man, as long as you keep the contracts low, you are doing fine. Yesterday you went 10 contracts again and got your second biggest loss. Keep it 3 contracts max. until you make it to positive territory. Or average up when winning....

It was actually a typo. It was 5 lots at -20 not 10 lots at -20. Otherwise the loss would have been $2000 not $1000. But I get your point. Thanks.

Reply With Quote
 
  #75 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received

Day 13.2

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

.
.
1 Trade:
1. 1 X +10 ticks (not a typo, wrong ATM - should have been 5 lot)
Total: +$100

Reply With Quote
The following 2 users say Thank You to tradethetick for this post:
 
  #76 (permalink)
Elite Member
Leeds UK
 
Futures Experience: Intermediate
Platform: FXTrade
Broker/Data: Interactive Brokers, CapitalSpreads, Oanda
Favorite Futures: GBP/USD
 
Tymbeline's Avatar
 
Posts: 401 since Apr 2015
Thanks: 894 given, 486 received


tradethetick View Post
Even for a $150K combine?

Yes - very much so.

Excessive position-sizing is the normal reason for traders with a genuine edge and a net profitable method to fail Combines. Not some kind of obscure, unlucky accident: the normal reason.

Reply With Quote
The following 2 users say Thank You to Tymbeline for this post:
 
  #77 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received

I am not going to renew the combine. I am too far in the hole...

Will regroup and try again later.

Thank you for all you encouragement and feedback.

Reply With Quote
The following 3 users say Thank You to tradethetick for this post:
 
  #78 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received

I think you chose the wrong Combine. Beside there is not a real difference between the 100K and the 150K (so you could have saved 50 bucks right there) you should have done the 30K, for a couple of reasons:

1. For the price of a 150K Combine you can try 2.5 30K Combines.
2. You would use less number of contracts. Less temptation to try to score big.
3. The full position to max. DD ratio is much better at 30K, it is 10 times. Your combine had it at 6, so much less wiggle room if you keep trading a full position.
4. Same with the profit target to full position ratio, it is only 10 at 30K but 12 at 150K. Harder to reach it at 150K.

TL: DR; next time choose the 30K Combine, much cheaper and easier to do.

Reply With Quote
The following 4 users say Thank You to Pedro40 for this post:
 
  #79 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received


Pedro40 View Post
I think you chose the wrong Combine. Beside there is not a real difference between the 100K and the 150K (so you could have saved 50 bucks right there) you should have done the 30K, for a couple of reasons:

1. For the price of a 150K Combine you can try 2.5 30K Combines.
2. You would use less number of contracts. Less temptation to try to score big.
3. The full position to max. DD ratio is much better at 30K, it is 10 times. Your combine had it at 6, so much less wiggle room if you keep trading a full position.
4. Same with the profit target to full position ratio, it is only 10 at 30K but 12 at 150K. Harder to reach it at 150K.

TL: DR; next time choose the 30K Combine, much cheaper and easier to do.

Agreed, I chose the 30k for exactly those reasons. I failed it with dumb trading but I'd make the same choice again, if they ever do Fdax.

Travel Well
Reply With Quote
The following user says Thank You to ratfink for this post:
 
  #80 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received



Pedro40 View Post
I think you chose the wrong Combine. Beside there is not a real difference between the 100K and the 150K (so you could have saved 50 bucks right there) you should have done the 30K, for a couple of reasons:

1. For the price of a 150K Combine you can try 2.5 30K Combines.
2. You would use less number of contracts. Less temptation to try to score big.
3. The full position to max. DD ratio is much better at 30K, it is 10 times. Your combine had it at 6, so much less wiggle room if you keep trading a full position.
4. Same with the profit target to full position ratio, it is only 10 at 30K but 12 at 150K. Harder to reach it at 150K.

TL: DR; next time choose the 30K Combine, much cheaper and easier to do.

Would you please clarify numbers 3 and 4. I am not sure what you mean by 10 times vs 6 or 10 at 30K but 12 at 150K?

Thanks.

Reply With Quote

Reply



futures io > > > rbars $150K TopStep Combine

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Daytrader07 TST 10 day 150k Combine daytrader07 Elite Trading Journals 4 November 10th, 2016 04:45 PM
Traderfish 150k 10 day TST Combine TraderFish Elite Trading Journals 3 November 9th, 2016 04:03 PM
Topstep Trader Combine tradethetick Elite Trading Journals 32 April 9th, 2015 12:49 PM
Why no Ninja in TopStep Combine 9baller The Elite Circle 3 March 15th, 2013 04:54 PM


All times are GMT -4. The time now is 01:23 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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
Page generated 2017-12-14 in 0.14 seconds with 20 queries on phoenix via your IP 54.234.255.29