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rbars $150K TopStep Combine


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rbars $150K TopStep Combine

  #71 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
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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?

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  #72 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
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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.

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  #73 (permalink)
 
KahunaDog's Avatar
 KahunaDog 
Hawaii at the beach
 
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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.

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  #74 (permalink)
 
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 tradethetick 
Irvine, CA
 
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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.

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  #75 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
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.
.
1 Trade:
1. 1 X +10 ticks (not a typo, wrong ATM - should have been 5 lot)
Total: +$100

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  #76 (permalink)
 
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 Tymbeline 
Leeds UK
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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.

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  #77 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
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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.

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  #78 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
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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.

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  #79 (permalink)
 
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 ratfink 
Birmingham UK
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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.

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  #80 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
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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.

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