Hello Everyone,
I am Manmohan. I am a Futures trader with one year experience. Note, I am not a finance pro so follow your own due diligence when investing. I will document my Topstep trades here so I have a chance to win the February 2021 contest. I do eat my own dog food . I will target half hour charts on Silver for those looking for a run and also because it gives time for People to react. Wish me luck as I wish you the same as I embark on my journey.
Thanks,
TraderNeo
The following 3 users say Thank You to TraderNeo for this post:
Silver is buy at 26.51 for $75 profit. I took $50 profit and out. I tried to get in to the trade but was stopped out. It is the game people play to steal your money. Hence I increased my S/L a lot larger than usual. Traders can continue the run at own risk.
I bought and made 4 tick profit. My indicator changed last minute. Also note. I started all over again and using 1 min and 15 minute charts going forward.
Note, market is very choppy now as Silver approaches point of control intraday.
I did not use S/L because of the market conditions.
I think mornings are good to trade . Unfortunately, I do something else then.
just 1 contract I'm not sure if you know that you trade one of the most difficult instruments you can get. Of course I wish you all the best, but why are you trading Silver with such a small account?
The following user says Thank You to tr8er for this post:
Yes, I know it is difficult. I have option to trade upto 3 contracts but because it's silver, I have limited the size to 1 contract.
P.S I have developed a buy/sell signal system which has been backtested and giving awesome entry/exit signals. I am now trading using that system. It works for all assets, Silver, ES, stocks, etc.. I posted my ES trade, I did recently. I was late by few secs , otherwise the profit would have been significant.
The following user says Thank You to TraderNeo for this post:
Very choppy ES future market in the afternoon from 2:20pm. Wish I traded silver or Gold instead. I hate the suspense of the ES.
Luckily no losing trade so far. But what a waste of time.
Made $1000 today trading one silver contract. Now about $500 from being funded. Wow in 2 days. Unfortunately, I don't qualify to be funded because I kept the SP 500 futures short overnight. WTF at top we all pros short don't we lol.
I will resume posting after paying them a fee of $100 for breaking the rule.
The following 3 users say Thank You to TraderNeo for this post:
Annoying mess up on the ES trade but good job on the silver trade.
It's your journal but just posting how much you make or lose each day isn't a particularly helpful read.
As you are posting charts you could switch on the trade markers and actually show the trades, or describe why you took the trades, what you did well, did poorly, lessons learnt and so on. Or not. Either way, good luck for when you reset the account.
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
The following 4 users say Thank You to matthew28 for this post:
My trade plan today is to jump in on the trade when market open as silver goes down. Intermediate /long term strategy is buy lows and sell highs once a new low in weeks has been reached. ES will go down as market opens.
The following user says Thank You to TraderNeo for this post:
Getting good at this. Today's trade for /ES was easy. prices were closing below my custom 8 day MA beautifully and I took a trade for $50 with 1 contract on the same candlebar as shown. Prices could bounce at mean reverting yellow line 3907 so be careful.