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My topstep journey for Feb 2021


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My topstep journey for Feb 2021

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  #1 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

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

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  #2 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

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.

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  #3 (permalink)
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
 
Posts: 457 since Jan 2017
Thanks: 17 given, 398 received


Sorry, but I've to ask, do you really trade Silver with 2ticks stop?

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  #4 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

4 ticks. 1:1 risk to reward ratio

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  #5 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

i will post todays trade shortly

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  #6 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Im looking for short at 26.19 and take profit.

If you lose this trade -- take the opposite trade for a good profit run

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  #7 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

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.

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  #8 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
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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.

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  #9 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
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Wish , I stuck to my original thesis . Market did go down and I am sure u guys had a great profit run

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  #10 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received


Made another $50 on the downside.

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  #11 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Made $288 on day 1 , trading from 2 pm to 4pm. Power hour, the most volatile last hour .
Traded just one contract because I am a new trader.

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  #12 (permalink)
Europe
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
 
Posts: 457 since Jan 2017
Thanks: 17 given, 398 received


TraderNeo View Post
Made $288 on day 1 , trading from 2 pm to 4pm. Power hour, the most volatile last hour .
Traded just one contract because I am a new trader.

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?

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  #13 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Sell time in the /ES futures . Made $112.5. , prices may bounce off the MA soon.

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  #14 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
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tr8er View Post
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?

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.

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  #15 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

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.

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  #16 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Oops! I broke a trading rule today. All positions to be closed by 3:10pm.

Damn it! I have to start all over again

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  #17 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

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.

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  #18 (permalink)
Elite_Member
Wiltshire, United Kingdom
 
Experience: Beginner
Trading: US Equity Index Futures
 
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Posts: 954 since Sep 2013
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TraderNeo View Post
Made $1000 today trading one silver contract.

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
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  #19 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Thanks Matt .

So the reset is complete.

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.

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  #20 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Resume posting after my reset.

Silver had a resistance at 50% Fib level (day) on the 1 min chart.
Prices showed weakening and I jumped in for a $100 profit.

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  #21 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
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Here is trade 2.

Prices hit the Gann angle and i forecasted the prices would bounce, and it did

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  #22 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
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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.

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  #23 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Made a trade today.
ES support level 3906
Resistance level 1 = 3953

Good luck trading

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  #24 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Silver is reaching new lows today. See chart. I saw a double dip. be careful. It may bounce or go more down.
Made $741 today on silver

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  #25 (permalink)
piscataway NJ USA
 
 
Posts: 28 since Mar 2017
Thanks: 1 given, 15 received

Silver trade was tricky today. I held on to my proprietary buy/sell signals and made decent profit this morning.. I think silver is bullish today.

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