NexusFi: Find Your Edge


Home Menu

 





TopStepTrader Funded Trader goal advice


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one Esko with 6 posts (1 thanks)
    2. looks_two gdplus1 with 3 posts (0 thanks)
    3. looks_3 rleplae with 3 posts (2 thanks)
    4. looks_4 lchomes with 1 posts (0 thanks)
      Best Posters
    1. looks_one SBtrader82 with 3 thanks per post
    2. looks_two matthew28 with 2 thanks per post
    3. looks_3 rleplae with 0.7 thanks per post
    4. looks_4 Esko with 0.2 thanks per post
    1. trending_up 6,329 views
    2. thumb_up 8 thanks given
    3. group 8 followers
    1. forum 16 posts
    2. attach_file 2 attachments




 
Search this Thread

TopStepTrader Funded Trader goal advice

  #1 (permalink)
Esko
New York, NY
 
Posts: 6 since Sep 2017
Thanks Given: 3
Thanks Received: 1

Hello everyone,

Very happy I discovered this forum after having it recommended to me from another place.

I recently signed up for Top Step Trader and plan to do the combine starting next week.


I nearly made the required $9k in the practice account and hope to do it with the combine next.

For you experienced futures traders. Can you give me any advice on when when to stop trading? I sometimes get a bit overboard as you can see in the screen shot with the fees. When do you feel contempt with the day? When do you decide to stop trading?

Do you guys think I'm ready for the real thing looking at my past couple of days performance?

Any advice is much appreciated.

Attached Thumbnails
Click image for larger version

Name:	IMG_1513.PNG
Views:	700
Size:	153.0 KB
ID:	241175  
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Better Renko Gaps
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
How to apply profiles
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Just another trading journal: PA, Wyckoff & Trends
36 thanks
Spoo-nalysis ES e-mini futures S&P 500
24 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
19 thanks
GFIs1 1 DAX trade per day journal
16 thanks
  #3 (permalink)
 
rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
Legendary Market Wizard
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 3,003 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,863


That looks a very nice result
If you can control the drawdown like you do, you are on a straight line to the finish

Good luck !

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
Esko
New York, NY
 
Posts: 6 since Sep 2017
Thanks Given: 3
Thanks Received: 1


rleplae View Post
That looks a very nice result
If you can control the drawdown like you do, you are on a straight line to the finish

Good luck !

thank you, definitely gotta stay disciplined.

Reply With Quote
  #5 (permalink)
 
gdplus1's Avatar
 gdplus1 
Chicago
 
Experience: Intermediate
Platform: NinjaTrader, MBTDesktop
Broker: Manduca/Rithmic, MBTrading.com, e-futures
Trading: ES NG
Posts: 40 since Dec 2009
Thanks Given: 96
Thanks Received: 31


Esko View Post
Hello everyone,

Very happy I discovered this forum after having it recommended to me from another place.

I recently signed up for Top Step Trader and plan to do the combine starting next week.


I nearly made the required $9k in the practice account and hope to do it with the combine next.

For you experienced futures traders. Can you give me any advice on when when to stop trading? I sometimes get a bit overboard as you can see in the screen shot with the fees. When do you feel contempt with the day? When do you decide to stop trading?

Do you guys think I'm ready for the real thing looking at my past couple of days performance?

Any advice is much appreciated.

Esko, Welcome to the forum!

Looking at your practice account performance i.e., taking 408 trades and making $9K profit in 2 days of trading, I am assuming that you may not have reviewed and/or followed Combine rules/guidelines. Please review the Combine and FTP rules so that you do not violate unintentionally going forward.

To meet profit target on a practice account is easy but to successfully complete a combine account is very difficult.

Open a futures trading account with a $1000 deposit and Look for consistent profits on practice or sim account and prepare for meeting combine objective. It takes lot of time and effort.

Please practice trading with your chosen methodology for a few months to a year and evaluate if you are ready to enter a combine.

Good Luck!

Visit my NexusFi Trade Journal Reply With Quote
  #6 (permalink)
Esko
New York, NY
 
Posts: 6 since Sep 2017
Thanks Given: 3
Thanks Received: 1


gdplus1 View Post
Esko, Welcome to the forum!

Looking at your practice account performance i.e., taking 408 trades and making $9K profit in 2 days of trading, I am assuming that you may not have reviewed and/or followed Combine rules/guidelines. Please review the Combine and FTP rules so that you do not violate unintentionally going forward.

To meet profit target on a practice account is easy but to successfully complete a combine account is very difficult.

Open a futures trading account with a $1000 deposit and Look for consistent profits on practice or sim account and prepare for meeting combine objective. It takes lot of time and effort.

Please practice trading with your chosen methodology for a few months to a year and evaluate if you are ready to enter a combine.

Good Luck!

Thank you gdplus1, as far as I know the practice and combine have the same rules so if I broke a rule it would show. And I was never told anything about a limit of how much you can trade per day, as long as you're making money does it matter?

Reply With Quote
  #7 (permalink)
 
gdplus1's Avatar
 gdplus1 
Chicago
 
Experience: Intermediate
Platform: NinjaTrader, MBTDesktop
Broker: Manduca/Rithmic, MBTrading.com, e-futures
Trading: ES NG
Posts: 40 since Dec 2009
Thanks Given: 96
Thanks Received: 31


Esko View Post
Thank you gdplus1, as far as I know the practice and combine have the same rules so if I broke a rule it would show. And I was never told anything about a limit of how much you can trade per day, as long as you're making money does it matter?

Esko,

If anyone violates FTP rules, they have to pass the combine again. Please use the FTP rules while practice trading.

Also, remember that If anyone breaks a rule, they have to pay a combine reset fee of $100 besides the $375 per Monthly price billed until you cancel your subscription.

Good Luck!

Visit my NexusFi Trade Journal Reply With Quote
  #8 (permalink)
Esko
New York, NY
 
Posts: 6 since Sep 2017
Thanks Given: 3
Thanks Received: 1


gdplus1 View Post
Esko,

If anyone violates FTP rules, they have to pass the combine again. Please use the FTP rules while practice trading.

Also, remember that If anyone breaks a rule, they have to pay a combine reset fee of $100 besides the $375 per Monthly price billed until you cancel your subscription.

Good Luck!

I'm still a little unsure of which rule you think I broke? I looked at all the FTP rules and my reading fit in with what the rules are

Reply With Quote
  #9 (permalink)
 
rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
Legendary Market Wizard
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 3,003 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,863


Esko View Post
I'm still a little unsure of which rule you think I broke? I looked at all the FTP rules and my reading fit in with what the rules are

how many contracts did you trade simultaneously ?

1) In the FTP for a 150K you need to apply a scaling plan, which starts with 3 contracts
did you apply that rule ?

2) In the FTP you are not allowed to trade/have open position during news release

etc...

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #10 (permalink)
Esko
New York, NY
 
Posts: 6 since Sep 2017
Thanks Given: 3
Thanks Received: 1



rleplae View Post
how many contracts did you trade simultaneously ?

1) In the FTP for a 150K you need to apply a scaling plan, which starts with 3 contracts
did you apply that rule ?

2) In the FTP you are not allowed to trade/have open position during news release

etc...

I scaled in different increments, sometimes 3, sometimes 4, sometimes 5. A few times held 15 contracts, once in in the trader preparation for funded account if they want me to go in 3 contract increments I will

Reply With Quote




Last Updated on February 14, 2019


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts