Recent content by ian23

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    Top Step Trader?

    Hi, yes I trade full time with them. I had to repeat the combine because I lost money and got down close to my max draw down on the 50k which is 2k The thing is once live you don't have any time limit to make any profit goals and from my experience they don't give you much hassle as long as...
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    Top Step Trader?

    Well guys, I am funded with them. Been funded with them twice before but due to bad trading on my part lost those accounts. Got funded again with them, did not have to make up any losses, have not paid for any combines or anything. The fact of the matter is this, if you can trade good enough to...
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    How good are you at trading - just be honest

    Wow. Well Doomberg you have a very long road ahead of you. Stop trading real money. First you must get yourself under control, you need help to do that. Sign up with topstep trader or index elite or any of these type firms so that you can learn to keep to daily draw downs and stop losses. It is...
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    Daytraders - How many trades do you place?

    It depends if I am working range action or riding a trend, with a trend I can do with about 3 trades but working the range I often do about 10 to 15.
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    Have I entered the elite 5 percent?

    Depends on what you are trading. In futures you go for 1 or 2 % on the day but you can't just scale up, once you are up a certain dollar amount you can start adding 1 contract to the size you trade. With individual stocks I guess it is different, but I would suggest anybody break their trading...
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    Patak's Trading Partners/Topstep Traders

    OK it is $5 round trip on a contract, expensive yes. The platform is free, data is free, squawk box and news free, chat room free, lots of classes and webinars free, market therapy sessions free. If you meet the performance requirements and have a net Pl above $0 at the end of your combine you...
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    Patak's Trading Partners/Topstep Traders

    I just don't know how you will be able to be a great trader one day if you can't handle a loss. So you did a couple of combines but did not manage to get a roll over. Why is that? I mean to get your money refunded or a free combine all you need to do is follow the process goals and have an...
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    stop loss. why????

    Stop loss, Why? Well because the market perception may change before it gets to your target. I for one will not want to be short FTSE right now with real money on the line. Who wants to sit through this rally with a short on?
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    stop loss. why????

    OH dear, I thought you were doing my 100k stock trading theory, but it seems you are looking to blow out your account. Just out of interest, how much will you let the FTSE go against you before you will realize the loss. Or will you just hold it until your account goes to zero if the FTSE...
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    stop loss. why????

    I think it all depends on what you trade and what you are willing to risk. Say you are trading a 100k account, trading stocks. Have 20 penny stocks each to the value of 5k. You can get away with no stops as you are willing to risk any one position going to zero and losing the 5k. If you trade...
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    Patak's Trading Partners/Topstep Traders

    Unrealistic targets? $250 a day with buying power of 5 lots and a $1000 daily stop loss. If you ask me the stop loss per day should be much smaller and they should have you trading no more than 2 contracts at any given time. More people will be able to pass it then. If you trade Gold or Oil or...
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    Ian's Day Trading Journal

    So not what I had in mind for the first day. Got in at a good level in the morning but took profits off too early thinking the action will start when the pits open. Well it did not and I failed to capitalize on the little range that was going on the whole way through the US session. At some...
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    Ian's Day Trading Journal

    Will be doing another combine @ topsteptrader. This time on the 30 year bonds. 10 days with profit objective of $3500. Account parameters are $1000 daily stop loss with 5 contracts buying power. I do not intent to use either of them. Game plan: 1. Trade small 2. Trade well 3. Get the account...
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    Psychology Managing Emotions While Trading

    For emotions in trading i can offer this: Trade the right size, if risk to much you will be over emotional and cant think straight and we all know what happens when you risked too much and the market goes against you. Do not risk to little either cause you may feel unconcerned if the market...
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    Revisiting 'Price Action'

    I have to be anticipating and searching for clues. Aren't we trying to anticipate how "smart money" will run the stops in the thread and where they will take the market to? Don't these conclusions lead us to clues about probable market action in the near future? Don't we want to try and...
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