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This is an awesome idea! This would certainly elevate things to the level of "You are an &*#@!^ing idiot if you trade outside of permitted hours." And I am sure that ANY desired behavior could be monitored -- and violations punished the same way.
But is not the goal in all trading (if not all of life!) is to become AUTO-Disciplined? LOL
And thanks to you Carpet Hooligan, I just had a major epiphany. Thanks so much!
Since this thread is my own journal, I just realized that I can utilize the scrutinous eyeballs of other thoughtful FIO members such as yourself to help me reach my desired trading behaviors. I can simply add a few columns to the daily spreadsheet that I already post weekly, and honestly track the results of the the things I am struggling with the most.
These are the first four:
(1) Did I trade only during New York Regular Trading Hours?
(2) Did I place an emergency stop on 100% of my trades?
(3) Notwithstanding the stop, did I scratch immediately if I determined the trade was going against me?
(4) What was the actual largest negative excursion?
I know that I have cheated on my trading rules for many years, and that is why I am still a beginner.
In doing my best to follow my goals and posting the results here for all to see, I am fearful that my win rate may drop precipitously, but perhaps I will be pleasantly surprised with an increase in overall profits. Is it finally time for my win rate to be sacrificed on the altar of profitability? Yes. The problem with most traders is that their need to be "right" outstrips their desire to make money. It is time for a change for me. The Holy Grail of Trading is DISCIPLINE and Discipline = $$$.
Congratulations on your success so far with OneUp.
With Topstep , once you are funded, you have to pay the Professional rate for Data feeds for each CME/CBOT market.
Is this the same with OneUp ?
If you dont have the financial licence papers, how can you be classified a professional? If it is about managing other people's money... well then idk what to say really.
If you are trading someone else's money and are signing up for TST that indicates a logic disconnect somewhere A trader is considered pro when they trade as part of an LLC, for example, because it allows multiple people to then trade the account as part of the company. They need to sign as that company if they want to later direct taxes and loss deductions against it as well.
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We trade using Al Brooks Price Action and record our entries/exits in public for accountability.