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Futures IO has been a great community has helped me a lot in my Journey to become a Professional Day Trader.
Therefore I will do my best to try to show my method and the lessons learned along my long and often hard and expensive journey.
I have been working on my Combine for several months, and after many account resets I can honestly share with you that I am ready mentally, and have the right skills and systems in place to continue my path to become funded.
Today and until my I get Funded this journal will narrate my daily episodes on trading.
I trade four instruments: Gold (GC), Crude Oil (CL), Nasdaq(NQ) and the 30 Year Bond (ZB)
I have attached the images of my main trades, as you can see my system is very visual:
My Indicators are from different vendors:
BPT - The BPT Renko Bars, Projections Zones of Support and Resistance, Entry
Shark Indicators - My system shows when I get confluence of Direction and Indicatos in 3 time frames
GZT - Volume Zones
And Daily Open, High and Close from the FIO Indicator Database.
I am working on my $100K Combine, so in order to pass the combine I need to generate $6,000 in profits, with two main challenges my daily loss can't go more than $2,000 and my Max Drawdown can't exceed $3,000.
So based on that: My Weekly Goal is to make $2,000 and my daily stop loss should NEVER exceed $700 ... I Trade between 1 and 5 Contracts per Trade, depending on the setup and the instrument.
I am a Scalper, so my trades last from a few seconds to Seven minutes ... I tool me some time to find the Style of Trading that fits my personality ...
CL - The bigger move was before I started Trading, so carefully tried to Scalp ... Flat
NQ - Entered a Few Times but too close to support and the Price Bounced ... Small Loss
ZB - Took a few Scalps based on my System and was Succesful ...
GC - Today's best Instrument was Gold ... I was able to get in and out of a few trades with profit
So Today we finish with $433 on the Positive
Don't want to be greedy and try for more ... Between $300 and $600 per day is plenty to get my Combine passed
AGAIN THE MOST IMPORTANT FACTOR IS ... DAILY MAX LOSS
hi did you encounter any problem of the software when doing the combine? I am hesitate to buy a combine because I 've read some bad reviews about the software not correctly tracking the trades. Thanks and good luck with your combine!
Hi Sabrina ... I have been working on my combine for several months (7) honestly Topstep has a great system and excellent support ... The system is designed to help us reach our goal of becoming better Traders ...
As I mentioned in the Journal ... The hardest part of the Journey to Become Funded is Discipline ... Very simple to understand but hard to do ...
Later on I will post my Trades of the Day ... I have a Max Daily Limit of $600 ... Today I broke my Rule and went from + $200 to Negative $1,200 ... Only to end the day at Minus $255 ....
Thanks for the quick reply, @dralion ! Did you make your own rule, like the max daily limit of 600? Cause I don't see any account on their website has a daily loss limit of 600. Many thanks again.