Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Quite an eventful day compared with yesterday. I adjusted my ATM strategies, and I like the results better compared to what I've had to last few days, but it was not quick enough to cut losers or too quick on profit during the high volatility of FOMC minutes and NVDA earnings.
I will adjust and have a dedicated setup for these plays next time that I can evaluate
5/27 Holiday - enjoyed life and took no trades and looked at no charts
5/28
Feeling refreshed from the 3 day weekend, took a stab at trying to let some plays work out longer, but each time it seemed my initial target was right at resistance and I didnt want to let it go against me. Rode some of the squeeze near the end of the day, and took a quick profit also not wanting to risk losing a good day.
Overall I'd rate my trading a 5/10 - happy with profits but trades could have been better. I took good profits, but could have held for more on almost every occasion. I was early on about half of these trades and while I don't expect to get it right 100% of the time I do want to wait a little bit more to see if the move continues. My hesitation to do so this week is coming from the scar of loses from last week and not wanting to lose again today.
After a nice relaxing weekend in Texas for a wedding, I flew back yesterday for a decent trading day. My flight was canceled and connecting severely delayed so I took advantage and traded in the airport, even connected with a guy next to me who was day trading Chewy stock.
I was quite happy with how well the day went, and it felt like I kicked my bad habbits and was back in the drivers seat - everything just seemed to click
Busy day in the office today for me meant less trading. I was mostly scalping the open for $75 moves on NQ. Tried to let a few runners go but was quickly stopped out. Just didn't feel like risking any profit on a rather poor day so I stepped away after that. Also tried some MOC and final candle moves for a few more points of quick scalps
Been trading less as I enjoyed the last bit of Summer in SoCal in August and September. June was my last big trading month and I had a large drawdown in my personal account. I decided to refocus my attention to my TopStep simulation evaluation funding accounts, to rehone my skills. The drawdown was caused by a much too rapid increase in contract sizing, due to the compounding nature that profits in a real account have on your contract sizing ability. My win rate was remaining the same, but with larger sizing I just wasnt used to quick affect a red trade had on my p/l. It was a tough lesson and pill to swallow, but I'm still here and willing to learn from it.
I'm going to be sharing my TopStepX account information for these future trades. TopStepX is a custom platform for TopStep customers (as an alternative option to Tradovate, Ninja, SierraChart, etc.). I chose it because it had no commissions, good pricing on level 2 full market order, and works well on mobile and ipad. I still use Tradovate for my personal trades. I created a thread on TSX if you have any questions or want to know more
Wanted to create a thread to discuss the new platform that online simulation proprietary trading firm TopStep just released this week called TopStepX.
This is custom built trading platform that is designed and coded by white label service company TopStep …
Sept 23
Kept the trading small, and focused on getting to at least $200 for the day (the min required to be considered a day by TopStep for payout status). Stuck to mostly scalping, and interesting in returning to longer plays once I build up a bigger account size.
Woke up for the market open (which can sometimes be a feat in itself being on the west coast, 630am trading is tough) and made back some losses from the previous night. Taking a early lunch and will be back for the power hour and market close
Mostly scalping with micros, with an accidental mini scalp during Globex on 9/23 which caused some drawdown. I'm not able to show trade execution on the chart, which would be ideal, but included the execution table for those curious