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My topstep journey for Feb 2021


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My topstep journey for Feb 2021

  #11 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15

Made $288 on day 1 , trading from 2 pm to 4pm. Power hour, the most volatile last hour .
Traded just one contract because I am a new trader.

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Can you help answer these questions
from other members on NexusFi?
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  #12 (permalink)
 tr8er 
Europe
Legendary Market Wizard
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
Posts: 704 since Jan 2017
Thanks Given: 220
Thanks Received: 709


TraderNeo View Post
Made $288 on day 1 , trading from 2 pm to 4pm. Power hour, the most volatile last hour .
Traded just one contract because I am a new trader.

just 1 contract I'm not sure if you know that you trade one of the most difficult instruments you can get. Of course I wish you all the best, but why are you trading Silver with such a small account?

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  #13 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15


Sell time in the /ES futures . Made $112.5. , prices may bounce off the MA soon.

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  #14 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15


tr8er View Post
just 1 contract I'm not sure if you know that you trade one of the most difficult instruments you can get. Of course I wish you all the best, but why are you trading Silver with such a small account?

Yes, I know it is difficult. I have option to trade upto 3 contracts but because it's silver, I have limited the size to 1 contract.

P.S I have developed a buy/sell signal system which has been backtested and giving awesome entry/exit signals. I am now trading using that system. It works for all assets, Silver, ES, stocks, etc.. I posted my ES trade, I did recently. I was late by few secs , otherwise the profit would have been significant.

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  #15 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15

Very choppy ES future market in the afternoon from 2:20pm. Wish I traded silver or Gold instead. I hate the suspense of the ES.
Luckily no losing trade so far. But what a waste of time.

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  #16 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15

Oops! I broke a trading rule today. All positions to be closed by 3:10pm.

Damn it! I have to start all over again

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  #17 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15

Made $1000 today trading one silver contract. Now about $500 from being funded. Wow in 2 days. Unfortunately, I don't qualify to be funded because I kept the SP 500 futures short overnight. WTF at top we all pros short don't we lol.
I will resume posting after paying them a fee of $100 for breaking the rule.

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  #18 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
Elite_Member
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
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TraderNeo View Post
Made $1000 today trading one silver contract.

Annoying mess up on the ES trade but good job on the silver trade.
It's your journal but just posting how much you make or lose each day isn't a particularly helpful read.
As you are posting charts you could switch on the trade markers and actually show the trades, or describe why you took the trades, what you did well, did poorly, lessons learnt and so on. Or not. Either way, good luck for when you reset the account.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #19 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15

Thanks Matt .

So the reset is complete.

My trade plan today is to jump in on the trade when market open as silver goes down. Intermediate /long term strategy is buy lows and sell highs once a new low in weeks has been reached. ES will go down as market opens.

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  #20 (permalink)
TraderNeo
piscataway NJ USA
 
Posts: 28 since Mar 2017
Thanks Given: 1
Thanks Received: 15


Resume posting after my reset.

Silver had a resistance at 50% Fib level (day) on the 1 min chart.
Prices showed weakening and I jumped in for a $100 profit.

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Last Updated on February 19, 2021


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