Wednesday, December 20, 2017

FUNDED by TopstepTrader!!!

Took me awhile!
SO I get the best Christmas present I could have ever hoped for, given to me by myself!

It was a tough journey, through all kinds of personal and health trial & tribulations but, here I am, one Combine, two FTPs and NINE months later.

Check out this video on my YouTube channel for some details and stats. Unfortunately, my copy of Windows 8 got corrupted 3/4 of the way through the last FTP, so I don't have all the pretty graphs and statistics that I usually share in these posts. Nevertheless, I do provide screen shots of the last month of trading which gives a good idea of the overall performance.

Don't forget to SUBSCRIBE so you don't miss out on my updates as I build a draw-down cushion and, then, start drawing those checks! See you there :)

Wednesday, October 4, 2017

3rd Combine PASSED!

This one is significantly different as it was completed with my partner. To get the lowdown on why I've decided to go the route of working in a trading partnership, check out this video.

To get all the details of this successful Combine, watch this video.

So we are now in a position where we have two FTPs open simultaneously, both of them positive, with one nearing the finish line. The short-term plan is to take one of the funded accounts to a place where we are trading 3-5 contracts at a time and keep the other one at just the 1 contract for income.

Exciting times ahead!

Friday, September 15, 2017

Is Profitable Scalping Possible..?

They say that it's impossible for a human to compete with the HFT algos...
Forex Futures trades for the last 30 days.
...looks like "they" may be wrong. 

I'll be back when I've hit the next milestone...

Tuesday, June 13, 2017

Combine PASSED! (again...)

Just in case you don't follow me on YouTube ....

I'm particularly happy with the risk control on a daily basis (Only one negative day greater than ~-$100 out of the 17 that were taken!).

I go in to much more detail in the video so I invite you to SUBSCRIBE if you want to follow along and see how I make it back to, and stay in, the funded account at TST.

Here's the latest FTP update.

See you on the other side!

Saturday, April 22, 2017

Back On The Horse - Journey Back To Funded.

Still here and diligently working my way back to TopstepTrader's funded department.

They have FINALLY done away with the 10-Day rule that was such a challenge for me, due to the historical expectancy of my approach to the markets and the fact that being positive with the method (in a way sufficient to weather any bad luck in the form of a DD...) after 10 days in an account isn't a given.

As mentioned in my last post, I'm very active on You Tube now because "blogging is so 90's" (lol @ L&W) and I'm enjoying giving back to the medium that has given me so much inspiration and so many ideas.

If you haven't done so already, smash that "SUBSCRIBE" button and watch me hit those goals over the next few months!

Tuesday, January 31, 2017

You Tube

Currently posting 5X a week.

Just a quick note for those who might be interested but haven't yet realized, I've recently got into the habit of regularly posting YouTube videos as a way of documenting my journey/progress and sharing any lessons I learn along the way. This means that I'm posting less here.

If you are interested in following along, you can click the YT icon to the right of the blog and subscribe to the channel so you don't miss any updates.

A lot has changed over the last few months, particularly in this past month (Jan).... most of it documented on the channel. See you on the other side!

Sunday, January 1, 2017

Process - Oriented (January Game Plan).

After ruminating over the info in my last post, the main things that have changed are:-

a) Desire to "win" in the short-term. I've gradually slipped into the habit of taking trades off before 3R for no reason other than fear of giving back.

b) Lower trade frequency. This is most probably an attempt to "manage" risk when it's really just an avoidance of risk.

c) Not putting on two (or more) trades simultaneously. See "b)".

So here are the renewed rules of conduct. I'm writing them in this post to keep me accountable!

1) Never take a trade off for less than 3R unless:

* There is news, in which case take it off 5 mins beforehand and get back in according to the plan.
* Daily target has been met in open profits.
* It's 21:00 or later (see "3)").

2) Make a conscious effort to have at least two positions on as often as possible to diversify risk/smooth out the equity curve.

3) No trades entered after 20:00. Flatten all trades between 21:00 and 22:10 (all times in Central European Time).

That's it! If I do that for every trade in January, I'll be a happy trader, regardless of the result. Back to the process we go...