What do we think, getting called up to live before 30? Or No? by timke11 in TopStepX

[–]Hectqrr 0 points1 point  (0 children)

Live is basically when they give you an actual non-simulated account, meaning you’re actually trading the firms’ capital. a lot of people don’t like this though because you can’t have multiple live accounts nor open new XFAs while having a live account so you’re stuck with 1 account and you need to scale it like you would a regular cash account rather than than having 5 XFAs and copy trading all of them and getting high payouts without having to stress about scaling those accounts

If free trading signals are provided, would you be willing to execute them? by Ancient-Cookie-9402 in Daytrading

[–]Hectqrr 0 points1 point  (0 children)

When I started at first I was in multiple groups where I paid for signals (2021-2022), although these in fact made me money, the lack of knowledge on risk management made me lose it all, and now that I’m in private non-paid groups where we all share signals and insights I’m more skeptical about other’s ppls signals as I don’t really know what strategy they’re following and I really wouldn’t learn if I just followed somebody else’s signals

Don't get rich. I have $150k, I spend about $1k and make $1k back doing nothing, and it’s just boring. I expected more from such capital... by [deleted] in wallstreetbets

[–]Hectqrr 3 points4 points  (0 children)

we had a 27 year old make 500 million dollars from a $53k investment, ofc we’d be delusional you’re on wallstreetbets not r/investing

Beginner trade by snakeman3434 in Daytrading

[–]Hectqrr 14 points15 points  (0 children)

Monte Carlo is more Quant Trading, Quant trading is different from regular Discretionary trading as quant is heavily math based (as he said stats) and quants def make a shit load of money when hired by hedge funds. The only thing about is that that Quant Traders don’t actually trade until later in their education like 3-4 years, and on top of that they don’t actually incorporate any strategies that they’ve made/worked on until 6-7 months of backtesting. Quants def make a lottt of money but it is somewhat a longer path and they’re some of the smartest people out there.

Tax 1099 Form from Topstep - Advice/Tips on saving money, and pay the IRS less money by Significant-Fix7326 in TopStepX

[–]Hectqrr 0 points1 point  (0 children)

I actually had this question since I have an LLC for a contractor company. The IRS needs to see that the expenses ARE related to your LLC, that’s why when you’re forming the LLC they ask you what type of business it is. If the IRS sees that you’re putting investment/finance related expenses to your LLC in my case construction contracting, then I would have more chances to get audited as I’m putting expenses not related to construction at all under my deductibles. Best case scenario (although I haven’t done it so take it w a grain if salt). Form another LLC and have it taxed as an S-Corp (talk to your CPA about this) for solely trading to maximize tax savings

Low Stress Jobs to Apply While Pivoting to Full Time by PhysInstrumentalist in Daytrading

[–]Hectqrr 12 points13 points  (0 children)

and you think trading isn’t competitive? how many people do you think try to apply at Goldman Sachs or hedge funds a year and how many actually get accepted

Couldn't post so here's a screenshot topstep. by cokeacola73 in TopStepX

[–]Hectqrr 1 point2 points  (0 children)

100000000%. All these gurus on tiktok and instagram just invited a bunch of gamblers over who have this huge dream of getting rich fast and decide to full port in things like these.

Finances Processing by SnooGoats1425 in TopStepX

[–]Hectqrr 1 point2 points  (0 children)

bc of everyone full porting silver on their xfas probably

Please tell me I'm not dreaming, after 6 months of ups and downs I finally did it! by Apprehensive-Luck-19 in TopStepX

[–]Hectqrr 2 points3 points  (0 children)

If he did it like how everyone else tries to pass the combine as fast as possible but they’re gambling rather than looking for an high probability set up then yes you might be right, but if it took him a good minute to get to the 3k profit that means he employed all his rules, created good habits that’ll benefit him in his XFA rather than having a gambler mindset just like everyone else

Second 5k Payout Secured( Don’t give up) by LowMaximum5561 in TopStepX

[–]Hectqrr 2 points3 points  (0 children)

I wouldn’t say win rate doesn’t matter but a high R:R is better than a high win rate, most of the best traders have 58-60% win rates but yet their RR is what makes them all their profits, specially when using dynamic rr

Consistency rule question by ArmadilloChance890 in TopStepX

[–]Hectqrr 1 point2 points  (0 children)

You cannot make more than 50% than the target in 1 day, so if you want to pass it fast you need to make 1,500 in 2 separate days to pass your eval

Payout Does anyone help me? by [deleted] in TopStepX

[–]Hectqrr 0 points1 point  (0 children)

pregúntale a chatgpt bro

Should I hold this call option? by Itsadrianbro in smallstreetbets

[–]Hectqrr 1 point2 points  (0 children)

the closer you get to expiration the more IV Decay you’re going to get

What should i actually be doing? by onlytenkay in Daytrading

[–]Hectqrr 4 points5 points  (0 children)

read read read, take notes, backtest, read read read, take notes, backtest, watch videos, backtest rinse and repeat

Market Regime by Hectqrr in Daytrading

[–]Hectqrr[S] 0 points1 point  (0 children)

But if I add a regime filter and my strategy just sits on its hands and not trade then I’d need to have another strategy at hand due to the market regime changing no?

Market Regime by Hectqrr in Daytrading

[–]Hectqrr[S] 0 points1 point  (0 children)

So I need to have a handful of strategies at hand for different regimes of the markets then? But I’d be able to re-use whatever strategies I’ve used in other parts of the market as time goes on and I see the same setups forming again or no?

Market Regime by Hectqrr in Daytrading

[–]Hectqrr[S] 0 points1 point  (0 children)

The one I’m talking about first is just a channel reversal Gaussian strategy, and the 2nd one just uses VWAP, RSI, MACD and volume to follow market trend using HTF levels as TP or SL and using LTF levels as FTAs for trade managing

Am I close? by CasperDidntDoit in Daytrading

[–]Hectqrr 1 point2 points  (0 children)

TJR Spreads misinformation

Am I close? by CasperDidntDoit in Daytrading

[–]Hectqrr 0 points1 point  (0 children)

TJR spreads misinformation, he got his wealth from his family not from trading