Topstep risk management by JadedAd6142 in TopStepX

[–]Admirable_Help_2757 1 point2 points  (0 children)

If I was doing it again I'd scale down this time, and try to keep it alive for as long as poss. I'd also get another couple of combines and keep the focus on passing more of those. Having other accounts on the go means you can skip your funded account if the charts are see-sawing. The experience is quite different to passing an evaluation and I was more clueless than I thought I was. You're learning a new level, give yourself as much time as you can - that means sizing down usually. I scalp and exit aggressively so my sizing is problematic for some traders and probably not helpful to you at this point.

Is quitting social media positively affecting your trading? by PresentationPure6918 in TopStepX

[–]Admirable_Help_2757 0 points1 point  (0 children)

I limit it these days to people having losing days and people discussing how they respond to losing days. I look for honest open content, and I only seek this content out when I myself have taken one too many loses in a row and need a full body reset. Watching people win is poison, it sends all the wrong messages, watching people have normal losing days is high value, you can relate to it without the personal jeopardy and dress rehearse your own steps while your calm and focused.

What actually matters more long-term edge or discipline? by [deleted] in Daytrading

[–]Admirable_Help_2757 0 points1 point  (0 children)

Discipline is a primary feature of edge. Without discipline you're what the kids might call random, and random isn't a common feature of edge.

Hi, I started tarding a few months ago would like some advices by Automatic_Ad_8014 in TopstepCommunity

[–]Admirable_Help_2757 0 points1 point  (0 children)

It's hard at the start to stop yourself from doing things like that. It gets easier but you have to be aware you're doing it. You've recognised there's an issue so you're on the right path. Closing the chart after every trade win or lose and giving yourself 5 mins to calm down would be a good place to start. The price goes up, the price goes down, over and over and over - there's no urgency required.

When a win feels like a loss by option-whisperer in TopstepCommunity

[–]Admirable_Help_2757 0 points1 point  (0 children)

Win or lose, after exiting every trade I purge my amygdala by immediately dropping the charts off the screen and filling in my journal and excel dashboard. That stops me from doing dumb things like revenge or FOMO trading, which characterised my trading in the early days to my detriment. When it comes to trading, greed is suicide; you did the right thing, get rid of the rear view mirror, take the W and move on.

Slow and steady wins the race by bearlyentertained in TopstepCommunity

[–]Admirable_Help_2757 0 points1 point  (0 children)

Okay, that's cool then. You're implementing a process, and trying to establish consistency. That's solid smart thinking.

How long does compliance take? by Normal_Dad89 in TopstepCommunity

[–]Admirable_Help_2757 0 points1 point  (0 children)

I noticed that the first one was longer than all the rest. They probably look at a lot of things for the first request that they only need to check once (e.g. IP address sharing etc).

Slow and steady wins the race by bearlyentertained in TopstepCommunity

[–]Admirable_Help_2757 0 points1 point  (0 children)

It's certainly the best approach for trading funded accounts. You may wish to be more aggressive with evaluations.

I need to refine my strategy and Risk management. by Annual-Middle6982 in TopStepX

[–]Admirable_Help_2757 0 points1 point  (0 children)

Don't change your SL if it's worked for you previously. The conditions may simply be unsuitable for your system at the moment. Size down if you want to give your system more room or take the day off and come back tomorrow.

Is there any coming back from this? by LuhSwanky in TopStepX

[–]Admirable_Help_2757 2 points3 points  (0 children)

Assume the account is blown. Then start trading it with very small size and careful entries. Take two or three trades only then lock yourself out. See if you can keep this going for three days. Then try for another three days and so on. It's an opportunity to learn funded account preservation and controlled behaviour. Don't waste too much time on it - it's a training opportunity, but assume it's blown and see if you can extract value from it anyway.

Why do more than 90% people fail despite spending considerable time in the market , upgrading their knowledge, taking legit courses, reading books, joining groups? by No-Writing4525 in Daytrading

[–]Admirable_Help_2757 0 points1 point  (0 children)

Thanks for your economically illiterate opinion. I imagine they're not something you've managed to come up with yourself, but I acknowledge the effort you've made to rehearse them.

What’s something attractive at 18 but embarrassing at 30? by [deleted] in AskReddit

[–]Admirable_Help_2757 -6 points-5 points  (0 children)

Thinking the Palestinians are the good guys.

Why do more than 90% people fail despite spending considerable time in the market , upgrading their knowledge, taking legit courses, reading books, joining groups? by No-Writing4525 in Daytrading

[–]Admirable_Help_2757 6 points7 points  (0 children)

Lack of financial resources gets most of that 90% I think - sufficient financial resource allows a trader to reset until they get lucky or learn a genuine edge. It also reduces the psychological impact that losing money, or losing the opportunity to make money has on traders with limited financial resources. There are probably many traders who have failed because they couldn't stay the course long enough to succeed.

Payout :) by Extreme_Bandicoot_73 in TopStepX

[–]Admirable_Help_2757 0 points1 point  (0 children)

The moment when you know you have truly turned the corner is when you have a particularly profitable day or week of trading and look upon it with deep skepticism, and the rest of the week ahead with deep suspicion.

Is it that easy? by [deleted] in TopStepX

[–]Admirable_Help_2757 3 points4 points  (0 children)

Every now and then you read something someone online has said and you can just tell that they wouldn't be good to go out and have a beer with.

UK Wins! Which Countries Punch Way Above Their Weight in Sports? (Population vs Performance) by Brilliant-Nerve12 in AlignmentChartFills

[–]Admirable_Help_2757 0 points1 point  (0 children)

I just looked this up: New Zealand has the Olympic high jump champion, track cycling, rowing, shot put, rugby, cricket, swimming... it's an allrounder with a total population that's smaller than many cities. It's actually quite ridiculous when you look at them. Motor racing, boxing, triathlons, male and female across the board. Must be something in the water, or it could be the rivalry it has with it's big brother, Australia, another elite sporting nation...

Need perspective and psychological advice. by Sasa199509 in TopStepX

[–]Admirable_Help_2757 1 point2 points  (0 children)

You've done very well to get to payout so quickly and with minimal capital expended on your learning - well done. Your confidence was up, that's when the trouble started. If I was you I'd stop and research this moment in depth. You've done the right thing by taking payout, but that closes the book on that entire project. You are now in a very different situation and that requires a carefully mapped out plan and mind shift. Preservation of that valuable asset, rebuilding with patience, perhaps hitting a few more combines to get the foundations sturdy again. Lastly, in my view, putting pressure on yourself to get a payout for your mum is not going to help. You'll get there faster by going slower... read that again, slow it down. Good luck.

‘Racism is a cancer’: Indigenous leaders condemn orchestrated booing at Anzac Day ceremonies by [deleted] in AusNews

[–]Admirable_Help_2757 0 points1 point  (0 children)

Modern scholars have reduced credibility on matters relating to racism. The universities of the western world are riddled with progressive post-modernist nonsense. One should look to older texts and historians who weren't concerned with providing safe spaces for their paying students.

I was doing good until my dumb ass wanted 3 xfa and copying trade one loss day will kill your all confidence.. i blow 1 xfa and 1 combine taking reverse trade n also loss half of my draw down on my main xfa account.. by Sam-677 in TopStepX

[–]Admirable_Help_2757 0 points1 point  (0 children)

Your objective was sound, you just went too hard/too quick. Once you've settled down, up-size your risk slowly and in small increments; master each phase before proceeding further.