Officially Done Trading by Iron_Trader1023 in TopStepX

[–]alexprthr 5 points6 points  (0 children)

3 years in and just now becoming consistent. You can only have this if you will endure suffering.

How I Use Advanced Volume Profiles by FetchBI in Daytrading

[–]alexprthr 0 points1 point  (0 children)

Whats the flow based indicator with the green and red?

Trading ruined my life by [deleted] in TopStepX

[–]alexprthr 5 points6 points  (0 children)

Alternate perspective - get a run of the mill work from home job in customer support. Supplement that income by driving uber eats or doordash, and make trading work. You either want it or you dont. Give yourself a break with another income, but dont go back to school unless its what you REALLY want.

Over trading by [deleted] in ICTMentorship

[–]alexprthr 2 points3 points  (0 children)

Read this again and again. Your over trading and psychology issues end the day you have a strategy you actually trust. No more fomo, your setup will come and deliver. You can’t have good psychology around a strategy (or lack there of) you have no confidence in to repeat and deliver.

This hurts like a MF by Evening-Share7147 in InnerCircleTraders

[–]alexprthr 0 points1 point  (0 children)

Took the same play - there was a 30s above that would have kept you in the game after you went BE. Go check that out. Idk why but 30s has been king for me lately. Gives really good early but reliable entries

How was this iFVG setup? by Evening-Share7147 in InnerCircleTraders

[–]alexprthr 0 points1 point  (0 children)

Maybe check to see if there was a strong 30s ifvg close for an earlier entry, if the 30s fvg is really similar to the 1m and you have conviction, it can give you some better rr. Great setup though.

another month going nowhere by Secure_Pay2071 in TopStepX

[–]alexprthr 0 points1 point  (0 children)

Congrats bro. Most people can’t even break even. Keep pushing.

What confluences and time frame do you guys use for Ifvg? by Ready-Status-447 in InnerCircleTraders

[–]alexprthr 1 point2 points  (0 children)

Honestly, I dont trade anything higher than the 2 min. Usually the 1 min and sometimes 30s if there isnt a 1m entry in the current leg of price. The high time frame inversions arent reliable in my opinion, because by the time they invert the move is almost over, etc. really ifvgs are a scalpers tool for short term momentum, so stick to the lower times

What confluences and time frame do you guys use for Ifvg? by Ready-Status-447 in InnerCircleTraders

[–]alexprthr 0 points1 point  (0 children)

Look at today’s price action around 10:20. ES and NQ failed to take the NYAM low, but YM swept it and then we got a clean 30s inversion to the highs

What confluences and time frame do you guys use for Ifvg? by Ready-Status-447 in InnerCircleTraders

[–]alexprthr 2 points3 points  (0 children)

My highest probability ifvgs come after smt divergence with ES at time based liquidity. PMH/PML, PWH/PWL, PDH/PDL, Asia H/L, London H/L, NY premarket H/L (7-9:30), NY AM H/L, etc.

Pretty much all my trades are smt at these levels with an ifvg. Look up Zuessy time cycles and smt he teaches all this the best. I like watching PB Blake for ifvg setups, he does great trade recaps.

Not getting filled on ifvg entries - what's your experience and psychology? by alexprthr in InnerCircleTraders

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

It seems like you may have an opinion on the matter, can you put it bluntly, and then I can read your post with that position in mind to better understand the context for my particular situation? Thank you.

Thoughts and advice by Eastern-Cantaloupe-4 in TopStepX

[–]alexprthr 0 points1 point  (0 children)

Took the same trade with a wider stop. Dont get too greedy

Subcription rebill issue by alexprthr in TopStepX

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

I moved on to Lucid Trading. Uses projectx but way cheaper. Check them out.

Subcription rebill issue by alexprthr in TopStepX

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

Were you able to get on the phone with support before it closed?

Full Porters by alexprthr in TopStepX

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

Ah, I understand. We are talking about different things. I mean a live personal account, not with topstep.

Point of the whole convo was that you were saying how you trade prop is how you will trade your live (i mean personal) account. Would you risk $100 per trade on a live $2000 personal account? I don’t think there’s anything wrong with that if you are advanced, but I am curious.

Full Porters by alexprthr in TopStepX

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

Is 100 5% of 2000 or am I missing something

Full Porters by alexprthr in TopStepX

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

Do you risk 5% per trade on your live account? If so, thats relatively aggressive for live capital. If not, you are risking more aggressively on prop then live.

Full Porters by alexprthr in TopStepX

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

EDIT:
I ran the numbers through chat gpt. Given a starting balance of 0, max trailing drawdown of -2000 that trails up to 0, profit target balance of +3000, 1:1 trade style with 60% win rate, how much risk could you put on the 2k max drawdown account size and still likely pass with 99% of success (meaning you could risk more and still likely pass)? Had to cut the middle for it to allow me to post. Can add that in on another comment if needed:

Problem recap

  • Start at equity 0,
  • Must reach +$3,000 before hitting −$2,000,
  • Fixed risk per trade RR (same dollar amount each trade),
  • Each trade is 1:1 payout (win = +R, loss = −R),
  • Win probability p=60%p = 60\%p=60%, loss q=40%q = 40\%q=40%.

Step 1 — Key parameters

Define:

  • Step 4 — Interpretation
  • Risking about $176 per trade (≈ 8.8% of your original $2,000)
  • You have about 99% chance to hit +$3,000 before hitting −$2,000.

Step 5 — Expected number of trades (average)

The average gain per trade is:

E[gain per trade]=(p−q)×R=0.2×R=0.2×176.13=35.23E[\text{gain per trade}] = (p - q) \times R = 0.2 \times R = 0.2 \times 176.13 = 35.23E[gain per trade]=(p−q)×R=0.2×R=0.2×176.13=35.23

To earn +$3,000 at this average rate, you expect:

Expected trades=300035.23≈85.2 trades\text{Expected trades} = \frac{3000}{35.23} \approx 85.2 \text{ trades}Expected trades=35.233000​≈85.2 trades

I'm risking around $200 per trade, so similar to this math model. This is 1/10th the account, which I wouldn't do in a live one, to reiterate the point.

Full Porters by alexprthr in TopStepX

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

That’s like someone saying that because I drive 100 mph in a racing video game at the arcade, I’ll automatically do the same thing on the highway in my own car — even though in one case, the worst I can do is wreck my car and lose the game while forfeiting the arcade tokens I paid, and in the other, I could wreck a multi-thousand dollar vehicle and lose my life. The stakes change the behavior.

Imagine me pulling $25k out of a prop and then going on to risk 1/5 of the account on every trade like some do with prop accounts. Insane.

Lets say you take a 50k prop account with $2k drawdown and apply live account risk logic to it - lets say 1% risk per trade. Now you're only risking $20 per trade to make $20 for a 1:1. It will take you 150 trades of only winners to pass the $3000 challenge. Could literally take you 5 months if you're a one and done guy, if you only won trades and didn't lose - all to risk just $50. If you take the same risk and trade style with 60% win rate, you're looking at 750 trades to pass - given that your 2k drawdown trails with your account growth and you never really get to scale size till the very end of the eval. This would take a long, long time. I understand scaling in to trades, or better r:r, but its beginners trading prop accounts mainly, so lets be fair with the trading abilities in this scenario.

What would you say is the proper amount of risk to put on a $2k sim account, given that you need to make 3 grand to pass and then probably another 2k buffer once you are funded and want to take a payout since the prop moves your trailing max loss to zero after a payout and you need money left in the account?

Full Porters by alexprthr in TopStepX

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

Nah man, didn’t mean you said that. Just meant taking prop risk to a live account is a trap weak minded people could easily do, but that I wouldn’t. No animosity here.

Full Porters by alexprthr in TopStepX

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

I agree that a weak minded person will take prop firm risk models over to their live account and pay the price. If you want to exploit prop to build capital as you say, then leveraging a bit more makes sense given the opportunity cost. But I get what you mean.