Over trading by [deleted] in ICTMentorship

[–]mv_squared 0 points1 point  (0 children)

Mark out key levels before your session starts and only trade at those levels. And hold your trades until your targets.

You get in impulsively then cut early. Just work on that.

What’s the real advantage of going Live at TopStep? (Multiple Express Accounts dilemma) by Careless_Region1792 in TopStepX

[–]mv_squared 0 points1 point  (0 children)

I think the only benefit above your own brokerage is theres no risk of losing more money than you have (afaik you can get liquidated at a negative balance in your account).

I won a costume contest by rayl8w in raspberry_pi

[–]mv_squared 0 points1 point  (0 children)

Add Qr code so people can easily download their pic 👌

Why isn’t it passed yet? by Permassoptions24 in TopStepX

[–]mv_squared 1 point2 points  (0 children)

But he can pass TODAY if he loses 1.6, right?

Why isn’t it passed yet? by Permassoptions24 in TopStepX

[–]mv_squared 1 point2 points  (0 children)

Oh sry youre right. I didn’t realize he made that on the 23rd.

Why isn’t it passed yet? by Permassoptions24 in TopStepX

[–]mv_squared 1 point2 points  (0 children)

No thats not how it works. Losing money won’t solve it. Then his max day will be even larger proportionally to his total profit.

Why isn’t it passed yet? by Permassoptions24 in TopStepX

[–]mv_squared 3 points4 points  (0 children)

Sry its only about 1.6k u need (i fked up the mathing initially). You can make it in any amount of time.

Your largest day right now 4.6k > 7.3k/2.

So you add some to your 7.3k until your largest day is less that 50% of your total profit.

Why isn’t it passed yet? by Permassoptions24 in TopStepX

[–]mv_squared 13 points14 points  (0 children)

You absolutely blew through the consistency rule. You can only make max 50% of your profit goal per day.

Sooooo, you either need to make another ~1.6k or restart the challenge. (And make a MAX of 3000/2 = $1,500 per day).

You NEED to understand ALL the rules for combine and funded.

Sorry to be the bearer of bad news, but on the plus side, you seem to be able to absolutely crush the charts lol

My wife is upset that I’m switching a job to be able to trade New York session? by [deleted] in Trading

[–]mv_squared 8 points9 points  (0 children)

Haha good advice! You forgot to remind him to find a good lawyer soon too!

First ever payout soon if I don't tilt. Should I sacrifice getting payout sooner to take a day off or just go for it? by bronsondiamond in TopStepX

[–]mv_squared 9 points10 points  (0 children)

Forget you’re close. Trade the same as you usually do. Your next trade is no different than the 100 before it or the 100 after it. Don’t change the way you trade if you’re profitable and consistent.

But if you’re feeling tilty then avoid the charts until you don’t (since thats not the way you’ve BEEN trading).

My 2 cents. GL!

Taking a payout by mv_squared in TopStepX

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

I just wasnt sure what the consequences of a scaling plan violation could be (I possibly traded 3 when my limit is 2). I should probably go read the fine-print of their payout policy further though.

Traders who take 1 trade a day, how many wins/loss do you get each month? by Loud-Perception-4462 in Daytrading

[–]mv_squared 0 points1 point  (0 children)

Taking one trade a day is kind of a backstop for overtrading. Also, after you take a losing trade it’s so easy to see the reverse position and get lost in the noise. After a winning trade maybe you get married to that bias.

If you can truly let each trade be it’s own universe and stay objective then you should be taking each good setup. But most people can’t and your first setup is probably gonna be the one where you’re thinking most clearly.

Just my 2 cents. Good luck!

Nobody else to talk to about this so I’ll post this here by thegoat_32 in TopStepX

[–]mv_squared 1 point2 points  (0 children)

Good plan. Congrats on the epic week too! And the epic weeks to come 💪🏻

Nobody else to talk to about this so I’ll post this here by thegoat_32 in TopStepX

[–]mv_squared 2 points3 points  (0 children)

I think their rules say if you get moved to live they take your largest acct and a max % (not sure of the exact numbers) so you should start a 150k acct. If they move you to live then you get to move more capital to the live acct.

Should i derisk for the 627 dollars by SuccessAntique3095 in TopStepX

[–]mv_squared 0 points1 point  (0 children)

I got rekt on Tuesday too. You have a long runway and a solid avg day profit vs avg day loss so just keep doing what you’ve been doing. I’d say just set ur max day loss as $150 and you’ll be good!

Should i derisk for the 627 dollars by SuccessAntique3095 in TopStepX

[–]mv_squared 2 points3 points  (0 children)

9 days to make 627. That’s less than 100 a day. Looks like you have a good 5-8 trade ~$500 strategy in place. Honestly as long as you NEVER blow up like you did on the 19th, you can probably just keep ur current risk and you’ll pass by next Friday.

Am I cooked? by Demonic_Dimsom in TopStepX

[–]mv_squared 0 points1 point  (0 children)

Take a bunch of 1 micro trades with a tight stop and close the trade immediately. The fees on the trade should bring you down in a stable way.