Becoming A TopStep Trader 2020

For US index futures they do, in my experience.

Interesting, thank you.

I did a whole year with pivots (standard) following on from the Amplify trading. I couldn't get consistency in the setups.
All I need is a couple hundred $ a day for the next few months and I'll be good. If I can do it without adding too many crutches to the chart I'll be even happier. However, I will look into Camarilla in some backtests

Bayesian inference is a method of statistical inference in which Bayes' theorem is used to update the probability for a hypothesis as more evidence or information becomes available. Bayesian inference is an important technique in statistics, and especially in mathematical statistics. Bayesian updating is particularly important in the dynamic analysis of a sequence of data. Bayesian inference has found application in a wide range of activities, including science, engineering, philosophy, medicine, sport, and law. In the philosophy of decision theory, Bayesian inference is closely related to subjective probability, often called "Bayesian probability".

Hello Nev, are you doing any challenges at the moment?

Interesting log and experiences you have.

`Every day is Challenge'
markets keep changing

Last week I had to reset an account because I traded into US GDP numbers. Today I traded into FOMC announcement.

Probably best that if you are going to be a TopStepTrader either don't trade on days where there is Tier 1 so that you have no chance of messing up like I have or set lots of alarms on calendars and phones to remind you to stop trading.

It's not the money that is annoying it is the waste of time from the start of the trading to now.

Tomorrow is a new day and from now on I am determined not to make these types of 'Silly Mistakes'.

fml

Just a little update and hopefully some inspiration.

Being in the market for a long time can be beneficial - as you are only able to catch a big move if you stick with it. However, the leverage I am having to use means that my time in the market has to be short. Just the nature of not risking too much capital means that I am using tight stops. Which invariably leads to quick stop outs. Entering the markets multiple times increases my exposure to Risk, so not trading all the time is working both for my mental capital and my $ capital.

Knowing what I am looking for on the charts, and whereabouts I want to see it means that even on a 1 minute chart, I can avoid trading a lot of the noise.

I am working on my trailing SL positioning and feel that I am getting closer to being in a profitable trade for longer, but still a long way to go before I catch the meat of the move.

Is there any other industry where you can make $280 a minute?

How many hours would you have to work to get these wages?

I don't want to give the impression that all of my trades are supposed to be 1 minute or less.
The idea is more to have a setup that you are always on the lookout for, have some risk that you are willing to take and hold on for a Take Profit that is within the realms of reality. ( No point looking for 100 points if the market is in a 20 point range.)


Todays other trades

An actual strategy

this green line is daily open?

if it was, it would be by coincidence.

"The Market Rewards Patience"

These guys always screw my day up, always best to wait until after the event

Having been stopped out for BE a few times and 1 full stop out , it was nice to actually catch a decent runner back to the NYC trigger line. It is where the price initially stopped, which gives me confidence that this line does actually hold some weight in the Intraday scheme of things. The fact that it flushed the SL's below and looks to be reversing is interesting but I shall come back tomorrow.