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Plan for 50K TopStep Account

  • #21
  • Jul 29, 2024 1:03pm Jul 29, 2024 1:03pm
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  • #22
  • Jul 30, 2024 7:43am Jul 30, 2024 7:43am
Stop Hit

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  • #23
  • Jul 30, 2024 1:14pm Jul 30, 2024 1:14pm
One more stop hit
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  • #24
  • Jul 31, 2024 9:18am Jul 31, 2024 9:18am
Lost this combine
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  • #25
  • Aug 2, 2024 7:16am Aug 2, 2024 7:16am
Returning after 10 days with new combine.
  • #26
  • Aug 14, 2024 7:15am Aug 14, 2024 7:15am
New beginning!
  • #27
  • Aug 14, 2024 7:49am Aug 14, 2024 7:49am
Quoting Shantala
New beginning!
Hopefully you spent the 10 days working on identifying set ups with a positive edge.

You had a 5.88% win rate which will just blow your combine.

Maybe you could tell us something of your set ups. Your trade plan addresses money management, which is of course crucial. But sound money management will not save you from a bad trading plan. If you roll into a casino with a money management plan and then you choose to play keno, you will lose all of your money.

You look like you are trading crude futures and you are using a five minute chart. Would you mind sharing your set ups? What is it that makes you place a short bet or a long bet?
Life itself is a privilege, but to live life to the fullest is a choice
  • #28
  • Aug 14, 2024 2:17pm Aug 14, 2024 2:17pm
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  • #29
  • Aug 14, 2024 2:18pm Aug 14, 2024 2:18pm
Quoting vidvad
{quote} Hopefully you spent the 10 days working on identifying set ups with a positive edge. You had a 5.88% win rate which will just blow your combine. Maybe you could tell us something of your set ups. Your trade plan addresses money management, which is of course crucial. But sound money management will not save you from a bad trading plan. If you roll into a casino with a money management plan and then you choose to play keno, you will lose all of your money. You look like you are trading crude futures and you are using a five minute chart....
Surely will share it
  • #30
  • Aug 14, 2024 8:05pm Aug 14, 2024 8:05pm
Quoting Shantala
{image}
Can i ask what Tool is this to Show PnL?

I am looking for a tool which collects data from my mt5 on my trades. Fxbook has bugs and does not work when a Portion of the Position is closed, only some Closed Positions will be recorded, while other are not recorded

Any advice on a Web Tool to record mt5 Data?
  • #31
  • Aug 14, 2024 11:23pm Aug 14, 2024 11:23pm
Quoting kkBd
{quote} Can i ask what Tool is this to Show PnL? I am looking for a tool which collects data from my mt5 on my trades. Fxbook has bugs and does not work when a Portion of the Position is closed, only some Closed Positions will be recorded, while other are not recorded Any advice on a Web Tool to record mt5 Data?
It is TopStepX platform from TopStep. I have no idea about MT5 tool.
  • #32
  • Aug 15, 2024 2:18pm Aug 15, 2024 2:18pm
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  • #33
  • Aug 16, 2024 9:13am Aug 16, 2024 9:13am
Took 3 trades.
First SL hit
Second increased my target and trailed my SL to cover previous loss, TSL hit - Greed and Fear
Third increased my target and trailed my SL to breakeven, TSL hit - Greed and Fear (another 200-300 and will become breakeven overall)
Total gain $26

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  • #34
  • Aug 16, 2024 9:16am Aug 16, 2024 9:16am
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  • #35
  • Aug 16, 2024 9:18am Aug 16, 2024 9:18am
1) I took 5 trades on first day, and then last 2 days, took 3 trades.
2) I increased my target.

I think I am not following my plan.

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  • #36
  • Aug 16, 2024 2:33pm Aug 16, 2024 2:33pm
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  • #37
  • Aug 16, 2024 2:34pm Aug 16, 2024 2:34pm
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  • #38
  • Aug 17, 2024 4:58pm Aug 17, 2024 4:58pm
16th august ,wasn't too bad , lots of opportunity to trade. will get a 50k nextweek.
  • #39
  • Aug 17, 2024 5:02pm Aug 17, 2024 5:02pm
Quoting Mandariin
Trading plan improvements 2) Two trades per day. You should take all trades according to your trade plan on your trade time ( 8:15-10:30 & 1:30-3:00) 3 ) If first trade stop loss hits, wait for at least 1 hour for next trade..... You should take all valid trade setups in your trade time, doesn't matter was last trade loser and how long ago it happened. 6 ) Fixed risk and fixed reward Size of risk and reward should be market dependent. Stop must go below swing low or above swing high. It can't be in the middle of entry candles. Same with target....

Express is more complex with only 2 contracts.
  • #40
  • Aug 17, 2024 9:48pm Aug 17, 2024 9:48pm
Quoting Shantala
{image}
Question

Is this the Only data from TopStep?

Edit: Ok Top step is Prop Firm...thank you
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