“It's a fundamental shift in attitude that accounts for their success, not some brilliant realization about the market, as most people erroneously assume. This erroneous assumption is prevalent among traders simply because very few of them really understand, at the deepest levels, just how critical a component attitude is in determining one's success.”

Tuesday, May 19

Traded in Ninja live sim today. +27 ticks.

TopstepTrader Combine #8, Day 06

6 trades, 1 win, 5 losses, -18 ticks, -$247.08 net.

TopstepTrader Combine #8, Day 05

6E: 2 trades, 2 wins, +8 ticks, +$92.64 net.

TopstepTrader Combine #8, Day 04

6E: 2 trades, 2 wins, +8 ticks, +$92.64 net.

I'm using Ninja's sim trading feature to mark my trade entries and exits while I'm placing my actual orders on the TsT T4 platform. However, the second trade shown on my chart wasn't a T4 trade. I entered the order in Ninja sim, but I hesitated placing the order on T4 and missed the actual trade.

TopstepTrader Combine #8, Day 03

6E: 2 trades, 2 wins, +8 ticks, +$92.64 net.

TopstepTrader Combine #8, Day 02

6E: 12 trades, 6 wins/6 losses, -9 ticks, -$156.66 net.

Traded in sim yesterday. Not a good day in my Combine again today though.

Friday, May 8

I hadn't planned to do this, but after posting my live sim trades yesterday I realized the benefit of doing it. I feel almost as much anxiety about posting my live sim trades here and looking stupid as I feel when trading my Combine.

So for now I'm going to post my live sim charts and a few comments on some of my trades. My trades spanned a few hours today, so I had to post three sets of charts.

My second and sixth trades stopped me out by only 1 tick before moving back through my target price (I would have needed a stop 2 ticks larger than I had). These were also my only losses today.

It's trades like my third and my eighth that actually surprise me. It's still very counter-intuitive to me to take trades like these and I hesitate a lot.

In the end I took 9 trades with 7 wins and 2 losses. +16 ticks today.

TopstepTrader Combine #8, Day 01

6E: 5 trades, 1 win/4 losses, -19 ticks, -$255.90 net.

I apologize to all of you who read today's post as I had written it earlier, but after reviewing my charts this evening I realized that my trading today wasn't horrible. It wasn't very good, but I know why I did what I did. And a lot of it had to do with the fear I felt trading this first day in my Combine.

After I stopped trading my Combine account I started trading in live sim (using NinjaTrader). I also said earlier that I "started doing what I should have been doing," but that wasn't really accurate either. I simply traded like I've been trading in sim for the past couple of weeks.

So, for my own good, I'm re-writing this post, including my charts, and describing the trades I took today so I can remind myself that what I'm doing may not be fantastic, but it's not terrible either.
  • Trade #1: It was late into the move, but I was seeing lower highs and a flat bottom area (kind of a descending triangle), and I thought it was going to break lower. It didn't break lower, and I didn't even get one tick of MFE.
  • Trade #2: Late into the move again, but I saw this as a breakout-pullback type of situation after price had broken the prior matching/double high that occurred earlier.
  • Trade #3: This was a "standard" short after a break down and pullback up to prior resistance.
  • Trade #4: Late into the move once again, but I saw this as a breakout-pullback situation. Price went 3 ticks in my favor before turning around.
I was trading scared because I didn't want to mess up the first day of this Combine, but that just caused me to avoid the trades I normally would have taken, and then take marginal trades because I had missed the ones before.

Now here's the chart of my live sim trading after I stopped trading in the Combine. I simply took the trades as I saw them – this time without the fear I had while I was trading my Combine account – and I didn't stop at some predetermined amount of profit. I just kept taking "setups" until price started getting slow and I had to leave to do other things.

I missed some in there, took a few that I probably shouldn't have, and had a couple of fills where price didn't exceed my target and may not have filled in real trading, but overall it was positive.

I'm hoping that I can relax a little, not second guess so much, and start taking the trades that I'm seeing as I go through this Combine.

TopstepTrader Combine #7 Final Results

At the end of this Combine I ran out of time and because what I thought was going to work at the beginning wasn't, I spent the last few days just trying some things. Once again, I've learned some things and I'll be working to put them together for another Combine soon.

Final Trading Stats Grid for Combine #7:

Combine Equity Curve Comparison:

Final Trade Report for Combine #7:

Trade by Trade Chart for Combine #7:

Daily P&L Chart for Combine #7:

TopstepTrader Combine #7, Day 20

NQ: -7.50pts, 6E: -12 ticks, -$344.16 net.

TopstepTrader Combine #7, Day 19

ES: -3.50pts, NQ: -7.75pts, -$352.08 net

TopstepTrader Combine #7, Day 18

ES: +1.00pt / +$46.32 net

Google Analytics Alternative