My Self Sabotage Cycle and How I Broke the Loop

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My Self Sabotage Cycle and How I Broke the Loop

I wanted to share the strategy and psychological challenges I faced over the summer time starting back in June lasting for almost 3 months. Key takeaways are: Never drastically change your trading strategy once you have a proven system that consistently makes money. Trust yourself and your trading strategy, and…

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TopstepTrader $50k Combine - Step 1 | Day 5

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TopstepTrader $50k Combine - Step 1 | Day 5

Took 3 trades today then called it a day after being on the right side of a Trump Tweet making 10 points on NQ in seconds. The first two trades had very good entries, but just was not paytient enough, moving my stop too aggressive taking me out of the trades before full profit targets were reached.

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TopstepTrader $50k Combine - Step 1 | Day 4

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TopstepTrader $50k Combine - Step 1 | Day 4

After almost hitting max daily loss on Day 2, I refocused and was able to string back to back winning days for over a $1,000 gain. The account is up a little over $300. The importance of risk management is so key because it will save you time: days, weeks, months and even years to recoup losses from a single day.

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TopstepTrader $50k Combine  - Step 1 | Day 1

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TopstepTrader $50k Combine - Step 1 | Day 1

Today was the first day back trading in the $50k TST combine. Took four trades total: 3 winners and 1 loser. In this video I cover each trade live as NQ broke strong out of the gate at open and formed a nice bullish trend. But the huge miss on the ISM Manufacturing PMI turned the trend bearish in a few seconds.

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S&P 500 breaks above 2,945 🚀; ECB meeting this Thursday

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S&P 500 breaks above 2,945 🚀; ECB meeting this Thursday

Happy Sunday to you! Markets finally broke out of Augusts ~5% consolidation between 2,800 and 2,945 (S&P 500 futures) to the upside closing the week at 2,983 thanks to positive trade hype that US-China trade talks are now going well again, and with the possibility of both countries continuing negations later on this month.

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New round of US tariffs on China to start the week; 2-10 year yield inversion

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New round of US tariffs on China to start the week; 2-10 year yield inversion

I hope you have been well, and enjoyed the long holiday weekend with your friends and family. This week I’m back with my stock market reviews as volatility looks to continue in the market thanks to the US-China ongoing trade war, President Trump’s tweets about the US-China Trade War and stance on Fed Chair Powell’s monetary policy, fresh new economic data and if the Federal Reserve is to cut interest rates.

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TopstepTrader $100k Combine  - Step 1 | Day 4 (+$542)

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TopstepTrader $100k Combine - Step 1 | Day 4 (+$542)

Today I was able to squeeze out $542 in profits. However, I definitely overtraded and broke a key risk management rule I have by moving my stop and adding more contracts substantially increasing my risk for the last trade. The trade ended green, but to me today I give myself a D+ for the way I traded today.

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