Halfway
This post will be short as I don't have much to talk about other than a quick update on my Topstep Combine performance.
The past two trading days have been great. I feel like I am getting a bit of consistency as I've been paying closer attention to intraday structures. By plotting key levels, I found myself to be a bit more patient. This resulted in two $1K days and I hope that this will continue to the following week.
Obviously, I'm not going to try to gun it for $1K, it would still have to depend on the overall volatility in the market.
 |
| TSTrader Performance Center (09/16) |
Although my AWT is smaller than my ALT, my expectancy is positive given my 73% win rate. This can be observed in the cumulative P&L chart. I was very consistent in being able to grind up. My non-cumulative chart showed that I did take losses throughout the day. The great thing is that these losses didn't bother me as I was able to continue securing wins.
 |
| TSTrader Performance Center (09/17) |
My profits the following day were slightly lower, but I'd say I did better since my overall expectancy went up by a dollar or so. This is because I was able to close the gap between my AWT and ALT. However, my win rate did go down slightly, which we can hypothesize why over on the cumulative P&L graph.
After taking a loss on my first trade, I was able to recover in the subsequent trades. However, I quickly returned the profits, which brought my cumulative P&L closer to zero. This is because of the tougher start on Friday, which can be seen in the flip flop on my non-cumulative P&L.
To sum up what I've been doing differently, here's the NQ chart spanning across the past two trading days. I drew these levels in hindsight because I often just put two levels on when trading in real-time. I'll remove the levels that are no longer relevant to me once I've taken some kind of reversal or breakout trade.
 |
| TSTrader NQZ1 |
As you can see, Friday's levels (second section) weren't nearly as well developed as opposed to Thursday's. I think this is what I've observed about Fridays in general. I really struggled in the first hour to get a sense of the market direction and that showed in both my non-cumulative and cumulative P&L charts.
This is something that I'm going to be focusing on for the week ahead. I will continue plotting two key levels and let them evolve over time to provide me with visual cues as to what the current structure is indicating. My aim, optimistically speaking, is to finish up Step 1 of the $50K Combine by the end of the week.