One Step Down
Celebrating a small achievement today. I finally passed Step 1 of the $50K Combine. I did have two close calls during this step so I definitely have to start trading much tighter in Step 2 given the weekly loss limit along with staying flat during economic events.
Not bad, I'd say. $3K in eight days definitely shows that I've come a long way. I'm definitely not trying to get ahead of myself, but I do feel like I've found a system to get the consistency I need.
Of course, my trading is far from perfect. September 15th and September 20th were two days that I cannot afford to have happen again. If something similar happens in Step 2, I would be out of commission for a week since these two days come very close to the weekly loss limit that I now have to adhere to.
The latter I don't have much to worry about. Since I currently just focus on NQ and ES, the major news event is NFP. This comes out at 8:30 AM, which is an hour before my trading starts. What I do have to watch out for is FOMC so I do need to make sure I'm not trading one minute before and one minute after.
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| Topstep Step 1 Performance Graph |
Not bad, I'd say. $3K in eight days definitely shows that I've come a long way. I'm definitely not trying to get ahead of myself, but I do feel like I've found a system to get the consistency I need.
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| Topstep Step 1 Journal |
Of course, my trading is far from perfect. September 15th and September 20th were two days that I cannot afford to have happen again. If something similar happens in Step 2, I would be out of commission for a week since these two days come very close to the weekly loss limit that I now have to adhere to.
On these two days, my Net P&L were very close to my P&L Low. This is an indication that I just didn't have a good read and should consider either just sitting out or being very tight with the signals that I take.
Looking forward to the journey ahead with Step 2.