TST Funded Trader Preparation Day 1
Hope everyone and a nice long weekend and had some time to relax clear your mind and get ready for the markets!
Toda is Day 1 of my Funded Trader Preparation with TopstepTrader. Crude Oil was bullish overnight and by the time the pit session opened we were ranging and slowly making our way higher. A slow grind for the next couple hours had me taking a few to many trades. This can happen after a short week or holiday in the markets.
I was anticipating a large turn to the downside I kept trying to be ahead of it so I can take advantage. I got trapped a few like the rest of the players in the markets today and got stopped out. This is where my Risk/Reward comes in and takes over. I was down approximately 70 ticks (-$700) at this point and it gave me the chance to stay in the game and earn it all back.
That’s exactly what I did a great short at 42.30 and I held it for approx. 49 ticks down to 41.81. I made up the losses and ended up back in the black with about 50 ticks (+$500) after commissions.
It is a good start to the Funded Trader Preparation, feel free to click the underlined link and you can read all about TopstepTrader and the rules, profit targets I must meet to get funded.
Tomorrow is Tuesday December 1st and we are in the Live Trade Room with the students!