TopstepTrader Funded Trader Preparation Day 5
Today was Day 5 of my TopstepTrader Funded Trader Preparation, I traded live with a student today and we focused on watching Crude Oil Futures CL. The first hour of movement we found ourselves trading inside of a range until it had a small break out to the down side.
After losing my first 3 out of four trades and the winner being break even I was in the hole about -40 ticks. Stayed patient and spotted a short and had two nice winners, A total of 11 trades winning only 5 of them and coming out with 45 ticks net. ($450)
The winning percentage was 45% and that is when our risk/reward takes over and we can still profit in a sideways or choppy market. All you need is a few good trades with a min, 1/3 risk/reward. That’s what the Momentum Trading Strategy is all about.
I’m now approx. 100 ticks away to my target with 5 trading days left to complete and pass the 150k Combine and Funded Trader Preparation to get back in to the Live Funded account and team.
Feel free to send me an email or add me to Skype to chat.