TopstepTrader Day 7: Rookie Mistakes and Student Testimonial!
April 5, 2016
Thanks for coming by and reading my blog, I like to call today rookie mistake Monday. Why? Well I didn’t realize I was trading a 13 lot! LOL yea literally I can laugh at this one. I wanted to trade 3 lots for the duration of my combine (4 days left) to get used to the scaling plan in the FTP. I always trade with the chart trader on Ninjatrader and I watch the ticks instead of the actual equity going up and down. So I didn’t notice until I was down over 150 ticks!
My first instinct is to try and make it up well that was dumb. A stupid rookie mistake but it happens, and I’m sure my readers can relate. Ah well, tomorrow is a new day and one step closer the FTP. Got a little equity to make up over the next 3 days but that has never been a problem for me.
Crude did start off sideways so I did take a few losses. And 1 small win. That’s when I checked my equity and seen the mistake. Remember to always check the chart trader or DOM for how many lots you are trading!!! Good lesson to keep me in check.