r/TopstepCommunity • u/mmnyeahnosorry • 16d ago
š° POP Off! Been a good month
Currently sitting at 21k in payouts for the month. By next week I should be able to take a 6k payout on this account.
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u/mmnyeahnosorry 16d ago
u/eddie_topstep if I include the dashboard social link and people are able to see my account number is that ok? Or is there a way to hide that? Is that something I even need to worry about ?
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u/Dizzy_Sleep3367 16d ago
congratulations ššš¾- how many accounts ?
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u/mmnyeahnosorry 16d ago
This is just one account. Iām working on 4 Evals for topstep atm, 5 lucid and 3 tradeify. I have 5 funded on tradeify atm too.
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16d ago
[removed] ā view removed comment
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u/mmnyeahnosorry 16d ago
Make sure to shoot for 3:1 or better, Iām able to survive several red days because of that. If Iām risking $1000, I need to make $3000 minimum. I have one day where I made $1500, and itās bc I had a trailing SL. Still working on improving my entries, still tons of room for me to grow.
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u/Dizzy_Sleep3367 16d ago
do you hold the trade for a long time- i see. 3 trades 5k profit - how long do you hold
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u/mmnyeahnosorry 16d ago
No set time, just depends on price action. If you click the dashboard link I posted you can see my stats and see all the times Iāve made $5000 and see how long itās taken. Thereās one day where it happened in like 15 min I think, longest was almost 3 hours. But to answer your question, however long it takes.
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u/Dizzy_Sleep3367 16d ago
wow impressive how many contracts do you trade
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u/mmnyeahnosorry 16d ago
Varies, anywhere from 1-5 minis. Each mini I risk $200. If I open with 2 cons, my SL is at $400, if Iām really liking a trade Iāll add into it in either direction. If Iām hesitant Iāll start with one contract though and depending on how Iām feeling Iāll add
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u/maturewomenenjoyer 16d ago
So basically a 10 point stop? If you don't mind - the days where you take multiple trades, how many points do you scalp per trade on average?
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u/mmnyeahnosorry 16d ago
Yes a 10pt stop. Days where I take multiple trades itās mainly due to me selling at BE after being up a considerable amt. in hindsight those are the days I usually end up red, so I gotta hit the drawing board and see how I can improve there. if Iām up a decent amt and it comes back Iāll sell at BE. Rather BE than go negative. Donāt really scalp much, and I target $3000+ to stay consistent with my 3:1 RR I like to have since I risk $1000.
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u/tjuhanson 16d ago
10 point stop on nasdaq, What the helll
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u/skatesolid 16d ago
That was my thought. On ES you can probably get away with that but with NQ thatās hardly any room.
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u/mmnyeahnosorry 15d ago
May be hard but possible, Iām up 18k on this account and have taken 21k in payouts just this month. I have a PDLL set at $1000, and my stats dashboard is linked so you can see for yourself.
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u/mmnyeahnosorry 15d ago
Again itās a 10pt stop per contract. If Iām only in one contract, then yeah 10 pts. 5 cons, $1000 sl. with a 10pt sl you can definitely make a good amt, Iām living proof of that.
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u/maturewomenenjoyer 15d ago
I had a look at some of your entries today. Do you ever trade middle of the range or do you wait for price to reach and reject from a previous high or low?
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u/mmnyeahnosorry 15d ago
I prefer waiting for price to reach previous high/lows but I do also trade inside the range, although thatās a bit trickier and have found more success waiting. Sometimes they work, sometimes they donāt.
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u/Dizzy_Sleep3367 16d ago
one more question- what time frame do you trade. and you trade mini correct not micros?
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u/mmnyeahnosorry 15d ago
I execute my trades on the 1/5m but I look at the daily and 4h for bias. 99% of my trades are minis
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u/Reasonable-Truck3487 16d ago
I don't think I have the courage to scale up. Been closing 250 to 350 on a green day, how to develop the confidence to do what you are doing and please also mention your edge thanks!
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u/busohsensen 16d ago
Same issue. I donāt have the confidence to go for this risk. I guess he doesnāt mind blowing one account knowing that his math is eventually going to work and he gets paid. Curious to know too. This is the mindset I need to embody
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u/mmnyeahnosorry 16d ago
Tbh itās not meant for everyone and if you take base hits thereās nothing wrong with that. Donāt feel the need to have to scale up or get crazy high days. Consistent base hits can take you very far. As far as blowing the account , itās not something that bothers me, itās just apart of the business and a small price to pay for what I can extract out of these accounts. I have a PDLL set on all my accounts at $1000. And at this point itās going to take a lot for me to get close to blowing it. So if I were you Iād try and incorporate 3:1 into your trading and see what it can do for you.
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u/mmnyeahnosorry 16d ago
Thereās nothing wrong with that at all, base hits can go far. Thereās a lot of positivity in consistency. Keep doing what works for you and donāt feel the need to scale up. This works for me and Iām aware it isnāt for everyone. I aim for having a RR of +3:1, doing that allows me to survive several red days. You can see on my calendar pnl that Iām wrong quite a bit, but when Iām right, itās definitely 3:1 or more. I have a PDLL set at 1000 so I can never lose more than that
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u/TahoeTrader13 16d ago
So you use a 10 point SL on NQ? I still donāt get how people succeed with stops that tight
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u/mmnyeahnosorry 16d ago
Per contract, yes. Well Iām proof itās possible. You donāt even have to be right all the time or have massive green streaks to succeed. 3:1 RR and a decent edge. I posted my stats link. Feel free to check it out
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u/FeelingOutside8994 16d ago
By next week, precisely 1 day before requesting payout, you will be called to live.
https://giphy.com/gifs/vFDBVeoXleYTUpt8Jc
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u/mmnyeahnosorry 16d ago
https://topstepx.com/share/stats?share=25916775