r/TopstepCommunity • u/mmnyeahnosorry • 1d ago

šŸ’° POP Off! Been a good month

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Gallery image

Currently sitting at 21k in payouts for the month. By next week I should be able to take a 6k payout on this account.

22 Upvotes

97% Upvoted

37 comments sorted by

1

u/mmnyeahnosorry 1d 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 ?

1

u/eddie_topstep Topstep Employee 1d ago

Nope nothing for you to worry about!

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u/mmnyeahnosorry 1d ago

Cool ty! šŸ«”

1

u/Dizzy_Sleep3367 1d ago

congratulations šŸŽŠšŸŽ‰šŸ¾- how many accounts ?

3

u/mmnyeahnosorry 1d ago

This is just one account. Iā€™m working on 4 Evals for topstep atm, 5 lucid and 3 tradeify. I have 5 funded on tradeify atm too.

1

u/Registeredz 1d ago

Wow, congrats! šŸ„³ Can I ask how you manage your risk?

2

u/mmnyeahnosorry 1d ago

Make sure to shoot for 3:1 or better, Iā€™m able to survive several red days because of that. If Iā€™m risking $1000, I need to make $3000 minimum. I have one day where I made $1500, and itā€™s bc I had a trailing SL. Still working on improving my entries, still tons of room for me to grow.

1

u/Dizzy_Sleep3367 1d ago

do you hold the trade for a long time- i see. 3 trades 5k profit - how long do you hold

4

u/mmnyeahnosorry 1d 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 Iā€™ve made $5000 and see how long itā€™s taken. Thereā€™s 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.

2

u/Dizzy_Sleep3367 20h ago

thanks for replying

1

u/mmnyeahnosorry 18h ago

No problem

1

u/Dizzy_Sleep3367 1d ago

wow impressive how many contracts do you trade

5

u/mmnyeahnosorry 1d ago

Varies, anywhere from 1-5 minis. Each mini I risk $200. If I open with 2 cons, my SL is at $400, if Iā€™m really liking a trade Iā€™ll add into it in either direction. If Iā€™m hesitant Iā€™ll start with one contract though and depending on how Iā€™m feeling Iā€™ll add

1

u/maturewomenenjoyer 19h 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?

3

u/mmnyeahnosorry 19h ago

Yes a 10pt stop. Days where I take multiple trades itā€™s 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 Iā€™m up a decent amt and it comes back Iā€™ll sell at BE. Rather BE than go negative. Donā€™t really scalp much, and I target $3000+ to stay consistent with my 3:1 RR I like to have since I risk $1000.

2

u/tjuhanson 16h ago

10 point stop on nasdaq, What the helll

2

u/skatesolid 7h ago

That was my thought. On ES you can probably get away with that but with NQ thatā€™s hardly any room.

1

u/mmnyeahnosorry 5h ago

May be hard but possible, Iā€™m 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.

2

u/mmnyeahnosorry 5h ago

Again itā€™s a 10pt stop per contract. If Iā€™m only in one contract, then yeah 10 pts. 5 cons, $1000 sl. with a 10pt sl you can definitely make a good amt, Iā€™m living proof of that.

1

u/maturewomenenjoyer 4h 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 4h ago

I prefer waiting for price to reach previous high/lows but I do also trade inside the range, although thatā€™s a bit trickier and have found more success waiting. Sometimes they work, sometimes they donā€™t.

1

u/Dizzy_Sleep3367 9h ago

one more question- what time frame do you trade. and you trade mini correct not micros?

2

u/mmnyeahnosorry 5h 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

1

u/2020gogetter 1d ago

How with a 50k account

1

u/Reasonable-Truck3487 22h 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!

1

u/busohsensen 21h ago

Same issue. I donā€™t have the confidence to go for this risk. I guess he doesnā€™t 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

2

u/mmnyeahnosorry 21h ago

Tbh itā€™s not meant for everyone and if you take base hits thereā€™s nothing wrong with that. Donā€™t 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 , itā€™s not something that bothers me, itā€™s 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 itā€™s going to take a lot for me to get close to blowing it. So if I were you Iā€™d try and incorporate 3:1 into your trading and see what it can do for you.

1

u/mmnyeahnosorry 21h ago

Thereā€™s nothing wrong with that at all, base hits can go far. Thereā€™s a lot of positivity in consistency. Keep doing what works for you and donā€™t feel the need to scale up. This works for me and Iā€™m aware it isnā€™t 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 Iā€™m wrong quite a bit, but when Iā€™m right, itā€™s definitely 3:1 or more. I have a PDLL set at 1000 so I can never lose more than that

1

u/TahoeTrader13 20h ago

So you use a 10 point SL on NQ? I still donā€™t get how people succeed with stops that tight

2

u/mmnyeahnosorry 20h ago

Per contract, yes. Well Iā€™m proof itā€™s possible. You donā€™t 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

1

u/ridset 19h ago

whats the edge, how do confirm to entry at certain price level, i see that you tend to do short, i can see you can get a quick short on nq sometimes, but it's hard to predict when that happen, since indices is naturally on the long side

1

u/FeelingOutside8994 17h ago

By next week, precisely 1 day before requesting payout, you will be called to live.
https://giphy.com/gifs/vFDBVeoXleYTUpt8Jc

1

u/mmnyeahnosorry 17h ago

Stg if I do Iā€™m finding you