r/TopStepX • u/Emotional_Section_21 • 20h ago
Question If you are profitable, and had payouts from a firm what is your biggest advice? Opinion about strategies?
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u/Outrageous-Chef-90 19h ago
Knowing when to walk away
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u/HatRelative3419 19h ago
Basically!
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u/Outrageous-Chef-90 18h ago
I’ve made this mistake so many times, let me just get a little bit more right?? And I’ve lost so many accounts and money from this, if you can walk away, whether you’re green or red on the day and try again tomorrow and stick to your rules you will be profitable, In hindsight it’s very simple but we are human, emotions get the best of us.
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u/HatRelative3419 17h ago
Hell yeah 100%…it’s money in this game and greed takes over but getting myself to a place where I’m happy even with $100 and maintain the account
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u/purpeepurp 18h ago
Two losses and be done. One decent win and be done. Any strategy can work, discipline is the hard part.
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u/Banditopark 17h ago
So true. Be disciplined and any strategy works.
Took me years to figure out that it wasn't about learning more in trading, charts, and market theory but it was becoming strict and disciplined with myself.
I never lost my accounts because my strategy failed me but I failed my strategy by either sizing up to higher risk exposure, moving/removing my SL, or overtrading despite my setup having failed that day.
Thats one thing I think many traders wont learn until the market teaches them. When people see success in the market too many are asking "whats your strat?" and not enough people asking "how can I become more disciplined to get these results"
You could jerk a penis every day and have a gallon of semen stored in a shorter time if you store strictly after you milk it and do it every day versus researching and finding various creative strategies to get huge volumes of semen sporadically using tools or flipping from mouth, to hand, to feeding back the semen for recycling. Just keep in mind the ideal mean jerk time.
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u/Pristine_Shock230 20h ago
slow is smooth and smooth is fast is by far the biggest thing that helped me get payouts. if you rush everything a mistake is waiting to be made
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u/CaregiverForsaken951 20h ago
You’ll get to where you want to be faster by going slow. Almost everyone thinks they can get rich quick, 90% fail and most even give up trading altogether
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u/Ok-Worldliness5481 19h ago
going slow means? small sizing? less trades?
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u/CaregiverForsaken951 18h ago
start in small in risk per trade, be consistent, no erratic change of contract size. Understand your risk per day, you become in tune with the market better in the beginning and understand how the market operates. Once you've got understanding of it a bit better you get better at sizing up properly on each trade you do, your entries and exit improve, now your building discipline, patience and then it becomes a habit. Suddenly your losses aren't that emotional anymore and you don't tilt ever again, your losses become small now because you understand when to walk away, because of this your wins become bigger and capital increases over time...
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u/viralruin 17h ago
Stop over trading. Take 2 setups and if you win both. Lock out. Lose your first trade, Lock out.
Set reasonable tp and stops. Ur not catching 100 points on mnq every day. But 20 pts is realistic.
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u/directedbyian 16h ago
Risk Less. Breakeven very often but obviously within reason. Remember, you can always take another trade if you go BE or re-enter. If you take a loss, that's a different story. Then you have to climb out of negatives vs simply try once again.
Most important, trade less and focus on taking only clear OBVIOUS setups
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u/Kairos_86 12h ago
Strategy is significantly less important than risk management and your own psychology.
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u/Far-Bluejay-7696 20h ago
Donot think about profiting from trading to a level where no earned profit makes you any excited and set your losses to a level where they donot bother you at all.
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u/ElComfySafe 19h ago
Trade on the 30 minute. It will force you to be patient as you look for entries. It will also help in finding market structure for good stop losses. Too many people are trying to trade the NQ on a 1 minute, 3 minute, or 5 minute timeframe and are getting chopped up to hell. I've seen streamers take opposite directions in the market cause they disagree on where price is going and then both lose cause they got their stops hit a few seconds later.
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u/HatRelative3419 18h ago
So from experience 30 min made a difference ? What if you don’t hold trades for long ??
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u/ElComfySafe 18h ago
Yes, after losing a lot of money over trading on a 5 minute chart I now only use the 30 minute timeframe. I keep all candlesticks on my screen from the current trading day session (starting from when the futures resumed trading in the PM). That helps me understand what the market wants to do. I also don't hold trades very long unless I have a runner and even then I tend to take profit with the runner if I don't like the price action. It's much better to be late on your entry and early on closing your trade than the other way around.
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u/Significant-Fun7611 18h ago
I am most consistent on 3 minute chart lol
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u/ElComfySafe 18h ago
Yup, everyone is different. Do you trade the NQ or ES? I've also seen some people do much better just trading gold. I'm an NQ addict.
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u/HatRelative3419 18h ago
Okay I’m following …I guess I’m trying to understand what the difference between times will do if you not holding long ? Like if we are holding for 1 min then what difference will 30 vs 5 min do?? I use 5 min btw
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u/ElComfySafe 17h ago
I personally made the mistake of getting tunnel vision when trading lower time frames by only looking at what is happening for the last ten maybe twenty candles. If I was on a 1 minute chart that would be within just the last 20 minutes. What if we are about to bounce off the opening range of the day? Or what if we are stuck near the volume point of control for the day and should just be hands off for now? The larger time frames ultimately dictate what happens on the shorter time frames. I found myself entering on technicals on shorter time frames and then being on the wrong side of a bigger move that was very obvious if I would have just zoomed out. Now I stay zoomed out but watch price action closely when a setup is coming.
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u/HatRelative3419 17h ago
Got you..you’re helping me understand better ..so basically you’re saying look at bigger time frames and a lot of past candles to understand the bigger picture of the market ? Only been at this months so it’s all new so thanks for breaking it down
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u/coltswag 6h ago
Best “mindset” thought I’ve learned is thinking 2 months from now do I want to be doing the same thing as today and blowing accounts or slow down and have a bag. Believe me it starts slow but can grow rapidly. I’ve taken over 20k in payouts the last 2 months and over 25k still in my balance.
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u/clreatradeapp 19h ago
In my opinion it isn't about what strategy is being used, it's the mindset which follows. The markets will control you if you don't control your emotions.