TST 30K Combine

TST 30K Combine Day 3 August 24 2016

TST 30K Combine Day 3 August 24 2016

During today’s trading I had 7 trades for a net of 8 ticks profit. We had what I like to call HVS SKY show up into close, but it didn’t amount to anything.

I went down 28 ticks during trading today before recovering on the CLPIT Strategy during the trading session.

Futures Crude Oil Day Trading Day 3 Summary Video:
Futures Crude Oil Day Trading Live Trading Room Video: HVS SKY Volume Bar

 

 
Futures Crude Oil Day Trading Charts: Day 2 TST 30K Combine Trade Summary

Futures Crude Oil Day Trading Charts: Day 3 Order Fills Today

Futures Crude Oil Day Trading Charts: CLPIT Long Signal

Futures Crude Oil Day Trading Charts: CLPIT Reversal Signal

Futures Crude Oil Day Trading Charts: Head & Shoulders Pattern

Here is a trade where we failed to go up at the 200 BAR SMA on the tick chart. This technical pattern can be of use and benefit in this kind of scenario.

In other words, know your plan and trade your plan. If you don’t have a particular trading pattern or technical pattern to use … then this is where experience comes in to play. To know these kind of trade setups do happen … so make the best of your knowledge of trading.

TST 30K Combine Day 3

In summary, during my trading session after the inventory report was released I took 7 trades and ended up 8 ticks. As was pointed out in the trading room, taken into account actual slippage this may have been a trading day with a slight loss on the trading session.

What I know about winning the combine at TopStepTrader (TST) is this … if you have an advantage should you use it to help you pass the combine? In this case, if you have positive slippage should you rely on this as part of your attack plan?

I suppose you could argue on both sides … I am in agreement that you should take this into account in “real Money” trading. There is no SUCH thing as positive slippage in real money trading. But if you get it in the simulator … should you utilize this knowledge to help you pass the combine?

I would argue yes.

Why? To me it is about exposing a weakness. As a football coach, unfortunately if the other team gets a player hurt, then I will attack the position that has been filled in to determine if the player that came in is better or worse than the player that left. This could be the difference in a successful play or not during the day and perhaps even a touchdown or not if we have a specific play designed to go after the weakness on the field. (perceived or not)

So what I would say as you are looking to pass the combine or ftp … use the advantage to your ADVANTAGE, but recognize when you get to the “big league” this will not be the case so make a plan for that as well.

In other words, have a plan for the Combine, FTP and Funded Trader. They are all different animals. The sooner you realize this in your trading at TOPSTEP Trader (TST), then I humbly believe the better you will be inside TST day trading.

Futures Crude Oil Day Trading Charts: HVS SKY

Good Trading,

David M. Knight
TradeCraze

P.S. CLPIT Strategy get it here

 

 

 

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.