TST Skeptic Funded Trader

TST Skeptic Funded Trader Part Two

TST Skeptic Funded Trader Part Two

 

The House within the House Saga continues here at TopStepTrader (TST). I received an email yesterday that allowed us to take trades after one minute after the release of the economic report, but the House within the House pulled my trade today.

Why?

I attempted to go long at 1:02PM CST at 4737 and I was looking for a 1P profit target on the trade which was hit at 1:24PM CST for a 27 tick gain. After I placed my trade a full 2 minutes after the release of the FOMC Minutes I see my trade disappear from my trading platform like it never existed in the first place.

So; instead of, finishing up 34 ticks on the trading day I finish only up 7 ticks. This is another continuation of my trading style not being allowed to flourish here … obviously … I am trying my best to abide by the rules here at TST, but it can be very frustrating to watch your trading edge you are used to having being systematically taken from me in the funded account.

Honestly, this has materially impacted my trading from June 21st to today in the tune of at least $3,000 to $4000 net gains that I have been unable to trade from the time we are not allowed to trade to even today.

I suppose this is why I entitled my last two trading blog posts and videos in the TST Skeptic category.

Why?

Because I am used to having to beat the house (the market), but I am not used to having to beat the house within the house (TST – Topstep Trader). So what should have been a trading gain of $340 less commissions was only $70 less commissions today for trading day 8 of the live funded trading account here at TST.

Below you will find the trading charts I collected on the trading day with some explanations inside on why I took the trade on. Bottom line, what got me excited to take on some trades was the amount of volume (Blue) that I saw mid morning trading. This is why I got involved. The second trade I took for a winner of 22 ticks was what I like to call Bugs Bunny.

As a reminder, the Bugs Bunny is my if you can’t beat ’em then join ’em trade! In this case, the short (selling) was not a valid trade, but going to at least the pivot point was the valid trade, in other words, to go long later in the day.

The FOMC Minutes trade was a beautiful Gann 4th Time Through setup … in this case … I am glad I inputed the trade so they can see they have to remove the trade and hopefully see that they also have to take away the edge on the trade by removing my entry … where I found VALUE to take on the Long after the FOMC Minute report release.

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

TST Skeptic Funded Trader: House within the House Saga Continues …

As Charlie Brown says, “AUGH!!!” Let me say this in conclusion … all of this crap I am going through has me thinking what else will happen next …

Trust me, I understand you have to come in with the attitude that anything can happen … but … why so much grief and lack of trust in my trading skills.

 

Good Trading,

David M. Knight
TradeCraze

P.S. On a sidenote, I received an email from funding yesterday evening informing me that my CLPIT Strategy can be trading once again in the Crude Oil Market. The thing is can I ask for the $1,890 of missed opportunity back? What do you think their answer will be …

 

 

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.