I just signed up and started my strategy. I’m calling the strategy Hard Right Edge.
Here’s my story. I looked at Collective2 and TopStep about a month ago. I weighed my options and went with TopStep. The prime reason was I felt the funding would be more beneficial versus waiting to accumulate subscribers in my case.
If you’re familiar with TST, they make it near impossible to pass their combines due to their very strict risk parameters. They have a two step process and step 2 is much harder hence a very high failure rate. Basically you have to be very good at risk management to pass and get funding. Well I’m pleased to announce I have passed their stringent rules and now am in the process of getting funded.
Since I’ve passed, I’d like to bring the same trading strategy I used to Collective2. The plan is to simultaneously trade the funded TST account and the strategy I created here. Every trade I take in the funded account, I will also take in the Collective2 strategy.
I’ll write a little about how I trade. I can also provide proof that I passed the TST combine step 1 and 2 and was offered a funded account. I can post the emails or pictures of my dashboard or any other proof anyone is interested in seeing.
I trade futures and trade during the U.S. session. I don’t hold anything overnight.
The combine I took and passed was the $150,000 combine. Since I’ll be taking the same trades, here are the risk parameters I’ll need to abide by. Here are the risk parameters for those not familiar.
-I have a $3000 max daily loss limit.
-I have a trailing max drawdown of $4500. When I reach a profit of $4500, that trailing max drawdown stays at $0.
-Weekly loss limit of $3000. That goes away when my trailing max drawdown hits $0. (When I have $4500 in profits).
-I can’t hold into major economic releases
-I have to follow a scaling plan. I can trade 3 contracts total until I have $1500 in profits. I can trade 4 contracts if I have a profit of $1500 to $2000. 5 contracts with a profit of $2000 to $3000. 10 contracts with a profit of $3000 to $4500. And lastly, any profit over $4500 allows 15 contracts.
Although these are the allowable rules, I can’t expect to realistically trade 15 contracts if I can only lose $3000 in a day. The scaling plan allowable contracts can go down if I drop down in profits. It goes by the total running profit calculated at the end of the day. If I lose some profits, I can drop from being able to trade 5 contracts back to 3 contracts for example.
Anyway, the risk rules are pretty strict and very difficult to adhere by. I had to make $9000 in profits while following these risk parameters. Twice. Since you have to pass step 1 and step 2. That’s what makes it so difficult. They want to make sure you didn’t get lucky the first time around. So I passed twice. Once you pass step 1, you start over. You have to make another $9000 with these risk rules two times and they will offer you a funded account.
Now that I got that locked up, the plan is to trade the funded account and Collective2 account with the same exact trades. For now, I’m charging a whopping $0 to join my strategy. I hope you find value in this and decide to join my strategy.
Again, the name of the strategy is Hard Right Edge.
Thank you for taking the time out to read and your consideration.