Speaker A
It's payday, baby.
Pro trader shares his journey to a $170K profit and multiple payouts on Topstep prop firm in 23 trading days.
Key Takeaways
- Consistent trading discipline leads to sustained profitability in prop firm accounts.
- Understanding market retracements and volume is critical for managing trades effectively.
- Small, repeated profits can accumulate to significant overall gains in a short period.
- Risk management, such as moving stops to break even, helps minimize losses.
- Transparency in trading results builds trust and credibility with the audience.
Summary
- Trader discusses receiving the fourth payout from Topstep and nearing a live account upgrade.
- Describes trading strategy involving managing stops and reacting to market volume and price retracements.
- Highlights market behavior with repeated 10-point highs and 20-point retracements providing trading opportunities.
- Mentions an inversion of imbalance as a key technical observation during trading.
- Reports consistent profitability with only one red day in 23 trading days.
- Total profit reached $170,000 with some days earning up to $40,000 to $45,000.
- Acknowledges requests for payouts of $5,000 and $10,000.
- Started trading the XFA account on March 21 and reports results as of April 25.
- Emphasizes disciplined risk management by going break even in high volume situations.
- Shares transparent performance metrics to inspire and educate viewers on prop firm trading.
Full Transcript — Download SRT & Markdown
Speaker A
This is going to be the fourth payout on Topstep.
Speaker A
One more payout after this, then we get moved into a live account, man.
Speaker A
I'm going to join the ask.
Speaker A
I'm going to float a stop at like 70.
Speaker A
Added five more there.
Speaker A
Equal lows, wait on the ask.
Speaker A
Chat.
Speaker A
Got to go break even on that, too much volume not to go break even and regret it.
Speaker A
It's just been a market that takes highs by 10 points, gets 20 point retracements, takes high 10 points, 20 point retracements, takes high even here 10 points, 5 points, 20 point retracement, so there has been decent ranges to trade back to the downside.
Speaker A
This is an inversion of the imbalance here to the left.
Speaker A
35.
Speaker A
Took five off on the break of 40.
Speaker A
15 is getting filled here at 37.
Speaker A
Nice, clean.
Speaker A
Check this out, I started this XFA on the 21st of March, it is now the 25th of April.
Speaker A
And we have only had one red day in 23 trading days.
Speaker A
We're $170,000 in profit and only one red day of $2,000.
Speaker A
Some of my biggest days are $40,000, $45,000, $15,000.
Speaker A
Thank you for the request of $5,000.
Speaker A
I have two of those emails, $10,000 in profit.
Topics:prop firm tradingTopsteptrading payoutsday tradingrisk managementtrading strategymarket retracementstrading profitsXFA accounttrading discipline
