TopStep /SIL /SI /GC

I started Topstep 50k combine which for real trading may be too small. For my style of averaging and hedging 5 contracts is probably too few. In normal conditions I can get to green with 2 contracts, which means a single averaging. But when something hits something then I have to start digging, and 15 contracts might be just enough. Nevertheless I'll play 50k until fail then start 150k.

I hate predictions. I hate levels. I hate middle. I hate waiting. That's why I have my templates setup this way. I trade from outside BB targeting the middle. When it fails, I average and hedge. That's it.

Take a note these are renko charts, and the size of the renko is the spread. The spread on /SIL and /SI is 0.005. On /GC it's 0.1. Works very well.

BB is 200,2. Works nice too.

Oh, right. You may ask, how can you hedge in futures? Heh, that's easy. When silver runs, I hedge with gold. LOL.

/SIL and /GC have same tick value of $5 dollars. So these are the instruments I trade for now.

I'm going to bed. I was lucky tonight not to leave any open positions for london. It was a meh session. Lots of mistakes. That's the top priority: avoid mistakes.

Unfortunately, I have to wait sometimes to get to green. Then I watch XAU/XAG. That can give clues on what to expect.

More mistakes, but hanging there. Back to "real" job.

Got benched today for $1000k loss. Did something really dumb: tried to average on BOTH instruments, contrary to my plan to average on one instrument and hedge on another. And of course standing in front of the train.

Gold and micro gold

Back to green today on 50k combine. Much safer entries. Hedging Gold with Micro gold seems a viable strategy.

Need stronger hands

Straight average on /MGC. Tried to hedge with /6A and /M6A. That was hilarious. AUD futures wouldn't move a tick for minutes. Worthless.

Passed 50k combine for sheets and goggles. Felt like random luck. Trading GC and hedging with MGC, obviously single day horizon. Don't wish me luck, this sh#t repeats every day.