Is Your Trading Strategy Viable?

<p>Pilots train to fly in simulators before they ever get into a plane. At Topstep, we believe that trading in simulators is a safer way to learn the ins and outs of trading than just throwing yourself into the live market. But how do you know if your strategy that works so well in a sim will carry over to the floor?</p><p>This week on Limit Up! Podcast, Jack and Dan are joined by Topstep founder Michael Patak. They talk about the golden age of trading when scalping was the go-to and talk about how that relates to learning in simulated trade environments. The team also shares metrics to look at to make sure your sim strategy will work for you in the real world. If you’re a trader with Topstep, you won’t want to miss this discussion.</p><ul><li>(01:24) - Is your trading strategy viable?</li><li>(02:18) - Buy everything rally</li><li>(09:24) - Scalping back in the day</li><li>(12:10) - The computer revolution</li><li>(15:36) -<a href="https://www.imdb.com/title/tt6866224/" rel="noopener noreferrer" target="_blank"> <em>The Hummingbird Project</em></a></li><li>(21:00) - Simulators</li><li>(28:36) - Timeframes</li><li>(36:47) - High probability setups</li><li>(39:15) -<a href="https://help.futures.topstep.com/hc/en-us/sections/360011466274-Coach-T-" rel="noopener noreferrer" target="_blank"> Coach T</a></li></ul><br/><p>Limit Up! is a podcast brought to you by <a href="https://www.topstep.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="noopener noreferrer" target="_blank">Topstep</a> about trading, trading psychology, trading life, and pretty much whatever else the wonderful world of markets has to offer. It’s hosted by two former professional traders, Jack and Dan, who still dabble in futures, forex, options, political betting—they basically love to follow the action. They’ll teach you how to trade, but more importantly, how to develop the habits that make traders good. Risk Disclosure: <a href="https://www.topstep.com/risk-disclosure/"