Over 7 years ago when we started MrTopStep, we did it with the idea of doing something different, and I think we have. People from all over the world make up our followers. There is a common bond between traders and it’s called sharing, which is what MrTopStep.com is all about.

According to Webster’s Dictionary the definition of “collective” is as follows:

“shared or done by a group of people: involving all members of a group”

MrTopStep is a collective for several reasons, but the main reason is that one trader cannot keep up with everything. There are just too many moving parts today. With so many markets and so many macroeconomic forces at work, plus the added push and pull of algorithmic trading programs, no one person can cover it all. Thus the collective, where 30 to 50 traders all put in trading “flow.” In all honesty, the collective doesn’t miss much. It works well for me also; if I don’t know the answer to a question I just ask the MrTopStep trading room and within a minute or two I have my answer. It truly is a case of the minds of the many are greater than the minds of the few.

So who is the collective and who leads it? The collective is a mixture of banks, hedge funds, prop trading firms and individuals in the MrTopStep trading room. We get flow out of the interest rates from Jack Broz from Broz on Bonds. We get S&P and S&P options flow from Brian Shepard directly from the S&P pit. When the markets are moving, trading flow comes from everywhere, including people like the head of Goldman Sachs’ prop trading desk keeping us up with what the big firms are looking at and talking about. It’s a conglomerate of buyers and sellers that trade everything from bonds to crude oil.

Join our room any time and try it out for a month. Just keep the chat room open while you go about your other business and listen for the alerts and follow the discussions and contributors whose markets and trading style interest you. We have filters so you can customize the flow of information to your specific needs. And no hard selling from MrTopStep: if you want to cancel, just tell us and we’ll refund the balance of your payment. I won’t say “no questions asked,” because we always want to know how we can improve our service. But we respect you and hold ourselves to the kind of standards you should expect from pros. In today’s high-flying world of electronic trading, we believe traders need all the tools they can get, and at MrTopStep we not help provide them, but we trade off them too.

The MrTopStep crew is working overtime to make sure the PitBull Unplugged webinar will be a smashing success. There are a few others doing webinars on Saturday and all I have to say is good luck. Our webinar will include one of the best independent traders of our time, a look at MarketDelta, LiveSquawk and Marlin Cobb from MrTopStep will be showing the MiM and some other cool stuff we are working on. I hope to see all of you there.

Thank you,
Danny Riley AKA MrTopStep

MrTopStep Unplugged Feb 28th webinar featuring the PitBull Marty Schwartz.

SIGN UP NOW!!!

In Asia 6 of 10 markets closed higher and in Europe this morning 8 of 12 markets are trading higher. Today’s economic schedule includes CPI, durable goods, jobless claims, FHFA house price index, EIA natural gas report, Kansas City manufacturing index, Dennis Lockhart speaks, 7-year note auction, Fed balance sheet and money supply.

Our view: I keep thinking we are getting close to a pullback from this latest rally. The Nasdaq is 2% off of its 2000 tech bubble highs and the S&P and Dow are making new highs almost daily. From the January low of 1970.25 to yesterday’s new all-time high, the ESH15 has rallied 47.50 handles. Something has to give …

“WHERE HAS THE VOLUME GONE?”

http://youtu.be/nhofKDoYbFo

As always, please use protective buy and sell stops when trading futures and options.

• In Asia 6 out of 10 markets quoted closed higher: Shanghai Comp +2.15%, Hang Seng +0.50% Nikkei +1.08%
• In Europe 8 of 12 markets are trading higher: DAX +0.41%, FTSE -0.06%, MICEX +0.99%, Athens GD.AT -2.34%
• Fair value: S&P -1.94 , Nasdaq -0.81 , Dow -14.73
• Total volume: 972k ESH and 3.7k SPH traded
• Economic schedule: CPI, durable goods, jobless claims, FHFA house price index, EIA natural gas report, Kansas City manufacturing index, Dennis Lockhart speaks, 7-year note auction, Fed balance sheet and money supply.

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