Anybody heard of topsteptrader (review) | Trading Reviews and Vendors


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Anybody heard of topsteptrader (review)

  #190 (permalink)

New York, NY
 
Trading Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
Favorite Futures: CL, GC, NQ
 
Posts: 572 since Nov 2010
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syxforex View Post
They control your losses, there is a formula, they will not let you you burn up cash outside of predetermined risk limits. If you can pass the combine it shouldn't be a problem to stay inside those limits and move the ball down the field. It does take a long time to learn and will not happen overnight. Most of the live traders that I know personally were in the combine for more than one year before getting it, most closer to two years, not including the time they spent trading on their own. Focus on a plan for surviving the time it takes to learn the game before worrying about hitting the field live.

This is true, but if this is to be a source of income, the fine points, risks and limitations should be clear and a trader should be well aware of them in advance, to make sure they are in line with his method/psychology/risk management plan, etc.

BTW, how many live traders do you know there/how many are there at TST?

Once live, is a trader considered 'employed' by them? How are taxes handled, before/after split?

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