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Anybody heard of topsteptrader (review)

  #902 (permalink)

Chicago, IL
Trading Experience: Advanced
Platform: TSTrader, NinjaTrader...
Favorite Futures: ALL- Futures, Forex, Equities
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Posts: 242 since Feb 2013
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Scaling Plan and Weekly Loss Limit Clarification

Thanks for helping clarify @TradingOgre and @matthew28. You summed it all up pretty well. The Weekly Loss Limit is equivalent to the Daily Loss Limit and is factored based on the sum of the total Net P&L in the calendar week. The Weekly Loss Limit rule is eliminated once the Trailing Maximum Drawdown reaches the starting balance. Your leverage is determined by the Trading Combine account size you choose on day one. As you build/lose equity, your buying power will increase/decrease based on your end of day P&L, according to the graphs that featured here. In the Funded Account, once your cumulative profit is greater than $5,000, you can request adjusted risk parameters.

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