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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

  #921 (permalink)
 
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 Big Mike 
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  #922 (permalink)
 
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 jonnytrade 
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Anyone know what this platform with TPO profile?

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  #923 (permalink)
 
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 bobwest 
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jonnytrade View Post
Anyone know what this platform with TPO profile?

From the look of it, probably CTS T4. John Hoagland has used it in the past for market profile. I recall that T4 is pretty expensive. You can go to the CTS website for details, assuming I have gotten it right.

The other charts (bar charts) are "TSTrader," which is actually Tradovate. Never used Tradovate, no ideas about it.

Bob.

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  #924 (permalink)
 
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 bobwest 
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bobwest View Post
From the look of it, probably CTS T4. John Hoagland has used it in the past for market profile. I recall that T4 is pretty expensive. You can go to the CTS website for details, assuming I have gotten it right.

The other charts (bar charts) are "TSTrader," which is actually Tradovate. Never used Tradovate, no ideas about it.

Bob.

Perhaps @Hoag will answer definitely what platform he's using for TPO Market Profile in this webinar.

Bob.

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  #925 (permalink)
 tr8er 
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jonnytrade View Post
Anyone know what this platform with TPO profile?

as Bobwest already said, this is definitely CTS T4, I've used it a while ago.

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  #926 (permalink)
 
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 jonnytrade 
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bobwest View Post
From the look of it, probably CTS T4. John Hoagland has used it in the past for market profile. I recall that T4 is pretty expensive. You can go to the CTS website for details, assuming I have gotten it right.

The other charts (bar charts) are "TSTrader," which is actually Tradovate. Never used Tradovate, no ideas about it.

Bob.

Thank you for answer @bobwest. About TSTrader I now, but about T4 no. Looks very good, if I correct understand this solution with TPO cost around 60$/mo, but different add-on cost too mach. ( Pricing | CTS)

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  #927 (permalink)
 tr8er 
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The CTS T4 market-profile tool costs $ 10.--/month extra

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  #928 (permalink)
 
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SawDr View Post
Any particular reason why you don't have to be grandfathered to use Ninja when funded with Topstep?

Because TST use the Ninjatrader Brokerage for funded clients using the Ninjatrader platform. See the last column in this platform comparison chart.
https://help.futures.topstep.com/hc/en-us/articles/115010515748-List-of-Supported-Platforms
(Question asked in the Earn 2 Trade AMA thread which I answered here so as not to be discussing TST in their thread)

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  #929 (permalink)
 
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 matthew28 
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I still receive the Topstep emails and these stats for 2021 appeared in my Inbox today:


Impressive Best Winning Day profit, and that Funded Topstep traders are doing nearly 1% of NQ daily volume.
Do other trading firms release these kind of details, if so I never see them mentioned on this forum?

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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  #930 (permalink)
 
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matthew28 View Post
I still receive the Topstep emails and these stats for 2021 appeared in my Inbox today:


Impressive Best Winning Day profit, and that Funded Topstep traders are doing nearly 1% of NQ daily volume.
Do other trading firms release these kind of details, if so I never see them mentioned on this forum?

Very good question.

Aside from that question, which is about TS compared to the others, there's this, and it applies to all of them: it is easy, super-easy to come up with statements like "none of these guys really wants to fund any traders," or "they are ripping traders off" or "they just want you to fail so they can keep the money" or "they don't ever pay anything out," or "they have all these impossible rules to make sure you fail," and other easy shots.

Of course they make money on the fees, and of course new traders with little experience (and old ones with lots of experience) are not, as a rule, going to sign up and become rich. As a rule, traders will undoubtedly win or lose with about the same frequency they do when trading their own accounts, which is a pretty low-win statistic. They will also want to say it's not the fault of their trading. Why should this be different?

(Disclosure: I did really badly with TS when I tried it, but at least I knew that it was me. )

Also, if you don't fit their rules, you likely will not do well, and you shouldn't try to force a trading style that you don't really want to use. Trade your own account with small amounts in micros if that works for you, and you will be in charge of everything.

I have no dog in this race -- I don't care about TopStep or the other guys either. But I do truly wish that there were less blame-shifting and more realism about how hard it is to trade well. It truly is not someone else's fault, as a rule anyway.

So with that, I welcome these stats, because they point to other outcomes. No doubt, for only a few of the hopeful traders who try. But that is going to be true if you trade just your own account too.

Congrats to the ones who did well. Congrats also to the ones who said a funding try-out company was not their path and went their own way. Both of these can be progress.

Bob.

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