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List of FIO traders who have passed the TST combine or funded


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List of FIO traders who have passed the TST combine or funded

  #201 (permalink)
 Sirkin01 
Rochester, ny
 
Experience: Advanced
Platform: Nt, ToS, rt
Trading: Crude
Posts: 15 since Oct 2012
Thanks Given: 0
Thanks Received: 22

Basically section 8 goes into if you break any federal laws, in a nut shell, it seems to cover rogue trader not abiding by your size you are permitted to trade etc.


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  #202 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593


Sirkin01 View Post
Basically section 8 goes into if you break any federal laws, in a nut shell, it seems to cover rogue trader not abiding by your size you are permitted to trade etc.


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The last two posts seem to referring to an agreement between the newly funded trader and TST is that correct?

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  #203 (permalink)
 Sirkin01 
Rochester, ny
 
Experience: Advanced
Platform: Nt, ToS, rt
Trading: Crude
Posts: 15 since Oct 2012
Thanks Given: 0
Thanks Received: 22


yes the contract is an agreement for two parties, like any contract. it goes into how profit is divided if there's a disagreement, how things are handles pretty basic stuff. Over all there is no fine print hiding a secret. Its pretty strait forward. I hope this helps.

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  #204 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593


aquarian1 View Post
1. Did you sign a futures account opening form when you were given a funded account?


Sirkin01 View Post
yes the contract is an agreement for two parties, like any contract. it goes into how profit is divided if there's a disagreement, how things are handles pretty basic stuff. Over all there is no fine print hiding a secret. Its pretty strait forward. I hope this helps.


So a funded trader signs an agreement with TST.

==> Do they also sign an futures account opening form?

(This would be a separate agreement with a futures broker in addition to an agreement with TST)

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  #205 (permalink)
 Sirkin01 
Rochester, ny
 
Experience: Advanced
Platform: Nt, ToS, rt
Trading: Crude
Posts: 15 since Oct 2012
Thanks Given: 0
Thanks Received: 22

I signed an agreement with them, you are trading with a pool of money. You don't receive a 50k account per say. you are trading 5 contracts, with a stop loss. That would be equivalent to the risk size of trading a 50k account. you see the change In the Live trader prep. May I ask why is this so important? Topstep has been around for about 9 years and have been vetted by many people, I am just trying to do right by them, they have never did me wrong. If there was something they were hiding or in some way taking advantage of people it would have come out. So whats your concern? what are you searching for? They are a prop company with a different approach to recruiting people. The combine and LTP are your interviews for a job if you pass both you get hired.

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  #206 (permalink)
 
aquarian1's Avatar
 aquarian1 
Point Roberts, WA, USA
 
Experience: Advanced
Platform: IB and free NT
Broker: IB
Trading: ES
Posts: 4,034 since Dec 2010
Thanks Given: 1,509
Thanks Received: 2,593


aquarian1 View Post

==> Do they also sign an futures account opening form?


Thank-you.

I have asked this same question without a reply two times. You have still not answered it.

You could have replied;
"yes you also sign a futures account agreement."

or
"no, the agreement with TST is the only agreement you sign"

There have been several back and forths when one clear complete reply would have done the job.

It is not unusual to wish to read all written agreements before undertaking a contractual arrangement. Indeed it is recommended that you carefully read and understand all contracts.

If the agreements were posted online where I could read them I would not have asked you anything - I would have read the contract(s) and asked the company for clarification if required.

All companies post the contracts and ask you to read them as you will be bound by them.


From earlier in this thread:

aquarian1 View Post
So I want to know all the rules - all the catches - what I will have to sign - what I am liable for, that is in writing not what might be said in a email, etc before I start.
-----------
I find it so laborious to get the whole story that it becomes more time than its worth.

When I ask other FIO members simple questions - they get evasive and say things like:
"Oh post that in the ask anything thread"
"Oh look at the website"
"Oh why not ask support?"


aquarian1 View Post
In passing, if I open a futures account with a futures broker I am able to read the entire account agreement BEFORE starting and decide if I accept all the terms and conditions. It's posted online for anyone to read - just as it should be. Open and above board.)


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  #207 (permalink)
 jdrower 
Alameda, CA
 
Experience: Intermediate
Platform: Sierracharts
Trading: NQ
Posts: 45 since Oct 2011
Thanks Given: 177
Thanks Received: 30

Sirkin01
Now that you are funded and trading 5-contracts, have you found that the TST rules have made you a better trader?
Thx
JD

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  #208 (permalink)
 Raider 
Canada
 
Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker: Rithmic
Trading: ZB UB
Posts: 143 since Dec 2016

You can add me (Raider) to the list of those who have passed. Passed the 150k combine.

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  #209 (permalink)
 Sirkin01 
Rochester, ny
 
Experience: Advanced
Platform: Nt, ToS, rt
Trading: Crude
Posts: 15 since Oct 2012
Thanks Given: 0
Thanks Received: 22


jdrower View Post
Sirkin01
Now that you are funded and trading 5-contracts, have you found that the TST rules have made you a better trader?
Thx
JD

Great question in taking the combines yes I learned patients and size and stop control. Realizing the more trades you place doesn't lead to a bigger account. Waitting and having the ability to pass on trades to find the better trades to take. Yes I am a better trader for TopstepTrader and having to have an accountable set of rules, that I have to follow. To be critical of myself I still fall victim to my own bad habits that every trader has. Tst helped me realize we're I am lacking and what I need to work on.

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  #210 (permalink)
 Sirkin01 
Rochester, ny
 
Experience: Advanced
Platform: Nt, ToS, rt
Trading: Crude
Posts: 15 since Oct 2012
Thanks Given: 0
Thanks Received: 22


Yes the bid/ ask changes it is a live account...

andrej View Post
Hey y'all!

I am wondering about one thing, but haven't seen any comments on this.... can anybody with a funded TST account please confirm that adding/removing limit order actually increases bid/ask in the order book? This would be a simple test to confirm you are trading a real live account at the CME.

Thanks!


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