If it is indeed you (must be right?) I find it a bit lame that TopStep is posting achievements based off a sim account. Not trying to steal YOUR thunder at all but its a pretty good marketing gimmick for them because if this IS the case and you are looking at people's profiles you dont know if they are sim or live.
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I don't think posting results is a gimmick. The criteria to achieve success is not easy just because it is sim. There is a lot at stake when in a combine. Even though the money is fake it's important to take is seriously like the money is real. Can't be laxadasical about it and expect to meet the requirements. I've tried myself.
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I wonder why 90% fail this gimmick if it's so easy.
live profiles can be found in live traders section but they don't post live traders results. all badges you can see in profile are from combines only. For some reason many people try to find out how much TST is making and dissect their business model instead of improving their trading and passing combine.
Trade to live. Not live to trade.
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Congrats on the little girl and your trading progress!!!
I only trade the ES and I know that if i were trading 15 contracts with a max daily and weekly drawdown of $3000 and a total of $4500 max drawdown from the starting balance... i might as well be flipping coins and throw my method in the garbage. I think we'd be hard-pressed to find traders with 20 years of profitability able to do that CONSISTENTLY. Even if you don't trade the ES, is it realisitc you can trade with these restrictions in the long-run? If so, all the power to you, but i know without a doubt that i could not.
Top step trader is a cool idea, though they clearly aren't traders if they are choking you off at their stated figures found here: Live Trading | Trading Program | Funded Trader | TopstepTrader. They make their money from the combine. I wouldn't trust these people with a cent. Ask a prop firm owner whose firm has proven profitability - I bet anything they'll tell you their traders could never survive with TTS's restrictions. Trading is a career, not 20 or 30 trades. The long-run is what matters. TTS is all about the short-term. I personally do not believe anyone at the head of TTS has much trading experience... and if they do, they know that with these restrictions and the cost of a combine, it's a gold-mine of a business plan.
Last edited by bojangle; June 13th, 2013 at 06:51 PM.
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Thanks for the responses. I was definitely not trying to be negative in anyway, I apologize if it came across that way. I was under the impression that those figures (in all those people's profiles) were from LIVE trading. Now I realize its all from sim. Still impressive yes but not as much so, that's all I was saying. Its a GREAT and NECESSARY first step but often times when real money is on the line those sim results change a bit (I am not stating anything that everyone isn't already aware of). I personally could care less about what TST is making off its traders, in fact I think its a great opportunity for people wanting to trade. It's new in the industry and I think it's a step in the right direction. It does help people learn to trade, do they make money off people taking their combines, sure they do , SO WHAT? It's a business and I think it's rather smart of them personally. They make money , IF a person can trade then that person can make money and not risk a dime of theirs, its a win/win. Fact is (here I go again stating the obvious) most traders will fail and do fail. They will go try to pass the combine and they won't. Who's fault is that? No one except the person taking the combine. Spend more time learning if you really want to succeed. Rome wasn't built in a day and trading takes years of hard work (YEARS!) IF you are going to make it.
Anyway, I wish everyone the best. Congrats once again Xelaar, very cool of you to post so open about all of this (the process, your methods etc) and on top of it all you got funded. Well done. You are a bad ass
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