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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #211 (permalink)
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Big Mike View Post
And I should mention the source:

Twitter / TopstepTrader: Top Net P&L ...

Mike

Man, nothing like a publicly viewable leader board to keep ya acting right

Also, it may be obvious, but the 'k' prefix gives you the trader's daily loss limit. And therefore the various account size being traded (50K, 100K, or 150K).

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  #212 (permalink)
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  #213 (permalink)
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Stupid question: is the "loss" number for the combine given ($3K for the $150K account for example) the max loss below the initial balance of the account, or per day?

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  #214 (permalink)
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josh View Post
Stupid question: is the "loss" number for the combine given ($3K for the $150K account for example) the max loss below the initial balance of the account, or per day?

Per day. And you can lose more than that, but if you do the rest of your combine is basically just practice. That's why on the losing end of the spectrum you'll see so many within a few dollars of the DLL - nobody wants to get knocked out

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  #215 (permalink)
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josh View Post
Stupid question: is the "loss" number for the combine given ($3K for the $150K account for example) the max loss below the initial balance of the account, or per day?

@josh

3000 is a single day loss limit. So if they started with 150,000 this morning and hit 147,000 at noon the account would be locked for the rest of the session.

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  #216 (permalink)
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omni72 View Post
Per day. And you can lose more than that, but if you do the rest of your combine is basically just practice. That's why on the losing end of the spectrum you'll see so many within a few dollars of the DLL - nobody wants to get knocked out

And if you lose $2999.99 you're okay, but $3000.00 or more and you are not considered for funding, regardless of how you do afterward, correct?

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  #217 (permalink)
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josh View Post
And if you lose $2999.99 you're okay, but $3000.00 or more and you are not considered for funding, regardless of how you do afterward, correct?

That would be correct.

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  #218 (permalink)
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josh View Post
And if you lose $2999.99 you're okay, but $3000.00 or more and you are not considered for funding, regardless of how you do afterward, correct?

That would be correct.

And that is just for that combine. Once it is complete, the slate is clean and you are eligible for funding again.

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  #219 (permalink)
Tulsa, OK
 
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Undoubtedly, you can find some ideas and possible best practices from the top performers list. But you can definitely get an idea of what the other side is doing when it comes to less-than-best practices:




That hurts, man. Some of those guys are just days into their combine, and they are already out of it for this go-around. I don't know if it comes across yet, but this ain't an easy gig.

It is great to see guys pulling 10k days on just 10 cars. That's awesome. It really is and I hope to see more futures.io (formerly BMT)'ers on that kind of list. But part of what that dude did was NOT do stuff that knocked him out of the the race. Stuff that was common on the other list.

If you want to obsess about anything, obsess about risk.

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  #220 (permalink)
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omni72 View Post
Undoubtedly, you can find some ideas and possible best practices from the top performers list. But you can definitely get an idea of what the other side is doing when it comes to less-than-best practices:




That hurts, man. Some of those guys are just days into their combine, and they are already out of it for this go-around. I don't know if it comes across yet, but this ain't an easy gig.

It is great to see guys pulling 10k days on just 10 cars. That's awesome. It really is and I hope to see more futures.io (formerly BMT)'ers on that kind of list. But part of what that dude did was NOT do stuff that knocked him out of the the race. Stuff that was common on the other list.

If you want to obsess about anything, obsess about risk.

Is the DLL net or gross? A couple of those at the bottom of the list maybe thought it was gross, and didn't factor in commissions.

Mike

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