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Anybody heard of topsteptrader (review)
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Anybody heard of topsteptrader (review)

  #271 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,898 since Jan 2011
Thanks: 5,143 given, 11,223 received

@Big Mike, do you have a link for this?

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  #272 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
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josh View Post
@Big Mike, do you have a link for this?

For what? If you mean my last post, it is a Tweet. Michael sends them out every now and then.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #273 (permalink)
Elite, not Elitist :)
San Diego
 
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@Big Mike, you seem really interested in TopStepTrader. Do you plan to try the Combine too?

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  #274 (permalink)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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BeachTrader View Post
@Big Mike, you seem really interested in TopStepTrader. Do you plan to try the Combine too?

No, my trading style (not scalping) isn't a good fit for the Combine. I am interested because I think it can help a lot of people in areas that almost everyone usually avoids (discipline and risk). I am glad to bring these topics to the surface and help them gain attention, because I think they are critically important to a traders success.

I would much rather spend my time on TST threads than on indicator or methodology threads.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #275 (permalink)
Elite Member
Georgia, US
 
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Big Mike View Post
For what? If you mean my last post, it is a Tweet. Michael sends them out every now and then.

Mike

Yes, I just was not sure if this is something that I can go look at online, or if only he has access to it.

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  #276 (permalink)
Elite Member
Lehrte, Germany
 
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Hoag View Post
Josh,
Once you have accumulated net profits of 30k you receive the 80/20 split and do not need to maintain that cushion.

@Hoag
I've got one question regarding the 'cushion size':

Does the amount of 30k apply to ALL account sizes ?
What I'm trying to say is, if I get funded with a 50k account, do I need to build the same cushion size of 30k to get the advantage of an 80/20 split or will this be relativized to an amount of 10k (cause it's only a third of a 150k account) ?

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  #277 (permalink)
Site Administrator
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Posts: 46,163 since Jun 2009
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josh View Post
Yes, I just was not sure if this is something that I can go look at online, or if only he has access to it.

Can't answer that sorry. He tweets them and it looks like a spreadsheet, so probably some internal report or something.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #278 (permalink)
 Vendor: www.topsteptrader.com 
Chicago Illinois
 
Futures Experience: Advanced
Platform: T4
Favorite Futures: ES
 
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Posts: 66 since Mar 2012
Thanks: 23 given, 306 received


Daytrader999 View Post
@Hoag
I've got one question regarding the 'cushion size':

Does the amount of 30k apply to ALL account sizes ?
What I'm trying to say is, if I get funded with a 50k account, do I need to build the same cushion size of 30k to get the advantage of an 80/20 split or will this be relativized to an amount of 10k (cause it's only a third of a 150k account) ?

Yes, the 15k and 30k levels apply to all account sizes. Once that profit level is reached, your split improves and you do not need to maintain that balance.

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The following 6 users say Thank You to Hoag for this post:
 
  #279 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
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josh View Post
questions for @Hoag:

There appears to be a very strange way that the overall stats are being calculated. Instead of being calculated as an entire set, they are calculated as a daily average. So right now my average loss is greater than my average win, but this is only possible if I have lost money net, and I'm up $800. So for two days my average loss was -$303 and -$150. You are averaging these two numbers, instead of averaging all trades. This is obviously not really correct -- if I have ten trades the first day all losing -$200 each, and one trade losing -$5 the second day, my average loss is -$182, not -$102. Help me please if I am misunderstanding this.

@Hoag, or anyone else, could you please explain why the stats are calculated this way, taking the overall average of each trading day, rather the overall average of all trades? Isn't this inaccurate for an overall view of all trades? Just trying to understand.


Last edited by Futures Operator; October 18th, 2012 at 01:24 PM.
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  #280 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
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Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,163 since Jun 2009
Thanks: 29,275 given, 82,773 received




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:

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