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

  #281 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
Favorite Futures: NQ
 
Daytrader999's Avatar
 
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Hoag View Post
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.

@Hoag
Thanks a lot for clarifying this.

So, on the other hand one needs probably decent more time to reach the 15k / 30k profit level if a smaller account size is traded.

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  #282 (permalink)
 Vendor: www.topsteptrader.com 
Chicago Illinois
 
Futures Experience: Advanced
Platform: T4
Favorite Futures: ES
 
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Futures Operator View Post
@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.

Futures operator,
Just to clarify, the average winning trades and losing trades are calculated by a running total of all the trades through the Combine. If you have any further questions about how the stats are calculated, feel free to contact us. Trade well.

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  #283 (permalink)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
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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.

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  #284 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,165 since Jun 2009
Thanks: 29,277 given, 82,778 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 3 users say Thank You to Big Mike for this post:
 
  #285 (permalink)
Elite Member
Detroit, Michigan
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: Futures
 
Posts: 295 since Nov 2011
Thanks: 295 given, 280 received

Great video....usually the best advice is the simplest.

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  #286 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 719 since Oct 2011
Thanks: 624 given, 2,441 received

I was curious about this program, even though I already trade a decent sized account. I am pretty confident i could meet the profit objectives . However, the subjective criteria such as "time in a winning trade versus a time in a losing trade" is something I'm not comfortable with. It seems to exist to give reasons to reject someone even if they prove to be consistently profitable. What if I catch some explosive moves in CL that yield 50 ticks in a couple of minutes? That happens frequently and I often score those moves as anyone who has followed my thread can attest to. Sometimes I take slower moving trades that might remain 5 or 6 ticks down for a long period of time before finally going on to hit their target..or hit my stop. So I don't see the duration of time in regards to whether one is negative or positive in a trade to be of any importance whatsoever.
The only objective criteria, in my opinion is whether you meet the profit objectives and simultaneously adhere to the drawdown requirements.

Failure is not an option
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The following 3 users say Thank You to lancelottrader for this post:
 
  #287 (permalink)
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lancelottrader View Post
I was curious about this program, even though I already trade a decent sized account. I am pretty confident i could meet the profit objectives . However, the subjective criteria such as "time in a winning trade versus a time in a losing trade" is something I'm not comfortable with. It seems to exist to give reasons to reject someone even if they prove to be consistently profitable. What if I catch some explosive moves in CL that yield 50 ticks in a couple of minutes? That happens frequently and I often score those moves as anyone who has followed my thread can attest to. Sometimes I take slower moving trades that might remain 5 or 6 ticks down for a long period of time before finally going on to hit their target..or hit my stop. So I don't see the duration of time in regards to whether one is negative or positive in a trade to be of any importance whatsoever.
The only objective criteria, in my opinion is whether you meet the profit objectives and simultaneously adhere to the drawdown requirements.

My understanding is that you could put forth a custom combine plan without this particular metric/criteria, and your reasons for its deletion, and they might approve it.

I also heard Michael say that the number of people that pass a custom combine are far, far fewer than those who take the regular course. This seems to indicate people haven't really tested themselves prior to joining the combine, if they write a custom plan for their own style and still can't pass it...

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 3 users say Thank You to Big Mike for this post:
 
  #288 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,165 since Jun 2009
Thanks: 29,277 given, 82,778 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 3 users say Thank You to Big Mike for this post:
 
  #289 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, Illinois
 
Futures Experience: Beginner
Platform: T4
Favorite Futures: Futures
 
Posts: 8 since Sep 2012
Thanks: 14 given, 28 received


lancelottrader View Post
I was curious about this program, even though I already trade a decent sized account. I am pretty confident i could meet the profit objectives . However, the subjective criteria such as "time in a winning trade versus a time in a losing trade" is something I'm not comfortable with. It seems to exist to give reasons to reject someone even if they prove to be consistently profitable. What if I catch some explosive moves in CL that yield 50 ticks in a couple of minutes? That happens frequently and I often score those moves as anyone who has followed my thread can attest to. Sometimes I take slower moving trades that might remain 5 or 6 ticks down for a long period of time before finally going on to hit their target..or hit my stop. So I don't see the duration of time in regards to whether one is negative or positive in a trade to be of any importance whatsoever.
The only objective criteria, in my opinion is whether you meet the profit objectives and simultaneously adhere to the drawdown requirements.

lancelottrader, you may submit a request to be evaluated on a customized Combine objective (you may choose to omit or change certain requirements such as the trade duration requirement). More information about how to do that may be found here: TopstepTrader - Where Talent Meets Opportunity. Let me know if you have any other questions!

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The following 2 users say Thank You to mfootlick for this post:
 
  #290 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
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Posts: 1,589 since Sep 2010
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mfootlick View Post
lancelottrader, you may submit a request to be evaluated on a customized Combine objective (you may choose to omit or change certain requirements such as the trade duration requirement). More information about how to do that may be found here: TopstepTrader - Where Talent Meets Opportunity. Let me know if you have any other questions!

Hey... another TST guy...

Nice to have a TST presence here at the futures.io (formerly BMT). Thanks @mfootlick


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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