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

  #311 (permalink)
Legendary Market Wizard
Portland, OR
 
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Massive l's Avatar
 
Posts: 1,840 since Mar 2011
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I feel the 50/50 split is a little high.

Anyone else feel the same way?

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  #312 (permalink)
Legendary Market Wizard
Cincinnati Ohio
 
Trading Experience: Intermediate
Platform: NinjaTrader
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Massive l View Post
I feel the 50/50 split is a little high.

Anyone else feel the same way?

Here is the actual profit split. I dont think it is too high for someone trying to get into the business but can not afford to by his own means.

Robert


Quoting 
Funded Trader Profit Split

If the funded trader has profits as specified below in the account they will receive the following profit split:

$0-$15,000, trader keeps 60% OR 65% profit split (60% or 65% to the trader and 30% or 35% to the equity partner)*
$15,000-$30,000, trader keeps 70% (70% to the trader and 30% to the equity partner)
$30,000+, trader keeps 80% (80% to the trader and 20% to the equity partner)

*A funded trader will start with a 65:35 profit split (65% to the trader and 35% to the equity partner) if he or she went through the Intuitive Development for Traders course PRIOR to meeting the Combine objective and being taken live.

Open a Trading Account | TopstepTrader FAQ See funded trader


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  #313 (permalink)
Legendary Market Wizard
Portland, OR
 
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Nice...I must've been speed reading
That's not too bad!

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  #314 (permalink)
Legendary Market Wizard
Georgia, US
 
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From what I understand, once the 70% and 80% are reached, that's where the trader stays even if the equity goes back down a bit. For example, if I start with a $50K account and grow it to $80K, I reach 80% status. Then if I lose equity and go back to $70K, I still can take profits at 80%. If someone from TST could confirm that would be great, but I think this is correct.

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  #315 (permalink)
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Cincinnati Ohio
 
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Broker/Data: Futures Broker
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Silver Dragon's Avatar
 
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I posted a Risk Management spreadsheet pertaining to Top Step Trader in my journal. It may be useful to traders looking to give TST a try.

https://futures.io/trading-journals/23119-breakout-journal-journey-full-time-trading-12.html#post286263

Robert

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  #316 (permalink)
Chicago Illinois
 
Trading Experience: Advanced
Platform: T4
Favorite Futures: ES
 
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josh View Post
From what I understand, once the 70% and 80% are reached, that's where the trader stays even if the equity goes back down a bit. For example, if I start with a $50K account and grow it to $80K, I reach 80% status. Then if I lose equity and go back to $70K, I still can take profits at 80%. If someone from TST could confirm that would be great, but I think this is correct.

That is correct Josh, it is based on cumulative profits, not sustained balance.

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  #317 (permalink)
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Georgia, US
 
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Hoag View Post
That is correct Josh, it is based on cumulative profits, not sustained balance.

Thanks Hoag; also, wanted to thank you for a couple of really nice webinars, I really enjoyed the one last week with Greg W., very practical and actionable.

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  #318 (permalink)
Como Italy
 
Trading Experience: Intermediate
Platform: Ninjatrader, customized
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I noticed looking at lists of funded traders that most seem to be trading the more volatile instruments (eg, CL rather than ES).

I wondered if that showed that CL was easier to trade than ES, but then realized that their profit targets and contract size limits don't vary at all with the instrument's volatility - which seems to be ignoring fundamental differences both in the instruments and in the way people trade them.

The benefit of trading (e.g.) CL vs ES is that you can get many more ticks per contract from average moves, while the benefit of trading the ES over the CL is that you can trade more contracts. A performance metric that maintains the same ticks per contract regardless of instrument, seems to greatly favor the more volatile instruments.

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  #319 (permalink)
Tulsa, OK
 
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futuretrader View Post
I noticed looking at lists of funded traders that most seem to be trading the more volatile instruments (eg, CL rather than ES).

I wondered if that showed that CL was easier to trade than ES, but then realized that their profit targets and contract size limits don't vary at all with the instrument's volatility - which seems to be ignoring fundamental differences both in the instruments and in the way people trade them.

The benefit of trading (e.g.) CL vs ES is that you can get many more ticks per contract from average moves, while the benefit of trading the ES over the CL is that you can trade more contracts. A performance metric that maintains the same ticks per contract regardless of instrument, seems to greatly favor the more volatile instruments.

Looks like funded traders have been putting @Fat Tails' work to good use: Comparing Index Futures


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  #320 (permalink)
Legendary Market Wizard
Georgia, US
 
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omni72 View Post
Looks like funded traders have been putting Fat Tails' work to good use: Comparing Index Futures


Yes I remember reading this, and it always made me feel good about trading CL, that I was trading an "efficient" instrument. But that is no reason in and of itself to trade an instrument. Likely many people trading CL would do better with something less volatile, but if someone is trading it and doing well, then more power to him!

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