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

  #451 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 221 since Feb 2013
Thanks: 47 given, 650 received


DarkPoolTrading View Post
Hi @fourtiwinks,

Let me just clarify before I get in trouble. Firstly, from my understanding most things are negotiable with TsT. However, one resounding theme of those that go to ltp and live are that they have to cut their position size. This is not a bad thing. It's so you learn to build up the account slowly and dont blow out in a few days. Fair enough.

If you're trading a large combine, then you may be required to reduce your position size down to 2 or 3 contracts to start. Then you can add more as you grow the account. However when it comes to the 30k combine because you can only trade 3 contracts anyway, reducing your position size means going to a 1 lot. So far i've only heard of 1 person who was allowed to trade more than a 1 lot after passing the 30k.

So with that in mind, I personally find the 50k very appealing because you might only be required to reduce your position size down to a 2 lot, so you can continue scaling out. However the maths with the 50k in relation to the 30k are not as good in terms of risk:reward and profit objective in relation to position size.

Just thought id add that, in case you thought I was talking about all the combines. Im specifically talking about the 30k, and that the VAST majority (but not all) are made to trade a 1 lot after passing which completely screws with those who rely on scaling out. If they change the requirements of the 50k, Ill certainly be looking at it as an option.

Darkpool- Thanks for clarifying. This is a case by case situation when a trader starts with a funded account. Some start with the exact buying power of their successful Trading Combine and some we discuss dialing it back until Senior level.

All in all, our goal when a trader is on a funded account as is the goal of the trader, and the equity partner is to build the account and be profitable. We will do what we can to put traders in the best position as our interest is aligned for real trading success. Our Funded Trader are performing better than they ever have and all parties involved are very happy with where things are at.

mp

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #452 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 221 since Feb 2013
Thanks: 47 given, 650 received


jsengxx2 View Post
I have heard that they tighten the rules in the LTP buy this I mean you have to go to BE after an x amount of ticks in profit etc and I think that this behavior can influence your trading negatively.
It is like topstep is after your initial deposit and not looking for trading talent.

Maybe topstep can post the trading rules in the LTP here and please do not come with the answer that the rules are different for traders with regards to the outcome of the combine!

jsengxx2- Here is a link to our help section that has everything you need to know about Live Trader Preparation.

Futures Live Trader Preparation ? Help & Feedback Center

Let me know if anything is unclear or if you have any questions.

mp

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #453 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 221 since Feb 2013
Thanks: 47 given, 650 received

Lower Profit Targets - Early Announcement!


All,

I want to give you all an early announcement that we are lowering the profit targets as listed in the email/image below that will be going out to those in the TopsepTrader community tomorrow morning.

I am very excited about this for a couple reasons, first I am a trader and feel these are very achievable with discipline, patience and a good trading plan. Second, with the exceptional performance this year from our Funded Traders we are able to get more approved by our Equity Partner.

Contact support@topsteptrader.com or 888.407.1611 with any questions as I will be out of the country for the next three days and unavailable to respond on this forum. (A friends wedding in Mexico that I have been looking forward to for quite awhile.)

Have a great holiday weekend.

Trade well and always trade for tomorrow.

mp


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #454 (permalink)
Membership Temporarily Revoked
London, UK
 
Futures Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Favorite Futures: 6E futures, Cable
 
Posts: 93 since Aug 2012
Thanks: 3 given, 122 received

I started a combine back in March to see what it would be like to trade with outside rules. I have bee trading for years, with an overall win rate of above 80%, trading at times when it seems fit to trade , depending on the context, as opposed to having specific trading times etc.

I went for a modest 50K combine. It was initially connected on the wrong platform, so I asked for it to be changed, which it was. I then realised after a few days that it had been set on the wrong number of days (10 instead of the requested 20). A new account/combine from scratch was created with the correct number of days, and I was told to forget about the 1st one, which I did. Several days after into trading, I noticed something strange and contacted support. It turns out they had kept the initial account after all, and had not connected the new one, altough I was told to trade on the new created one and forget about the initial one. So a 3rd combine was started (slightly annoying, but given I trade consistently no big deal). I kept a trade open outside of trading hours, and my new combine is therefore not going to be looked at.

Right. I understand then pint of having rules. My first point would be that if you expect rigour from Traders, you might want to be rigorous yourself, which,based on that experience, is not the case. I understand that one of the rules is "not to trade out of permitted hours". I sometimes keep open position overnight, IF there is a good reason for it. Unfortunately the market does not care too much about "trading hours". Anyway,this is the rules. If would be a good idea to display those hours very clearly in the same place where other main rules are displayed, because altough it can be found somewhere and it says "to trade p only during permitted hours", it would be great to display those hours clearly somewhere. It might be obvious to someone in the same time zone, I don't know, but it is not to everyone else, at least it was not to me.

The same applies to support. It is very friendly, but I had to wait 2 days in several occasions to get an answer, not to mention the various confusion and mistakes.

This is my review based on experience.

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The following 3 users say Thank You to dom64 for this post:
 
  #455 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 221 since Feb 2013
Thanks: 47 given, 650 received


dom64 View Post
I started a combine back in March to see what it would be like to trade with outside rules. I have bee trading for years, with an overall win rate of above 80%, trading at times when it seems fit to trade , depending on the context, as opposed to having specific trading times etc.

I went for a modest 50K combine. It was initially connected on the wrong platform, so I asked for it to be changed, which it was. I then realised after a few days that it had been set on the wrong number of days (10 instead of the requested 20). A new account/combine from scratch was created with the correct number of days, and I was told to forget about the 1st one, which I did. Several days after into trading, I noticed something strange and contacted support. It turns out they had kept the initial account after all, and had not connected the new one, altough I was told to trade on the new created one and forget about the initial one. So a 3rd combine was started (slightly annoying, but given I trade consistently no big deal). I kept a trade open outside of trading hours, and my new combine is therefore not going to be looked at.

Right. I understand then pint of having rules. My first point would be that if you expect rigour from Traders, you might want to be rigorous yourself, which,based on that experience, is not the case. I understand that one of the rules is "not to trade out of permitted hours". I sometimes keep open position overnight, IF there is a good reason for it. Unfortunately the market does not care too much about "trading hours". Anyway,this is the rules. If would be a good idea to display those hours very clearly in the same place where other main rules are displayed, because altough it can be found somewhere and it says "to trade p only during permitted hours", it would be great to display those hours clearly somewhere. It might be obvious to someone in the same time zone, I don't know, but it is not to everyone else, at least it was not to me.

The same applies to support. It is very friendly, but I had to wait 2 days in several occasions to get an answer, not to mention the various confusion and mistakes.

This is my review based on experience.

dom64- Thank you for that review. Feedback like this is very helpful.

I spoke with my team to get an update on why there was confusion or errors. First, I do want to apologize.

After speaking with them, they do remember your situation and stated that since there was two email addresses for one user that created a bit of confusion on a couple of occasions. I do know they quickly rectified any issues and hope you are satisfied with them providing a complimentary Trading Combine.

As for the your other points, we do try to provide all platform, rules, and relevant information on our website in an easy to find manner and we do understand there can be confusion as there is a lot of information. I will look into getting the information that you stated more prevalent as we want to ensure all traders in our program have a complete understanding with no uncertainty of what to expect at TopstepTrader. We all know there is enough uncertainty in the market.

Thanks again for the feedback and we hope to see you back with TST soon.

mp

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #456 (permalink)
Membership Temporarily Revoked
London, UK
 
Futures Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Favorite Futures: 6E futures, Cable
 
Posts: 93 since Aug 2012
Thanks: 3 given, 122 received

Apologies accepted! Again, I am just reporting my experience. Just to confirm, I only have 1 email adress, at least I only used one email adress to setup my combine, but there was some confusion (this is not the debate, and it really doesn't matter but I have email communication if you wish). Maybe was I unclear, maybe just misunderstood, I don't know, but there was some confusion.

I will do another combine, more suited to my way of trading anyway, so a 10 or 15 contracts, and now that I am clear in the timing rules, I will ensure this is done withing trading hours. Just a good idea to make these more obvious in my humble opinion.

Many thanks

Dom



TopstepTrader View Post
dom64- Thank you for that review. Feedback like this is very helpful.

I spoke with my team to get an update on why there was confusion or errors. First, I do want to apologize.

After speaking with them, they do remember your situation and stated that since there was two email addresses for one user that created a bit of confusion on a couple of occasions. I do know they quickly rectified any issues and hope you are satisfied with them providing a complimentary Trading Combine.

As for the your other points, we do try to provide all platform, rules, and relevant information on our website in an easy to find manner and we do understand there can be confusion as there is a lot of information. I will look into getting the information that you stated more prevalent as we want to ensure all traders in our program have a complete understanding with no uncertainty of what to expect at TopstepTrader. We all know there is enough uncertainty in the market.

Thanks again for the feedback and we hope to see you back with TST soon.

mp


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The following user says Thank You to dom64 for this post:
 
  #457 (permalink)
Membership Temporarily Revoked
London, UK
 
Futures Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Favorite Futures: 6E futures, Cable
 
Posts: 93 since Aug 2012
Thanks: 3 given, 122 received

Is there a discount for futures.io (formerly BMT) members, or/and Jigsaw users, and/or for someone who has doen a combine previously?

Thanks

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  #458 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,097 since Jun 2009
Thanks: 29,192 given, 82,542 received


dom64 View Post
Is there a discount for futures.io (formerly BMT) members, or/and Jigsaw users, and/or for someone who has doen a combine previously?

Thanks

There is a special promotion for Elite Members of futures.io (formerly BMT). Click 'Elite' top of any page to see 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.

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  #459 (permalink)
Elite Member
Berlin Germany /Alicante Spain
 
Futures Experience: Intermediate
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Is it possible to get more than one account funded

I am thinking about starting more than one combine of 30 or 50 k and to trade not all instruments in same combine but only few in each - also there are sometimes trading opportunities in one instrument but not in others but the fixed schedule of 10 or 20 days forces to trade the other underlyings too - specially if they had already a loosing trade and there are only few trading day left.
I think I read that´s possible to open more than one combine same time, when there is more than one successful combine would it be bossible to get two or more accounts funded, e.g. one trading CL, one GC ?

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  #460 (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: 46,097 since Jun 2009
Thanks: 29,192 given, 82,542 received


Tip


There will be a Live AMA session with Michael Patak of TopstepTrader on Wednesday, June 25th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/511677702




You can find the main Ask Me Anything (AMA) discussion thread here:
https://futures.io/vendors-product-reviews/25776-topsteptrader-s-michael-patak-president-ask-me-anything-ask-me-anything.html

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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