Anybody heard of topsteptrader (review) - futures io
futures io futures trading



Anybody heard of topsteptrader (review)


Discussion in Trading Reviews and Vendors

Updated by matthew28
      Top Posters
    1. looks_one Big Mike with 90 posts (230 thanks)
    2. looks_two bobwest with 84 posts (204 thanks)
    3. looks_3 omni72 with 33 posts (86 thanks)
    4. looks_4 syxforex with 31 posts (41 thanks)
      Best Posters
    1. looks_one TopstepTrader with 3.6 thanks per post
    2. looks_two Big Mike with 2.6 thanks per post
    3. looks_3 omni72 with 2.6 thanks per post
    4. looks_4 bobwest with 2.4 thanks per post
    1. trending_up 225,832 views
    2. thumb_up 1,772 thanks given
    3. group 395 followers
    1. forum 927 replies
    2. attach_file 29 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Anybody heard of topsteptrader (review)

(login for full post details)
  #461 (permalink)
Site Moderator
Sarasota FL
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 5,721 since Jan 2013
Thanks: 44,653 given, 19,317 received


resist View Post
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 thatīs 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 ?

I believe this has already been answered at some point.

As I understand it, you can take more than one Combine at a time, but TsT will only provide one account per trader. It's a matter of controlling their exposure to any one trader.

As you trade and produce higher profits, you can increase the size (number of contracts) and instruments that you trade. You just have to prove that you are ready for it.

Hope this answers the question for you....

Bob

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:

Can you help answer these questions
from other members on futures io?
Think or swim earnings move calculation
Brokers
Data Feed sharing possible between TS/IB and 3rd party apps?
Platforms and Indicators
FYI plot bug & workaround: changing color or width is delayed 1 bar
EasyLanguage Programming
TOS script
ThinkOrSwim
Implications of Alex Kearns' suicide
Traders Hideout
 
 
(login for full post details)
  #462 (permalink)
Berlin Germany /Alicante Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: DDT/Rithmic, Global/CQG, IB, Mirus(Ninja)/MarketDelta
Trading: Futures
 
Posts: 141 since Jan 2010
Thanks: 362 given, 66 received

In my understanding a combine can only be "rolled" without new "deposit" if you have no loss on any traded underlyings, that means if you have a total loss of 100 $ on NQ and a profit of 1000$ on YM and you fullfilled all other "rules" (Overall Winning Day percentage of 55 or greater + Largest Losing Day will not hit or exceed Daily Loss Limit + Account Balance will not hit or exceed Trailing Max Drawdown) you will not be rolled even if your total profit is 900 $.

You will have to send new "deposit" because of "Rule not met Average Net P&L greater than $0 for each product traded".

Only to clarify, I think that means that you have to be a almost "ready" trader because you have to make a positive result on any traded product in 10 days - in my opinion best you take only advantages in one product or at the middle of a combine you trade only on negative products "making them positive again" to keep your combine "roll-able".

Reply With Quote
 
(login for full post details)
  #463 (permalink)
Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ, YM, ES
 
Daytrader999's Avatar
 
Posts: 1,178 since Sep 2011
Thanks: 1,154 given, 1,609 received



resist View Post
In my understanding a combine can only be "rolled" without new "deposit" if you have no loss on any traded underlyings, that means if you have a total loss of 100 $ on NQ and a profit of 1000$ on YM and you fullfilled all other "rules" (Overall Winning Day percentage of 55 or greater + Largest Losing Day will not hit or exceed Daily Loss Limit + Account Balance will not hit or exceed Trailing Max Drawdown) you will not be rolled even if your total profit is 900 $.

You will have to send new "deposit" because of "Rule not met Average Net P&L greater than $0 for each product traded".

Yes, that's absolutely correct.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
The following user says Thank You to Daytrader999 for this post:
 
(login for full post details)
  #464 (permalink)
Birmingham UK
 
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received

It's a lot of rules, I'm amazed anyone qualifys to actually trade with them, I'm not even going to try shame likely be a good way out of my current cash flow issues!!


Anything similar but more realistic around ??

Reply With Quote
 
(login for full post details)
  #465 (permalink)
Site Moderator
Sarasota FL
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 5,721 since Jan 2013
Thanks: 44,653 given, 19,317 received


Turveyd View Post
It's a lot of rules, I'm amazed anyone qualifys to actually trade with them, I'm not even going to try shame likely be a good way out of my current cash flow issues!!


Anything similar but more realistic around ??

If you look at their rules, they concentrate mainly on loss control. Many people (including me) have found that taking the Combine improves their trading discipline, and hence their trading results.

The people at TsT are long-time ex-pit traders. They want to keep losses in hand, to insure long-term survival. Without that, there's no real chance of profit, over time. It's a point of view that's worth considering.

(Also, remember that the funded account is not just an account where they were nice enough to give you free money to trade with. A funded trader is trading a portion of the firm's capital; every trading firm, including TsT, has risk control procedures in place to limit its losses incurred by its traders. The Combine enforces similar risk control, which is not a bad thing for a trader to learn.)

@Big Mike mentioned somewhere that, in his view, the value of the Combine is in the discipline, much more than the hope of getting funded.

On that basis, I always recommend it. It also gives a chance for a very realistic assessment of where you really are in your trading....

That's just me, of course. Some people look at the rules and say, "I don't want to trade like that." Different strokes for different folks....

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 7 users say Thank You to bobwest for this post:
 
(login for full post details)
  #466 (permalink)
Birmingham UK
 
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received


bobwest View Post
If you look at their rules, they concentrate mainly on loss control. Many people (including me) have found that taking the Combine improves their trading discipline, and hence their trading results.

The people at TsT are long-time ex-pit traders. They want to keep losses in hand, to insure long-term survival. Without that, there's no real chance of profit, over time. It's a point of view that's worth considering.

(Also, remember that the funded account is not just an account where they were nice enough to give you free money to trade with. A funded trader is trading a portion of the firm's capital; every trading firm, including TsT, has risk control procedures in place to limit its losses incurred by its traders. The Combine enforces similar risk control, which is not a bad thing for a trader to learn.)

@Big Mike mentioned somewhere that, in his view, the value of the Combine is in the discipline, much more than the hope of getting funded.

On that basis, I always recommend it. It also gives a chance for a very realistic assessment of where you really are in your trading....

That's just me, of course. Some people look at the rules and say, "I don't want to trade like that." Different strokes for different folks....

Bob.

I have tight loss control, don't get me wrong agree with that part, but a lot of the rules sound abit over the top really, but I'm a haphazard kinda trader so guess they would do.

Nothing else going with less rules then ?

Reply With Quote
 
(login for full post details)
  #467 (permalink)
Site Moderator
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,150 since Sep 2013
Thanks: 10,428 given, 12,488 received


Turveyd View Post
It's a lot of rules, I'm amazed anyone qualifys to actually trade with them, I'm not even going to try shame likely be a good way out of my current cash flow issues!!


Anything similar but more realistic around ??

It is their money. I would have a lot of rules and conditions as well.

Reply With Quote
The following 2 users say Thank You to tturner86 for this post:
 
(login for full post details)
  #468 (permalink)
Site Moderator
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,150 since Sep 2013
Thanks: 10,428 given, 12,488 received


bobwest View Post
If you look at their rules, they concentrate mainly on loss control. Many people (including me) have found that taking the Combine improves their trading discipline, and hence their trading results.

The people at TsT are long-time ex-pit traders. They want to keep losses in hand, to insure long-term survival. Without that, there's no real chance of profit, over time. It's a point of view that's worth considering.

(Also, remember that the funded account is not just an account where they were nice enough to give you free money to trade with. A funded trader is trading a portion of the firm's capital; every trading firm, including TsT, has risk control procedures in place to limit its losses incurred by its traders. The Combine enforces similar risk control, which is not a bad thing for a trader to learn.)

@Big Mike mentioned somewhere that, in his view, the value of the Combine is in the discipline, much more than the hope of getting funded.

On that basis, I always recommend it. It also gives a chance for a very realistic assessment of where you really are in your trading....

That's just me, of course. Some people look at the rules and say, "I don't want to trade like that." Different strokes for different folks....

Bob.

It's the difference between being professional or not.

But I agree the discipline is the biggest thing you will received. Or a cold wake up call that you might not be cut out for the big leagues.

Reply With Quote
The following 3 users say Thank You to tturner86 for this post:
 
(login for full post details)
  #469 (permalink)
sacramento, ca
 
Experience: Intermediate
Platform: ninjatrader
Trading: ES and CL futures contracts
 
Posts: 12 since Jan 2011
Thanks: 11 given, 18 received

I started a combine a few days ago and have the journal of my results on futures.io (formerly BMT). I have completed 3 days so far, so I have 7 days to go. In my experience, it has already benefited me, so I feel like a winner already. Now, before every single trade, I ask myself "Is this trade in my client's best interest?". After all, I am asking to manage someone else's money and it is my responsibility to prove that I am worthy of this priviledge and have respect for their hard earned money. This has shifted my thinking and has improved my performance. So, hooray for the combine!

Reply With Quote
The following 7 users say Thank You to ZENDINA for this post:
 
(login for full post details)
  #470 (permalink)
Site Moderator
Sarasota FL
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 5,721 since Jan 2013
Thanks: 44,653 given, 19,317 received



ZENDINA View Post
I started a combine a few days ago and have the journal of my results on futures.io (formerly BMT). I have completed 3 days so far, so I have 7 days to go. In my experience, it has already benefited me, so I feel like a winner already. Now, before every single trade, I ask myself "Is this trade in my client's best interest?". After all, I am asking to manage someone else's money and I need to prove that I am worthy of this priviledge and have respect for their hard earned money. This has shifted my thinking and has improved my performance. So, hooray for the combine!

It has been helpful to me too, but this is the first time I have seen this thought expressed, at least in this way. I can see how the awareness of responsibility to someone else can make a difference, in how solid and well-thought-out your judgments are.

Well put.

Bob.

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to bobwest for this post:


futures io Trading Community Trading Reviews and Vendors > Anybody heard of topsteptrader (review)


August 29, 2019


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts