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

  #461 (permalink)
Market Wizard
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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

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  #462 (permalink)
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a combine is only "rolled" without new withdrawel if you are a almost "ready" trader

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".

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  #463 (permalink)
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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
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  #464 (permalink)
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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 ??

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  #465 (permalink)
Market Wizard
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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.


Last edited by bobwest; June 16th, 2014 at 08:45 AM.
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  #466 (permalink)
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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 ?

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  #467 (permalink)
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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.

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  #468 (permalink)
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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.

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  #469 (permalink)
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Combine very helpful for me

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!


Last edited by ZENDINA; June 18th, 2014 at 05:44 PM.
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  #470 (permalink)
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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.

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