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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #41 (permalink)
 Big Mike 
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omni72 View Post
Example of a trade report that meets all performance requirements

Interesting report. Here it is embedded, but better explanation is at the link.



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  #42 (permalink)
 omni72 
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Big Mike View Post
Interesting report. Here it is embedded, but better explanation is at the link.

Thanks Mike, excellent idea

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  #43 (permalink)
 mfbreakout 
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Big Mike View Post
Interesting report. Here it is embedded, but better explanation is at the link.



Mike


230 cars for $2015

236 cars for $1490

300 cars for $3190

126 cars for $2295.

This is a SCARY PERFORMANCE REPORT in terms of numbers of cars traded and results.

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  #44 (permalink)
 Big Mike 
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mfbreakout View Post
230 cars for $2015

236 cars for $1490

300 cars for $3190

126 cars for $2295.

This is a SCARY PERFORMANCE REPORT in terms of numbers of cars traded and results.

I agree, this trader is certainly a scalper. The broker is making all kinds of money though.

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  #45 (permalink)
 websouth 
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I think I am missing something here. Can you futures guys help me with the terminology
1 car = 1 contract = $12.50 per tick ? or not?

So Thurs Jan 12th earned $2015
which then equals with 1 contract 2015/12.5 = 161 ticks if 1 contract
but this says 230 contracts?
230*12.5= $2875 per tick buying power?
so around .7 tick earned to make $2015
Decimal error?
please explain
thanx

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  #46 (permalink)
 Big Mike 
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1 car = 1 contract

If he traded 230 cars it means he traded 230 lots, 230 contracts. He made $2015, so 2015/230 = $8.76 per lot traded. $12.50/tick on ES, so 8.76/12.50 = 0.70 ticks per contract traded on average.

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  #47 (permalink)
 salisem 
Virginia, USA
 
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I recently tried the 2-week practice at TopStepTrader. Maybe I'm just stubborn, but I just couldn't seem to adapt to the trading platform. It seemed really clunky and wasn't intuitive at all, and I felt like it would take me so long to enter my trades and set my stops that I'd miss part of the move I was trying to catch. I only sat in on a few of their training sessions; each one had a heavy emphasis on Market Profile. I'm not a fan of MP so I was a little disappointed in that. But overall I think it's a good company with a good environment, and if they would just upgrade their platform I would happily sign up for the Combine. The opportunity to trade with someone else's money really changes things psychologically! It's also a wonderful opportunity if you don't have much trading capital.

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  #48 (permalink)
 syxforex 
British Columbia
 
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What do you mean by scary, looks awesome to me, what product is he trading?


mfbreakout View Post
230 cars for $2015

236 cars for $1490

300 cars for $3190

126 cars for $2295.

This is a SCARY PERFORMANCE REPORT in terms of numbers of cars traded and results.


Visit my futures io Trade Journal Reply With Quote
 
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  #49 (permalink)
 David_R 
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Cloudy View Post
From looking at the stop requirements/max loss limits in the combine, it almost looks like scalping is encouraged on topsteptrader. Certainly doesn't leave much room for a trade to work especially on time frames higher than 5min. Or one has to have super entries almost always 80% of the time if not scalping.

I've tried the combine. Yes, I think they like the scalping route, but they do not dictate how you trade. You are free to use your own method. They do like to see some consistancy, so if you trade 15 lots (5 trades 3 lots ea) one day, they like to see similar numbers on following days. In other words, not all over the map with 15 one day and 50 another. The platform is terrible in my opinion. Not sure why that is what is considered prof, but I did not like using it.

David

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  #50 (permalink)
 Lornz 
Oslo, Norway
 
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Platform: CQG, Excel
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Posts: 1,198 since Apr 2010


T4 is a good platform, at least if one is stateside. If one does not like the interface, one can wrap Sierra Chart around it. That will be similar to using NinjaTrader.

The reason for using T4 is probably because it is the cheapest, stablest platform that has spreading capabilities. Most professional traders are spreaders.

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