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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #491 (permalink)
 bobwest 
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Big Mike View Post
You guys are forgetting, simply submit a custom combine.

Mike

Not all of us.

Bob.

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  #492 (permalink)
 bobwest 
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Hulk View Post
Mike, custom combine is like a negotiation. For altering a rule, you have to agree to something else - usually a higher target to be able to roll over (at least, thats what I had to do) or lesser contracts available to trade or maybe something else that I dont know about.

If there are any rules that force traders to look for trades that arent there or are sub-optimal, then TST isnt judging their true trading abilities. I think it is in the interest of both parties to modify the 55% rule or to have a different option.

@Hulk, you're absolutely right about the negotiation.

I was impressed by the deal the guy I quoted got: no winning % days, and "his percentage of winning trades, not days, would be over 50% by the end of the Combine, and that his average duration in winning trades would be greater than his average duration in losing trades."

Sounds like he may have gotten a better deal. So maybe you can get them (better rules), but it could be simpler. And maybe not so much up to how a particular negotiation goes.

I think that the change to the continuous Combine is actually a much better answer than trying to negotiate the 55% away. I'm very glad they have it now.

Bob.

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  #493 (permalink)
 deaddog 
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tturner86 View Post
I have actually just written a lot about focus in my journal. You shouldn't focus on the 55% rule, or even the profit needed a day to win the combine.

You should focus on executing the right setups that put you in place to win the combine (if you fail, so what? you executed your plan*). If you shift your focus from trying to keep their rules to just executing your plan you have a better chance of doing so. Its like driving a car or a bike and seeing a pothole, if you focus on the pothole odds are you will hit it. Focus on where you want to go, not the obstacle in your path. Like Greztsky would say skate to where the puck is going not where it has been. In trading as in life, attention is short, don't waste it on something that will cause you to make an error.

**After that you can start to determine if your plan was even feasible.

I agree; at this moment my trading strategy (a profitable strategy with a positive expectancy) won't cut it in a combine. I know that so I won't play.

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  #494 (permalink)
 deaddog 
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bobwest View Post

I think that the change to the continuous Combine is actually a much better answer than trying to negotiate the 55% away. I'm very glad they have it now.

Bob.

With a continuous combine you either pass or fail. Is there a roll over if you are profitable but don't reach the profit target?

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  #495 (permalink)
 tturner86 
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deaddog View Post
With a continuous combine you either pass or fail. Is there a roll over if you are profitable but don't reach the profit target?

I believe as long as you finish net positive (and don't break the other rules) you qualify for a roll over. (Forgive me if I am wrong).

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  #496 (permalink)
 bobwest 
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deaddog View Post
With a continuous combine you either pass or fail. Is there a roll over if you are profitable but don't reach the profit target?


tturner86 View Post
I believe as long as you finish net positive (and don't break the other rules) you qualify for a roll over. (Forgive me if I am wrong).

My first thought was the same as @tturner86's, but then I realized I didn't know.... the idea of "finishing" is now different for this type of Combine.

I put in an email to TsT support asking that question. I expect we'll get an answer sometime on Monday. I'll post it when I have it.

Bob.

Edit: perhaps mp, @TopstepTrader, can step in here as well with a definitive answer.

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  #497 (permalink)
 msull35706 
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My 3 cents on that....

Being that it's a continuous combine, I'm 99.9% sure it's Pass / Fail....
That's both good and bad.
So I'm assuming no FREE rollovers.....
So be patient, keep losses small, and get your Consistent Profitability north of 70%...

Mike S.

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  #498 (permalink)
 bobwest 
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msull35706 View Post
My 3 cents on that....

Being that it's a continuous combine, I'm 99.9% sure it's Pass / Fail....
That's both good and bad.
So I'm assuming no FREE rollovers.....

I'm thinking now that that's possibly right, but we'll know for sure soon.

Bob.

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  #499 (permalink)
 futuretrader 
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Rollovers are about getting your deposit back at the end to try again. In a continuous combine there is no deposit and no end, so no rollover involved. It's strictly pay as you go, month by month.

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  #500 (permalink)
Turveyd
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futuretrader View Post
Rollovers are about getting your deposit back at the end to try again. In a continuous combine there is no deposit and no end, so no rollover involved. It's strictly pay as you go, month by month.

Monthly fee and $100 to restart a combine any time you like I read it as, $150 +2 restarts $200 in a month this could get silly.

Of course until we know of 1 real verifiable person that's made $1 off TS I wouldn't get too excited personally.

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