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

  #561 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
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GFIs1 View Post
Guys: Good arguments brought in here.. but not hitting the point!

What @Sufyan brought is calculating down to the basics. And true of what it is compared to a own account.
What @bobwest stated is a optimistic view into the future IF passing the combine and gaining on the future trades.

But what is really MISSING here:
Combines and all adequates are SIM - I repeat SIM trades.
This means there is not one real blood boiling moment.
As bobwest states - it is "their risk" and "their money".
If this is lost - who cares?

OK - what Sufyan says means making your hands dirty and trading YOUR own money at your OWN risk...

We had this in different threads already here - it makes a BIG Difference!
For your ego, for your cash and for your optimism if trading can/could be your daily business.

Think about it!

What can GFIs1 can throw in here for all the readers?

1) Start your own real time transparent journal here on futures.io (formerly BMT)
2) Show your trades with real wins / losses on your OWN money
3) Let the critical futures.io (formerly BMT) followers write real reflections into your thread - read them to learn
4) Accept what the markets do with your REAL money - and watch your money management
5) Learn from the faults and optimize your daily rules

IF you are consistent profitable you stay in the game and if you erase your account you might be out of business: POINT

GFIs1

Of course, this is a major point, and it is right: The TsT Combine is a type of SIM. SIM is not real.

I have traded real money since 1982. Lost some, made some. It's different.

When I said that "it's their money," I was talking about whether it would be worthwhile, in the hypothetical future, to trade one of their funded accounts. Sure, it would be. Why not? And then it certainly would be different from risking your own money.

But as a training, the Combine type of SIM does put something on the line, compared to pure no-risk SIM: you put up some money to get in, which you will lose if you do poorly and get back if you do well; you are accountable to someone else besides yourself; and if you do well enough, there is the funding. Something is at stake, although it is not on the same level as your own dear, sweet cash.

I am still new to futures (not to stocks, not to options, but definitely to futures), and found that I could lose that cash so quickly that I looked for an intermediate learning tool. That has been the Combine. I am not fool enough, nor young enough, to imagine that once I can do well in it, I will go out and make my millions. But, for me, it is a good in-between step, in between no risk and all risk.

People will differ on this. But I see it as a reasonable in-between, having been in both places before.

I do notice that the TsT Combine attracts comment more than I would ever have expected. To repeat what I have said a few times now: it may be for you, and it may not. If you can use it, do so. If not, who cares about it? Pass on....

For me, it's a good tool.

But thanks @GFIs1, for the reality check. SIM is not real. The Combine, for all that it is a different type of SIM, is SIM. Therefore....

Bob.

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  #562 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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bobwest View Post
But thanks @GFIs1, for the reality check. SIM is not real. The Combine, for all that it is a different type of SIM, is SIM. Therefore....

Bob.

I would like to make it clear concerning Combines: I won one TST combine here on futures.io (formerly BMT) in last journal contest.
Which I could unfortunately not take. This would be my ultimate 400$ gained to run into the next wall

But the truth lies much deeper:
As every follower of my journals know - I am trading the Dax. The Dax. Exclusively.
Hmmm - not allowed for a TST combine - but if you are approved AFTER a combine then you CAN.
Anyway - to change instrument, trading time (US based), unknown field to manage - then this first combine
is quicker than nothing LOST!
My external costs for the change of instrument, charts etc. to trade in a different environment and time
are much higher than the benefit of a passed combine (which is certainly not given on first attempt - lol)

My offer is to hand over a free combine (150K - wow!). PM me and explain what your idea for trading is..

All my attempts in trading were to optimize my trading to stay profitable. If things develop further as I had
in the past - then I do not need any combines. For some people it might be the right tool to get to new
levels with some coaching.

GFIs1

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  #563 (permalink)
Trading Apprentice
Vancouver Island, Canada
 
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GFIs1 View Post
I would like to make it clear concerning Combines: I won one TST combine here on futures.io (formerly BMT) in last journal contest.
Which I could unfortunately not take. This would be my ultimate 400$ gained to run into the next wall

But the truth lies much deeper:
As every follower of my journals know - I am trading the Dax. The Dax. Exclusively.
Hmmm - not allowed for a TST combine - but if you are approved AFTER a combine then you CAN.
Anyway - to change instrument, trading time (US based), unknown field to manage - then this first combine
is quicker than nothing LOST!
My external costs for the change of instrument, charts etc. to trade in a different environment and time
are much higher than the benefit of a passed combine (which is certainly not given on first attempt - lol)

My offer is to hand over a free combine (150K - wow!). PM me and explain what your idea for trading is..

All my attempts in trading were to optimize my trading to stay profitable. If things develop further as I had
in the past - then I do not need any combines. For some people it might be the right tool to get to new
levels with some coaching.

GFIs1

Here is my free idea towards the free combine...You email TST direct and ask for a custom combine trading the DAX... Then start a journal here on futures.io (formerly BMT) detailing your journey.

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  #564 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
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Yukoner View Post
Here is my free idea towards the free combine...You email TST direct and ask for a custom combine trading the DAX... Then start a journal here on futures.io (formerly BMT) detailing your journey.

Thanks for the hint. I mailed them last year but they could not find a solution for me by then. The answer was that
the data supply for the Dax on the Sim accounts (Combines) are not available...

GFIs1

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  #565 (permalink)
Elite Member
New York, NY USA
 
Futures Experience: Intermediate
Platform: T4, Sierra Charts, NinjaTrader
Favorite Futures: CL, ES, ZB, GC, NQ, YM, 6E, Stocks
 
Posts: 11 since Dec 2010
Thanks: 6 given, 6 received

I've been on and off with TST for several years. Recently back in it.

As with most retail traders, we are constantly trying to learning new trading methods. Passionately, trying to find the setup and trade management that gets us to consistently make a profit. This leads most of us to blowout our small accounts, quite often.

How do successful trader (people) find that edge? It's through continuous practice, in our case... screen time.
If you are not a pro making consistent profits, I would recommend SIM trading until you get there. The problem with SIM trading is that there isn't any pressure. It's great, if you have a plan in place and looking to optimize it. Heck, if you are at that point, you can just run back testing and replays.

Why TST? My view.
It offers a community - (great for new traders to learn from)
Guest Speakers
Key news announcements
Adds some form of structure/rules to your trading.
Trade reports
A platform to develop your trading with others.

I agree that pit traders have to learn to be screen traders or start a business like TST. They created a business model that works for them. Getting funded and staying funded is tough. More power to them, it is a business first.
For me, the TST structure, helps me focus on the market as if I was in Live trading.
I did pay $100+ for the combine, so there is something that is lost if I don't make it.
Bottom line for me, TST is good for new traders trying to learn about futures for a few hundred. You try to get as much as you can from it and be done with it when you figure out the plan that works for you. Oh yeah, there is a chance you can get funded too.

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  #566 (permalink)
Elite Member
Seattle WA/USA
 
Futures Experience: Intermediate
Platform: ThinkorSwim, NinjaTrader
Favorite Futures: Gold, Futures, Euro
 
Posts: 21 since Oct 2012
Thanks: 1 given, 9 received

I just started with TST last week. Had a few issues...

1. Could not connect through my own Ninja Trader Multi Broker license to the TST account. I had the TST support folks look into it and they couldnt resolve it. Then had Ninja Trader support folks look into it and they couldnt resolve it either. :-) That was surprising. Then installed on a new machine but this time used the license key from TST and it connected just fine. Only bad thing - its not my primary machine. So now I have to switch back and forth when I trade the TST account. Not a deal breaker but just an inconvenience.

2. After things got connected, I did receive bid ask prices for GC. Not sure what it was. TST support folks called in and got that resolved in a few minutes. I am glad that went smooth.

3. So the first week I was testing. I am obviously new to TST and their combine program and had absolutely no idea what the rules were. I subscribed because a friend of mine was in it. So in the first 2 days of testing I was down -90 and -500. :-) After that I understood what I was supposed to do and started trading properly like I would trade my own account. For the next few days I was making profits but since I already had a 500$ down day (on a 30K account), I violated one of their trading rules. So I did a reset and ended up paying $100 for the reset. Just did the reset yesterday.

So finally I am on my way now (2 successful day so far). Let me see how it goes. I will post my progress here.

Thanks!

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  #567 (permalink)
Keab
London UK
 
Futures Experience: Intermediate
Platform: TT/Invesotr Rt/DTN.IQ
Broker/Data: LCT/Iq Feed
Favorite Futures: Dax/Bund/Dow/US 10 yr futures
 
Posts: 266 since Jul 2013
Thanks: 40 given, 93 received

The crux of all this for me is "you have a chance to get funded."
If you successfully pass the Combine, is there any evidence to show that people do get funded? It looks as if they're selling a dream with no real evidence to show that you get a return on your monthly payments when you're in the Combine. Anyone have any thoughts on this?

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  #568 (permalink)
Elite Member
Tallinn, Estonia
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Oanda
Favorite Futures: USOil / West Texas Oil
 
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bootsyjam View Post
The crux of all this for me is "you have a chance to get funded."
If you successfully pass the Combine, is there any evidence to show that people do get funded? It looks as if they're selling a dream with no real evidence to show that you get a return on your monthly payments when you're in the Combine. Anyone have any thoughts on this?

Its not a deam.
I am funded.

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  #569 (permalink)
Trading for Profit
Kansas City, MO U.S.
 
Futures Experience: Intermediate
Platform: ToS, Ninja
Favorite Futures: ES, Currency, Tacos
 
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bootsyjam View Post
The crux of all this for me is "you have a chance to get funded."
If you successfully pass the Combine, is there any evidence to show that people do get funded? It looks as if they're selling a dream with no real evidence to show that you get a return on your monthly payments when you're in the Combine. Anyone have any thoughts on this?

There's plenty of real evidence. So here is my question to you - why would anyone show you how well he or she is doing? If you're making money, who cares? No one has a reason to prove it to you.


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  #570 (permalink)
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I didn't know ben affleck is with topsteptrader



Last edited by Itchymoku; May 24th, 2015 at 03:39 PM.
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