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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #651 (permalink)
 tturner86 
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You can open during globex, just not hold through the close.

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  #652 (permalink)
 HoopyTrading 
Boston, MA
 
 
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karentrader View Post
Can I get some confirmation on this? I thought I was clear on the overnight, but this sentence above confused me:

"2. Basically, you can trade from a list of CME and CBOT products (it's either most or all of them), day trades only, and you must close out by 3:10 PM CT, or whenever the contract closes if different. You can close at 3:10 and re-open at 5:00 CT (or whenever), but not hold straight through. You also will need to always trade the "front month" (the most active.)"

Is it day trades only? Or can we open positions during Globex?

"Combine traders must only trade the “front” (most liquid/highest volume) contract month for ALL products. Overnight trading is permitted, although positions must be closed prior to a product’s electronic market close."

Confusing, ain't it?

What they are basically saying is that you are allowed to trade a product during it's "off hours", which I think they mean by non-pit hours. This is kind of misnomic these days, because most markets no longer have pits/open outcry.

That's my guess. All TST wants is for you to not have an open position between market's close and then re-open the next trading day, which for many instruments would be an hour later.

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  #653 (permalink)
 bobwest 
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karentrader View Post
Can I get some confirmation on this? I thought I was clear on the overnight, but this sentence above confused me:

"2. Basically, you can trade from a list of CME and CBOT products (it's either most or all of them), day trades only, and you must close out by 3:10 PM CT, or whenever the contract closes if different. You can close at 3:10 and re-open at 5:00 CT (or whenever), but not hold straight through. You also will need to always trade the "front month" (the most active.)"

Is it day trades only? Or can we open positions during Globex?

You can open during Globex. You just have to have closed at the electronic close of the instrument, so you can't hold multiple "days," defining days as ending at the electronic close.

When I wrote "day trades only," that's what I meant to convey, not that you had to use pit or "regular trading" hours.

Here's the official statement from the website:




Source: http://help.futures.topstep.com/hc/en-us/articles/226286928-Important-Trading-Combine-Info

When the new "day" has begun -- that is, when it re-opens -- as defined by the CME, you can trade it again. "Days" aren't really days any more. You can trade it all night if you want to.

Bob.

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  #654 (permalink)
 bmtrading9 
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bobwest View Post
You can open during Globex. You just have to have closed at the electronic close of the instrument, so you can't hold multiple "days," defining days as ending at the electronic close.

When I wrote "day trades only," that's what I meant to convey, not that you had to use pit or "regular trading" hours.

Here's the official statement from the website:




Source: http://help.futures.topstep.com/hc/en-us/articles/226286928-Important-Trading-Combine-Info

When the new "day" has begun -- that is, when it re-opens -- as defined by the CME, you can trade it again. "Days" aren't really days any more. You can trade it all night if you want to.

Bob.

How about $1000 restriction? Will that be based on trading hours or new day? For example if we loose $500 in regular hours and the lost another $600 after reopen of trading but before 12 midnight are we technically out of 50k combine?

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  #655 (permalink)
 bobwest 
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bmtrading9 View Post
How about $1000 restriction? Will that be based on trading hours or new day? For example if we loose $500 in regular hours and the lost another $600 after reopen of trading but before 12 midnight are we technically out of 50k combine?

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Well, I should always point out that I am no official source on any of this, and that the TST website and/or support phone/email is.

Given that, midnight and other calendar date/times are not the point. Nor are regular hours. It's a new "day" after the instrument re-opens. Check when CME regards it as a new trade day and go by that.

If this is important to you, I suggest sending the question to support to be sure of it, but that's how I understand it.

Bob.

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  #656 (permalink)
 bmtrading9 
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bobwest View Post
Well, I should always point out that I am no official source on any of this, and that the TST website and/or support phone/email is.

Given that, midnight and other calendar date/times are not the point. Nor are regular hours. It's a new "day" after the instrument re-opens. Check when CME regards it as a new trade day and go by that.

If this is important to you, I suggest sending the question to support to be sure of it, but that's how I understand it.

Bob.

I was just curious about that scenario.

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  #657 (permalink)
 Big Mike 
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Big Mike View Post
Hi guys,

It is my pleasure to welcome back John Hoagland of TopstepTrader on Thursday, September 1st @ 4:30 PM Eastern US.

The title of the webinar is: "From The Pits To The Screens", with John Hoagland and Mick Ieronimo of TopstepTrader.

John and Mick will discuss the good, the bad, and the ugly of the transition from pit trading to screen trading. They will review how every trader can take advantage of ongoing evolution in the trading industry.

Bullet points for this webinar:

- Immediately adoptable strategies that lead traders to success
- How discretionary traders can find profits and consistency in their trading
- How to sniff out competition and find the "stronger" money
- How to utilize these strategies without risking any capital

You can visit TopstepTrader's website here:
https://www.topstep.com//

Register for the event (space is limited):
https://on.futures.io/zsmn6

Mike

Here is the webinar recording:



Mike

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  #658 (permalink)
 Big Mike 
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What did everyone think of the webinar?

Mike

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  #659 (permalink)
 HoopyTrading 
Boston, MA
 
 
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What did everyone think of the webinar?

Mike

To me it seemed there was a bit too much history of the old way of trading versus electronic. The history is very interesting to know, but some of that time could have been saved for more Q&A after the main presentation. I had two questions, and only one was answered because we ran out of time.

Next time, shrink the time for the history, and add more time for and about the ins-and-outs of TST, the Combine, and Q&A.

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  #660 (permalink)
 bobwest 
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HoopyTrading View Post
To me it seemed there was a bit too much history of the old way of trading versus electronic. The history is very interesting to know, but some of that time could have been saved for more Q&A after the main presentation. I had two questions, and only one was answered because we ran out of time.

Next time, shrink the time for the history, and add more time for and about the ins-and-outs of TST, the Combine, and Q&A.

If you put your question to @Hoag (John Hoagland) here, he does check this thread and odds are good he will answer.

Specify his username, Hoag, with the @ so he will be notified.

Bob.

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