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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #751 (permalink)
San Diego California
 
 
Posts: 129 since Oct 2015
Thanks: 23 given, 50 received


DRock306 View Post
You need to go into the tools tab
Then commission tab, in here scroll down till u see ur data provider an example would be:
+Futures - Rithmic { $0.00 min: 0/0

Click on ur data provider the (+) symbol
Select commission levels, once u select that on the very far right after it says (NO commission levels defined) you will see a little gray box with three dots, click that and then once in there click the (new) button and on the right of that set ur commission per side.
Hit ok and ur done, don't forget to save when u exit NT

There is also easy to watch vids on you tube showing u exactly what i said if you need a visual instead.

Thank you sir, but what exactly are the "simulated commissions and fees"
It seems as TST calculates it for us at our dashboard but I cannot see how NT calculates it.....

Also when does the daily loss limit reset?

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  #752 (permalink)
Monterey, CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: CL
 
Posts: 80 since Jan 2014
Thanks: 28 given, 99 received


TopstepTrader View Post
@Dionysus - Thank you for this feedback, it is very important. This is the first time we have hosted one of these events and we realize there is still a lot to learn to ensure it's the quality and expectation of both our brand and our users. In the short term, we will be adding a disclaimer stating we do not endorse these products nor have we independently vetted them for their accuracy or claims. This is strictly an educational event and it is each traders responsibility to determine whether a product or service is a good fit for him or her.

In the long term, it may make sense for us to put together some sort of guidelines or threshold in terms of those who participate in events like these. Of course, we can never fully vet someone as there will inevitably be instances where bad experiences have occurred. Unfortunately, that is the nature of our business. The key we have found is to set realistic expectations as trading is ultimately an individual sport regardless of what vendor or tools you use. The buck starts and stops with those who "pull the trigger" so to speak.

On another note, you've mentioned multiple times on this forum that you've been "vetting" TopstepTrader for some type of website or venture you are starting. I welcome the opportunity to speak with you directly and candidly. I would think it only be fair in your ability to assess our business. Please feel free to contact us directly at 888-407-1611 or private message us to set up a convenient time to speak.

Again, we appreciate your feedback and will certainly use it to improve.

Trade well,

TopstepTrader Team



Valid points, and well taken. .

"The buck starts and stops with those who "pull the trigger" so to speak"

I certainly agree with this. I'm always urging caution in this marketplace, due to its unfortunate nature (a minefield of shameless and greedy profiteers, many of whom don't even trade), but ultimately the final responsibility is with the buyer.

It's just such a difficult marketplace to navigate prudently, and so difficult to sort and sift with regards to which vendors might be trustworthy and/or competent, and which couldn't care less about anything other than closing the sale. For this reason, I think we all have the responsibility to be very careful who we lend any weight/credibility to, especially when in a prominent or influential role.

One of the few objective vetting mechanisms I've always used is something Bob mentioned above, namely verifying that the vendor actively trades using their own product/service/ideas. Any vendor confident enough to market their wares and take money from others who isn't confident enough to make use of them in their own personal trading is, quite simply, a fraud, in my humble opinion. I simply can't envision an excuse for this. . if their stuff works, naturally the vendor is going to be using it themselves. If they're fearful to do so, this seems to be pretty damning evidence that they're knowingly marketing junk.

The majority of what I've heard about TST, especially in regards to the journaling and community-driven aspects, has been positive. . and that was precisely my worry, that you might inadvertently lend a portion of your reputation and credibility to those who don't deserve anything of the sort, and in doing so you may be (again inadvertently) leading wide-eyed idealistic traders down dangerous paths.

I can only control my own actions, and certainly don't mean to judge not knowing all of the facts (the additional context is appreciated). My only concern was for our upcoming site (thus the 'vetting'), which I've been trying to stay mum about until I can speak with Mike, as I certainly don't want to overstep or use this forum as a means for advertising. It's proving difficult to find trusted and competent parties to point to as valuable resources, and was hopeful that perhaps TST could be mentioned in some form or fashion.

I appreciate the well reasoned response, and I'll certainly reach out and we can go from there, thanks TST

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  #753 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
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Posts: 48,916 since Jun 2009
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Hi guys,

It is my pleasure to welcome back Conor Meegan from TopstepTrader for a webinar on Thursday, February 2nd @ 4:30PM Eastern US.

The topic is "How-to profit in the markets without opening a brokerage account", and bullet points include:

- TopstepTrader's unique program and process
- How-to earn a Funded Account
- Which trading styles and strategies work best with TopstepTrader
- Learn about other funded traders and how they perform
- Q&A from members

Learn more about TopstepTrader:
https://www.topsteptrader.com:443/

Register for the event:
https://on.futures.io/1b9ti

Mike

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  #754 (permalink)
Site Moderator
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
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Webinar room is open!

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  #755 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
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Trading: Emini Futures
 
Big Mike's Avatar
 
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Webinar recording:



Mike

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  #756 (permalink)
Site Administrator
Manta, Ecuador
 
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What did everyone think of the webinar?

Mike

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  #757 (permalink)
North Carolina
 
Experience: Beginner
Platform: NinjaTrader, Tradestation
Trading: es
 
Posts: 644 since Nov 2011

I watched the recording. The sound was a bit difficult but it was useful pointing out the difference in the combine vs the FTP. I may have missed this if answered but:

1. Are you refunded if you pass the combine but not the FTP?
2. It sounded like the data feed was included in the combine, correct? Does it support historical data, how much?
---

Also, the explanation regarding the profit targets/account sizes didn't make sense to me. It is clear that the combine levels aren't created equal. In the table below, I broke down the combine based on several metrics. It shows that the 10 contract combine is the worst deal. If you can trade on a $500 loss limit, the 3 lot combine is the best deal. But, $500 isn't much to work with, and so the 5 lot deal might be better overall.


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  #758 (permalink)
SpeculatorSeth
Salt Lake City, Utah
 
Platform: Jigsaw, NinjaTrader8
 
Posts: 526 since Apr 2016
Thanks: 18 given, 507 received

Most of what was in the last webinar was just information that I already knew from reading the website, and trading in the combine myself. However, I do think it helped to correct some false ideas out there. I thought it was particularly enlightening that the biggest killer of combine accounts was the daily loss limit, and not the drawdown.

This past week I apparently traded outside of the allowed trading times. I thought I was definitely outside of the 1 minute before/after news window, but the system disagrees with me. I'm going to try writing some addons to NinjaTrader to help me in the future. While I'm at it I'll look into if there's more we can do to save people from themselves...

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  #759 (permalink)
Albuquerque, NM United States
 
Experience: Advanced
Platform: Jigsaw, TOS
Trading: ES
 
Posts: 9 since Aug 2012
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Can anyone describe the contract a funded trader signs with TST? Particularly whether there is any non-disclosure clause in the contract? There is little information about trader experiences beyond the Combine and FTP. I was curious if there was a legal reason for this.

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  #760 (permalink)
Site Administrator
Manta, Ecuador
 
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Tip


Congratulations to TopstepTrader for winning a True Edge Award!



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In January 2017, we held an open nomination process whereby our members could openly nominate anyone they chose in 13 different categories. Some of those categories are: Futures Broker of the Year, Options Broker of the Year, Trading Platform of the Year, Options Platform of the Year, Mobile Platform of the Year, Data Feed of the Year, and Trading Product of the Year. There are also an additional six categories that are focused on user contributed content on our site, including: Member of the Year, Webinar of the Year, Thread of the Year, Journal of the Year, Programmer of the Year, and Indicator of the Year.

We then opened our voting system so that traders are the world could vote for their favorite in each category. When the voting closed, we selected the top three winners in each category and have awarded them as 1st, 2nd, and 3rd place (Gold, Silver, Bronze awards).

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