NexusFi: Find Your Edge


Home Menu

 





Anybody heard of topsteptrader (review)


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Big Mike with 90 posts (231 thanks)
    2. looks_two bobwest with 85 posts (208 thanks)
    3. looks_3 omni72 with 33 posts (86 thanks)
    4. looks_4 syxforex with 31 posts (41 thanks)
      Best Posters
    1. looks_one Topstep with 3.6 thanks per post
    2. looks_two Big Mike with 2.6 thanks per post
    3. looks_3 omni72 with 2.6 thanks per post
    4. looks_4 bobwest with 2.4 thanks per post
    1. trending_up 376,290 views
    2. thumb_up 1,789 thanks given
    3. group 390 followers
    1. forum 932 posts
    2. attach_file 30 attachments




 
Search this Thread

Anybody heard of topsteptrader (review)

  #181 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


futuretrader View Post
I thought TF was an allowed instrument, but I can't see it on their list now. Has anyone tried trading it with them? Seems an odd one to cut out, since it's liquid enough.

Oh crap....

I better test my system in CL ...
Not a bad idea anyway


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Are there any eval firms that allow you to sink to your …
Traders Hideout
ZombieSqueeze
Platforms and Indicators
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Deepmoney LLM
Elite Quantitative GenAI/LLM
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #182 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532


futuretrader View Post
I thought TF was an allowed instrument, but I can't see it on their list now. Has anyone tried trading it with them? Seems an odd one to cut out, since it's liquid enough.


I watch the DOM a lot in TF and the spread does get a little nutty at times.... I know they frown upon this.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #183 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
Posts: 1,091 since May 2010


Crude is a great market ...


tderrick View Post
I watch the DOM a lot in TF and the spread does get a little nutty at times.... I know they frown upon this.


Visit my NexusFi Trade Journal Reply With Quote
  #184 (permalink)
 
omni72's Avatar
 omni72 
Tulsa, OK
 
Posts: 348 since Jan 2012
Thanks Given: 582
Thanks Received: 624


futuretrader View Post
I thought TF was an allowed instrument, but I can't see it on their list now. Has anyone tried trading it with them? Seems an odd one to cut out, since it's liquid enough.

TF is not currently on the list of Permissible Trading Products. TST is a CME partner so they only allow CME products for now. They have plans on expanding the list, but haven't heard any timeframes.

Luck is what happens when preparation meets opportunity. ~ Seneca
Reply With Quote
Thanked by:
  #185 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
Posts: 1,091 since May 2010

ICE and EUREX exchanges were dropped a few months back. It would be great to see them reintroduced as it's a great advantage to see the world oil benchmark, brent, when trading wti.


omni72 View Post
TF is not currently on the list of Permissible Trading Products. TST is a CME partner so they only allow CME products for now. They have plans on expanding the list, but haven't heard any timeframes.


Visit my NexusFi Trade Journal Reply With Quote
  #186 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
Thanks Given: 2,440
Thanks Received: 3,789

Just watched the webinar with John and Mike from TST. Honestly, one of the better webinars about discipline and the aspects of psychology.

First, despite their experience in the markets they didn't portray them selves as some elitists rather spoke sincerely of how they themselves try day to day to improve. Secondly, john said something so profound that should really resonate amongst trader and that is developing a trading plan that you can measure you discipline against.
Why is this important? Because some trader think that developing a discipline is some isolated matter and not part of something bigger. Discipline in my honest opinion is a variable in the context of things.

The second thing that I liked about it was the fact that they admitted that they have a Psychologist they work with to help their traders. I see way too many educators trying to help traders but the end result is just criticism of "you too greedy", "you don't know how to cut your losses", etc which essentially are just general criticisms that go nowhere.
TST recognizes that a qualified person can dig further to realize the scope and issue of the program.

M

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Reply With Quote
Thanked by:
  #187 (permalink)
 futuretrader 
Como Italy
 
Experience: Intermediate
Platform: Ninjatrader, customized
Trading: ES
Posts: 525 since Feb 2010
Thanks Given: 471
Thanks Received: 643


tderrick View Post
Oh crap....

I better test my system in CL ...
Not a bad idea anyway

I think I'd go back to 6E, though my method has changed quite a bit since I last traded it. CL seems pretty wild for keeping within their risk parameters every day.

Reply With Quote
Thanked by:
  #188 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
Posts: 601 since Nov 2010
Thanks Given: 2,039
Thanks Received: 258

It says the equity partner will absorb all losses below the initital account balance, but in reality how does this work? I am sure they would quickly cut their losses and take you off live as you eat into your cushion and approach/go below initial account balance? How much of a drawdown is allowed before you are removed from live trading?

Reply With Quote
Thanked by:
  #189 (permalink)
 syxforex 
British Columbia
 
Experience: Advanced
Platform: NINJA
Broker: ZEN
Trading: Crude
Posts: 1,091 since May 2010

They control your losses, there is a formula, they will not let you you burn up cash outside of predetermined risk limits. If you can pass the combine it shouldn't be a problem to stay inside those limits and move the ball down the field. It does take a long time to learn and will not happen overnight. Most of the live traders that I know personally were in the combine for more than one year before getting it, most closer to two years, not including the time they spent trading on their own. Focus on a plan for surviving the time it takes to learn the game before worrying about hitting the field live.


Futures Operator View Post
It says the equity partner will absorb all losses below the initital account balance, but in reality how does this work? I am sure they would quickly cut their losses and take you off live as you eat into your cushion and approach/go below initial account balance? How much of a drawdown is allowed before you are removed from live trading?


Visit my NexusFi Trade Journal Reply With Quote
  #190 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
Posts: 601 since Nov 2010
Thanks Given: 2,039
Thanks Received: 258



syxforex View Post
They control your losses, there is a formula, they will not let you you burn up cash outside of predetermined risk limits. If you can pass the combine it shouldn't be a problem to stay inside those limits and move the ball down the field. It does take a long time to learn and will not happen overnight. Most of the live traders that I know personally were in the combine for more than one year before getting it, most closer to two years, not including the time they spent trading on their own. Focus on a plan for surviving the time it takes to learn the game before worrying about hitting the field live.

This is true, but if this is to be a source of income, the fine points, risks and limitations should be clear and a trader should be well aware of them in advance, to make sure they are in line with his method/psychology/risk management plan, etc.

BTW, how many live traders do you know there/how many are there at TST?

Once live, is a trader considered 'employed' by them? How are taxes handled, before/after split?

Reply With Quote
Thanked by:




Last Updated on March 7, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts