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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

  #221 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
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omni72 View Post
Undoubtedly, you can find some ideas and possible best practices from the top performers list. But you can definitely get an idea of what the other side is doing when it comes to less-than-best practices:




That hurts, man. Some of those guys are just days into their combine, and they are already out of it for this go-around. I don't know if it comes across yet, but this ain't an easy gig.

It is great to see guys pulling 10k days on just 10 cars. That's awesome. It really is and I hope to see more nexusfi.com (formerly BMT)'ers on that kind of list. But part of what that dude did was NOT do stuff that knocked him out of the the race. Stuff that was common on the other list.

If you want to obsess about anything, obsess about risk.

another reason why these guys, and why i would finish the combine out is i think you can hit 2 or 3 of the 4 goals(i could be off on these numbers but i havnt looked at them for awhile but i did know at one time) and get your money back or roll it into another combine... so not only for the mental side of things, or for the extra time(already paid for) that you have to work with their system and improve, you can also get your money back..

dont believe anything you hear and only half of what you see

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  #222 (permalink)
 
omni72's Avatar
 omni72 
Tulsa, OK
 
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Big Mike View Post
Is the DLL net or gross? A couple of those at the bottom of the list maybe thought it was gross, and didn't factor in commissions.

Mike

Excellent question. It is net and I am certain you are correct. On the surface it seems like a trivial thing to just get the details wrong on something like that. The problem is those details effectively relate to the opportunity to trade someone else's money. It's probably a good idea to err on the side of caution and a better idea to know as much as possible before placing their first trade




madLyfe View Post
another reason why these guys, and why i would finish the combine out is i think you can hit 2 or 3 of the 4 goals(i could be off on these numbers but i havnt looked at them for awhile but i did know at one time) and get your money back or roll it into another combine... so not only for the mental side of things, or for the extra time(already paid for) that you have to work with their system and improve, you can also get your money back..

While I agree with finishing out, it would only be to get what I can from the experience and practice. Exceeding your Daily Loss Limit always eliminates you from contention for refunds and funded accounts. It's the only rule you can't recover from (unlike hold time, w/l ratio, etc). Exceed it, and you are done.

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #223 (permalink)
 
omni72's Avatar
 omni72 
Tulsa, OK
 
Posts: 348 since Jan 2012
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Got this in my email this afternoon:


Quoting 
Join us for a 3-part webinar series with Linda Raschke!

TopstepTrader is excited to announce that Linda Bradford Raschke will be presenting a 3-part webinar series on the TopstepTrader Live Squawk Radio, starting TOMORROW, October 12, 2012 at 12pm CST.

Linda Raschke has been a full time professional trader for over 30 years. Linda is a commodities and futures trader and is President of LBRGroup, Inc., a registered CTA and money management firm and president of LBR Asset Management, a Commodity Pool Operator. Her hedge fund has been ranked 17th out of 4500 for best 5 year performance by BarclaysHedge. Linda has been featured in dozens of financial publications, books, and radio and television programs. Linda has also co-authored a best-selling book and has lectured in over 22 countries.

Linda's 3-part webinar series will cover the following topics each week, followed by a Q&A session:

Week 1 Topic (Friday, October 12): Preparing my game plan for the day - How to implement my strategy properly, the things that might keep me from implementing it, and how to address these issues with preventative measures.

Week 2 Topic (Friday, October 19): Routines and Rituals - The importance of creating structure. Insurance for the numbers game. Insurance? For what?

Week 3 Topic (Friday, October 26): Survey of the Scenery - Strategies, styles, trading environments, indicators, news, execution platforms. "Help me I have brain fry....."

Join us tomorrow when we will be opening up our Live Squawk Radio all day (beginning at 8:15am CST) to guests. To join the broadcast, follow this link TST Trading Floor, choose the "pit" of the product you trade, check the "Login as guest" box, and enter a Display Name.

We look forward to seeing you in the chat room tomorrow. Questions? Contact us at 312.252.9490 or email support (at topsteptrader.com).

So it appears as though this is open to non-TST'ers too. Nice!

I'm a bit of a LBR fanboi, so I'm pretty psyched they are bringing her in

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #224 (permalink)
 
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 josh 
Georgia, US
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Experience: None
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Broker: Denali+Rithmic
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Is anyone else using Sierra for their combine? I just signed up for a 20 day (it seems to be what the cool kids are doing), and I am unclear as to whether to use the Sim server or Live server, and also under Accounts I have two listed -- they are both long and one starts with a letter and another with a number. Anyone using Sierra or T4 know about this?

It will be interesting to see if I can manage my regular live account with this one simultaneously.

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  #225 (permalink)
 
omni72's Avatar
 omni72 
Tulsa, OK
 
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josh View Post
Is anyone else using Sierra for their combine? I just signed up for a 20 day (it seems to be what the cool kids are doing), and I am unclear as to whether to use the Sim server or Live server, and also under Accounts I have two listed -- they are both long and one starts with a letter and another with a number. Anyone using Sierra or T4 know about this?

It will be interesting to see if I can manage my regular live account with this one simultaneously.

You will need to use the Sim server. Did you sign up with the practice account as well? Guessing one is your practice account and the other is your Combine account (that gets reviewed).

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #226 (permalink)
 
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 josh 
Georgia, US
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omni72 View Post
You will need to use the Sim server. Did you sign up with the practice account as well? Guessing one is your practice account and the other is your Combine account (that gets reviewed).

Thank you omni. Yes, the practice account came free so I have one. I sent them an email to ask, but have not heard back and was trying to get everything set up tonight so if I decide to trade this account tomorrow it will be smooth sailing. Do you mind looking to see if your combine account starts with two letters, or two numbers?

EDIT: nevermind that, I figured a way to find it. I can log into the CTS T4 mobile and it's labelled in there so I can do it this way.

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  #227 (permalink)
 
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 omni72 
Tulsa, OK
 
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josh View Post
Thank you omni. Yes, the practice account came free so I have one. I sent them an email to ask, but have not heard back and was trying to get everything set up tonight so if I decide to trade this account tomorrow it will be smooth sailing. Do you mind looking to see if your combine account starts with two letters, or two numbers?

EDIT: nevermind that, I figured a way to find it. I can log into the CTS T4 mobile and it's labelled in there so I can do it this way.

Awesome! Glad you got it squared away. I think the dual account capability is relatively new in SC and haven't actually used it. The only time I've used my practice account was for the first couple of days of my combine when unbeknownst to me my T4 platform defaulted to it instead of my real-deal combine account

Funny thing is some guy was on here the other day talking about how TST traders need to make sure of the details before they put on a trade ... Hey, I never said I was immune to these things. A lot of the knowledge I try to pass along comes from mistakes I've made

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #228 (permalink)
 
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 Big Mike 
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So just to clarify, what is the correct procedure here with Sierra Chart?

Mike

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  #229 (permalink)
 
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 madLyfe 
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is there a way we can sorta list all of the TST journals in one area, or leave them in their respective posted areas but note them as being TST journals somewhere?

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #230 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Swing Trader
 
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madLyfe View Post
is there a way we can sorta list all of the TST journals in one area, or leave them in their respective posted areas but note them as being TST journals somewhere?

Could just keep an on-going list in this thread.

Here are the ones I can think of right now:

@David_R's
@mmarco's
@addchild's
@tderrick's

I think that @josh and @Silver Dragon have mentioned they will be starting the combine, but don't quote me on that.

Mike

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