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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

  #271 (permalink)
 
josh's Avatar
 josh 
Georgia, US
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@Big Mike, do you have a link for this?

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  #272 (permalink)
 
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 Big Mike 
Manta, Ecuador
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josh View Post
@Big Mike, do you have a link for this?

For what? If you mean my last post, it is a Tweet. Michael sends them out every now and then.

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  #273 (permalink)
 
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 BeachTrader 
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@Big Mike, you seem really interested in TopStepTrader. Do you plan to try the Combine too?

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  #274 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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BeachTrader View Post
@Big Mike, you seem really interested in TopStepTrader. Do you plan to try the Combine too?

No, my trading style (not scalping) isn't a good fit for the Combine. I am interested because I think it can help a lot of people in areas that almost everyone usually avoids (discipline and risk). I am glad to bring these topics to the surface and help them gain attention, because I think they are critically important to a traders success.

I would much rather spend my time on TST threads than on indicator or methodology threads.

Mike

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  #275 (permalink)
 
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 josh 
Georgia, US
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Big Mike View Post
For what? If you mean my last post, it is a Tweet. Michael sends them out every now and then.

Mike

Yes, I just was not sure if this is something that I can go look at online, or if only he has access to it.

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  #276 (permalink)
 
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 Daytrader999 
Ilsede, Germany
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Hoag View Post
Josh,
Once you have accumulated net profits of 30k you receive the 80/20 split and do not need to maintain that cushion.

@Hoag
I've got one question regarding the 'cushion size':

Does the amount of 30k apply to ALL account sizes ?
What I'm trying to say is, if I get funded with a 50k account, do I need to build the same cushion size of 30k to get the advantage of an 80/20 split or will this be relativized to an amount of 10k (cause it's only a third of a 150k account) ?

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  #277 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Swing Trader
 
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josh View Post
Yes, I just was not sure if this is something that I can go look at online, or if only he has access to it.

Can't answer that sorry. He tweets them and it looks like a spreadsheet, so probably some internal report or something.

Mike

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  #278 (permalink)
 
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 Hoag 
Chicago Illinois
 
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Daytrader999 View Post
@Hoag
I've got one question regarding the 'cushion size':

Does the amount of 30k apply to ALL account sizes ?
What I'm trying to say is, if I get funded with a 50k account, do I need to build the same cushion size of 30k to get the advantage of an 80/20 split or will this be relativized to an amount of 10k (cause it's only a third of a 150k account) ?

Yes, the 15k and 30k levels apply to all account sizes. Once that profit level is reached, your split improves and you do not need to maintain that balance.

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  #279 (permalink)
 Futures Operator 
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josh View Post
questions for @Hoag:

There appears to be a very strange way that the overall stats are being calculated. Instead of being calculated as an entire set, they are calculated as a daily average. So right now my average loss is greater than my average win, but this is only possible if I have lost money net, and I'm up $800. So for two days my average loss was -$303 and -$150. You are averaging these two numbers, instead of averaging all trades. This is obviously not really correct -- if I have ten trades the first day all losing -$200 each, and one trade losing -$5 the second day, my average loss is -$182, not -$102. Help me please if I am misunderstanding this.

@Hoag, or anyone else, could you please explain why the stats are calculated this way, taking the overall average of each trading day, rather the overall average of all trades? Isn't this inaccurate for an overall view of all trades? Just trying to understand.

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  #280 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,536


https://www.twitter.com/MichaelPatak/status/258980504206974976

Mike

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