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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

  #281 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
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Hoag View Post
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.

@Hoag
Thanks a lot for clarifying this.

So, on the other hand one needs probably decent more time to reach the 15k / 30k profit level if a smaller account size is traded.

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  #282 (permalink)
 
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 Hoag 
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Futures Operator View Post
@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.

Futures operator,
Just to clarify, the average winning trades and losing trades are calculated by a running total of all the trades through the Combine. If you have any further questions about how the stats are calculated, feel free to contact us. Trade well.

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  #283 (permalink)
 
Big Mike's Avatar
 Big Mike 
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https://www.twitter.com/MichaelPatak/status/260810887013740544

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  #284 (permalink)
 
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 Big Mike 
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https://www.twitter.com/TopstepTrader/status/260882062788153346



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  #285 (permalink)
 TrendTraderBH 
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Great video....usually the best advice is the simplest.

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  #286 (permalink)
 lancelottrader 
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I was curious about this program, even though I already trade a decent sized account. I am pretty confident i could meet the profit objectives . However, the subjective criteria such as "time in a winning trade versus a time in a losing trade" is something I'm not comfortable with. It seems to exist to give reasons to reject someone even if they prove to be consistently profitable. What if I catch some explosive moves in CL that yield 50 ticks in a couple of minutes? That happens frequently and I often score those moves as anyone who has followed my thread can attest to. Sometimes I take slower moving trades that might remain 5 or 6 ticks down for a long period of time before finally going on to hit their target..or hit my stop. So I don't see the duration of time in regards to whether one is negative or positive in a trade to be of any importance whatsoever.
The only objective criteria, in my opinion is whether you meet the profit objectives and simultaneously adhere to the drawdown requirements.

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  #287 (permalink)
 
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 Big Mike 
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lancelottrader View Post
I was curious about this program, even though I already trade a decent sized account. I am pretty confident i could meet the profit objectives . However, the subjective criteria such as "time in a winning trade versus a time in a losing trade" is something I'm not comfortable with. It seems to exist to give reasons to reject someone even if they prove to be consistently profitable. What if I catch some explosive moves in CL that yield 50 ticks in a couple of minutes? That happens frequently and I often score those moves as anyone who has followed my thread can attest to. Sometimes I take slower moving trades that might remain 5 or 6 ticks down for a long period of time before finally going on to hit their target..or hit my stop. So I don't see the duration of time in regards to whether one is negative or positive in a trade to be of any importance whatsoever.
The only objective criteria, in my opinion is whether you meet the profit objectives and simultaneously adhere to the drawdown requirements.

My understanding is that you could put forth a custom combine plan without this particular metric/criteria, and your reasons for its deletion, and they might approve it.

I also heard Michael say that the number of people that pass a custom combine are far, far fewer than those who take the regular course. This seems to indicate people haven't really tested themselves prior to joining the combine, if they write a custom plan for their own style and still can't pass it...

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  #288 (permalink)
 
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 Big Mike 
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https://www.twitter.com/MichaelPatak/status/261516955884855296

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  #289 (permalink)
 mfootlick 
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lancelottrader View Post
I was curious about this program, even though I already trade a decent sized account. I am pretty confident i could meet the profit objectives . However, the subjective criteria such as "time in a winning trade versus a time in a losing trade" is something I'm not comfortable with. It seems to exist to give reasons to reject someone even if they prove to be consistently profitable. What if I catch some explosive moves in CL that yield 50 ticks in a couple of minutes? That happens frequently and I often score those moves as anyone who has followed my thread can attest to. Sometimes I take slower moving trades that might remain 5 or 6 ticks down for a long period of time before finally going on to hit their target..or hit my stop. So I don't see the duration of time in regards to whether one is negative or positive in a trade to be of any importance whatsoever.
The only objective criteria, in my opinion is whether you meet the profit objectives and simultaneously adhere to the drawdown requirements.

lancelottrader, you may submit a request to be evaluated on a customized Combine objective (you may choose to omit or change certain requirements such as the trade duration requirement). More information about how to do that may be found here: TopstepTrader - Where Talent Meets Opportunity. Let me know if you have any other questions!

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  #290 (permalink)
 
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 tderrick 
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mfootlick View Post
lancelottrader, you may submit a request to be evaluated on a customized Combine objective (you may choose to omit or change certain requirements such as the trade duration requirement). More information about how to do that may be found here: TopstepTrader - Where Talent Meets Opportunity. Let me know if you have any other questions!

Hey... another TST guy...

Nice to have a TST presence here at the futures.io (formerly BMT). Thanks @mfootlick


AJ
Nashville, Tennessee


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