Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA) - futures io
futures io



Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Topstep with 251 posts (605 thanks)
    2. looks_two bobwest with 116 posts (293 thanks)
    3. looks_3 Big Mike with 48 posts (165 thanks)
    4. looks_4 emini2000 with 36 posts (16 thanks)
      Best Posters
    1. looks_one Big Mike with 3.4 thanks per post
    2. looks_two DarkPoolTrading with 2.8 thanks per post
    3. looks_3 bobwest with 2.5 thanks per post
    4. looks_4 Topstep with 2.4 thanks per post
    1. trending_up 367,356 views
    2. thumb_up 2,088 thanks given
    3. group 384 followers
    1. forum 1,268 posts
    2. attach_file 44 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)

(login for full post details)
  #771 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,185 since Sep 2013
Thanks: 10,459 given, 12,663 received

Webinar room will open at 4 PM EDT. Space is limited.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to tturner86 for this post:

Can you help answer these questions
from other members on futures io?
Tick Data Group Buy
Emini and Emicro Index
No Scroll Position Size AddOn
NinjaTrader
Time to change of FCM
Emini and Emicro Index
value chart indicator by sim22
NinjaTrader
mahDualCandlePattern
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
122 thanks
How many day traders are profitable?
64 thanks
how many hours per day do you watch the market?
17 thanks
Hedging NQ and MNQ 1-10...
13 thanks
Prop Firm Combines Criteria
12 thanks
 
(login for full post details)
  #772 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,185 since Sep 2013
Thanks: 10,459 given, 12,663 received

Webinar has started and there is still room available.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to tturner86 for this post:
 
(login for full post details)
  #773 (permalink)
 cencored 
Australia
 
 
Posts: 49 since Oct 2015


Will there be a recording available?

Reply With Quote
 
(login for full post details)
  #774 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,185 since Sep 2013
Thanks: 10,459 given, 12,663 received


cencored View Post
Will there be a recording available?

Yes, please allow @Big Mike some time to upload it to Youtube and post here once it is done.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to tturner86 for this post:
 
(login for full post details)
  #775 (permalink)
 ValueFocused 
Chicago, Illinois
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, YM
 
Posts: 55 since Jan 2011
Thanks: 2 given, 99 received


cencored View Post
Thank you Pavanb and Bob.
This does make sense of course.
I did contact them directly and was told that the reason I cannot hold overnight trades is because they need all accounts to be flat in order to run their trade reports. If accounts weren't all flat, there would be inaccuracies in the reports as obviously there is floating PnL involved.

They did not mention any other reason. To be honest the increased overnight margin shouldn't really be an issue, as it shouldn't in ones personal account.
Or put differently: If you can't afford the overnight margin, you're trading too many contracts for your account size.

Another reason is that many firms simply are not willing to expose themselves to overnight or weekend risk. As a firm, they are flat at the end of the day. This is pretty common for prop firms, especially in Chicago. It comes down to how a firm chooses to do its risk management. It sounds like Topstep likes to generate their reports, review at end of day and go from there. That's their choice.

Reply With Quote
The following 4 users say Thank You to ValueFocused for this post:
 
(login for full post details)
  #776 (permalink)
 NGtrader 
Vancouver, Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ironbeam, Kinetick
Trading: UB, sometimes CL
 
Posts: 206 since Apr 2014
Thanks: 698 given, 174 received


cencored View Post
Thank you Pavanb and Bob.
This does make sense of course.
I did contact them directly and was told that the reason I cannot hold overnight trades is because they need all accounts to be flat in order to run their trade reports. If accounts weren't all flat, there would be inaccuracies in the reports as obviously there is floating PnL involved.

They did not mention any other reason. To be honest the increased overnight margin shouldn't really be an issue, as it shouldn't in ones personal account.
Or put differently: If you can't afford the overnight margin, you're trading too many contracts for your account size.

You cannot hold trades overnight but it does not mean you cannot initiate a trade in London session. I have friends who are funded with Topstep and they regularly trade London session, they just make sure they close their positions by 3 pm CST.

I confirmed this with one of their reps too.

Follow me on Twitter Reply With Quote
The following user says Thank You to NGtrader for this post:
 
(login for full post details)
  #777 (permalink)
 cencored 
Australia
 
 
Posts: 49 since Oct 2015


NGtrader View Post
You cannot hold trades overnight but it does not mean you cannot initiate a trade in London session. I have friends who are funded with Topstep and they regularly trade London session, they just make sure they close their positions by 3 pm CST.

I confirmed this with one of their reps too.

Yes I am certainly aware that you can trade in London session, that's obvious. I regularly trade in the Asian session too, but that's beside the point.

Reply With Quote
 
(login for full post details)
  #778 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,182 since Jun 2009
Thanks: 32,680 given, 99,541 received

Here is the webinar recording:



Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 8 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #779 (permalink)
pavanb15589
Bangalore+India
 
 
Posts: 40 since Aug 2015
Thanks: 5 given, 26 received


NGtrader View Post
You cannot hold trades overnight but it does not mean you cannot initiate a trade in London session. I have friends who are funded with Topstep and they regularly trade London session, they just make sure they close their positions by 3 pm CST.

I confirmed this with one of their reps too.

Yes. There is a difference between holding a trade into the close and reopening a position after the open. But I know we can trade during anytime of the day. As long as you close positions before the close of the market, there is no restrictions and when you dont hold beyond the close, it is still an Intraday trade and you still get Intraday margin advantage by the broker. I trade Asian, London and US markets courtesy of my current co-ordinates, India.

Reply With Quote
 
(login for full post details)
  #780 (permalink)
 Forexoil 
Bangkok thailand
 
Experience: Advanced
Platform: Multicharts, ninjatrader, tradestation, fxcm
Trading: Es forex
 
Posts: 116 since Jan 2015
Thanks: 128 given, 64 received


TopStep Trader Update and Survey - Trading Schools.Org

reading this TST looks like it is in the business of collecting money from hopeful 'traders' who either live in a developing country , or whose school allowance doesnt pay enough to open a real account?
I can't see any reason to join them unless someone was utterly broke? seems a fishy business.

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)


Last Updated on April 12, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
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.
no new posts