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


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

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  #931 (permalink)
 Topstep  Topstep is an official Site Sponsor
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aquarian1 View Post
@TopstepTrader
Hi Micheal,

Below is what I understand from what I have been able to piece together. Is this correct?

You lose your funded account if:
  1. You exceed the max drawdown (e.g. $2,000) in the first ten days.
  2. You exceed your daily loss limit (e.g $1,000) in the first ten days.
  3. You exceed your weekly loss limit (e.g $1,000) in the first ten days.
  4. You fail to make a net profit in the first 10 days after receiving your funded account.
  5. You trade more contracts than your scaling plan.
  6. You trade contracts outside the allowed times and months and instruments.
  7. You fail to close all trades one minute prior to "economic" times
  8. You do not close out your trades by 5mins prior the end of the trading day for that contract. (e.g. 15:10CT for ES)

After the first ten days, you lose your funded account if:
  1. You let your "net profit position on deposit" drop below $0.
  2. You trade more contracts than your scaling plan.
  3. You trade contracts outside the allowed times and months and instruments.
  4. You fail to close all trades one minute prior to "economic" times.
  5. You do not close out your trades by 5mins prior the end of the trading day for that contract. (e.g. 15:10CT for ES)

---------------
"net profit position on deposit"
= e.g. If you were funded with $50,000 and made $2,500 and then withdrew $2,000 your net profit position on deposit would equal $500 less exchange fees ($65/mo) = $435. This is another way of saying your watermark is $50,435.

If you lose your funded account you drop back into the combines - no 1 free combine anymore.
===========


Thanks aquarian1 for the question. You have an accurate understanding of our program, and Opstar did a good job at confirming some of our rules. Yes, we did eliminate our 'Maintain an Account Balance greater than $0 after a minimum of 10 trading days' rule. You can read more about this change here: [BREAKING] Two Rules Eliminated

To clear up any confusion, our exchange fees are actually CME data fees that are passed through to our traders. Hope this information helps, and please let us know if you have any more questions about our program.

Trade Well

If you have any questions about our products or services at Topstep (formerly TopstepTrader), please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #932 (permalink)
 Topstep  Topstep is an official Site Sponsor
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Maxie View Post
Hi Michael,

I would like to know: if you want to trade with NT, who is the license, you or I?

What are the fees per trade?
If I am for example a 50Tsd. Account, then I may have 5 trades open at the same time. If I have the closed, we take time in the plus, may I continue on the same day still continue to trade? Or only 5 Trades per day?

Is it possible to trade options?


Hi, Maxie. Thanks for your question. As a funded trader, you're responsible for providing the platform you want to use while trading. Funded traders who are interested in using NinjaTrader may receive a $100 discount on a Single Broker Lifetime License or a $300 discount on the Multi Broker Lifetime License. You can find more information on the cost of the NinjaTrader platform here.

For all information regarding NinjaTrader and fees, please reference our Profits and Fees FAQ. There are several articles in this section relevant to this topic.

Unfortunately it is not possible to trade options in our Trading CombineŽ. As of right now we only support the Futures Combine. Coming very soon is the The Forex Trading Combine. This will give you the same great opportunity as the Futures Combine, but will allow you to trade and be evaluated on the popular foreign exchange market.

Hope this information is helpful. Trade Well.

If you have any questions about our products or services at Topstep (formerly TopstepTrader), please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #933 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
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Posts: 426 since May 2011
Thanks: 148 given, 738 received


If you sign up for a $100 combine, there is also a monthly fee of $160. So for 1 month it amounts to $260. After that, you're charged $160 per month regardless whether you're in a combine or not? What is the $160 for?
Someone may have asked this question before - so a link to the answer would be fine.
Thanks.

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  #934 (permalink)
 Topstep  Topstep is an official Site Sponsor
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phantomtrader View Post
If you sign up for a $100 combine, there is also a monthly fee of $160. So for 1 month it amounts to $260. After that, you're charged $160 per month regardless whether you're in a combine or not? What is the $160 for?
Someone may have asked this question before - so a link to the answer would be fine.
Thanks.

Hi there. The monthly renewal cost of the Trading CombineŽ is set to recur once a month from the signup date, until completed or canceled. You may reset this account at any time for $100 by clicking on the "Reset" button on your Trade Report. This will reset your starting balance and rules but will not affect your monthly renewal date. For more information on Trading CombineŽ sizes and pricing head to our Learn How page and scroll down to step 1. Hope this helps.

Trade Well

If you have any questions about our products or services at Topstep (formerly TopstepTrader), please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #935 (permalink)
pavanb15589
Bangalore+India
 
 
Posts: 40 since Aug 2015
Thanks: 5 given, 26 received

I am looking at the below configuration on an Ultrabook for my Trading with Ninjatrader (With TopStepTrader).

7th Generation Intel Core i3-7100U Processor (2.4GHz, 3MB L3 Cache)
14" Full HD (1920 x 1080) Widescreen LED-backlit Display
4GB DDR4 Onboard Memory, 128GB SSD
Windows 10 Home

Is this enough or should I go for a higher Memory and i5 Processor. This falls into my budget. Currently I work on a desktop with 8GB Ram and 4th Gen i5 Processor.


Please advice..!!

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  #936 (permalink)
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
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Posts: 958 since Nov 2010


pavanb15589 View Post
I am looking at the below configuration on an Ultrabook for my Trading with Ninjatrader (With TopStepTrader).

7th Generation Intel Core i3-7100U Processor (2.4GHz, 3MB L3 Cache)
14" Full HD (1920 x 1080) Widescreen LED-backlit Display
4GB DDR4 Onboard Memory, 128GB SSD
Windows 10 Home

Is this enough or should I go for a higher Memory and i5 Processor. This falls into my budget. Currently I work on a desktop with 8GB Ram and 4th Gen i5 Processor.


Please advice..!!

Its more than enough.

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  #937 (permalink)
 Raider 
Canada
 
Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker: Rithmic
Trading: ZB UB
 
Posts: 143 since Dec 2016

Hello, I'm wondering if the introduction of competition in this market place is perceived as a good thing by topsteptrader? Although it hasn't been launched, has topsteptrader considered matching Oneuptrader in certain ways if they come to market?


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  #938 (permalink)
emini2000
Atlanta GA USA
 
 
Posts: 278 since Aug 2013
Thanks: 69 given, 268 received


forgiven View Post
what present of funded traders make 200,000 a year , what present of funded traders stay funded and trading with you for 12 straight months ...thanks


TopstepTrader View Post
Thanks for reaching out! We can't share personal financial information about our traders...

Really?





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The following user says Thank You to emini2000 for this post:
 
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  #939 (permalink)
 Renkotrader 
Frankfurt, Hessen, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: NTB & Continuum
Trading: 6E, 6J, CL, FDXM, FGBL, GC, HG, NG, NQ, RTY, SI, YM
 
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Posts: 511 since May 2012
Thanks: 1,332 given, 216 received

The argument from @emini2000 is right and valid. There is no reason for not telling the truth. It's okay, if there are not much real successful traders measured in percent, no problem. It's not needed to get all absolutely dates, but all we ask for getting percent dates you Michael deny to telling its us. So our questions to this will not ends. We are customers. We paid, we are paying or we will pay for the Combine. Me included, I paid more than 1000$ including the resetings. So it is fair to get answers from you. Concrete facts. That is, how I am thinking about this. Sorry, if you can't agree with me. Best regards, Renkotrader.

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  #940 (permalink)
 Tymbeline 
Market Wizard
Leeds UK
 
Experience: Intermediate
Platform: TradingView
Broker: LCG, Oanda
Trading: ES, 6E, Cable
 
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Posts: 505 since Apr 2015
Thanks: 1,569 given, 754 received



Raider View Post
has topsteptrader considered matching Oneuptrader in certain ways if they come to market?


A little ironic, perhaps, to talk about TSt "matching" some people who have stolen so much content directly from their site? These purported "TST copycats" seem to start up three or four times a year, often (like this one) copying TST's structure identically or almost identically, and often (like this one) copying many whole paragraphs or even whole pages from TST's website, word for word.

Except without the lists of hundreds of successfully funded traders, of course - they never have that. In fact, I've never yet heard of one going on to become established and paying out earnings to a single trader.

You have to feel sorry for TST? It's evidently because they've thought up and so professionally executed this business model for so long that their success in getting traders funded and earning has now gradually spawned a never-ending succession of scammy imitators, all of which - so far - sink without trace (but often having swallowed a lot of "trial fees" in the process). And because of that, the whole "industry" they more or less started themselves, in their format anyway, is acquiring something of a scammy reputation, and some of the misinformation and ill-informed prejudice about TST itself, arising indirectly from that reality, is pretty disappointing.

Maybe this "OneUp" one will prove to be the first ever exception (irony intentional)?

If I ran TST, I really don't know whether I'd be ignoring them completely, watching them with bemusement, or serving DMCA copyright notices against their hosting companies for all the duplicate sites. I'm not sure I'd want to comment in public, though, whatever they think.

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