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TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)


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TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)

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  #1141 (permalink)
canoekoh
Chicago, IL
 
 
Posts: 68 since May 2018
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can you guys please offer a way to attempt the Combine with SierraChart?

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  #1142 (permalink)
 Topstep  Topstep is an official Site Sponsor
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Posts: 271 since Feb 2013
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lemons View Post
Reading behind the lines of TST answer : " We hope you slip and reset account and we make money "

In funded account its enabled and they don't want to reinforce learned discipline for traders ?
Camon if you want to teach discipline unable the feature from live accounts too.


Tymbeline View Post
TST's answer does come across that way, a little, I'm sorry to say.

Hi there. We never want to see traders fail, but we arenít unfamiliar to the idea - in fact, Topstepís founder lost three $30,000 brokerage accounts when he started out in futures trading, and he made it our mission to make sure traders donít have to do the same in order to learn and profit from trading.

It takes time and education in order to become a profitable trader. We believe that the Trading Combine is a great way to control your downside, become a better trader, and take advantage of market opportunities in a safe environment. Topstep offers a structured program, with defined benefits that we completely guarantee. That being said, we understand that our program is not for everyone. If you choose to go the brokerage route, we sincerely wish you the best and hope you find success on your trading journey.

Thank you,

Team Topstep

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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  #1143 (permalink)
 Topstep  Topstep is an official Site Sponsor
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Posts: 271 since Feb 2013
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canoekoh View Post
can you guys please offer a way to attempt the Combine with SierraChart?

Good morning,

We previously offered SierraChart as a platform option, but no longer do since they stopped supporting Rithmic as a data feed. We don't currently have plans to offer SierraChart again, but you can check out our supported platforms here.

Thank you!

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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  #1144 (permalink)
Aries86
New York, Usa
 
 
Posts: 5 since Jun 2020
Thanks: 0 given, 1 received

Hello I was interested in starting off with one of your smaller accounts. If I pass both evaluations for a smaller account and want to get a larger funded account would I have to do the evaluation for that as well even though I passed the smaller account evaluation?

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  #1145 (permalink)
 Topstep  Topstep is an official Site Sponsor
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Aries86 View Post
Hello I was interested in starting off with one of your smaller accounts. If I pass both evaluations for a smaller account and want to get a larger funded account would I have to do the evaluation for that as well even though I passed the smaller account evaluation?

Hi Aries86,

If you wanted to switch the account size, you would have to do the relevant Trading Combine from Step 1. However, you can upgrade your loss limits after $5K in profits and your maximum position size past the scaling plan after $10K in profits. This is what we typically recommend instead of starting over with a new account.

You can learn more on the scaling plan once you're in a funded account here.

Hope this helps - thank you!

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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  #1146 (permalink)
 Tymbeline 
Leeds UK
 
Experience: Intermediate
Platform: TradingView
Broker: LCG, Oanda
Trading: ES, 6E, Cable
 
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TopstepTrader View Post
you can upgrade your loss limits after $5K in profits

Is that "as a right" or "a possibility, subject to negotiation", please?

(I ask because with the funded account's maximum permitted drawdown trailing open equity, rather than realized profits, that would be more relevant to me than increased position-sizes.)

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  #1147 (permalink)
 Smackalackattack 
Newnan Ga/US
 
Experience: Beginner
Platform: Sierra Chart
Trading: Emini ES/CL/GC
 
Posts: 7 since Feb 2020
Thanks: 4 given, 9 received


canoekoh View Post
can you guys please offer a way to attempt the Combine with SierraChart?

Itís funny, I just started my combine recently, choosing Sierra Chart, but it was right as they were dropping it due to the new data feed Sierra has. I was very confused at first...what I do now, is just use Sierra Chart as normal and just overlay the TSTrader DOM over my Sierra DOM and then trade like normal. Not ideal, but it works.

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  #1148 (permalink)
Dargentiere
Brest, France
 
 
Posts: 2 since Jul 2020
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Smackalackattack View Post
Itís funny, I just started my combine recently, choosing Sierra Chart, but it was right as they were dropping it due to the new data feed Sierra has. I was very confused at first...what I do now, is just use Sierra Chart as normal and just overlay the TSTrader DOM over my Sierra DOM and then trade like normal. Not ideal, but it works.

you can use Sierra chart with CTS T4 feed I believe ...

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  #1149 (permalink)
 Topstep  Topstep is an official Site Sponsor
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Posts: 271 since Feb 2013
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You've probably heard the recent news in our industry. I wanted to take a minute to share some thoughts and talk about our values at Topstep. You can view the video here.

Thank you,

MP

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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  #1150 (permalink)
 SBtrader82 
Market Wizard
Rovigo (ITALY)
 
Experience: Intermediate
Platform: SierraChart, MotiveWave
Broker: Rithmic, Dorman, Interactive Brokers
Trading: Emini, Nasdaq, DAX, Bund, IBEX
 
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Posts: 511 since Feb 2018
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Can anyone mention the news Michael Patak refers to?
Did I miss something?
TopstepTrader View Post
You've probably heard the recent news in our industry. I wanted to take a minute to share some thoughts and talk about our values at Topstep. You can view the video here.

Thank you,

MP

Sent using the futures.io mobile app

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