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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)

  #321 (permalink)
Elite Member
NY NY
 
Futures Experience: Advanced
Platform: NinjaTrader
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Theodutchtrader View Post
Does anybody have information how you as a junior or seniortrader be paid? Is this ones a month or two times a months.
I can't find any information on the site of topsteptrader.


Visit this page https://www.topsteptrader.com/learnmore and scroll down to "Funded Trader Account Details". This is also a good resource for just that info. Funded Trader ? Help & Feedback Center

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  #322 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
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Theodutchtrader View Post
Does anybody have information how you as a junior or seniortrader be paid? Is this ones a month or two times a months.
I can't find any information on the site of topsteptrader.

Hi, I'm not anyone who can answer officially for TsT, but I recall that the question has come up a few times on the Friday Squawk broadcast they to with Michael Patak, and here is what I have understood. Note that anything I write is not official, but I think it's right:

1. Junior traders cannot take withdrawals from the account.

2. They become senior when they have accumulated their required account balance (which varies based on the Combine they passed to become funded), if they also do not lose more than their maximum trailing drawdown and meet the other performance standards.

3. Once they are seniors, it is up to them to decide when to ask for a withdrawal. Once they ask for one, TsT will take its share from the withdrawn amount and send them their share, based on the profit split in effect. Initially, the trader gets 60% and TsT gets 40; as the amount of profit the trader has made goes up, the split gets better for him -- first to 70/30 and then to 80/20. The web site has details.

4. Payouts, if requested, are made twice a month, on the first and the fifteenth.

5. If a junior trader has a positive profit balance but fails to meet one of the other requirements before going senior, his account is closed and TsT sends him the amount due him based on his split (which will be 60%).

Remember, I am not speaking for TopstepTrader, but these are the rules as I understand them. Perhaps @TopstepTrader can check me on this.

Bob.

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  #323 (permalink)
Elite Member
Spain / Europe
 
Futures Experience: Intermediate
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Any news on making EUREX products available for the combine?

I remember you had them before

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  #324 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
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Favorite Futures: ALL- Futures, Forex, Equities
 
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joselopezde View Post
Any news on making EUREX products available for the combine?

I remember you had them before

Joselopezde- We are working to get Eurex but do not have a date this will be available. Once we move further along in our discussions with them, I will provide a better update.

mp

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #325 (permalink)
Trading for Fun
delhi, delhi, india
 
Futures Experience: Intermediate
Platform: cqg ic
Favorite Futures: oil
 
Posts: 59 since Dec 2013
Thanks: 10 given, 13 received

Is the data you provide through the TST program - the real time quotes, delayed?
Is it unfiltered data from the exchange?

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  #326 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: PTP / Rithmic
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nemeis45 View Post
Is the data you provide through the TST program - the real time quotes, delayed?
Is it unfiltered data from the exchange?

TST uses Rithmic data feed.

There's no delay on the quotes because otherwise you won't be able to trade your Combine account properly.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #327 (permalink)
Trading Apprentice
Malaysia,Kualalumpur
 
Futures Experience: Intermediate
Platform: Ninjatrader,Metastock,Metatrader
Favorite Futures: GC,CL,6E
 
Commodity's Avatar
 
Posts: 32 since May 2013
Thanks: 50 given, 12 received

hi all;

TST has changed it's profit target (decreased it) recently .

1- which parameters of a combine can be customized ?(daily loss limit ,etc...)
2-some one said that draw down is twice the daily loss limit. in 150k combine it's not true.it seems 30k combine has the best parameters of a maximum draw down .is it possible to set draw down of a 150k account twice of daily loss limit too ?

Thanks

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  #328 (permalink)
Elite Member
calgary canada
 
Futures Experience: Advanced
Platform: ninja trader
Favorite Futures: CL, GC, ES
 
daytrader07's Avatar
 
Posts: 21 since Oct 2012
Thanks: 33 given, 16 received

Is the 20 day combine gone? I only see 10 days on the site.

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  #329 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
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Is it possible to hold positions overnight or is the program limited to intra-day only?

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  #330 (permalink)
Trading Apprentice
Malaysia,Kualalumpur
 
Futures Experience: Intermediate
Platform: Ninjatrader,Metastock,Metatrader
Favorite Futures: GC,CL,6E
 
Commodity's Avatar
 
Posts: 32 since May 2013
Thanks: 50 given, 12 received



sands View Post
Is it possible to hold positions overnight or is the program limited to intra-day only?

as their website says :if you want to hold overnight positions, you should close open positions manually before end of trading day and re open it after that manually when market is open again

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