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Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)
Thanks @SawDr and @rintin2x for the questions. Our goal is always to make the Trading Combine a fair test of a traders' ability to consistently profit. Consistently is the key.
As you may know, in January, we moved our profit targets lower from where they were in 2017 - a response to the market environment at that time. (Basically, markets were like watching paint dry.) Even though we lowered our profit targets, we did not tighten the Trailing Maximum Drawdown in the accounts.
Then February happened. The VIX tripled. Volatility was back - and in a big way. Instead of being reactionary, we waited to see if it was temporary. Since then, the VIX has come down, but is still double where it was when we lowered our profit targets.
(Just today, there's been a 30 point range in the S&P 500. That's a $1,500 move on a 1-lot.)
With that volatility, we thought it best to move the program back to where it was in 2017 and increase the $30K Trading Combine profit target by $500. Since the Trailing Maximum Drawdown didn't change with the January adjustment, we didn't adjust it on this side either.
We take feedback very seriously and have adjusted our program many times over the years as the result of trader feedback. As the market environment changes, we'll continue to tweak the program to make sure that we can identify and find profitable traders to fund with our capital.
With that volatility, we thought it best to move the program back to where it was in 2017 and increase the $30K Trading Combine profit target by $500. Since the Trailing Maximum Drawdown didn't change with the January adjustment, we didn't adjust it on this side either.
So you are saying that in 2017 the 30k combine target was $2000? I'm not seeing that in my records...looks like it was always $1500 until now.
Hi @SawDr. Thanks for the question. The larger accounts were moved back to where they were in 2017, and the $30k account was increased by $500 as we mentioned in our last post.
Please let us know if we can answer any other questions.
