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Anybody heard of topsteptrader (review)
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Anybody heard of topsteptrader (review)

  #111 (permalink)
Elite Member
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phantomtrader View Post
Hi Lornz - Good post. And don't feel bad. At least you analyze your results honestly and know what areas to work on if you decide to go forward with your trading.
I didn't do well with the Combine either and it was mainly due to the T4 platform. My strategy requires a lock-in of small profits fast several times each 2 ticks apart and moving the stop as soon as the profit is locked in with the runners managed manually. Couldn't do it on the T4 - too slow, too inefficient - a big mess. I understand TopStep will offer Ninja in about a month. This could make a tremendous difference to results because you can design templates for the DOM and execute your setup with one click.

Good luck to you and thanks for posting your results.

People seem to forget that sierra chart is already available to use. Albeit not for free.

"If I agreed with you, we'd both be wrong."
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  #112 (permalink)
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very few people or none?

That very few people should meet the combine's requirements is given. Now the possible reality that not a single trader ever gets funded is an open question still not answered here. We should at least have evidence that this is not a new sucker born every day. How can we see evidence that topsteptrader isn't a scam?

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  #113 (permalink)
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joaobucks View Post
That very few people should meet the combine's requirements is given. Now the possible reality that not a single trader ever gets funded is an open question still not answered here. We should at least have evidence that this is not a new sucker born every day. How can we see evidence that topsteptrader isn't a scam?

Considering the latest estimate of those who make it in this game is 10%, yes, most people fail at TST.

My closest trading friend has been funded.

Do you really think @Big Mike would allow not one, but two
seminars by a fraud? I think not

If I were screening traders to trade my money, I would be even harder on them in the combine.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #114 (permalink)
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IMO, there is no economic reasoning for it to be a scam, the business model is to great. They get 20-40% of all profits made by live traders, and likely ALL risks are covered +some, with income from the combines.

"If I agreed with you, we'd both be wrong."
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  #115 (permalink)
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thanks for clarification

Futures Edge on FIO
Good to know that it is legit.

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  #116 (permalink)
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joaobucks View Post
That very few people should meet the combine's requirements is given. Now the possible reality that not a single trader ever gets funded is an open question still not answered here. We should at least have evidence that this is not a new sucker born every day. How can we see evidence that topsteptrader isn't a scam?

You can look at their youtube channel, they post live interviews of newly funded traders every week, which is also available to members of their room real time.

Mike

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  #117 (permalink)
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Big Mike View Post
You can look at their youtube channel, they post live interviews of newly funded traders every week, which is also available to members of their room real time.

Mike

I'm currently enrolled in the 20 day combine. I have till the end of October to complete 20 trading days. I traded my first day today. I will be creating a journal of this experience.

David

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  #118 (permalink)
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David_R View Post
I'm currently enrolled in the 20 day combine. I have till the end of October to complete 20 trading days. I traded my first day today. I will be creating a journal of this experience.

David

I will be looking forward to that


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #119 (permalink)
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David_R View Post
I'm currently enrolled in the 20 day combine. I have till the end of October to complete 20 trading days. I traded my first day today. I will be creating a journal of this experience.

David

Thread for his journal:

https://futures.io/elite-trading-journals/22939-20-day-combine-tst.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #120 (permalink)
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Granted, T4 is not a good charting program. And the DOM has its issues, but they all do. I'm surprised at how many are stuck in the Ninja DOM mentality. I prefer the Ninja DOM and find it the easiest to use and have been using it for years now, but a single day spent on a simulation account practicing with the T4 DOM should help one figure out the ins and outs. I particularly like the AutoOCO that CTS has. In my review of several programs and DOMs (I tried TT, T4, and Sierra), it helped me appreciate the variety of ways to do things from different types of software. I suspect that many of you who do not like the T4 DOM have probably only ever used Ninja or maybe another DOM, and you're simply comfortable with what you like (but granted, who can blame you? ). CTS has a decent user manual (though not exhaustive) for their product, so a good ol' "RTFM" is probably good advice when using T4.

Regarding TST, I have not heard of them before I watched the recorded webinar yesterday, but I must say that they seem to have a "ring of truth" when I hear them speak. I have heard shyster-speak, and that is not what I heard from TST. I have never bought vendor products or services, ever. Yet, I may give TST a try. I don't want to go through a "learn how to trade" program--rather, I would like some tune-up on psychology and risk, and the prospect of trading a larger capital base at 70% is quite tempting. It reminds me of the show "shark tank" where sometimes people who are already making hundreds of thousands, or millions of dollars, come on the show and ask for another 300K, or another million, because they want to leverage additional capital. So, whether one is trading a large capital base or not, is there a downside (aside from having to trade yet another additional account simultaneously) to trading a 150K account with 70% profit split, with no downside risk?

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