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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

  #301 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
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Experience: Advanced
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HollywoodTrader View Post
So, after about a year of trying, on-and-off, to pass the TST combine I finally have -- just barely, the target was $3,500 profit. I first started my combine journey with /ES but a friend got me into /CL and I have been trading that exclusively for about 6 months now. I made this combine in particular much harder for myself by taking a couple of big hits near the end, when I should have been more cautious, but my system/method came through with a big overnight setup that got me over the top. I'm posting this because I know people have a lot of questions about what happens next -- as do I -- so I will attempt to address those questions and well as share my post-combine-success-experience.

Congrats to you @HollywoodTrader, finally you made it!

Since I'm now starting my first combine on Monday, I would be highly interested in how things are going from this stage on. I think the next step you'll have to complete is going through the 'Live Combine', building your account cushion to receice a better split towards 70/30 or 80/20.

Go for it, I wish you best of luck!

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  #302 (permalink)
 
omni72's Avatar
 omni72 
Tulsa, OK
 
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HollywoodTrader View Post
So, after about a year of trying, on-and-off, to pass the TST combine I finally have

That's awesome! Congrats @HollywoodTrader, looking forward to seeing the next part of your journey

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #303 (permalink)
 aircal 
Keller, TX USA
 
Experience: Intermediate
Platform: Tradestation, NinjaTrader
Trading: YM, ES, CL
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Check out the Customize Your Trading Combine page - you don't have to go for $50K/5 cars/10 days.

Other options are available, such as 3 cars with a $30K account with a goal of $1500 over 10 days or $2000 over 20 days. The latter is only $100/day.

Read the fine print, however - it says a funded account will only be offered to those that earn at least $2000, so if you want to be funded the the goal for the $30K 10 days would have to be $2000 - still only a $200/day average.

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  #304 (permalink)
 
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 Big Mike 
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https://www.twitter.com/TopstepTrader/status/266270163438018561

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  #305 (permalink)
 
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 Lejcus 
Czech Republic
 
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aircal View Post
Check out the Customize Your Trading Combine page - you don't have to go for $50K/5 cars/10 days.

Other options are available, such as 3 cars with a $30K account with a goal of $1500 over 10 days or $2000 over 20 days. The latter is only $100/day.

Read the fine print, however - it says a funded account will only be offered to those that earn at least $2000, so if you want to be funded the the goal for the $30K 10 days would have to be $2000 - still only a $200/day average.

Hi arical
Where did you get that you have to make at least $2000 ?

“Life begins at the end of your comfort zone.”

― Neale Donald Walsch
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  #306 (permalink)
 aircal 
Keller, TX USA
 
Experience: Intermediate
Platform: Tradestation, NinjaTrader
Trading: YM, ES, CL
Posts: 45 since Sep 2010
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I thought I read it in the fine print on the Combine page, but now all I can find is this:

>> * If you have adhered to the Scouting Criteria and you have a profit greater than $1,500.


Looks like it shouldn't be too difficult for me

After 5 days:

Current Account Balance $51,543

Winning Day %: 85 Avg Winning Day: 282 Avg Losing Day: -150 Largest Winning Day: 940 Largest Losing Day: -150Max Drawdown: -132

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  #307 (permalink)
Amnesia
Vienna Austria
 
Posts: 116 since Mar 2012
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aircal View Post
I thought I read it in the fine print on the Combine page, but now all I can find is this:

>> * If you have adhered to the Scouting Criteria and you have a profit greater than $1,500.


Looks like it shouldn't be too difficult for me

After 5 days:

Current Account Balance $51,543

Winning Day %: 85 Avg Winning Day: 282 Avg Losing Day: -150 Largest Winning Day: 940 Largest Losing Day: -150Max Drawdown: -132

So you pay 40$ to do a round of demo testing to compete against other demo testers to get funds?

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  #308 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
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So, on advice of @Big Mike, here's what I got from TST today:

Since I experienced a lot of different issues with my NT Combine account which made it nearly impossible to trade in a regular way, I just received an email from TST Support which should be sent out to all TST recruits using NT in their Combine:

Quoting 
Hello,

We would like to sincerely apologize for the inconveniences and hassle you have incurred over the last few weeks. We completely understand your frustrations as we feel the same about how the platform integration has been so problem-some. We expect all of our recruits and funded traders to have complete stability and reliability when trading in our program, and we will continue to work closely with all parties to guarantee we deliver this quality for all TST NinjaTrader users as soon as possible.

After working tirelessly with all related parties, this is what we our contacts at Zen-Fire and Rithmic Trader (our back end support), have determined:

NinjaTrader is working ghost orders, hanging orders and connection issues out with Zenfire right now. We can not push anything until we have more resources supporting the SIM environment. Rithimic and Zenfire sound like they are going to add more servers which should build up the SIM environment to be very similar to the live environment. Which is what TST needs. This will iron out much of the problems we are experiencing

We are expecting that adding resources will address the issue going forward. We are still waiting to confirm an expected date that resources will be added. I will certainly let you (TST) know when the schedule has been made.

We have refunded the Combine discount you placed for the Combine you are currently in. You may continue to use the Combine account until it expires. Please understand you may still experience issues using the platform until the issues are resolved. We are aware of all issues, so please don't worry about contacting support with any additional issues you encounter.

Additionally, as another token of our appreciation for your patience, we would like to offer you a free Combine for you to use any time in the future (this can be used to start a new Combine now using T4 or for a Combine once all NinjaTrader issues are resolved). Please use the Scouting Prospect Code "......." (deleted).

We will contact you as soon as we are confident that NinjaTrader is working properly without glitches.


Regards,

The TopstepTrader Team


So, the fee for the Combine will be refunded (I just received confirmation from PayPal), and they will offer a free Combine either on T4 platform or on NT, after all issues regarding NT / Zen-Fire have been resolved.

I highly appreciate this professional behaviour and certainly will take a new start once all problems with NT are solved !

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  #309 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
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Daytrader999 View Post
So, on advice of @Big Mike, here's what I got from TST today:

Since I experienced a lot of different issues with my NT Combine account which made it nearly impossible to trade in a regular way, I just received an email from TST Support which should be sent out to all TST recruits using NT in their Combine:



So, the fee for the Combine will be refunded (I just received confirmation from PayPal), and they will offer a free Combine either on T4 platform or on NT, after all issues regarding NT / Zen-Fire have been resolved.

I highly appreciate this professional behaviour and certainly will take a new start once all problems with NT are solved !

pretty awesome stuff, even with the issues going on.. every now and again you get companies that do things like this that keep you coming back.. ive had a recent experience with newegg. wish more companies would treat their customers this way.

thanks again for the feedback!

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #310 (permalink)
 
Daytrader999's Avatar
 Daytrader999 
Ilsede, Germany
Site Moderator
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
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I just received a message from TST which might be interesting for those who consider to take a 30k or 50k Combine:


Quoting 
Exciting Combine and Funded Account changes!

Traders who have received funding after successfully completing a $30K (or $50K) Combine have consistently proven to be some of the most disciplined and consistent traders we have trading in the live market. Therefore, we've made the following changes:
•The 10-Day Combine profit target for the $30K account has changed from $2,500 to $1,500
•The 20-Day Combine profit target for the $30K account has changed from $4,000 to $2,000

For those who receive a funded account after successfully completing the $30K or $50K Combine are now eligible to receive additional buying power once an account cushion of $5K+ in profits has been built.

AND

Those who receive a funded account after successfully completing the $30K Combine may receive an increased daily loss limit once an account cushion of $5K+ in profits has been built.

Previously, a funded account would have been required to establish at least $15K in cumulative profits for these two parameters to be negotiable for an increase.

As a reminder, you are always welcome to customize your Combine objective for any of the Combine options, learn more here https://www.topstep.com//.

Questions? Contact us at 312.252.*9490 or support@topsteptrader.com.


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