We were invited by Optimus Trading Group to speak about the Characteristics of Successful Traders through our team's observation over the last 4 years. Both John Hoagland, Director of Trader Development, and I will be speaking.
It starts at 3:30pm CST. If you are interested in tuning in here is a link:
I didnīt find this most important question about the actual number and financial success of consistantly profitable fulltime traders "for a living" at topstep answered. So how many funded traders actually are able to make a living fulltime trading with topstep (average 4 digit withdrawals per month, no total performance numbers/breach of privacy needed, just how many are able to earn a salary-like return on the efforts)?
How much time does a profitable and willing fulltime-trader, that is able to meet all combine requirements, have to invest in average at topstep 1.) till being funded and 2.) to reach this, in average monthly 4-digit withdrawal goal? I am shure you watch these metrics closely and are able to show by numbers that the intended win-win partnership really works out for those seriously dedicated to work with topstep.
The live traderīs prep after the combine seems to be something that is decided by the full discretion of topstep, necessity and duration, right?
These would be the most important metrics for me after wasting my own money and time to learn the game before willing to invest even more time and money to get funded as prop/hedgefund trader without fixed income.
Last edited by CFuture; July 3rd, 2014 at 08:42 AM.
The following user says Thank You to CFuture for this post:
Instead of focusing on what others are doing, may I suggest you focus on yourself.
I've said from the beginning that I personally find the true value in TST to be the discipline of the program, its structure, its reporting, etc. Not in being funded.
Going through the program forces you to trade in a structured way, something most people will benefit from enormously.
After completing it, you should have an excellent idea where your strengths and weaknesses lie.
Even if you pass the combine, I believe the greatest "prize" is for yourself and not for the funding. I do know that a lot of people disagree with me, but personally I believe those people are too focused on the money and not enough on the discipline.
With discipline and structure, a trader can make a respectable living in time, even with a small account (of their own money).
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.
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The following 7 users say Thank You to Big Mike for this post:
We would agree with Big Mike. We don't promote the herd mentality since trading really is an individualized sport. We tend not to speak of our funded traders as a group because in the end, how they're performing is in no way indicative of you how you'll perform.
TopstepTrader provides the opportunity but cannot guarantee the outcome. On average, we fund 2-3 traders per week, but we don't give details of their earnings as that is private information.
We have an open free chat room that has hundreds of traders from guest, to those in the Combine and Funded that you are more than welcome to ask for more details. http://www.topsteptrader.com/chat
I hope that helps.
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.
The following 2 users say Thank You to TopstepTrader for this post:
As a satisfied customer of Optimus I was very glad to hear about the collaboration of Optimus with TopStepTrader but I would like to hear a little more details about how it works. What data feeds will be available ? Who will be in charge of tech support ? etc... ?
The following user says Thank You to yonatan for this post: