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Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)


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Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)

  #371 (permalink)
 PK007 
South Africa
 
Experience: Intermediate
Platform: Tastyworks, Ninjatrader
Broker: Tastyworks, IB, Ninja
Trading: Stocks, Options and Futures
Posts: 64 since Mar 2013
Thanks Given: 35
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bobwest View Post
Hi @PK007,

I hope I didn't beat on this poor dead horse too hard. If I did, I'm sorry.

But the point that you only have income from this account when you are paid by TsT for trading it, is pretty important.

Bob.

Thanks for your post Bob. Very well explained.

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  #372 (permalink)
 
Scalpingtrader's Avatar
 Scalpingtrader 
Hanover, Germany
Legendary Amateur Trader
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 1,945 since Apr 2014
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@TopstepTrader

Will the new ninjatraderbrokerage affect the availability of ninjatrader in

a) the combine
b) the live account

in any negative way?

Regards
ST

  #373 (permalink)
Topstep
Chicago, IL
 
Posts: 293 since Feb 2013
Thanks Given: 77
Thanks Received: 746



Scalpingtrader View Post
@TopstepTrader

Will the new ninjatraderbrokerage affect the availability of ninjatrader in

a) the combine
b) the live account

in any negative way?

Regards
ST

Scalpingtrader- Currently, I have been told this will not affect anything with our recruits or traders. If this changes I will update you all.

mp

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  #374 (permalink)
Topstep
Chicago, IL
 
Posts: 293 since Feb 2013
Thanks Given: 77
Thanks Received: 746

All,

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:

https://tradingroom.clickwebinar.com/Characteristics_of_Success__Observations_from_TopstepTrader/register?&inf_contact_key=eb994c184a941ba8d27bb998d14dcfc08fa7cac3229a3e2f564872b012d4faaa

It should be a good discussion.

mp

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  #375 (permalink)
 
CFuture's Avatar
 CFuture 
cologne, europe
 
Experience: Advanced
Trading: Futures
Posts: 234 since Mar 2011
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Zondor View Post
Despite looking on the Topstep website and elsewhere, I have been unable to locate any information about what Topstep or PTP consider to be reasonable success metrics for their Funded Traders in terms of being able to make a living, or any information about the number of funded traders, if any, who are making enough money from their trading of Patak equity to live on. Kindly let me know where I might find this information..

I didn´t 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 trader´s 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.

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  #376 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,397 since Jun 2009
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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).

Mike

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  #377 (permalink)
Topstep
Chicago, IL
 
Posts: 293 since Feb 2013
Thanks Given: 77
Thanks Received: 746


Big Mike View 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).

Mike

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. https://www.topstep.com//

I hope that helps.

mp

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  #378 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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TopstepTrader View Post
All,

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:

https://tradingroom.clickwebinar.com/Characteristics_of_Success__Observations_from_TopstepTrader/register?&inf_contact_key=eb994c184a941ba8d27bb998d14dcfc08fa7cac3229a3e2f564872b012d4faaa

It should be a good discussion.

mp

Mike, We have received a really good feedback about your webinar. I hope to have you in the future again.
Thank you for all the effort!

Happy 4th!

Matt

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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  #379 (permalink)
 
DarkPoolTrading's Avatar
 DarkPoolTrading   is a Vendor
 
Posts: 1,036 since May 2012
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mattz View Post
Mike, We have received a really good feedback about your webinar. I hope to have you in the future again.
Thank you for all the effort!

Happy 4th!

Matt

Hi Matt,

Is a webinar recording available anywhere? I checked on your youtube page but it isn't there.

Much appreciated.

Diversification is the only free lunch
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  #380 (permalink)
 yonatan 
Haifa Israel
 
Experience: Beginner
Platform: sierra chart
Broker: Optimus Trading Group/Rithmic
Trading: es
Posts: 91 since Apr 2012
Thanks Given: 50
Thanks Received: 71


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... ?

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