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TopStepTrader - An Online Prop Shop

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ChaosHedge said:
Due to my current circumstances, passing the combine would be my best chance at trading live so I am attempting to develop my trading style with the specific purpose of meeting the TST rules. Any suggestions or constructive criticism would be much appreciated. Thanks.
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IMO if you are really serious about this as a career, the best option is just to use this to improve your trading to the point of profitability then apply to propex. If it's more of a part time type thing then Topstep is fine
 
havaiana said:
IMO if you are really serious about this as a career, the best option is just to use this to improve your trading to the point of profitability then apply to propex. If it's more of a part time type thing then Topstep is fine
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Hav, thanks for the tip. Getting into propex would be the ultimate goal for me but I know I've still got a lot to learn. I'll try the combine in Sept but for now I'll get back on the SIM and work on those exercises some more. Really appreciate your input. Cheers!
 
CanOz said:
New rules for the combine....
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These updates they send out kind of give the impression that there are less rules than there actually are and that you just simply do one of these combines and get funded with the same rules. Want to point out to make clear to everyone:

When you pass the combine there are many more rules you need to adhere to in the live trader prep (second combine), junior funded account and funded account.

There is also a time factor, don't think that you will be able to pass the combine in 10 days and start earning money, there is still a lot more to go through

Then there is the size they give you versus the size you could fund yourself with. For example if they tell you when you pass the combine you can trade 5 contracts, the reality is they might allow you to trade 2 of those contracts until you make $500 in a day (then you can't risk 50% or more of that profit), plus you give them 40% of your profits, you are effectively trading 1.2 contracts not 5.

For me personally my performance in the combine and live account was very similar when you take the size difference into consideration. After passing the combine and introducing the new rules my performance in my live account is significantly better than my topstep trader account, even though my live account I only trade 1 quarter of the size. I'm very confident I could earn more trading my personal account with max size of 1 contract versus trading their funded account with 5 contracts plus the rules
 
This is my final update as I am abandoning my live trader prep

I pointed out on one of the threads before I started that the new rules will reduce my profits by more than half, I figured that being able to trade extra size would make up for it. As it has turned out, my real trading is already reaching a point where I would be making more money than if I traded through Topstep even though I'm still currently only trading a fraction of the size (not to mention trading daylight versus night hours).

I actually stopped devoting much time on it after seeing the difference between the profits in my real account and Topstep account after the first week and have since just been throwing on a big coinflip trade or 2 every night before bed and letting it play out while I sleep. The live trader prep is now down money and although definitely salvageable, I would have to start staying up again and trade it properly with time and energy. It's going to take too long to complete and I could be devoting my time to my real account or other extracurricular activities like this; https://www.aussiestockforums.com/forums/showthread.php?t=14239&p=790644&viewfull=1#post790644

The best thing about this whole thing is I will never have to do it again

Peace.
 
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