Recent content by qubit000

  1. Q

    Two Questions For Practicing Day Traders

    So on average how many trades do you try to make daily and do you have a profit target per day/week/month?
  2. Q

    Trading platforms that display profit and loss on chart?

    How would you compare the two platforms?
  3. Q

    Trading platforms that display profit and loss on chart?

    Searched online but didnt see anything that resembles what I saw in Youtube video. Currently using Thinkorswim which doesnt have this feature - any recommendations?
  4. Q

    How do market makers make money?

    They employ 'Quants' who develop algorithms that engage in 'HFS' - high frequency trading that not only exploit the spread between bid/ask but any potential pattern where thy can take contrarian trade.
  5. Q

    advice for beginners; out of the money options contracts are wholly useless.

    During the tech bubble, i easily made $500k trading far OTM on stocks like Amazon, Yahoo, etc. The problem today for daytraders, which many still dont realize, is that theyre trading against computers - complicated algorithms that are being constantly tweaked by Wall Street quants to exploit...
  6. Q

    TopstepTrader Q & A

    Hi, Thanks for the clarification. Does the Pro Account have the same rules as the Funded account? And does the starting balance of Premium acct (based on closing balance of Pro acct) have the same draw downs as the funded account -- even if the amount is less than profit target for the...
  7. Q

    I'm out

    To be a consistently profitable trader requires one's emotions to be dialed way down with absolutely no fear, regret nor hesitation about making a string of losing trades. This type of profile is akin to socio/psychopaths who are not wired like normal humans and thrive on constant action...
  8. Q

    TopstepTrader Q & A

    Is the 'Premium' funded account the same as a 'Funded' account or something different? Once both combines are completed, how would one make the request to go forward w/the Pro account or straight to Funded acct - phone call, email, or is it a selection in the account setup process?
  9. Q

    TopstepTrader Q & A

    What's the difference between Funded Account and Pro Account or are they they same?
  10. Q

    Want to sell-The strategy that helped traders to pass Topsteptrader $150,000 Combine & get funded

    Curious, are you a funded trader w/TST for 2 years or do you mean youve been paying them off/on during that time to get funded? If youre funded, how long has it been, and what is the reason you continue to give them 20% of your profit after withdrawing 100% of first $5k?
  11. Q

    Is Topstep Trader legit or a scam?

    You need to have sufficient equity(ie, trading profits) to trade 15 lots or anything above their scaling plan in TST. If I'm understanding their rules correctly, once you make a profit, however small, which get's you above zero balance you started off with, your max trailing drawdown will...
  12. Q

    Is Topstep Trader legit or a scam?

    From what I'm seeing, the few funded traders that have spoken out spend as much, if not a lot more, on resets/monthly sub fees than what they were initially funded so the risk to TST is almost nil. Question remains why would a funded trader continue giving TST 20% of profit (+ pay much higher...
  13. Q

    Is Topstep Trader legit or a scam?

    Good to hear. What value add do you think theyre providing that justifies giving them 20% of trading profits?
  14. Q

    TopstepTrader Q & A

    Are your friend still trading with them, of not, how much did they profit before leaving?
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