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(I agree btw.) Then the difference is on the trader's execution: on 1-minute charts you need perfect focus and have very little time to formulate a plan, execute it, correct the occasional errors, etc. Even a bathroom break is a liability. Already on 20-minute and hourly charts, things slow...

No no no, I don't mind the expense at all, but I mind that they no longer have a refundable 10-day combine option and that the $85/month/exchange is billed rather than debited from the funded balance. (And this is the professional fee; on my own as a non-professional I spend just $3.25/month...

Ah! This answers my question: they don't dip your balance for that fee, they charge it separately like they did the combines. Eh, I guess it weeds out those who aren't serious enough. Much cheaper than many "desk fees" but still a bit at odds with the notion of being "funded", to me.

I'm late to the party (mostly here on Saturdays) but wanted to thank you for sharing here, where funded traders usually stay quiet. It's quite an achievement in my view, to work more than full time (I couldn't anymore), let alone attempt trading in what little waking hours are left, let alone...

Can't speak for the guy, but note that this is the only active thread about TST right now; it naturally comes up in the most recent results, which is the default sort order. I just entered "topstep" in the search box and got: http://www.elitetrader.com/et/index.php?search/2908541/&q=topstep&o=date

I include trader error in my broad definition of the term. Setting an incorrect stop level, not noticing it, getting a phone call and leaving the office without checking again, losing Internet connection without another means to correct it, family emergency without thinking of going to cash...

I don't believe so, because we segued here from TST having lost some key selling points, and black swan protection being the biggest one still standing. Whether you see that as useful or overkill depends on your personal life experience. Let's just say mine makes me more cautious than a lot of...

Given that gravity and air resistance are constant, and for sake of argument wind negligible, then a ballistic trajectory is perfectly predictable. :p In the spirit of this discussion though, I'd say 10 seconds because that gives you those 10 seconds to react and make proper calculations from...

You can technically hold overnight, you just have to be flat during the 15-minute market close (and thus over the weekends). (Emphasis mine.) Oh I agree there, but "most" isn't "all". ;) And while I somewhat agree with your analogy that we all have a one-in-a-million risk of getting hit...

(In continuation of our discussion about TST's unique black swan protection. Maybe this should become a distinct thread?) I wonder if incorporating a trading company as a proxy for one's trading would suffice as protection from a negative balance at the broker. My intuition tells me no: the...

In risk management, I always plan for the worst case scenario and ignore the best case completely. Still being in business next year, in 10 years is more important to me than daydreaming about lucking out on one lottery ticket of a trade. :p

It looks like you may be making the assumption that stops always trigger and that they fill near their level. Neither point is guaranteed: 1. CME stops aren't true "market-if-touched" orders like we usually think of stops. I forget the exact wording, but basically the CME will not trigger a...

That's one of the downsides vs trading personally: I'm playing with Sierra Chart right now for historical simulations (others like Ninja are just too resource-hungry for my taste). When I'll switch from historical to real-time, by monthly bill will come up to about $65/month for all the futures...

So, because brokers let traders use order types they don't understand, and subsequently complained about, now nobody can use them. In French we call that leveling from the base, and it's never a good thing (i.e. it's why our education system sucks: everybody's waiting for the slowest in the...

@Ruben De Kock addressed most points, so I'll just add my two cents on this one. When I'll upgrade from historical to real-time data with Sierra Chart, I'll be spending roughly US$60-65 per month for the CME, NASDAQ and NYSE combined there. (I have a linkable brokerage account, which reduces...

Oh, I didn't catch that. Red flag indeed. Good thing he's planning to start it out as a side project to confirm interest and ability.

There's a motivation aspect that is very dependent on the subject at hand. My school system (Québec, Canada) has failed me as well, and I was out after one year of college for lack of interest in the mandatory subjects and the way they were handled. I can and do, however, gladly spend 80-hour...

Wow, that's a bombshell for me. Without the refundable 10-day combine they've become significantly less attractive, though still an option to explore. I really don't like that now there is an absolute certainty of spending several hundred dollars on them to get funded, because in my eyes it...

It's funny, and I'm not sure I can explain why, but when I saw this title in my "Most Popular New Threads on ET Last Week" e-mail, I thought "this has got to be 'Surf stirring the pot". ;)

Yikes. FF is one less forum to explore, then. I lurked at BMT for a bit but the Elite paywall and heavy-handed moderation didn't sit well with me. Though on the other hand I've backed off ET as well lately, with the amount of trolling around TA, with nobody agreeing on a definition, etc. It...