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In no particular order of preference: AAPL XLE EWZ RSX GLD And by the way, UP THE IRONS!

In theory it is certainly possible to use the scale up rules to take the lot size up to 20 from a 30k live account. However, the 30k only allows for a maximum of 7 lots at the $7,001-$10,000 profit level, not 20 as with the 150k. I'm not sure what profit level you'd need to reach to get 20...

The majority of traders on TST are either trading crude or ES in small lots and closing out the position before the session. I already gave the example of the ES opening "limit down" in August which probably triggered a lot of stops on the overnights. However, for currency pairs, it's another...

"No where on the site does it say the equity you build in the first 10 days becomes your stop out point." Click the link. Fourth bullet point on the right under Funded Trader Rules (11+ Days) https://topsteptrader.desk.com/customer/portal/articles/1950861-funded-trader-rules Ensure my...

Yes, on the 11th day of the live account, you are only backed with the maintenance margin for the product(s) you are trading. The equity becomes your maximum allowable draw. For example, on day 11 if your net profit is $300, then you have $300 to lose before being sent back to the combine...

The SEC already requires further disclosures for retail accounts, at least Fidelity makes you sign a separate agreement which identifies the risks of the double/triple ETFs. Perhaps that will now translate to money managers who will now have to get clients to sign the forms. The issuers of the...

Since TST requires a stop order with every trade, a "black swan" is probably a lowest level of concern for traders who have funded accounts. Using the AUTO OCO feature is a means of protection for a black swan, even with slippage, at least you'll get out with a specified loss. When the ES...

How many contracts were you trading per order to generate the $800/day average in the combine that got you the funded account? Your $800 daily average over the 10 days is impressive, however the live account won't allow more than 3 lots on the 100k to start, so to make a realistic comparison of...

Sure, it's designed for literally unlimited lot sizes, as per the scale up rules. The key is to navigate through the combines where you can mimic the same trades in a live account in those first 10 critical days while utilizing the scale up rules. Remember, the key point is you are only backed...

Yes, the ideal recruitment tool is to lower the combine fees for the larger combines, and only fund those traders, since it's the largest two combines (100k/150k) that provide higher odds for profitability overall. TST can continue making whatever changes to the program it wants, however the...

There are only a handful of Series 56 firms that I'm aware of that will take you with $5,000 initial capital plus the license (in no particular order): Hold Brothers Avatar Securities Chimera Securities Quasar Trading T3 Trading Hold has their own platform so you won't pay a platform fee...

It ain't over 'til it's over, lol! Remember the trailing max draw is an end of day calculation, not intraday, so that "$200 left" only applies if your end of day balance falls below that level. In any case, it's a learning/training experience so it's all good regardless. Just fine tune the...

There are several registered prop firms, some of them with offices in New York, such as Avatar Securities and Chimera Securities. You'll need to get sponsored for the Series 56 by the firm, and complete a background check. However, most firms will require at least $5k. Chimera is unique as...

Why is the K-1 loss a "business bad debt?" The trader makes a capital contribution, which becomes his "at risk basis" for income in the partnership. If the K-1 results from actual activity (in this case, proprietary day trading), then isn't it considered "active" since he would be materially...

Here is the summary of the ruling, courtesy of Google: http://www.ustaxcourt.gov/USTCInOP/OpinionViewer.aspx?ID=10583 If you look at the SEC filings for Madison, they clearly state the SEC 15c3-3 exemption! This of course implies they do NOT have any customer accounts, so why would Poppe...

Yes, he is only limited by losses of his "capital contribution" (deposit is not really the correct term for a registered firm). And you're right, at 20k in losses for example, he would be "booted out" close to that level, probably well before it even drops that low, since his total BP would be...

The magic question is this: what was Poppe's capital contribution with the prop firm? Also, you mentioned in the article that prop firms accept "deposits" however my understanding is it's not a "deposit" but rather "firm capital" that gets allocated directly to the firm. The operating...

"Long-term holding Tiger Ratan has owned Valeant shares for much of its six-year life and Julian Robertson, the founder of Tiger Management LLC, has credited Ms. Chopra for bringing the investment idea to a number of other funds managed by Tiger Cubs." The question her investors should be...

This is simply an example of what can happen with concentrated risk, and it's not very surprising, since many hedge funds seek to outperform an index with such strategies. She had 20% of her fund in ONE stock, hence the concentration of risk (and gains when it was up, losses when it went down)...

From just a cursory overview, it seems you have a decent "average win duration" in the combine, where on October 28th you were able to hold 1 lot of ES for 10 points, which took almost an hour and a half. If you've reviewed many of the combine stats from other traders, you will rarely find...