5 Reasons to choose the Topsteptrader program Micro contract swing trading ?

[Overnight]

Micro futures have been available on the CME for quite a long while. Anyone ever heard of micro gold or micro FX futures? Like M6E?

Only NOW people are coming out of the woodworks to tout micros, because the micro indices are all the rage? Total silliness.

I notice nobody has yet made a thread on the micro equity index options. I guess we'll all be behind the curve on that as well. I'd love to try them, but I don't know options.

 

[traderjo]

with Micro Index futures and Options on it one can afford to do what one wanted to try on larger ES futures and ES Futures options! but was afraid...
also perhaps they are a better alternative to playing/paying the test fees! hamster wheel!

Yes there are Micro FX futures but no options on them yet

 

[StockTrader100k]

Keep in mind that once you pass and have a funded micro swing account that your funded account will probably still have a trailing max drawdown, once your profits have exceeded the trailing max drawdown typically the funding is pulled and the trailing max drawdown is eliminated--meaning you are now trading solely in your profits (you cannot go below zero line)
so from that point on you are paying them 20% for trading with your own money.

If you withdraw all profits then the acct is closed--why? Because they have eliminated the drawdown (meaning their funding)

whereas if you withdrew all profits opened our own account to trade micros you are essentially in same position (cannot go below zero either) except you are not paying them 20%

The only type of drawdown that gives you repetitive recurring revolving funding (like a credit card) is a fixed max drawdown--not a trailing max drawdown

So you want to be sure that if your profits exceed the $1,000 threshold that you still have funding of $1,000 below zero line. If you are able to withdraw all $1,000 in profits and still have a $1,000 drawdown to trade against ---fine, but typically most of these companies on most of their accounts do not operate that way and only offer "trailing" max drawdown.

Perhaps this "swing account" for micros is set up differently and has a "fixed" max drawdown and not a "trailing" max drawdown but you just need to clarify that with them

5 Reasons to choose the Topsteptrader program Micro contract swing trading

- You're going to trade micro contracts.
- You don't have to close positions at the end of the day?
- You don't have to close your position when important news approaches.
- You have more freedom to do scalping, day trading and swing trading with the micros contract.

- You have a maximum loss target of $ 500 (this is the equivalent of $ 5,000 with mini contracts).

You pay much less to take the test and you have a better chance of succeeding.


After having failed 3 times with the other programs, I succeeded with this micro contract swing trading program

This was the best choice for people like me who work.

 

[traderjo]

Keep in mind that once you pass and have a funded micro swing account that your funded account will probably still have a trailing max drawdown, once your profits have exceeded the trailing max drawdown typically the funding is pulled and the trailing max drawdown is eliminated--meaning you are now trading solely in your profits (you cannot go below zero line)
so from that point on you are paying them 20% for trading with your own money.

If you withdraw all profits then the acct is closed--why? Because they have eliminated the drawdown (meaning their funding)

whereas if you withdrew all profits opened our own account to trade micros you are essentially in same position (cannot go below zero either) except you are not paying them 20%

The only type of drawdown that gives you repetitive recurring revolving funding (like a credit card) is a fixed max drawdown--not a trailing max drawdown

So you want to be sure that if your profits exceed the $1,000 threshold that you still have funding of $1,000 below zero line. If you are able to withdraw all $1,000 in profits and still have a $1,000 drawdown to trade against ---fine, but typically most of these companies on most of their accounts do not operate that way and only offer "trailing" max drawdown.

Perhaps this "swing account" for micros is set up differently and has a "fixed" max drawdown and not a "trailing" max drawdown but you just need to clarify that with them

StockTrader100k great post...

 

[DrCornwallis]

Can you show us the maths how exactly this is better than trading your own money using Micro Futures? and be responsible for 100% of P/L

This^^

Topstep say it is a $10K account, but it is really only a $1K account.

If you can afford to fork out $110 per month on this crap, then you can surely afford to open a small account with $1K, and if you can't then save up whilst you paper trade and develop/finetune your strategies.

....or just skip CME futures altogether and open a CFD account with *100 margin, and trade in any size you want, from $5 per trade to $100 per trade....providing you are exercising good risk management and aren't with a crooked arsed bucketshop (of which there are many tbh), huge margin shouldn't be a problem.

 

[Overnight]

..
....or just skip CME futures altogether and open a CFD account with *100 margin, and trade in any size you want, from $5 per trade to $100 per trade...

US-Based traders can't trade them, so we're mostly stuck with the regulated exchanges.

 

[grizzlybull]

5 Reasons to choose the Topsteptrader program Micro contract swing trading

- You're going to trade micro contracts.
- You don't have to close positions at the end of the day?
- You don't have to close your position when important news approaches.
- You have more freedom to do scalping, day trading and swing trading with the micros contract.

- You have a maximum loss target of $ 500 (this is the equivalent of $ 5,000 with mini contracts).

You pay much less to take the test and you have a better chance of succeeding.


After having failed 3 times with the other programs, I succeeded with this micro contract swing trading program

This was the best choice for people like me who work.

To me this is the closest thing to being able to trade Options in a funded program, if you're very good at finding highs and lows on the longer term charts this is a good option for you. I may give this a try

 

[pureequity964]

I don't see how this is good.

 

[smoff]

5 Reasons to choose the Topsteptrader program Micro contract swing trading

- You're going to trade micro contracts.
- You don't have to close positions at the end of the day?
- You don't have to close your position when important news approaches.
- You have more freedom to do scalping, day trading and swing trading with the micros contract.

- You have a maximum loss target of $ 500 (this is the equivalent of $ 5,000 with mini contracts).

You pay much less to take the test and you have a better chance of succeeding.


After having failed 3 times with the other programs, I succeeded with this micro contract swing trading program

This was the best choice for people like me who work.

$1,320 pa data fees ruins the idea for me personally (if I understand correctly). 13%+ on a 10k account.


smoff