Avoid TopStep....from a former Topstep cheerleader

[s trader]

I used to be a fervent Topstep defender. Even took $5K in profit withdrawals.....

On a funded swing trading micro account.....they closed out a position that I was planning to hold into the weekend....

The attachment says it all.....the market opened at minus 100 SNP points....the position they closed for no good reason was a 1-micro MES position.

I repeat.. The attachment says it all.. No rule violation but they thought it best to close my short position.. Enough said.

Thinking of doing another Combine with OneUp.


-G. Jo

A good trader such as yourself can get good discount doing the evaluation with OneUp if you request a video interview? But you probably already know.

 

[tiddlywinks]

Here's the email I got last week...

we have temporarily ADJUSTED

 

[SunTrader]

The point is that they closed a position that was in no violation of the funded swing trading rules.....

1 micro position.
No weekly $500 loss.
No total $1,000 loss.

They closed out my position due to what they subtly admitted as their own fault. The platform math is not in sync with their own trader rules. It's all in the email that I attached

Wait unless I missed it somewhere did you mention whether this was a long or short position?

 

[nooby_mcnoob]

That is bizarre. I can swear I got an email in my box about them suspending daytrading margin on Thursday last week. I cannot find it in my box, aside from the message they sent with a link to the margin page. I suspect they altered that page to now show a simple day-margin increase, as opposed to full margin requirement. Alas.

The email I got was double DAYTRADE margin. Which is fine IMO.

 

[Overnight]

The email I got was double DAYTRADE margin. Which is fine IMO.

The original e-mail was an increase to exchange minimums. It was a link to that page which showed exchange minimums for all open position on Thursday. They changed it to a reduced day minimum. It doesn't matter at this point.

 

[nooby_mcnoob]

The original e-mail was an increase to exchange minimums. It was a link to that page which showed exchange minimums for all open position on Thursday. They changed it to a reduced day minimum. It doesn't matter at this point.

Yes it didn't change anything for me anyway, I never use enough margin for it to matter.

 

[Overnight]

Yes it didn't change anything for me anyway, I never use enough margin for it to matter.

That is because you are not an asshole perma-bull that believes in the US economy, like me. I live on the wildside. I am going to get fucked in the ass by J Powell this month. Totally ass-raped. It's gonna' hurt.

 

[nooby_mcnoob]

That is because you are not an asshole perma-bull that believes in the US economy, like me. I live on the wildside. I am going to get fucked in the ass by J Powell this month. Totally ass-raped. It's gonna' hurt.

A wise man once said that it is more likely we get a nuke used in war before the Federales Reserves raise interest rates.

 

[Overnight]

A wise man once said that it is more likely we get a nuke used in war before the Federales Reserves raise interest rates.

Well, that guy is totally wrong. Nukes are VERY VERY bad, way worse than interest rate hikes. Even Putin knows this. No way he will use a nuke. Nope, not going to happen.

 

[nooby_mcnoob]

Well, that guy is totally wrong. Nukes are VERY VERY bad, way worse than interest rate hikes. Even Putin knows this. No way he will use a nuke. Nope, not going to happen.

Correct, both are unlikely but one is less likely than the other!