Putin is old enough to remember this song. Maybe he needs to be reminded of it. :-(
Avoid TopStep....from a former Topstep cheerleader
- Thread starter SelfMadeDude
- Start date
Putin is old enough to remember this song. Maybe he needs to be reminded of it. :-(
Opening post #1 states that it was a "1 micro MES position" and it being a "short position".
And trade on a simulator?
As I already showed in another thread - OneUp eliminated my profitable account on grounds of a rule break. The truth was that I was making $$$ and they had a good excuse to get rid of me and avoid paying out.
These firms do not want to fund you. It's as easy as that.
The only company I see as a viable option among all firms I've seen so far is Earn2Trade as their rules seems fair and they actually put you on a funded account.
Further, you can withdraw your funds from day one and they don't have any stupid restrictions or requirements to build a cushion or wait 6 months until you can make a withdrawal.
If you still have those $5K you withdrew I think you're better off funding your own account, but if you're going down this path, E2T does seem the (only) way to go.
2 observations, regarding the first post:
1. The OP is making a ruckus about a micro ES position. So even if he missed some profits, it wasn't that huge. I am not sure it was worthy to break up an otherwise satisfying relationship because of that. If there were other grievances, that is a different issue, but he seemed to be happy with TS.
2. According to him, he already withdrew 5K in profits. It that was generated while using only micro positions, then OP is a pretty damn good trader and I am not sure why he needs any kind of TS, E2W type of firm to trade. (Unless he is geographically handicapped)
So just forget about those firms and open an account where you can micro trade...<<< This is actually the generic rule, because since the introduction of micro futures, there is no advantage in trading with backing firms.
1. The OP is making a ruckus about a micro ES position. So even if he missed some profits, it wasn't that huge. I am not sure it was worthy to break up an otherwise satisfying relationship because of that. If there were other grievances, that is a different issue, but he seemed to be happy with TS.
2. According to him, he already withdrew 5K in profits. It that was generated while using only micro positions, then OP is a pretty damn good trader and I am not sure why he needs any kind of TS, E2W type of firm to trade. (Unless he is geographically handicapped)
So just forget about those firms and open an account where you can micro trade...<<< This is actually the generic rule, because since the introduction of micro futures, there is no advantage in trading with backing firms.
Been doing okay with my own IB funded account.
Thinking about opening another evaluation with OneUp.
Topstep and the bullshit micro swing account "holding over the weekend" rule is total nonsense. Then again it is their capital so nuff said. Thank goodness for competitors...
Thinking about opening another evaluation with OneUp.
Topstep and the bullshit micro swing account "holding over the weekend" rule is total nonsense. Then again it is their capital so nuff said. Thank goodness for competitors...
@Overnight -- Your posting of Videos within the tread is really a great expression and appreciate your effort. Thanks
Closing your account makes you worse off and them better off.
The account is worth more than 10 times challenge fee, as less than 10% traders can actually pass the challenge.
There are prop firms that are 10 time better than topsteptraders.
Last edited:
Why didn't you just initiate a new short position right afterward? Or is that against their rules?
This was what I posted on another forum:
"Also if you fail to realize maximum drawdown is the funds you get from prop firms, you will make mistake to pick a worse and expensive challenge.
I will take topsteptrader as example:
Topstep
Futures Overview - How to Become a Futures Trader | Topstep
Our Trading Combine® will guide you to earn funding. Use our capital to trade the most popular CME products. Come start futures trading today!
Their 50K challenge only has 2000 maximum drawdown( trailing drawdown,therefore is much worse than a fixed drawdown as MFF ,) while myforexfunds 20K challenge has 2400 drawdown. So if you pass TST 50K challenge, you only get 2000 funds, while you pass MFF 20K challenge, you get 2400 funds. So if you only compare their DD, TSP 50K is worse than MFF 20K. But TPT 50K is much more expensive than MFF 20K.
Also TPT 50K profit target is 3000, which means you need reach 150% profit target, while MFF 20K profit target is 1600, so you need to reach 67% profit target.So TST 50K challenge is much tougher to pass than MFF 20K.
So TST can call their challenge 50K, but in fact it is worse than 20K.
In fact my analysis indicate TST 100K challenge is worse than MFF 20K."
"Also if you fail to realize maximum drawdown is the funds you get from prop firms, you will make mistake to pick a worse and expensive challenge.
I will take topsteptrader as example:
Futures Overview - How to Become a Futures Trader | Topstep
Our Trading Combine® will guide you to earn funding. Use our capital to trade the most popular CME products. Come start futures trading today!
Their 50K challenge only has 2000 maximum drawdown( trailing drawdown,therefore is much worse than a fixed drawdown as MFF ,) while myforexfunds 20K challenge has 2400 drawdown. So if you pass TST 50K challenge, you only get 2000 funds, while you pass MFF 20K challenge, you get 2400 funds. So if you only compare their DD, TSP 50K is worse than MFF 20K. But TPT 50K is much more expensive than MFF 20K.
Also TPT 50K profit target is 3000, which means you need reach 150% profit target, while MFF 20K profit target is 1600, so you need to reach 67% profit target.So TST 50K challenge is much tougher to pass than MFF 20K.
So TST can call their challenge 50K, but in fact it is worse than 20K.
In fact my analysis indicate TST 100K challenge is worse than MFF 20K."
Last edited: