Looking for assistance in going to the next level, for mutual benefit

[whygodwhy]

Are you even profitable? If not, you're putting the cart before the horse.

If you can actually make money in this business you have options and can pretty much work from anywhere. Not sure what else to tell you. A simple phone call would easily sort this out.

Why are you wasting time talking to me on a forum? Call these companies up and find out for yourself. Don't take my word for it.

 

[murray t turtle]

I'm not trying to start .... with you (we haven't even met yet) but you really need to cut that "%%"

AS if you run my %% business.
LOL
BRIEFLY,WHY did you bring up the earlier subject of drugs+ hatred of[whole nation] of America??
I will edit some more, as you requested .

 

[Laissez Faire]

Are you even profitable? If not, you're putting the cart before the horse.

Periodically. I was even «funded» with a few of these bucket shops at one point, but mostly trading my own money for the last years.

Why are you wasting time talking to me on a forum? Call these companies up and find out for yourself. Don't take my word for it.

Had some down time at work.

I don’t, so I reached out to them directly. Waiting for their reply.

 

[Laissez Faire]

Why are you wasting time talking to me on a forum? Call these companies up and find out for yourself. Don't take my word for it.

You've announced your leave a few times now, but I see you're still around.

Regardless, I heard back from TopStep.

What they said was that a trader could request more 'capital', but no specifics were given when I asked if they could elaborate. I asked if they had any examples, but they could not provide that either. So, it seems very vague to me.

My guess is that they can provide more ‘capital’ in terms of buying power, i.e., your maximum size at 15 lots can be increased to say 20 lots or more, but there’s nothing which indicates that TopStep will provide any more ‘risk capital’ than the initial $4500 drawdown they offer.

In summary, TopStep and similar can give you $4500 in risk capital, but nothing more. Can still be a worthwhile deal, but I see zero evidence that these guys are interested in backing a good trader with anything more.

 

[DevBru]

You've announced your leave a few times now, but I see you're still around.

Regardless, I heard back from TopStep.

What they said was that a trader could request more 'capital', but no specifics were given when I asked if they could elaborate. I asked if they had any examples, but they could not provide that either. So, it seems very vague to me.

My guess is that they can provide more ‘capital’ in terms of buying power, i.e., your maximum size at 15 lots can be increased to say 20 lots or more, but there’s nothing which indicates that TopStep will provide any more ‘risk capital’ than the initial $4500 drawdown they offer.

In summary, TopStep and similar can give you $4500 in risk capital, but nothing more. Can still be a worthwhile deal, but I see zero evidence that these guys are interested in backing a good trader with anything more.

They probably will give you more buying power when you have made a decent amount of profit, then they don't need to give you extra capital since you already have build that extra draw down room with the profit you made.

At least i assume that would be the case and of course only with firms that actually fund you and send orders to the market, if any of the funding firms do that at all.

 

[Laissez Faire]

They probably will give you more buying power when you have made a decent amount of profit, then they don't need to give you extra capital since you already have build that extra draw down room with the profit you made.

At least i assume that would be the case and of course only with firms that actually fund you and send orders to the market, if any of the funding firms do that at all.

After a trader have made 'a decent amount of profit' it doesn't make sense to continue trading with the firm if no additional risk capital is given. Why? Because at that point you're only risking your own capital (your profits).

So, the only rational action at that point is to withdraw your $10K and fund your own account for a 100 % profit split.

Now, if you could withdraw and still have access to capital or more capital, it would be a different matter. But that does not seem to be the case with TopStep or similar firms. Basically, you're only given $4500 and will never get anything more.

 

[DevBru]

After a trader have made 'a decent amount of profit' it doesn't make sense to continue trading with the firm if no additional risk capital is given. Why? Because at that point you're only risking your own capital (your profits).

So, the only rational action at that point is to withdraw your $10K and fund your own account for a 100 % profit split.

Now, if you could withdraw and still have access to capital or more capital, it would be a different matter. But that does not seem to be the case with TopStep or similar firms. Basically, you're only given $4500 and will never get anything more.

Absolutely, that's why i would never stick to these kind of firms beyond what they offer at 100% withdrawal before the profit split kicks in. After that point it makes a lot more sense to put that money in your own account and trade from there.

 

[SunTrader]

PnL matter, not notional. Can't eat/spend/save/invest notional.

 

[SunTrader]

I admire guys who speaks/writes a lot and still are interesting, even without any substance.
I wish I could do that.

"I would have wrote a shorter letter but I did not have the time" - types.