You have been swing trading for 20 years with "moderate success" yet you think it is a good idea to quit your job and try day trading while being significantly under capitalized? In what universe does this sound like a good idea?
My attempt to earn a funded account with TopStep
- Thread starter SelfMadeDude
- Start date
SelfMadeDude,
I admire your challenge. I am with TopStep as well earning/working towards a funded account.
ElectricSavant: Thank you for the kind comment. I'm trying to evolve as a trader and with the advent of machine/auto trading, I don't want my trades to be any longer in duration than they have to be.
SPX Blaster: Best of luck to you as well.
DevBru: Sometimes you have to act before you are 100% ready because you're never 100% ready. I am confident enough in my trading and experience to take the plunge.
SteveH: Trading with TopStep is not just about making profit. If a trader is able to trade consistently and impressively, there will be additional opportunities that open up -- which otherwise would not have been open to me as a solo trader.
SimpleMeLike: Good luck to you as well - I've read some of your past posts and it seems like you were funded a few times.
SPX Blaster: Best of luck to you as well.
DevBru: Sometimes you have to act before you are 100% ready because you're never 100% ready. I am confident enough in my trading and experience to take the plunge.
SteveH: Trading with TopStep is not just about making profit. If a trader is able to trade consistently and impressively, there will be additional opportunities that open up -- which otherwise would not have been open to me as a solo trader.
SimpleMeLike: Good luck to you as well - I've read some of your past posts and it seems like you were funded a few times.
I mis-spoke...I already had an account but then blew it out.
I did a reset yesterday and started trading again today.
Originally, I received a $1,000,000 sim account upon the reset...made some decent trades. I emailed customer support about with screenshots. Apparently they reset my account to the correct $150,000 account but in the process also erased about $500 in trade profit.
Not a big deal but it could have been exponentially frustrating if the profit was $4,000 instead of $500. Anyway, not going to make a big issue --- I let customer service aware of the matter and I guess they will respond when they can.
Overall, it was a decent trading day. It would have been an even better trading day if they did not erase my previous trades (at the time I was on the phone with customer service it was in the $450-$600 range).
I did a reset yesterday and started trading again today.
Originally, I received a $1,000,000 sim account upon the reset...made some decent trades. I emailed customer support about with screenshots. Apparently they reset my account to the correct $150,000 account but in the process also erased about $500 in trade profit.
Not a big deal but it could have been exponentially frustrating if the profit was $4,000 instead of $500. Anyway, not going to make a big issue --- I let customer service aware of the matter and I guess they will respond when they can.
Overall, it was a decent trading day. It would have been an even better trading day if they did not erase my previous trades (at the time I was on the phone with customer service it was in the $450-$600 range).
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Today was a tough day
