Risk Control Settings Removed on TopStepTrader's Platform

[Turveyd]

Sponsor phantom

Yep definitely down below, don't want Baron to lose some income.

But 100% Agreed on the Scam to take $100 x 1 Million wanna be's per month, big money.

You'd think as long as your in profit and you stay in profit, they'd really relax the rules, rather than 1 screw up and your out.

 

[Laissez Faire]

I was kind of profitable but I kept failing anyway ...

Would you agree it's a scam as stated in the OP or do you feel it's a legitimate business where it's possible to succeed?

I can only repeat what I already said in another thread which is that the rules seem more realistic now, but that was definitely not true when the company first launched their programs.

Not only was the overall rules harder, but they had a time limit, i.e., reach the objective within 10 days or so.

 

[fan27]

Would you agree it's a scam as stated in the OP or do you feel it's a legitimate business where it's possible to succeed?

I can only repeat what I already said in another thread which is that the rules seem more realistic now, but that was definitely not true when the company first launched their programs.

Not only was the overall rules harder, but they had a time limit, i.e., reach the objective within 10 days or so.

Can you win money when you go to the casino? Of course. Is it a viable way to generate consistent revenue? Hardly.

 

[Sekiyo]

Would you agree it's a scam as stated in the OP or do you feel it's a legitimate business where it's possible to succeed?

I can only repeat what I already said in another thread which is that the rules seem more realistic now, but that was definitely not true when the company first launched their programs.

Not only was the overall rules harder, but they had a time limit, i.e., reach the objective within 10 days or so.

It’s not a scam but it’s not a prop firm neither.
Rules are written black on white.
They play by the rules.

What I’ve found ridiculous is the risk parameters,
They’ve left it unchanged in this high volatility environment,
And you’re not allowed to trade micros neither (It’s another combine).

So it’s really tough lately to stay within limits with 1ES contract.
Anyway ... Some guys made it and got funded (I believe).

Guess they make more money out of the 95%,
Than on the 5% that do succeed.

So they don’t care about you being successful.

 

[Pekelo]

Sure it is hard to pass, but that doesn't make it a scam.

you forgot to argue against his point.

 

[qaz]

It’s not a scam but it’s not a prop firm neither.
Rules are written black on white.
They play by the rules.

What I’ve found ridiculous is the risk parameters,
They’ve left it unchanged in this high volatility environment,
And you’re not allowed to trade micros neither (It’s another combine).

So it’s really tough lately to stay within limits with 1ES contract.
Anyway ... Some guys made it and got funded (I believe).

Guess they make more money out of the 95%,
Than on the 5% that do succeed.

So they don’t care about you being successful.

If the rules are already set out and the current market is volatile, it is not a good idea to trade. Why enter a trade when the odds are against you?

 

[p0box4]

you forgot to argue against his point.

So everything that is difficult is a scam?

Passing medical school is difficult, it must be a scam.

 

[fan27]

So everything that is difficult is a scam?

Passing medical school is difficult, it must be a scam.

Not exactly an accurate analogy. Medical school is hard and designed to weed most people out but the end result, if you can obtain it, has value. It seems the end goal to get a funded account and TS and the like has little value because it is next to impossible to stay funded and TopStep really has no financial incentive for you to remain funded.

 

[Turveyd]

So everything that is difficult is a scam?

Passing medical school is difficult, it must be a scam.

But you don't get your doctors license revoked the first time you misdiagnose someone so not far.

Only know of 1 who qualified and they didn't like his trading style and said no!

 

[Pekelo]

So everything that is difficult is a scam?

You are still not attacking his argument. He said that was unnecessary, just like I said. Nobody argued the it is hard thus must be a scam point, which is a strawman argument anyway.

There is no point for TST to come up with extra and irrelevant hurdles unless they want candidates to fail, quite simple. In the beginning they even had a winning/losing ratio what was completely wtf. Nobody in the industry cared about such ratio and later they removed it.

Try again...