TopstepTrader Q & A

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nooby_mcnoob said:
Once past the initial drawdown I should have no more restrictions. There is no other way to size up.
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I repeat Overnights comment here "Which makes one wonder. If initially you were allowed to draw down to 98K, then how come after reaching 100K, you are not allowed back down to the 98K limit?"
My question sis simple is TST risking anything beyond the initial drawdown if not then it is not really funding beyond that . and if they claim they do then it is false
Trader takes the account from 100,000 to 110,000 and then can he keep the account until the NLV goes down to original 97000 ( or 98000 whatever it might be? as simple as that
 
Topstep said:
If the trader makes $10,000. The account over its lifetime cannot reach $100,000 (starting balance) and the Daily Loss Limit would limit you to $3,000 of loss per day. There is no Weekly Loss Limit and the Trailing Loss Limit disappears at this point.
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If so then TST is not really funding anything at that stage that 10K the trader has made is enough for margin money ! assuming it is a real money account
 
traderjo said:
I repeat Overnights comment here "Which makes one wonder. If initially you were allowed to draw down to 98K, then how come after reaching 100K, you are not allowed back down to the 98K limit?"
My question sis simple is TST risking anything beyond the initial drawdown if not then it is not really funding beyond that . and if they claim they do then it is false
Trader takes the account from 100,000 to 110,000 and then can he keep the account until the NLV goes down to original 97000 ( or 98000 whatever it might be? as simple as that
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Your question has been answered multiple times by now.
 
traderjo said:
If so then TST is not really funding anything at that stage that 10K the trader has made is enough for margin money ! assuming it is a real money account
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Well if the funded trader in question blows up their account immediately then Topstep is on the hook and the trader pays nothing.
 
Topstep said:
Well if the funded trader in question blows up their account immediately then Topstep is on the hook and the trader pays nothing.
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Yes I acknowledge that TST takes the initial risk of 2-3K ( minus the tests fees it has gained) BUT the important question was to see if TST is upfront about admitting that in the Profit making scenario I mentioned TST does not take any further risk once trader makes that initial profit .! So a smart and good trader can sure take the advantage initially but afterwards what is the point ? he is playing with his/ her own money! Trailing drawdown by TST or others like Apex is no good...
 
traderjo said:
Yes I acknowledge that TST takes the initial risk of 2-3K ( minus the tests fees it has gained) BUT the important question was to see if TST is upfront about admitting that in the Profit making scenario I mentioned TST does not take any further risk once trader makes that initial profit .! So a smart and good trader can sure take the advantage initially but afterwards what is the point ? he is playing with his/ her own money! Trailing drawdown by TST or others like Apex is no good...
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The Trailing Drawdown disappears as soon as you get the floor to your starting balance. We would not add any additional risk to your account once you are trading profitably.
 
TST does not take any further risk once trader makes that initial profit true or false that is all I am asking for transparency sake
 
DevBru said:
Again, your question has been answered multiple times already ...
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Dev no they are evading the core question .. if TST is NO BS business as advertised in plain English why they don't admit that after and if a trader makes a profit then TST does not risk anything go through my example .... Trader makes 10 K does not withdraw an NO BS company would allow the trader to go back to original drawdown limit of 98 / 97 whatever it might be
I did acknowledge that TST is on the hook initially sure .. Does TS acknowledge the un attractiveness of the "Trailing Draw down"
 
TST and similar ain't "funding" anyone. Not sure why people are still discussing this...

At best, you're given a $3-5 account to trade, although they call it a $150K account. If you make a profit in your funded account, you're self-funded as you're only risking your own capital.
 
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