NOTHING works the same as it did pre HFT. The very structure of markets are completely different now.
Only the absolute ignorant, and those trying to sell the morons believe different.
Topsteptrader
- Thread starter deaddog
- Start date
NOTHING works the same as it did pre HFT. The very structure of markets are completely different now.
Only the absolute ignorant, and those trying to sell the morons believe different.
No; I don't doubt that, either.
Your point about some of those funded during having passed Combines at the end of last year is clearly correct, too.
That's why I'd guess that February's figure will be even higher than January's.
That may be a typical figure, but it's certainly not a universal one.
Quite the opposite, it seems to me: they have a long history of under-promising and over-delivering.
To associate anything about their business with "Madoff" seems to me to be both ludicrous and downright insulting. TopStep has a long history of under-promising and over-delivering.
Anyway, all these recent developments certainly continue to give the lie to the extremely ill-informed view, that a few very gullible people somehow contrive (or pretend) to have, that the Combine and associated rules are "designed for people to fail"!
this is the typical "broken soul" ghost of elite. This place is full of them. Sad lonely broke down dreamers. -- placing them on ignore is your best bet.
What are exactly the rules for the combine?..
Well, they don't really promise anything (beside the opportunity being there), and we don't know the hard numbers (aka meaningful numbers) about delivering , so your statement is incorrect.
Even the 3 or 6 months survival rate is a rather meaningless number. I have talked to a Live guy via Pm who stayed Alive for 5 months before falling, but eventually made nothing or very little. So his case would boost the survival rate numbers but eventually everyone want to make a profit, and he failed at that.
So I would say (and here comes the reference to Madoff) the only meaningful number is something like traders making at least 10K or more. (or 5K, we can debate that, the point is that it has to be a number that at least covers the time wasted/used to reach that profit what could have been achieved by doing a simple type of work)
As long as TST keeps boasting about traders founded instead of saying "we have X traders who have made Y thousands so far", they will stay seem to be fishy...
I never understood idiots like this dude. It is all about the numbers. Who cares if they founded 200 traders if only 10 of them make any decent amount of money? Get real or GTFO...
If you want to dream and drink the cool aid, so be it, just don't cry when you make let's say 2K with TST over a 4 months period before you eventually leave them, when you could have made 6-7 thousands by working for McDonalds during that same time period.
This is how the accounting should go....Opportunity cost...
And since you are a newbie here, all the changes TST has done in the last 2-3 years we have told them back 3+ years ago. So apparently we must be right and they were wrong...
They're all listed (and explained in some detail), here: https://www.topsteptrader.com/ (beware of "forum information" on the subject, though: some is just out-of-date; some - as you can probably see in this very thread - is frankly prejudiced).
I suspect that to you, they'll seem "fishy" whatever they say, regardless of how many hundreds of successfully-TopStep-funded traders post their videos on Youtube or anywhere else. People see only what they want to see.
They're all listed (and explained in some detail), here: https://www.topsteptrader.com/ (beware of "forum information" on the subject, though: some is just out-of-date; some - as you can probably see in this very thread - is frankly prejudiced).
I suspect that to you, they'll seem "fishy" whatever they say, regardless of how many hundreds of successfully-TopStep-funded traders post their videos on Youtube or anywhere else. People see only what they want to see.
He is a typical conspiracy nut internet genius. Does not realize how foolish he looks. Quite funny!
The dead horse is getting bored with us. It is IRRELEVANT how many they fund, the test of the pudding is being profitable, not opening a broker account.
For the last time, here are some numbers that would be actually meaningful but still keep anonimity:
1. Average earnings of their top 5-10 traders. (this would indicate just how high one can go)
2. Number of Live traders who earned at least 10K. (this would indicate traders who are much better than breakevenish)
3. Max. number of contracts used by the top earners. (this is not so relevant, but indicates max. leverage)
Everything else is smoke and mirrors. Now if idiots want to circle jerk about how many Combiners passed, hey, I will even give you a hand, but just so you know, it means nothing in the real world...
Anyhow, weather is great, beer is cool, sun is still shining, I don't want to mess up anybody's happiness with reality....
Looks like I gave it a try in 2014, not sure what happened, I didn't keep up with it I guess.
