Topsteptrader

[Pekelo]

Even $500K account

People seriously, there is no such a thing. Anyone who really believes that your backer has 500k in the account per trader is incredibly naive. After all you are trading futures with leverage, there is no need to have such a big account and it would be just waste of money anyway.

Talking about nominal value is also irrelevant, because as it should be obvious, you are trading futures. The REAL account size is what matters and all of these firms are guilty of overstating the actual account size, what can be calculated by a simple math:

Initial required minimal account size by the broker + intraday margin requirement per contract + maximum allowed loss per day by the backer. That is it... There is simply NO NEED for more money in the account because it will never be used anyway.

And that is why Pulsarcap is a load of male cow manure, because they want you to make 100% return PER MONTH on a 4k or less REAL account size. If you can do that, why would you need Pulsar as backer anyway???

The same logic applies to any other company...

 

[shiko2000]

This is what I finally got after learning margin requirements for futures.
It is all about trader day trading skills, discipline when it comes to max daily and trade losses, patience and self control.

Based upon each trader personal stats it can be calculated how many maximum losing days trader can afford before hitting maintenance margin and then opening account margin plus that cushion.
With $1500 max DD I can have some 5 days of full max daily losses before I hit equity stop. But it would not be actually wise on trader side to open such small account until he can prove himself that he can trade it with good discipline and risk control. I think it is pretty doable to start with $6000-10 000 account and grow it.
Like Neo I started believing

People seriously, there is no such a thing. Anyone who really believes that your backer has 500k in the account per trader is incredibly naive. After all you are trading futures with leverage, there is no need to have such a big account and it would be just waste of money anyway.

Talking about nominal value is also irrelevant, because as it should be obvious, you are trading futures. The REAL account size is what matters and all of these firms are guilty of overstating the actual account size, what can be calculated by a simple math:

Initial required minimal account size by the broker + intraday margin requirement per contract + maximum allowed loss per day by the backer. That is it... There is simply NO NEED for more money in the account because it will never be used anyway.

And that is why Pulsarcap is a load of male cow manure, because they want you to make 100% return PER MONTH on a 4k or less REAL account size. If you can do that, why would you need Pulsar as backer anyway???

The same logic applies to any other company...

 

[ScalperJoe]

People seriously, there is no such a thing. Anyone who really believes that your backer has 500k in the account per trader is incredibly naive. After all you are trading futures with leverage, there is no need to have such a big account and it would be just waste of money anyway.

Talking about nominal value is also irrelevant, because as it should be obvious, you are trading futures. The REAL account size is what matters and all of these firms are guilty of overstating the actual account size, what can be calculated by a simple math:

Initial required minimal account size by the broker + intraday margin requirement per contract + maximum allowed loss per day by the backer. That is it... There is simply NO NEED for more money in the account because it will never be used anyway.

And that is why Pulsarcap is a load of male cow manure, because they want you to make 100% return PER MONTH on a 4k or less REAL account size. If you can do that, why would you need Pulsar as backer anyway???

The same logic applies to any other company...

Yes, you're right. Shiko posted a link to the other firm, which mentioned "nominal values" that's why I provided the CME description. Of course they don't have 500k per trader when they back a futures trader.

That firm was simply using a different way of calculating what the max size traders were doing after six months of backing. Since the nominal values vary for each product, you have to take the extra step to calculate your max lot size.

I agree with your comment about the REAL account size. When comparing the level of "funding" the comparison is the amount of capital you'd have to put up in a retail account vs. the amount of maintenance cushion in the funded account.

Just as the backer has an expectation of performance by the trader, the trader also has to justify the haircut, so there MUST be an expectation to increase size without having to increase the cushion once there is consistency (and the time limit for that is subjective).

With any of these firms that claim backing, if you're required to maintain a higher cushion that exceeds the level of margin required in a retail account, lot sizes being equal, then it's NOT really a "funded" account, it's more like a "build your cushion and give up a percentage" account.

 

[trader99]

I think what would be of most value in the long run for TST hopefuls is to swing BIG sizes! Like let's say 30,50, and 100 lots!

Then you can really bang some serious bucks. If you are stuck pushing 1 lots until you build up your cushion then it's deadend-ish.

Isn't that the real reason to join a prop firm is to push size?

But before you can swing size you gotta be able to have a consistent method. Trade on sim. Even now I trade on sim to test out new strategies and methods. I have both real and sim account open. If i'm not sure about a pattern but it looks interesting then I try it out on sim. If it works out then I remember that and use it on the real account next time. If it doesn't work out then I didn't lose any money. Try that guys.

Does TST allow overnights? Or just daytrades? Or let's say you initiate a position after hours and hold til morning? Is that allowed? For example, last night I put on 10 lot of ZW knowing from daily chart it will go up. Then in the morning cashed out at 3pts+ I don't do it very often.

 

[nazzdack]

----Does TST allow overnights?
----daytrades?
----initiate a position after hours and hold til morning?
----ZW....
----in the morning cashed out....

1) Continuous overnight? .... no. You have to be flat by 3pm but can re-initiate at 5pm, even then, only for certain markets.
2) According to the website, grains, (C, S & W) can only be traded during the pit session time from 8:30am til 1:15pm. That's it! :eek:

 

[trader99]

1) Continuous overnight? .... no. You have to be flat by 3pm but can re-initiate at 5pm, even then, only for certain markets.
2) According to the website, grains, (C, S & W) can only be traded during the pit session time from 8:30am til 1:15pm. That's it! :eek:

nazzdack - Thanks for the clarifications!

 

[trader99]

One piece of suggestion:

Here's an idea guys. Practice on sim until you are good enough to qualify for the $150K account. When you go live you will be swinging 10-15 lots make a few K a day!

Now, that's a nice one. I know it might take a while to consistently make money within the parameters of the $150K. Basically $900/day with very low risk.

But that's better than trying to go live and pushing 1 or 2 lots.

Just my 2 cents.

 

[Commodity_Trader]

One piece of suggestion:

Here's an idea guys. Practice on sim until you are good enough to qualify for the $150K account. When you go live you will be swinging 10-15 lots make a few K a day!

Now, that's a nice one. I know it might take a while to consistently make money within the parameters of the $150K. Basically $900/day with very low risk.

But that's better than trying to go live and pushing 1 or 2 lots.

Just my 2 cents.

the problem is weekly loss limit of 50/100/150 k accounts .i think it's almost impossible to survive with a weekly loss limit equal to daily loss limit.it means even with a 5 lots per trade in 150k account in 5 minute timeframe you can not have more than two loss days.i think it's simply impossible .i rather build a cushion with 30k combine

 

[trader99]

the problem is weekly loss limit of 50/100/150 k accounts .i think it's almost impossible to survive with a weekly loss limit equal to daily loss limit.it means even with a 5 lots per trade in 150k account in 5 minute timeframe you can not have more than two loss days.i think it's simply impossible .i rather build a cushion with 30k combine

OH!!!

https://www.topsteptrader.com/learnmore#learnmore-get-funded

For $150K account for example, if you are down $3K in a day, then you are basically done for the week?! And you would be only $1500 from being totally done since max drawdown is $4500.

Tight leash...

 

[Maverick74]

OH!!!

https://www.topsteptrader.com/learnmore#learnmore-get-funded

For $150K account for example, if you are down $3K in a day, then you are basically done for the week?! And you would be only $1500 from being totally done since max drawdown is $4500.

Tight leash...

No, no, no. The loss limit is from zero so in other words, you need to lose 4500 out of the gate. So to be done for the week, you would need to make zero profits and lose 4500.