Topsteptrader

[ScalperJoe]

1) That may not be do-able because of possible non-compete agreement(s) that a trader has to sign-off on before being funded. :eek:
2) If a funded TST trader loses his funding, is the non-compete still binding?
3) Does a TST non-compete agreement have "teeth" in it that genuinely makes it effective for the benefit of TST?

1) I don't know about any non-compete agreements, only Patak and the partners would know the answer to that, as well as those who are funded. TST is very helpful about answering questions, so that is something you can ask directly during their open Squawk on Fridays. Although I doubt you're going to get to see a contract until you become a funded trader.

2) If a funded TST trader "loses" his funding, then he's back to the combine, which means he's trading simulator again, so there would be no reason for a "non-compete."

3) Again, I'm not sure of any non-compete. I remember awhile back when TST was on this forum it was noted that you can trade another account. There are also live trader designation badges in the chat who are already trading live, but are not TST funded, which implies that you can indeed trade your own account as well as participate in the Top Step program. So I think they are flexible.

 

[Maverick74]

The fills on a Ninja simulator seemed quite realistic, and I think are real time. This is different than TOS, where the simulator, although real time, will fill you regardless of your order in the queue, so even if there is one lot at your trigger, you will get filled.

TST's simulator is exactly as you described.

That part is actually not true. The T4 sim time stamps your order in the que which means you do NOT get an immediate fill. It was actually one of the gripes I had at the time. There was even slippage on market orders and stop orders. In fact, if you go back and read the thread, there were some pretty loud complaints about this. One guy even thought it was intentional as it caused him to miss passing the combine by a tick or two. I believe the Ninja sim is on par with the T4 sim.

 

[volente_00]

Crispy passed the combine.

Crispy is a live profitable trader.

According to you, Crispy must be some mythical Greek God with three heads and 10 flat screen monitors of course.

I've asked Crispy before about the current numbers the traders put up and about the non compete. His refusal to answer indicates his fear of tst for telling us the answer. For a company that claims to be so transparent, they sure keep the facts hush hush.


Grossing less than 30k for a year of work, then giving 40% of that to tst, then having to pay 25-30% on that net 1099 income

Now is it worth being a live profitable trader with a net of $259 a week ?


Not sure about you but I sure as hell did not become a trader to make $7 an hour working for someone else.


You know as well as anyone if there were traders there making any decent money they would be using it in their marketing.

 

[Maverick74]

Grossing less than 30k for a year of work, then giving 40% of that to tst, then having to pay 25-30% on that net 1099 income

Now is it worth being a live profitable trader with a net of $259 a week ?


Not sure about you but I sure as hell did not become a trader to make $7 an hour working for someone else.


You know as well as anyone if there were traders there making any decent money they would be using it in their marketing.

See dude, you keep moving the goal posts. You make a statement, someone refutes it, you move the goal posts. This is getting tiresome. Your argument is of course nonsensical. Because even if he wasn't at TST and trading his own money by your own definition he wouldn't be making jack shit. Thanks for playing...

 

[ScalperJoe]

That part is actually not true. The T4 sim time stamps your order in the que which means you do NOT get an immediate fill. It was actually one of the gripes I had at the time. There was even slippage on market orders and stop orders. In fact, if you go back and read the thread, there were some pretty loud complaints about this. One guy even thought it was intentional as it caused him to miss passing the combine by a tick or two. I believe the Ninja sim is on par with the T4 sim.

Ya, T4 timestamps the order, so the fill is not immediate, unlike TOS, where the fill is immediate when you hit your trigger price. I also experienced that T4 orders were quite accurate with ES, but I did have some slippage with CL. Ninja seemed accurate on both.

 

[Crispy]

I've asked Crispy before about the current numbers the traders put up and about the non compete. His refusal to answer indicates his fear of tst for telling us the answer. For a company that claims to be so transparent, they sure keep the facts hush hush.

So in addition to graciously answering the questions earlier in the thread you asked me I am now supposed to owe you my numbers? And how the heck would I even know about the other traders numbers?

I have no fear of TST. I signed the standard contract with them like all the other traders they backed. Just cause I dont want to disclose terms of a legally binding contract with the ET board does not mean im "scared". It means im not idiot.

I dont work for TST. I trade some funds. Period. The transparency they want to provide is up to them.

Let me say this. I am an open book for the right bait. Make it interesting to me and I will post my account PnL in addition to every day of trading with stats since I have been there.

 

[Maverick74]

So in addition to graciously answering the questions earlier in the thread you asked me I am now supposed to owe you my numbers? And how the heck would I even know about the other traders numbers?

I have no fear of TST. I signed the standard contract with them like all the other traders they backed. Just cause I dont want to disclose terms of a legally binding contract with the ET board does not mean im "scared". It means im not idiot.

I dont work for TST. I trade some funds. Period. The transparency they want to provide is up to them.

Let me say this. I am an open book for the right bait. Make it interesting to me and I will post my account PnL in addition to every day of trading with stats since I have been there.

Crispy, don't let him get to you. He is just angry at you because your existence pretty much renders all of his arguments useless.

 

[Tonkadad]

Crispy, don't let him get to you. He is just angry at you because your existence pretty much renders all of his arguments useless.

I had a laugh at this particular word "existence". first thing to pop in my head was bigfoot.

It seems a profitable trader at least in some peoples eyes is quite elusive.

Crispy, you don't have an inordinate amount of hair (fur) growing between your toes, do you?

 

[Maverick74]

I had a laugh at this particular word "existence". first thing to pop in my head was bigfoot.

It seems a profitable trader at least in some peoples eyes is quite elusive.

Crispy, you don't have an inordinate amount of hair (fur) growing between your toes, do you?

Well, I made reference to him being a Greek 3 headed God. Some on this board seem to feel that anyone that can pass the combine must be some mythical creature that is only rumored to exist with no actual sightings. So yeah, there is a similarity to big foot I guess. Of course I think 100's of guys have actually passed the combine so it's not as big of a deal as some might thing. But my hat goes off to Crispy for not just passing but still being live.

 

[Crispy]

Crispy, don't let him get to you. He is just angry at you because your existence pretty much renders all of his arguments useless.

I dont even know what the argument is supposed to be.

The real value here with TopStepTrader is confidence building. And that exactly what you pointed out either here or in a similar thread. The rules are rigid. The risk is tight. and you have very little leeway for error. If you can manage by virtue of your own skills to get funded after all that you may be onto something. Even then it could have just been a statistical fluke, right? So then you have to maintain that very same discipline in the live account or you will end up back to square one really fast. If your not a fluke, then it has the potential to be a life changer over the long haul. And I dont mean trading 1-3 lots of ES a clip.