Topsteptrader

[londonkid]

FTP and LTP are the same thing, we just call it (and they used to) Live Trader Prep....

Congrats, by the way. Since I like to predict, here it goes:

By mid-October, you will be done with TST for various reasons... Prove me wrong!

So you are predicting that I will be done with TST after 3 months? thanks for the confidence boost, nice one.

have you got any reasons based on FACT rather than delusional 'TST is a scam' rants. bet you think the moon landing was a scam too.

 

[londonkid]

my goodness. I just had to reply to below utter BS

I guess the best way to realize what is going on with topsteptrader is to think about the following: Imagine you are a trader who is trying to raise some money from investors. Picture the following conversation:

You: "I'm a trader, Can you invest 1 million dollars with me"
Investor: "A million dollars is a lot of money, I dont want to lose it. How good of a trader are you"
You: "Im a decent trader, but it doesnt really matter. You will not lose ANY money"
Investor: "I dont understand, how can I not lose any money? Isn't trading risky?"
You: "Yes it is risky, but you will not lose any money. Guranteed"
Investor: "Can you explain"
You: "Well it works like this, You give me 1 million dollars, and I trade it. If I lose $20,000 dollars of that million, I will close the account immediately, and refund you your $980,000 and from my own money I will give you an extra $20,000.
Investor: "So if you lose 20k, I get my investment back, and you also refund me the amount lost using your own money?"
You: "Correct. So you have zero risk. But you have unlimited upside!! Why? Because if I start making money, we shall have a 80% to 20% split. You keep 80%, and I will keep 20% of all profits generated. Its a win win"


What is weird about this conversation? Even to the investor who doesnt know anything about trading, it would seem fishy.

you sir have absolutely NO understanding of psychological/emotional capital. trading someone else's money at no downside risk to yourself is a totally different proposition than trading your own account. In the above example do you think you will trade in the same way knowing you have to pay the $20k back if you lose it compared to a scenario where you don't have to pay it back.

There is zero point to having a "100k funded" account when you can only lose $3,000 of it. The only difference is that in this case topstep is risking that $3,000, not you.

no completely wrong. if you risk $3000 and trade yourself you are accountable to nobody. that matters A LOT.

when considering topstep with the understanding that you are paying real money to try and pass an absurdly unrealistic combine (8% return in 10 days? This is supposed to be "good education") ?

absurdly unrealistic lol. It's difficult yes but 100s have passed it and continue to do so, if you have no real edge and disciplined then you are shafted from the get go, in a nutshell that's 95% of retail covered. 8% return in 10 days, maths check $150k combine is 6%. There are pro traders out there who consistently knock out 10%+ per month growth, most don't spend time on forums for obvious reasons.

The struggles you will now face are the same as every other under capitalized trader trying to make a "living" using a $1,000 to $4,000 account.

completely false. You can earn a good living by trading a $150k account. Using a $1k-$4k account realistically the best you can do is compound it up and not earn a living although there will be plenty of demo ballers out there who say they converted it into millions.

And if you do pass, you are getting an account that is super super tiny.

$150k isnt a super super tiny account in anyone's book (apart from Gates). Granted it's not huge but its enough to earn a decent living/compound up or build a track record to a larger account.

GL

 

[Pekelo]

So you are predicting that I will be done with TST after 3 months? thanks for the confidence boost, nice one.

I didn't state why, did I? So stop assuming....

But to be honest, I think you will come to the conclusion you are better on your own. I am not going into details, you will learn them soon enough.

As I said earlier, just prove me wrong. Don't argue with me, just get fat paychecks from them.

 

[londonkid]

But to be honest, I think you will come to the conclusion you are better on your own. I am not going into details, you will learn them soon enough.

you reckon I am better on my own? you know something I don't that I am about to discover? very unlikely dude. I always make sure I am many steps ahead of the crowd. I know what you are referring to.

have you tried a combine yet?

 

[Pekelo]

As a famous Donald* said:

"There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know."

Your problem is that you don't realize the real account size what you will be starting out with.

Would you care to guess what the REAL account size is for a newbie Live trader? (no matter what combine he/she passed)

*Rumsfeld, not Trump

 

[londonkid]

Your problem is that you don't realize the real account size what you will be starting out with.

Would you care to guess what the REAL account size is for a newbie Live trader? (no matter what combine he/she passed)

oh please this is gold. you are still bleating on about the actual account size you are trading is equal to a piker brokers intraday margin. Its not the same as that.

I note your refusal to answer my question about taking a combine yourself?

 

[Pekelo]

So I take you DON'T know what your future employer actually is going to trust with? Well, that tells a lot about known unknowns...

Look, you are a good kid although a little bit green behind the ears. So since I feel generous and also I think you didn't read back long enough this thread (otherwise you would know the answer to your question) I will save you time and show you where the real answer is (not to my combine (since that is irrelevant) but why you will leave TST):

Go back to 2014 November and read everything what Crispy said. He was profitable, nevertheless he left TST in good terms because... well, you just have to read it.

And please stop the cocky attitude. Just because someone disagrees with you, he might still be trying to help you...

Have a good reading and good profits..... And thank me later....

 

[londonkid]

So I take you DON'T know what your future employer actually is going to Well, that tells a lot about known unknowns...

Look, you are a good kid although a little bit green behind the ears. So since I feel generous and also I think you didn't read back long enough this thread (otherwise you would know the answer to your question) I will save you time and show you where the real answer is (not to my combine (since that is irrelevant) but why you will leave TST):

Go back to 2014 November and read everything what Crispy said. He was profitable, nevertheless he left TST in good terms because... well, you just have to read it.

And please stop the cocky attitude. Just because someone disagrees with you, he might still be trying to help you...

Have a good reading and good profits..... And thank me later....

Man 39 posts off your 10k and your like ratio sucks. You really need to think about multinic ing some in or a buddy up arrangement those are rookie numbers.

I already read crispys posts. His conclusion stated here was that he didnt earn enough from his trading. Clearly his edge wasnt great enough to sustain him.

ironic you calling me green behind ears. lol

 

[Pekelo]

Hey, I tried... [shaking head]

Obviously you are a newbie here, otherwise you would know that the Likes feature was implemented fairly recently. But anyway, I am done educating you, seems that you like to learn at your own expense... So be it....

Now if you forgive me before I go, I will make a note to myself:

"Don't forget to post "See, I told you so!!!" around late October in this thread..."

 

[volente_00]

londonkid

Will you at least post the terms of the non compete that they make you sign ?