Topsteptrader

volente_00 said:
Londonkid

Do you reside in the states ?

If you can trade like you claim, what is the incentive to trade through tst and give up 20% while having to keep a deposit in the tst account that would give you the same increased size in your personal account without any profit split ?
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No. I reside in UK.

(i) 100% downside protection
(ii) accountability of enforced 2% stop loss
(iii) building a track record of trading a firms money
(iv) benefit from the psychological advantage that I am trading OPM
(v) ability to trade personal account at the same time (taking the same trades) - best of both worlds if you want it.

GL.
 
volente_00 said:
One of the problems I have always had with tst is the rules have changed constantly over the past 5 rules which gives the impression that they can't make up their minds on what they really want.
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They clearly have tweaked rules over time to make sure they get the type of traders they want. Perfectly normal for them to do this as their model is developed.

Why would you worry about something that is outside your influence? I just cant see how someone would make a logical decision on whether to take a combine based on how many times they have changed the rules over 5+ years. It is not like they are changing the rules every month is it.

Some people are way over complicating this. Taking a $150k 10 day combine example all you have to do is make 19 ticks per day on a 4 lot ($12.50 tick instrument). If you miss target and end net positive with 5+ winning days you get your money back.

GL
 
volente_00 said:
One of the problems I have always had with tst is the rules have changed constantly over the past 5 rules which gives the impression that they can't make up their minds on what they really want.
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...or they're improving on what works and letting go of what doesn't. They're a young company. Not trying to defend them, but the fact that I prefer most of their current rules vs their older ones hints to me that it's more about improvement than headless chicken management.

londonkid said:
I reside in UK.
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Funny, that would've been my first guess based on your nickname. ;)

londonkid said:
(i) 100% downside protection
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That's my "moth to a flame" towards TopStepTrader too.

londonkid said:
(iii) building a track record of trading a firms money
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For sake of argument, wouldn't actual brokerage statements represent the same kind of proof of performance? I can't really see how one could be more easily tampered with than the other.
 
VPhantom said:
For sake of argument, wouldn't actual brokerage statements represent the same kind of proof of performance? I can't really see how one could be more easily tampered with than the other.
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It was more the fact that if you were going to try and secure a large backer via another prop firm/primebroker/hedgefund then you have shown that you have the maturity and can handle the psychology of trading OPM. When all is said and done though if you can trade you can trade.
 
londonkid said:
No. I reside in UK.

(i) 100% downside protection
(ii) accountability of enforced 2% stop loss
(iii) building a track record of trading a firms money
(iv) benefit from the psychological advantage that I am trading OPM
(v) ability to trade personal account at the same time (taking the same trades) - best of both worlds if you want it.

GL.
More...


1. It's your money/cushion at risk if you are profitable ??
2. Do you really lack self discipline and do you think having to bend to all of their rules does not limit your trading ?
3. You are a contract laborer paid via 1099 and not an employee. Unless the contract has changed there used to be a provision stating you can not use your trading results to self promote. I suggest you double check on that before committing.
4. What is the advantage ? You are having to answer to a boss which to me is the primary reason one becomes a trader for the freedom and only having to answer to yourself.
5. I'm glad they allow that now but will you trade the same exact strategies and parameters in you personal account that you do with tst ? What I don't like about the program is if you build a trading cushion you still remain handcuffed under their rules even though it is now your money at risk. Why not just trade more size in your personal account and keep 100% if it's going to be your money at risk in the tst account?


Is it true what the other poster was saying that you will be limited to only 3 contracts live even though you passed the bigger combine ?
 
volente_00 said:
1. It's your money/cushion at risk if you are profitable ??
2. Do you really lack self discipline and do you think having to bend to all of their rules does not limit your trading ?
3. You are a contract laborer paid via 1099 and not an employee. Unless the contract has changed there used to be a provision stating you can not use your trading results to self promote. I suggest you double check on that before committing.
4. What is the advantage ? You are having to answer to a boss which to me is the primary reason one becomes a trader for the freedom and only having to answer to yourself.
5. Why not just trade more size in your personal account and keep 100% if it's going to be your money at risk in the tst account?


Is it true what the other poster was saying that you will be limited to only 3 contracts live even though you passed the bigger combine ?
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1. nope. in a black swan situation where trades are broken and not honored it's their money at risk.

2. all traders have to work hard to keep their discipline in check.

3. see previous poster reply - this has been removed

4. I have been over and over this - gunna leave it there.

5. I have been over and over this - gunna leave it there.

Yes. $150k combine when you start live you start on the scaling plan which is 3 contracts for first $1500 account growth. That's perfectly reasonable for me and trading with a $3000 weekly loss limit, 3 contracts is about where I would start anyway regardless of restrictions their rules.

GL
 
Pekelo,

Have you passed the combine, as well as their eventual live tests ?
If not, why ?
If yes , can you then explain why you refused their contract?
 
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