Nope... He made 10m in 2003 and he's getting bashed... I've never made 10m.. Have you?
Topsteptrader
- Thread starter deaddog
- Start date
...and 10 years later you didn't have 5K to open a trading account. Nobody? Oh I see Scottie raising his hand...
For full disclosure, I also never lost 300K a year...
To explain it to Onemoreshot: There are 100s of people who made a killing in the late 90s just by going long on tech stocks. They had the right strategy for the right times. That doesn't mean they knew how to trade under all market conditions and I bet 98% lost money in the following market downturn.
I hear ya there. But he has the balls to trade big and make big money. I'd put money on him to do well again.
Nor would I but he is not the only one who has ridden the roller coaster. The market doesn't care if you have ten thousand, ten million or ten billion in your account. If you don't manage your risk, it's gone
I was among them Pekelo. Traded flat base breakouts on high volatility tech's. To say it didn't work post March 2000 would be a radical understatement.
Update ...
The recent changes in the Combine rules appear to be resulting in an increase in the number of people successfully funded: TopStep has announced that 68 traders received funded accounts during the month of January 2016 (a significant increase on 2015's average of 31 traders per month).
The recent changes in the Combine rules appear to be resulting in an increase in the number of people successfully funded: TopStep has announced that 68 traders received funded accounts during the month of January 2016 (a significant increase on 2015's average of 31 traders per month).
Dear old Topstep, full of it again. 
I don't doubt they WILL HAVE more traders passing the Combines, but the effect of the January change hasn't shown up YET in the number of people funded in January. Why? Because it takes 4-6+ weeks for the whole process including passing the LTP. The earliest those numbers would be showing up is from now on....(so eventually in the February tally)
If anyone doubt my accounting, just click on the names in the email and you can see that they all (I only checked 5-6 but I am more than sure of the rest) did their Combines back in December and even November. They must have had premonition...
Of course there were other changes back in Nov and Dec so this increase is the result of those, not the January latest changes. These guys have a Madoff type accounting...
Just keeping it real, as always....
I don't doubt they WILL HAVE more traders passing the Combines, but the effect of the January change hasn't shown up YET in the number of people funded in January. Why? Because it takes 4-6+ weeks for the whole process including passing the LTP. The earliest those numbers would be showing up is from now on....(so eventually in the February tally)
If anyone doubt my accounting, just click on the names in the email and you can see that they all (I only checked 5-6 but I am more than sure of the rest) did their Combines back in December and even November. They must have had premonition...
Of course there were other changes back in Nov and Dec so this increase is the result of those, not the January latest changes. These guys have a Madoff type accounting...
Just keeping it real, as always....
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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"!
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Something very bad must have happened to that guy. Very bad.
People have bad luck in real life. Unlike the phony baloneys on elite.
Good luck to him!