True. That's the length of rope they are offering.
What is the Scaling plan in Top Step Trader ?
- Thread starter traderwald
- Start date
Depends on how you place your stops. If you have a strategy with a 4 pt stop (ES), you could trade 5 contracts with a 100,000 account and only be risking 1% of your capital per trade.
Thanks for the question, @etrades. Your leverage is determined by the Trading Combine account size you choose on day one. As you build/lose equity, your buying power will increase/decrease based on your end of day P&L, according to the graphs that were previously posted by @TRS. In the Funded Account, once your cumulative profit is greater than $5,000, you can request adjusted risk parameters. This Help Center article illustrates our scaling plan rules and includes a video explanation at the bottom of the page. Check it out: What is the Scaling Plan?
If you have additional questions about the scaling plan, our Trader Support team is always happy to speak directly with users to help clarify any confusion.
Thank you TopStepTrader,
Please let me know if, in the trading combine, it is compulsory to scale up and trade more lots if the the profit increases beyond the threshold ?
Or could we continue to trade without scaling up ?
Thank you
Please let me know if, in the trading combine, it is compulsory to scale up and trade more lots if the the profit increases beyond the threshold ?
Or could we continue to trade without scaling up ?
Thank you
Great question, @etrades. You can scale up, however, we recommend not trading your max position size. The best traders utilize great risk management and only trade a fraction of their max leverage. You might find this blog article helpful in setting your trading up for success: 5 Lessons from TopstepTrader’s Funded Traders