Why TopstepTrader?

Status
Not open for further replies.
nooby_mcnoob said:
The pain and self doubt man. Debilitating at times. It will take me a couple of years to get over it.
More...

You have NO idea about debilitating pain. I remember seeing this exact commercial when it came out in the late 90s, and suffering this terrible ear worm about magnetic whale art. My head is very very audio-orientated.

As I was not involved in investing at the time, imagine the pain I suffer everyday now for this God-damned earworm.


Magnetic WHALE art! Magnetic WHALE art! Magnetic WHALE art! Magnetic WHALE art! Magnetic WHALE art!

I have been hearing that little bit in my head for over 20 years. Just fucking awful, considering where Amazon was then compared to where it is now. UGGGGGG!
 
Overnight said:
You have NO idea about debilitating pain. I remember seeing this exact commercial when it came out in the late 90s, and suffering this terrible ear worm about magnetic whale art. My head is very very audio-orientated.

As I was not involved in investing at the time, imagine the pain I suffer everyday now for this God-damned earworm.


Magnetic WHALE art! Magnetic WHALE art! Magnetic WHALE art! Magnetic WHALE art! Magnetic WHALE art!

I have been hearing that little bit in my head for over 20 years. Just fucking awful, considering where Amazon was then compared to where it is now. UGGGGGG!
More...

I had a chance to get into Amazon in the 2000s as an employee. The best part is that I will hopefully be making more from trading the AMZN index than I would have taking a job there and I don't have to deal with the nerds.
 
nooby_mcnoob said:
I think some published stats would be helpful.

For example:

- % of people who pass combine step 1 after 1, 2, 3, 4, 5, tries
- % of people who get funded
- % of people who have traded and been funded for 1,2,3,4,5,6,7,8,9,10,11,12,12+ months
- % average profit per trader in each tranche above

I know these stats are probably really bad, except for those traders who survive longer than 6 months but honesty is better than being vague. It lets people know that it's hard.
More...

The percentage who finally hold their funded account for more than one month is very small, probably lower than 3%.

FTMO CEO gave a number that 8% finally get funded.
But keep in mind most traders who got funded blow up their accounts in the first month, so they never get profit split.
 
Last edited:
padutrader said:
anyone who studies the profit target knows it is hard because the profit targets are very small.....

you only have to make 6% without losing 2% and you have all the time to do it......it should be easy..

but the nature of trading is that this is impossible unless you are a perfect trader.......and i think one in a thousand would get funded.

it is money for them but they can say it you who has to be good enough
More...


You misunderstand. The profit target is not small at all.
First , drawdown is the funding you get from them.
Now compare profit target with drawdown, not account value. Account value is meaningless.
For example, earn2trade 40% discount 50000 account, drawdown 2000, profit target 3000. So it is a 150% profit target.

To make 6% without losing 2% is actually a 300% profit target.
Because 2% is all trading capital you have.
 
Last edited:
wmwmw said:
You misunderstand. The profit target is not small at all.
First , drawdown is the funding you get from them.
Now compare profit target with drawdown, not account value. Account value is meaningless.
For example, earn2trade 40% discount 50000 account, drawdown 2000, profit target 3000. So it is a 150% profit target.

To make 6% without losing 2% is actually a 300% profit target.
Because 2% is all trading capital you have.
More...
you are brilliant

it looks small........ it is not

you explained it...but that is the deal with all these funding touts...

but i made it across the line in LMI....... i figure i can do it in all

in the gauntlet i have in 2 days , made it to 50% of the target. 3000 is the target

i have only 1500 to go.

yep you have to be perfect to get funding.......in 14 years... that was my goal to be perfect...

let us see if they certify me as perfect
 
Last edited:
padutrader said:
you are brilliant

it looks small........ it is not

you explained it...but that is the deal with all these funding touts...

but i made it across the line in LMI....... i figure i can do it in all

in the gauntlet i have in 2 days , made it to 50% of the target. 3000 is the target

i have only 1500 to go.

yep you have to be perfect to get funding.......in 14 years that was my goal to be perfect...

let us see if they certify me as perfect
More...

So you have had 2 profitable days and you think you are the perfect trader now? For the 67168834643107th time in your life.

It seems like you have learned nothing from your 14 year of losses.
 
Status
Not open for further replies.
Back
Top