Topstep is just taking advantage of something that is very evident in my opinion The best way to make (consistent) money in the trading world is not really through trading but through selling products and services to traders (either creating trading software, trading indicators, trading education programs, monthly stock/options picks or advisory services that give you their opinion on the market or trading signals or actual trades to do, algo trading programs for sale, or in this case virtual trading training programs with the promise of "funding" or anything else you can think of that traders want/need) as most traders are looking for any edge and will spend tons of money trying to find one. So make money consistently selling stuff to traders, and still trade on the side -------------------------- https://blog.topsteptrader.com/lessons-from-losing-90k TopstepTrader Founder and CVO Michael Patak's story is all too familiar to many traders out there - he started trading and quickly lost his entire account. Yet, unlike many who stop, Michael stayed in the market and blew up two more accounts for a total of $90,000. Then, his dad challenged him to focus on making just $60,000 in the next year. A former high school and college athlete, Michael took this to heart. A year later, he accomplished that goal - bartending part time to take the stress off making money in the market. And then in a couple years, he found himself making back a third of those losses in a single trading day. Michael's story touches on the passion and struggles that so many day traders share and shows that working at the market is a long process, but that it can lead to success.
It seems the Topstep story is rather old. In this is new era with AMC, Gamestop and Bitcoin, $90k is really nothing. With stock market keep making record highs everyday, you can just jack up the leverage and bet on the few large tech firms, also Tesla.....