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Your service looks interesting. The max drawdown for $150,000 is $4500 which is 3%. That is a very small drawdown! That seems nearly impossible to maintain for an extended period of time. fan27
Apart from for a large number of professional traders, worldwide, who trade other people's money and are required to maintain that (or often something stricter), as part of the risk-management conditions imposed on them by their employers, you must mean? But perhaps, since people applying to trade a TST account are aiming and planning to trade other people's money, that makes it a pretty appropriate selection-criterion?
Perhaps it is ignorance on my part, but not being able to have more than a 3% drawdown seems extremely challenging. You may be right but I would be interested in seeing evidence backing up your assertion. fan27
No question about that, at all: it's certainly challenging. If you were funding traders with your capital, and selecting them by using a set-up with absolutely no entry-barrier at all to the screening process, apart from the ability to pay the Combine-fee, you'd want a pretty "challenging" way of deciding which ones to allow to trade your account, I hope and trust? I certainly would ... People often express the view, in forums, that the Combine pass-rate is remarkably low, at around 20% (that figure's out-of-date: it's almost certainly a little higher, now), but I look at it differently: it seems to me, given the circumstances of the process being open for absolutely anyone to try, completely regardless of their abilities, skills and experience-level, that that's actually a pretty high pass-rate. Here are nearly 600 people who have passed the Combine ...
Are you guys gonna explain the difference between the unenforcibility of browsewrap vs. clickwrap? Nevermind, I am just having fun with insider jokes...
Of those people who pass the combine and become funded, what is the average duration of remaining funded? I assume once you get the funded you have to maintain the drawdown requirement or you lose funding, correct? thanks fan27
I don't know. I think TST doesn't publish this information. The last time I heard, they were offering (or "expecting") only a one-year agreement from funded traders anyway (nobody successful for a year would still need their service anyway, understandably enough?). You have to maintain a drawdown requirement, naturally, when trading someone else's money, but not necessarily the Combine one: they increase the permitted position sizes and allowable drawdowns as funded traders gain experience. You'd be better off attending their webinar and asking these questions than relying on me: all my information is second-hand. I've never done a Combine, myself (but I have two friends, both now successful independent traders, who got started through TST's service.)