It is all explained here: https://help.topsteptrader.com/hc/en-us/articles/235514547-What-is-the-Trailing-Maximum-Drawdown- If you take out all of the profits made your account will be done since you will then reach the trailing draw down (which is your initial starting balance at this point).
Sorry, did you go to the university of Chicago? If not, you probably aren’t getting the offer you’re describing above.
Yes if you take out the entire $5000 or go below $0 - you are done. You will have to go back to Step 1 of the combine. I leave around $2000 in my account to cover the small losses I incur on a daily basis.
If you're tired of losing hundreds or thousands of dollars of your own money on a weekly basis, why not give a service like TST a shot? If you're a good trader it'll only cost you $150 to pass the combine and then you can be on your way to trade their funds. Sounds like a no brainer to me.
Well of course not, there is a lot of money in the hamster wheel. (TST has been around for about a century.) Question, and if you answer it I will be impressed, as nobody else does. What are the stats of the traders involved? What's the success rate? How long does the average trader survive being funded? I have never seen anybody answer this. I think if those numbers were ever public, it would be detrimental to the entire business. I suspect that any profits come not from the market, but rather from the other players involved. As long as I get paid when I have profits, I don't have an issue with that, but haven't heard of anyone actually admitting this is the case. If it is, then it is simply like going to the casino, in the sense that you are taking money from other players, which is fine, but not how it is presented, which would concern anyone thinking through the situation. I also would ask why the cost? There are a few firms out there that will actually fund you if you have at least a 6 month trading record. (From the conversations I have had, they are looking for 2-3% a month, but these are also FX firms.) The account sizes are bigger that offered with your competition, which also makes me wonder.
How do you know? Trade2020's account had no activity since March 29th so it is possible that he hasn't seen your question yet.