traderjo, Don't worry on all that marketing stuff and what the name is. Just understand the rules and play the game and get paid.
165 not 265 - my mistake in the original post. Very simple and good idea - you can't do it now - don't do it. It's about your money. If you will be ready than you can risk (because it is till risk). As I said - I'm objective here. there is no such thing as a "good loser". Ohh you failed this time ? But you are better now, you were trading really good - you are good loser not bad No - if you don't get it you weren't trading good. So I think exactly the same - if you can not do it outside of TST, do not pack money. In fact - this is exactly what I did, I checked whether I could set the conditions and then I joined. good luck!
i have a feeling that a lot of the anger stems from the misunderstanding of what a ‘funded account’ is. in my eyes it is just a continuation or next phase of their educational process where you get to hone your trading craft with real cold hard cash. i don’t think it’s designed to provide long term funding to market plungers regardless of their prowess or profitability.
Thanks MichalTr, I can only speak for myself and my trading business. I treat trading like a business. It makes zero sense for me to trade a dime of my personal money if I can't even pass $50K combine in paper. Matter of fact, I want to pass the $50K combine two times with paper money before I even start paying TST monthly payments. I have no ego when it comes to making money.
Absolutely right: there's no point in paying TST to take a Combine you don't already know from your own free practice that you're likely to pass.
That website looks hilarious. I wonder what kind of people use that site. -- But I suppose it's a win-win situation for both parties. I personally wouldn't want to give my funder 20% of my profits. But if you become successful and rich doing that, I'd love to read your success story. Maybe TopStepTrader can put your avatar face on their site. For some reason, I imagine all members of these sites...as regular Joes who work at Payless Shoe Source, or at the electronics department of stores, or customer service telephone computer reps. The founder of that site says he routinely makes 6 figures a year. and his biggest win was $33K. That's good, I suppose...but not Great or Excellent. There's an asterisk* after that figure...that says it may be Hypothetical? wtf he's blowing smoke up your butt in front of your face, All these trading schools and Competitions seems to only favor futures, or commodities or stocks. or maybe forex. I wish there was one that included options. -- The world of options...is like for the Wild Child, Dennis the Menace...Joker type of trader/gambler. You can experience much wilder, crazier swings in profits/losses. But more importantly, it's 2018...Make Trading and Your Life Great Again...High-Five` My beagle loves beef jerky, but I personally find it way too salty.
@lawrence-lugar For people who can't afford some "normal" capital to cover at least margin and drawdown it's not bad option for start. 80/20 split is good - in fact even in props. About users - in my opinion that is exactly the target - young ppl who wanted to start in business, some dreamers, "dentists" e.t.c. But if someone is willing to give you money, only because he thinks he can passed it - why don't take it ? About founder and "Hypothetical" - yep I read it before, looks silly. But I don't care as long I can get something for me. And I think this is how we should look at it - like at business opportunity (there is some calculation few posts before - why it can make sense for beginning, and beginning is important word here). I think they are not focusing on options for another reason - there are not so many people interested + it requires some knowledge (as you probably know)(normal trading not just gambling or naked selling e.t.c.) btw: good beef jerky is not bad
Neither would I. But TST isn't aimed at you and me. It's aimed only at people with some trading skills but without enough capital to trade futures themselves. This is why it's so ridiculous of people in this and other threads (not meaning yourself, LL) to keep saying that you're better off trading your own account and that "therefore nobody should use TST". Of course a profitable trader is better off trading their own account, if they have the funds to. No big mystery about it: one really doesn't need to be Einstein to see that they're precisely 20% better off! But to try to twist that obvious reality into some kind of "fault-finding" against TST is just nonsense: those people aren't TST's market. (This is also why it's nonsensical constantly to claim, as Pekelo habitually, repeatedly does, that the fact that successful traders don't stay with TST for as long as a year somehow "proves" that it's all a scam and a trick of some kind. Of course they don't stay beyond the point at which they've made enough to establish their own account, and have enough margin not to need to give up the 20% indefinitely.)