TopstepTrader

Discussion in 'Prop Firms' started by TopstepTrader, Jan 4, 2017.

  1. Xela

    Xela


    I agree with what you said about that, anyway.

    Clearly their target market is people with some trading skills and some genuine understanding of risk-management, but without enough capital to trade futures. And whereas there may be some fitting that description in the US, too, there are obviously quite a few in Eastern Europe, where average incomes in many countries are really low.

    People earning $300 or so per month aren't ever, realistically, going to be able to save up enough out of that to trade futures, however good their trading skills, are they?



    Well, please excuse my making (or repeating) one about slightly faulty information, then, but TST was offering funded traders only a 12-month deal, the last time I looked. Besides which, with the trader getting 80% and TST getting 20%, after one successful year, who's ever going to need them for a second year? So why would anyone ever have been funded for 5 consecutive years?? [​IMG]

    I'm not trying to have a go at you, at all. I'm "just saying" that plenty of people seem to criticise TST, explicitly or implicitly, for reasons that actually don't have much to do with what they're offering and how their deal works, at all.



    It's like the damn Hotel California ... [​IMG]
     
    #51     Jan 29, 2017
  2. Pekelo

    Pekelo

    1. Supplementary income. Not everyone's goal is to make millions, after all some people are realist. If the trader is happy making some extra money, (specially if that little money means a lot in his country) why wouldn't he stick with TST for years?

    2. I am sure they can extend the contract. If both sides are happy, why would they not? TST never said "only for a year".
     
    Last edited: Jan 29, 2017
    #52     Jan 29, 2017
  3. Xela

    Xela


    Because he'd be giving up 20% of his profit unnecessarily.



    You're 'sure', but (please excuse my mentioning that it's also "like a few other things around this subject that you've been 'sure' about in the past"!) you're actually mistaken.

    They DID specifically say "only for a year": it was part of the agreement - at one time (I have no idea whether it still is). Again, nothing personal, Pekelo - I'm simply correcting factual misinformation, here.
     
    #53     Jan 29, 2017
  4. algofy

    algofy

    @Xela you remind me of nodoji...do you know her?
     
    #54     Jan 29, 2017
  5. Xela

    Xela


    I'm afraid not. I remember reading her posts (and "liking" quite a few of them), around the time I joined the forum, but I think my membership here didn't overlap with her posting for very long.

    After a while I didn't see her around the forum, and later I saw a comment from someone else to the effect that she hadn't posted for ages (which was apparently true: I just hadn't realised it).

    My impression is that she was/is mostly or entirely a price action trader (as I am)?

    I think she was in America, somewhere? I'm in England.
     
    #55     Jan 29, 2017
  6. algofy

    algofy

    Yes she liked beggs, volman, and brooks. Also didn't allow incoming PMs.
     
    #56     Jan 29, 2017
    Xela likes this.
  7. Xela

    Xela


    Ah well, that explains why I remember liking her posts, probably. Together with some of Joe Ross's stuff, those were really my formative influences.



    I see ... that's curious. There was once someone (in another forum) whom I wanted to contact, with whom I seemed to agree about absolutely everything, but he didn't allow them, either: quite annoying!
     
    #57     Jan 29, 2017
    algofy likes this.
  8. Pekelo

    Pekelo

    Are you saying they PREFER not to have the traders working for them for more than a year? That is different than having a contract for 1 year. I think you just mixing up the time limit of the contract and TST's wish.
     
    #58     Jan 29, 2017
  9. Xela

    Xela


    No, of course not: I'm saying that clearly nobody would have to, or want to anyway.



    TST's imputed "wish" has zero relevance, here, if you think about it - so I think you've missed the point. Sorry.
     
    #59     Jan 29, 2017
  10. Pekelo

    Pekelo

    I am getting really bored with this discussion...

    So you are saying plenty of people want to be a funded trader, but only up to 1 year. Perfectly makes sense, in a Xela way.... Anyhow, the conversations isn't fruitful....
     
    #60     Jan 30, 2017