Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Our rules are meant to teach discipline, and allow us to find disciplined traders. Therefore, it's the trader's responsibility to monitor their position sizing. Whether they do that manually or programmatically is up to the individual. Because not all platforms offer the tools you mention, we don't provide the ability for certain traders to circumvent or avoid our rules while others cannot.
The evaluation may not work properly if there are safety nets or bumpers on the rules for select traders. Hope this helps.
Our rules are meant to teach discipline, and allow us to find disciplined traders. Therefore, it's the trader's responsibility to monitor their position sizing. Whether they do that manually or programmatically is up to the individual. Because not all platforms offer the tools you mention, we don't provide the ability for certain traders to circumvent or avoid our rules while others cannot.
The evaluation may not work properly if there are safety nets or bumpers on the rules for select traders. Hope this helps.
Reading behind the lines of TST answer : " We hope you slip and reset account and we make money "
In funded account its enabled and they don't want to reinforce learned discipline for traders ?
Camon if you want to teach discipline unable the feature from live accounts too.
Totally agree about @chipps1983's point about putting it in effect for funded accounts. This is a feature that brokers often make available for their live accounts, and it can be a useful backstop for traders, much as a regular stop order can be. There is no reason not to use it if the trader elects to.
No opinion about trying to get traders to slip up and make money. You can assume anything you like about anyone's motives. The simple advice is not to use their program if you believe they are trying to harm you. Problem solved.
My view on the technical issue would be that the Combine is a very artificial thing, and any such feature probably would need to be put into place in software -- for example, by Rithmic, which is imitating an actual broker passing trades on to the exchange in the Combine via its simulation server. So it may or may not have the ability to implement it without software changes. In a real trading situation, including a funded account, it is up to the broker to enforce, so if the broker has this capability it is a non-issue. If he broker doesn't, then it isn't going to happen. But no software changes are required.
I am perfectly willing to be proven wrong about this, and have no particular stake one way or the other. But I do think that TST should actually expect that in a funded account, the trader might want to arrange with their broker to have a loss limit or position size limit enforced at the broker side. Since this is available to any live trader whose broker can accommodate it, it obviously needs to be available to the TST funded traders also, where the broker can accommodate it, just for competitive reasons.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I don't have anything against the business or the model. In fact, I see @TopstepTrader convenient and easy to process amongst the various prop firms out there.
It is their business and their rules since they are backing the traders with their money on the line. You are putting a monthly fee to get such a big account to try without putting your real money.