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From what I understand, once the 70% and 80% are reached, that's where the trader stays even if the equity goes back down a bit. For example, if I start with a $50K account and grow it to $80K, I reach 80% status. Then if I lose equity and go back to $70K, I still can take profits at 80%. If someone from TST could confirm that would be great, but I think this is correct.
By nature I am a very cautious investor. I want to know what I am getting into before jumping in. When I started looking at Top Step Trader and running the numbers I decided I needed a global view of all my options to make my decision. So I created a …
Thanks Hoag; also, wanted to thank you for a couple of really nice webinars, I really enjoyed the one last week with Greg W., very practical and actionable.
I noticed looking at lists of funded traders that most seem to be trading the more volatile instruments (eg, CL rather than ES).
I wondered if that showed that CL was easier to trade than ES, but then realized that their profit targets and contract size limits don't vary at all with the instrument's volatility - which seems to be ignoring fundamental differences both in the instruments and in the way people trade them.
The benefit of trading (e.g.) CL vs ES is that you can get many more ticks per contract from average moves, while the benefit of trading the ES over the CL is that you can trade more contracts. A performance metric that maintains the same ticks per contract regardless of instrument, seems to greatly favor the more volatile instruments.
Yes I remember reading this, and it always made me feel good about trading CL, that I was trading an "efficient" instrument. But that is no reason in and of itself to trade an instrument. Likely many people trading CL would do better with something less volatile, but if someone is trading it and doing well, then more power to him!