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)
I assume it scales up with the number of contracts, but when I looked for an answer on their Help pages I didn't find any mention of it, so I can't say for sure.
However, as you said, it wouldn't make any sense if it didn't.
They have quite a few funded traders now, and if you assume, as I do, that they really mean it when they say they are in the business of trading, then they are not going to shoot themselves in the foot in such an obvious way.
This could be a question to pose to them via email, if you have a real concern....
Perhaps @Hoag will see this and will provide a clarification.
I've also wondered about exactly this question, and felt the same.
Thanks - that makes sense, of course: however successful you are, overall, you wouldn't be able to build up your contracts/lots much, if permanently limited to (say) a $1,000 per day loss limit. I think there's also a hint, on the website, somewhere, that they're perfectly happy to "negotiate" with proven, funded traders. And they'd want to.
Yes, the daily loss limit can and will be adjusted for traders who are trading well and building accounts. The Funding Department works with traders to determine the best way to adjust leverage, trade sizing, and with adjusting risk such as daily loss limits.
Keeping expectations and risk in line are crucial when adding contracts to your trading strategy. Leveraging too quickly and hitting a downdraw would be deadly and we have the experience and advice to help traders tread these waters.
I hope this helps answer your question. Let us know if you have more questions or concerns.
Hoag
If you have any questions about our Trading Combine or the opportunity to get funded through TopstepTrader, please visit www.topsteptrader.com or contact us at [email protected] or 888.407.1611.
The funded traders are only removed for max drawdown if the max drawdown is hit. A trader who has equity to trade with would not be removed from the account (barring certain rule violations) as long as they still had risk or equity to trade with. Here is a link to the funded trader rules to further clarify.
As far as the traders succeeding, the possibilities are almost endless with the resources we have, aligned with the best profit split available, many choose to stay and continue to trade with us. If they choose to open their own account, we can help with that too.
As always, thanks for the questions. I hope this helps.
Hoag
If you have any questions about our Trading Combine or the opportunity to get funded through TopstepTrader, please visit www.topsteptrader.com or contact us at [email protected] or 888.407.1611.
From looking into this the cards are stack in Topstep's favor as they have so many rules.
If you trade the market within the open hours,why change it in here to only get those traders who while trading to miss that rule particular rule for markets.
One needs to know the rules and also the markets they can and can not trade and also the hours within which they can and can not trade.
As if trading is not hard enough that one has to learn their set ups and then remember the RULES and the rules of the rules and by that time its too late.
Oh yes then you will need to reset and while you paying the monthly fee.
So the big question is are they really giving you their money to trade when you eventually pass the combine or continuous....
Its money they have made from a whole lot of failed traders...
Topside always tells how many people have made it...Lets change that and show us how many people registered and haven't made it and continue to pay.
Real eye opener as how this system works now...So Mr Patak, a lot of questions have been raised here and confusion raised, so its time to simplify the rules and let traders trade within the Market open and instruments they are familiar with and not TOPSTEP to put in thousands of restrictions to only stack the odds in your favor.
@sharmas - Man I'm not sure what you are on about. It was clearly mention above by Bobwest it is not for everyone.
Their RULES are straight forward(like proper business plan for the trader) and it is simple enough. Are you complaining about it because you can't meet their rules and keep failing combine?
Their rule also says you get refund if you are in green and met their rules. Where is the problem?
Why don't you trade your own funds then or go to prop shop. There are plenty of them out there? Just show them your track record. It is actually interesting to read it when people going on about this company. Why don't you complain about other business's too? Are they giving you fare go?
The end of story is, if you don't like it turn around and don't bitch about it. Why don't you create online prop firm, I want to see your rules which will be implemented in that company.
lol
That's a parody of some of the earlier posts, right?
That bit about being expected to have a few trading rules, and to know what market you are trading and when it is actually open!!! Hilarious.
ps You'll see that I am working on a TST combine. I do sometimes get annoyed that I have to pay for the data and platform that the exchange/brokers charge for and I am not just given everything in life for free like I deserve.