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Well, actually it's the same with TST. You do not get a reset with your monthly fee, resets are something different from the monthly fee.
I think that all these funding companies are very hard to trade for.... personally I have been funded 3 times and blew up the account 3 times. However the fault is completely mine.
Consider that on 150K account you have a drawdown of 4500USD which for micros is equivalent to a 45K drawdown using minis.
The problem is that we all want to make 9K in one month or even less.
If you are fighting for consistency and you want to make 9K in a month, with a max drawdown of 4500, basically you want to double your money in one month.... which can only be done if you forget consistency.
So for me these funding companies are really the real deal BUT you must understand how to manage risk and leverage and this is extremely difficult.
That's incorrect. If you blow TST limits your account is reset on the date you pay the recurring monthly fee. ?You can reset it sooner for $100 if you choose - I agree 100% with the rest of your post.
It used to be that if one failed Topstep Step1 close to the re-billing date, then the trader could cancel the subscription, practice till the end of the month then buy a new Combine and save $99.
But when in Step2 that couldn't be done as cancelling the subscription would take the trader back to Step1 so the reset always had to be paid.
It was good when they changed that. It is nice to have the option not to pay the reset fee for those who choose to spend the rest of the month practicing and working through the issues that just caused them to fail, before then having a fresh attempt.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
A reset is completely independent of your monthly fee and can be purchased at any time without ever affecting your billing date. Additionally, if your Trading Combine® account has a broken rule at the time of your monthly payment being charged your account will reset automatically for no additional fee.
Wow!! that's quite interesting, I didn't know that.... I think it's something they might have added recently because I was completely not aware. Thanks a lot for sharing.
Thank you for the info! Extremely appreciate it.
I am going to go with LeeLoo and trying out their Glide program with the static drawdown.
I’m debating on TST. I was against them with the 2 step trial evaluation. I like the one step of others but maybe it’s not that bad and TST worth going for.
Instead of E2T and OneUp the other options I’ve seen aside from LeeLoo and TST there is UProfitTrader and ApterosTrading. I am considering Apteros as their parameters are $50K account to Tryout, Goal target is $10K and max loss is $4K. No trailing drawdowns or anything else. Just make $10K before losing $4K. Once funded your max loss is $4K. Payouts are done quarterly. Their fee is $315/mo. No other options. Anyone ever go with them? I like the straightforward rules of Apteros but the monthly is a bit high. You have to trade a minimum of 30 days so it will be a minimum of 2 months payment. $630 if you pass it within the first try. 30 days to make $10K and not lose $4K.
The other I just came across is UProfitTrader. Don’t know much about them.
I think Apteros sounds good too. Especially the reduced round turn costs when funded at $1.22 for the ES compared to $4.26 with Topstep funded ( https://www.apterostrading.com/prop-desk ).
It also sounds like you actually getting mentoring/guidance/support once funded whereas with Topstep or most internet funding firms there seems to be very little support for traders.
The only thing I don't particularly like is the quarterly withdrawal policy. I would prefer the option of being able to withdraw monthly.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden