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TopstepTrader

www.topsteptrader.co..
Category: Websites

At TopstepTrader®, we fund traders. The Trading Combine® is an evaluation of your trading performance in a real-time, simulated account. If you meet the objective, you are eligible for a Funded Account™ with our trading firm. Funded traders keep 100% of their profits for their first $5,000, and an 80/20 profit split thereafter - an industry high.

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Modern style squawk radio
So the typical squawk relays what is in the pits. We all basically know there isn't anything going on in there it is on the screens. This is probably the first squawk I have been apart of that created a trading floor atmosphere using a chat room and talks about what is happening on screen. I traded on the floor about 10 years back. A lot of back and forth goes on in the pit amongst other traders. Helping each other out so to speak with info.

I truly enjoy the team trading environment and hearing a broadcast.. I am in the energies room where there is about 70 other crude heating oil or nat gas traders. Some are backed by topstep some are getting evaluated to get backed and some are like me using it for a place to get info and hear what other are saying.

I am hearing the trading floor which is nice since I trade in my home office and it is quiet except for the rerun crap I have on cnbc and my 5 year old that runs around with the neighbor boy. ha. but what I really like is all crude traders are in one room or what they call pits and we discuss trades and setups in real-time as the day unfolds. It helps me and may help you..

good luck in trading.

T

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A great tool in teaching Discipline
Hi traders,

I have blow up 2 accounts trading.. One in forex and one in futures. This is the best place I have found that actually teaches a trader to shut it down and manage risk.

I also read the disciplined trader and other books on discipline. I have always told myself and read that the market pays you to be disciplined.... On my two prior blow up accounts 100% of the reason was my stubborn trading. TST has helped me manage this and get me on track. Their loss limit, (which you can not hit) has help me learn to know when today is not my day and preserve my capital, thus enforcing discipline..

I def. recommend to anyone. The added value to the education is they back those that meet their scouting criteria.. the criteria is basically disciplined principles to follow to manage an account day after day.

Take it from a wounded traded I have learned the hard way (lost over $50k and spent $10k on education prior).. don't throw your money in the market unless you know you have discipline and can manage it. Thinking and knowing are different btw :)...

Cal_pete..

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Stay away
I want to start off by saying that I completed a few combines over the summer after graduating college. Only once was I close to meeting the profit objective, but never paid for combines as I always met the amount needed to receive your money back. I found a job with a separate prop group which opened my eyes to how poor the top step program really is.

The program itself looks attractive as the parameters you need to follow are not as strict as they used to be. They now offer various options regarding your account size, contract limits, and daily loss limits.

First off, trading on a simulator is 100% pointless if you ask me. Sure, these traders say, "well, I'll just trade the same way live as I did in the combine." Baloney. When there is real money on the line, you are going to feel the pressure. There is no way around it. The simulator fills are NOTHING like the live fills. (Nebraska has said there really is no difference which is BS). If I remember correctly, their biggest traded products are ES and CL (Emini Spoos and Crude). Those two products, program traders are the biggest market participants. The chances of you actually making money when you go live trading only 5 lots are so small compared to your competitors. Another question you need to ask yourself, how many of these "live" traders are actually making good money, as in enough to make a decent living off of? If you average $300 per day, assuming you trade 250 days out of the year, after the profit split and taxes you will probably be able to keep less than $33k a year. Not worth it for your time, if you ask me.

Other questions you need to ask yourself. Nebraska doesn't even trade anymore, yet he gives advice on how to trade. If he was truly a great trader, he probably would not have started up this shop. This leads me into the next part about the broadcast and staff.

First of all, the broadcast is a complete joke. You are better off paying for a ransqwuak subscription to get information. Eddie seems like a nice guy, but he is no better than Jim Cramer on CNBC... his main job is to entertain. He was a filling broker in currencies on the CME floor, not a trader. Same thing with Hoag. Hoag does not trade and his price analysis is not that great, you should be doing your own analysis anyhow. People also think its great they are on the floor at the CBOT and hear things faster than others. If you have ever worked or visited the floor, you will know that besides the meats, there is absolutely no paper that comes through the futures pits.

All in all, I do not recommend TST to anyone. The only real thing you will get out of their programs are bad habits.

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who does these people think they are?
they give unrealistic perimeters, and make people pay to try out for a 50,000 account with a stuipid daily lloss limit,

UNREAL

FAKE

RUN

DO NOT PAY ANYONE TO WORK FOR THEM!!!!!!



TIMES UP MIKE PATAK

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Mike Patak Aka Nebraska Is A Scam
he has you paying for some job that never happens, they have many people have paid over 1000 and never able to pass the exam or the combine, all topsteptrader does is make money from the combines, and challeneges,

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interesting
Here is my experience . I tried them out for several months . I did the 4 week combine 3 or 4 times . I was unsuccessful in making money with those regular combines . OK , no surprise there . It's not easy .

In the chat room you see about 120 users logged in and 4 or 5 of those are Live traders . Unfortunately I wasn't paying attention if those Live traders were constantly the same ones or were they different every time . As you may know , many Live traders don't last long and are sent back to the combine . Anyway , as you can see , the percentage of traders who make it live is very small . The odds are not good . And probably even those that are live , the percentage of them that stay live is unknown .

The chat room itself is completely useless . There is no market opinion or advice coming from the moderators at all . It is just a lot of chit chat about the weather and stuff . The traders in the room try to make predictions etc. and to show off but if you have been watching the market for a long time like me , you would know that is best not to listen to anyones opinion ; it just ruins your own system and judgment and they are only right 50%. But you are required to log into the chat when trading . The way they explain it , it is because they need their equity partners to see how many people are there . I found the chat room annoying because it was of no use to me whatsoever . They were constantly trying to sell stuff in the chat room like psychology of trading classes etc.

OK , so the 4 week combines have a daily $1000 loss limit . For me , I felt this was the obstacle to profit . If you buy 5 contacts , all it takes is 3 points move to knock you out . And I was looking to catch some good moves when I am sure of the trade ; i am not a scalper by any means . I can't find a trade i like every day . They happen 2 times in 2 weeks if I am lucky .

Then after I failed 3 or 4 times , they introduced custom combines with $3000 daily loss limit and 15 contract limit . On my second attempt on this combine , I was able to achieve the profit objective on just one trade . Their website says they WILL give you a live account if you achieve the objective . However , at the end of my combine , they said that even though I met all the requirements and objective , they need to see more consistency and that meeting the objective only gets you reviewed . The next combine , I wasn't able to find a trade .

In conclusion , I would say that it is impossible to make the profits they are talking about every single month . Not with my trading style for sure ; I am looking to catch a few good moves a year . If you look at the number of traders they have every month , they are making around $200,000 a month . They don't need you to trade live for them ; they make 99.9% of their money from the combines . This is fact for sure .

So sorry if I sound like a sore loser but this is the way I see it . Of course you are going to try it out no matter what I think anyway . I did learn a few things about the market by practicing with them and I think I can bring something from that to my trading ; so that part was worth it . I give it 2 checks for Education because I learned something from it but I didn't learn anything from them directly .

If you are already experienced and can make $18,000 every month with 15 contracts limit and $3000 daily loss limit in your practice account , then by all means join topsteptrader , pass the combine and start trading their $150,000 live account !

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One of the most educational experiences I have ever had
TopStep is a great forum for education and experience for anyone looking to attempt trading the futures markets. It has been one of the more rewarding things I have done in my life.

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Great Place to help take your trading to the Top
Hi! I am a Futures Trader. I am new to this website and wanted to share my views about Topstep traders where I am enrolled in the combine. Recently an Interview with the founder Mike Patak was posted on this and other websites. I believe it will be useful and helpful to all beginning, intermediate and experienced Traders

Trading is the most exciting and challenging career and demands the best of business and sports qualities.

I recommend Topstep Traders and list below 10 important reasons to use the combine and shorten the learning curve in the ruthless, but rewarding and dynamic world of trading.



1. Edge: Use the TST combine to find, practice and sharpen your edge.

2. Discipline: Take the combine opportunity to test your discipline. Because, without discipline you cannot be a consistently profitable trader.

3. Chat room: Learn, see, observe, watch what other traders are doing. Listen to the interviews of real traders. Avoid the boredom by listening to the live commentary mixed with entertainment and humor.

4. Protect your Capital: Use the combine to know if you can trade profitably before risking your money.

5. Risk management: Learn to manage risk by following the scouting evaluation form, helping you to overcome the limitations and weaknesses before you trade with real money and know your strengths in the process as well.

6. Funding: If you are confident and good at trading, but do not have the capital, complete the combine objective to attract and get the Equity Partners to fund your Trading venture.

7. Market: Experiment with different futures markets like Indexes, Gold, Crude, Silver and other markets to find your personality match.

8. Compete: Enter the combine to compete and measure your progress with yourself and with other traders.

9. Help: Use the coaches, other traders to help you to understand the market and shorten your learning curve.

10. Psychology: Use the Intuitive development program, Market therapy, drill a Scout sessions to understand, unravel, demystify your own reactions and behavior to market conditions. In the process help yourself to become a better trader and human being.

obswatch

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Valuable futures trading tool providing riskless experience
Topstep Trader is a very valuable tool to get experience in futures trading. I am a recent college graduate and have been applying for jobs and wanted to explore futures trading. The combine at TsT has allowed me to experience futures trading without risk of losing my own money. I have been learning about charting and how markets move. The daily chat room available to everyone at TsT is a valuable tool to ask questions. Questions will be answered by other traders and some will be answered by scouts in the room. The chat room has entertainment value as well as you wait for a trade to develop, allowing me to not rush trades just because of boredom. So the value of the whole program: Valuable experience in futures trading without risk of loss while being joined by a community of traders in the chat room lounge that you can talk to or listen throughout the day, providing entertainment and valuable advice.

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Bdmvw9 St. Louis, MO

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Great Low Risk way to see if Trading is meant for you!
TopStepTrader is not your Avg Prop Firm. They are here to attract and foster talent.

They put people through Real-Time simulated Trading. However the difference is, it is monitored and there are automatic stop placements put in play. Once you clear the profit goals within their parameters you get funded a Live account with up to 80% profit share to the trader.

There is no "risk deposit" or "capital contribution". Once Live, all losses absorbed by firm. You pay a monthly fee for data and software that most other firms would charge anyway. Take a look at how much it costs for Esignal/Qcharts/Tradestation. However in addition to the trading platform and charting you also get access to a very informative chatroom where newbies and vets alike share ideas and trading plans with Live Squawk Box as well. They've even brought professional trading psychologists and vets to help the traders with most difficult aspect of trading - the mental game. Not only that the monthly fee is REFUNDABLE if you manage to hit 3k in simulated profits. You can rollover the fee towards the next month's Combine. I dare anyone to find anything similar on the web, please let me know if there is!

This by no means is meant for everyone though. There is still a high degree of difficulty of trading. This is in no way a get rich quick scheme. Trading is simple but NOT easy. You still have to be fairly intelligent and VERY disciplined. It's a low risk way to see if trading is meant for you. Sim trading on your own computer is a bit of a joke as most people cheat or don't stop out when they are supposed to or double down when they shouldn't. TopStep keeps you in check and monitors your trading. They are the Risk Manager most retail traders need. Set reasonable and attainable goals. Don't get greedy.

You get the whole gamut of futures trading available from the big ones like the YM, ES, NQ, CL, 6E, GC and more. Focus on two markets. You get up to 5 contracts to trade but most people should probably stay within 3 contracts. Stick to the game plan and prove you can trade. Find the right market that fits your personality and stick to it!

The T4 platform though not the prettiest platform is very efficient. It has handled data way better than Ninja on some occasions.

I know for a fact they have helped me become a better trader. It has not been an easy road, and I wish something like TopStep existed years ago when I first began. It literally would've saved me thousands upon thousands of dollars.

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