I thought this warrants it's own thread as the other one become more like a personal journal and the threads on other forums are full of opinions rather than facts making it hard to find the real info needed to decide whether Topstep Trader is right for their personal circumstances.
Mods feel free to merge or delete if you don't feel we need a separate thread.
I will not be giving any personal opinions, just writing down all the facts of the process I have been through thus far after passing the combine. I will highlight any conditions which are not stated on the website to allow people to make a more informed decision. In the case I highlight something that is on the website that I just missed, let me know and I will adjust.
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Just for information, here is the other thread the passed combine:
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Email after passing, additional conditions not stated when you sign up in bold:
"After reviewing your Combine performance, the equity partner is prepared to provide you with a funded trading account pending your performance in the Live Trader Preparation. Your account parameters will be identical to that of the funded account. Use this time to get comfortable with the transition.
Duration: Until you have established profits greater than $1,250 (minimum of 10 trading days required, maximum of 60 calendar days)
Starting Balance: $0
Max Position Size: 5
Per day: $1,000
Per calendar week: $1,000
(The weekly loss limit is the maximum amount you may lose at any point in a calendar week (Monday through Friday). The weekly loss limit is factored based on the SUM of the overall end of day NET P&L in the calendar week.)
Max Drawdown: $2,000 (account may not drop below -$2,000)
Products to Trade: 6J and 6A
Trading Hours (in Central Standard Time): (to be discussed on scout call)
Profit Target: $1,250
Adhere to the following rules: (to be discussed on scout call)
I will not hit my loss limit (per day or per calendar week).
I will not hit my max drawdown.
I will not add to a losing trade.
I will adhere to the agreed upon trading hours.
I will close my position(s) by 3:10 PM CST.
I will not hold a position into the electronic close.
At the start of my day I will trade only _____ lot(s) and will only add to my position or increase my size if my total Net P&L is greater than $500.
I will stop trading for the day if my total Net P&L is greater than $500 and my total Net P&L has pulled back 50% off my high watermark (realized Net P&L high of the day).
If my total Net P&L is negative for the day, I will stop trading if I experience ___ losing trades in a row.
My largest winning day will be greater than my largest losing day (realized end of day Net P&L). (Enforced after 10 trading days)
I will have a winning day percentage greater than 40, in the event that I hit 50% of my max drawdown (realized end of day Net P&L).
You may be eligible to revise the above listed rules on your Scout call.
When you complete the Live Trader Preparation period, you will receive a refund for the Combine deposit you previously placed (if applicable)."