Hello traders, I have decided to try to become funded through an online prop trading firm called TopStep Trader. I am going to give you all some things to know if you are thinking about attempting the combine!
Firstly, Topstep trader offers retail traders the opportunity to trade with their money. They have different programs from Futures day traders, Futures swing trader where you can trade the micros, and they also have Forex programs. I am currently on my second attempt at the Futures Day Trading combine!
When trading with TopStep in the combine and in the funded environment, there are rules set up to help you succeed, break them and you will have to reset the combine! some of the rules include how many contracts you can purchase, a max daily loss limit, a trailing max loss, and when you need to close out your positions.
In order to start the process it will cost $150 for their starter combine. This allows you to trade in a demo account of 30k! If you can meet the profit target of 2k and not break any rules then you pass step one. Step two is similar but are given 15 days to pass similar requirements. Do this and you can become a funded trader. If you end up breaking any of the rules in one of your steps, it will cost you to reset and is $99 dollars per reset. They even gave me 50% off for the first one. (Pretty sure they give these to everyone that is new.)
So, how have I been doing? Well, I was doing great but still have some things to work on. I ended up breaking a rule on the 3rd day. The first two days went well and I had already hit the 2k profit target. On the third day I ended up losing $501 dollars because I was looking at my PnL and not the daily loss limit meter in the upper left corner of the platform( the loss limit at the top of the platform factors in commissions)! That is really important…..just FYI..lol. So I have just started a second combine and have a $400 dollar loss for day one.
I highly recommend and even suggest this as a viable alternative for traders who lack capital but are confident in their trading abilities. If you think that paying someone to earn their capital is too much, think of it as your skin in the game. You could just as easily blow up your own account!!! I will be placing my daily trades and logs into the trading journal so that you all can see how this works out. I am going to be pushing hard to make this work however long this takes.
If you are interesting in becoming the next funded trader you can use my link https://app.topsteptrader.com/refer/sign-up/a15259.