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BECOME A PROFESSIONAL TRADDER - Earn2Trade -Futures Trading

TopStep

Cost

$120 - $280

Instruments

Futures

Multiple Accounts

- Single step evaluation
- Career Program Provides best value opportunity in futures trading

Days to Funding

8

Package

Ninjatrader, TS Trader, TradingView

Highlights

Established name, started in 2012, simple two-step process, 14-Day FREE Trial

My funded futures is of of the best futures funding opportunity. It offers a risk-free way to trade live capital in many asset classes. Topstep makes trading an identity by transforming it from an activity into an identity through a mindset shift, clear rules, and a unique approach to success.

Trading is a way of life, a set of rules of conduct, and a mindset toward all aspects of your day. Topstep is passionate about helping customers achieve real, repeatable success in the financial market. Trading is much more than an activity. We have seen the results of people who don’t follow the rules and the mentality. They fail. This is not the way for the faint-hearted, but it is proven to make traders professional.
While TopStep has been offering both Futures and Forex Trader Funding programs, it has recently abandoned Forex Trader Funding program and is only offering Futures. Company has perhaps realized its stronger side and is focusing on it.

How Does Topstep Trader Work?

TopStep Trader programs seem to be different from others due to quite a few factors. First one is how long they have been around (over 10 years now). Next, the founders of TopStep are traders themselves and know what it takes to succeed in the trading world. This alone has helped them build out the frameworks necessary for new traders to have the highest chance to become successful.
TopStep trading exam or Trading Combine is a two-step process where traders prove they can follow trading rules and risk management parameters necessary to help develop cornerstone skills for any profitable trader. Upon completing Topstep Trader Combine, traders will be presented with multiple Funded Account options.
Topstep has recently revamped its program to allow skilled traders to achieve the funding stage as quickly as eight days. Previous funded programs required two steps with a minimum of 10 trading days in each step. If markets are not ideal for your trading system’s success, no worries, you can trade as many days as you would like as long as no trading rules are broken.

How does Topstep Trading Combine Work?

The Combine is a two-step trading exam; you need to meet profit goal requirements while following all the rules in each step. There are three different program sizes 50k, 100k, 150k. There is no maximum days of trading set by TopStep, however there is a minimum of 5 trading days that you must accomplish in order to qualify for funding. Also, your best day cannot exceed more than 40% of total profits made.

Buying Power: $50K

Price

$165/month

Profit Target

$3,000

Max Position

5 Contracts

Daily Loss Limit

$1,000

Weekly Loss Limit (step 2)

$1,000

Trailing Max Drawdown

$2,000

Buying Power: $100K

Price

$325/month

Profit Target

$6,000

Max Position

10 Contracts

Daily Loss Limit

$2,000

Weekly Loss Limit (step 2)

$2,000

Trailing Max Drawdown

$3,000

Buying Power: $150K

Price

$375/month

Profit Target

$9,000

Max Position

15 Contracts

Daily Loss Limit

$3,000

Weekly Loss Limit (step 2)

$3,000

Trailing Max Drawdown

$4,500

TopStep Trading Combine Step 1

Prove Profitability
Profit Target – profit amount that needs to be reached to advance to the second step of trader funding combine. You can take as long as you need to reach this goal and advance.
In the first step, you can trade maximum position size right away, either all in a single futures product or across multiple instruments if you would like. You do not have to use maximum leverage at all times and can trade as few as one contract.
Daily loss limit – your losses for a single day can not exceed the daily loss limit (open loss + trading commissions). If you exceed the maximum loss limit, you cannot qualify for the second step of the real time simulated accounts for trading and have the option to reset or start over.
Very important TopStep features END OF DAY drawdown, meaning the Drawdown does not trail until the trading day is complete. This is a significant advantage over loss limit trails opened and closed P&L intraday programs. Daily Drawdown is designed to preserve capital. Having a bad day in the markets happens to absolutely everyone.
Top Step Trader experienced traders behind the program feel it is important to have a daily loss limit. Walking away for the day when things aren’t working is an important skill to develop. It is not uncommon for a trader who starts the day poorly to chase or make up losses, frequently by abandoning trading strategies and taking unnecessary risks.

With the Daily loss limit, especially new traders start to develop risk management and learn to walk away from bad days. Step 1 is pretty straightforward: start establishing good habits and building profits. Upon reaching the profit goals of the first step, you will be automatically advanced to Step 2 after the end of the day.

Trading Combine Step 2:

Manage Risk
Step two builds on what was started in the first step seeking to learn more about what it takes to be a steady risk manager and profitable Trader.
In step two, you start with the same virtual balance as the first step. You have the same profit target of 3k, 6k, or $9000 based on your selected account size.
There is no longer a minimum required several days to trade or deadline. Can trade as long as necessary to achieve the profit objective. The funded account can be achieved in as little as three days. Traders have to ensure that no trading day in the second step accounts for more than 40% of the profits.
40% best day profit rule – measures traders’ ability to manage risk and make repeated profits before heading into a live funded account. Topsteptrader team believes setting a daily earnings goal gets you in the mindset of a professional trader. It is not considered a rule violation if the best day exceeds 40%; the Trader has to keep Trading and accumulating profits until the best day accounts for less than 40% of profits.
Weekly Drawdown – maximum account trader is allowed to lose in a calendar week; this is another large loss prevention measure allowing traders to mentally recover from losses and give it another chance next week. Step 2 weekly loss limit is EOD – updated at the end of the trading day.
Economic Releases – TopStep requires traders in Step 2 to be flat for major economic releases. There is a calendar of major new releases provided and updated by the trading company. Having positions during the 1 minute before thru 1 minute after economic release is considered a rule violation. Significant market spikes can occur during FOMC meeting minutes or Crude Oil inventory releases.
It is best to learn to be flat for these events until further in Trading. Typically liquidity significantly dies up, and any stop losses can be magnified by very significant slippage. It is best to learn early on in a trading career to avoid having positions during very volatile and low liquidity situations.
Scaling Plan – you are advised and required not to use the full available leverage right away. TopStep team believes it is best to increase profits before upping the leverage. Therefore, the number of contracts available to trade is updated at the end of each day until the maximum allowed leverage is unlocked halfway to a profit goal.
Complete both steps within the rules, and congratulations! You are a TopStep Funded Trader! Funded traders have been paid out around $4,000,000 in profit sharing for 2021.
Thing to note: you can buy Trading combine with a credit card, however, you cannot fund a trading account with them.

Review & Ratings

Trustpilot

DayTradingz: 4.5

Forex Broker Report: 4.7