Is THIS the Best Trading Opportunity of All-Time? | SUPERCUT 12

[@JWA-by3uo]

Topstep is first class. Great people and they do care

[@SteveWeber-gx7tx]

Topstep combine and payout rules are, by far, the simplest and best.

[@Masprofit]

First video ive watched in your channel. Really enjoyed it.

[@daVinciJoe]

One of my predictions is that larger investment firms like Schwab, Fidelity, etc will start offering variations of Prop Firm services.

[@bryonseilerXauBry0716]

Great podcast. Thank you. Im very happy that Im with Top Step.

[@chewie1355]

Thanks

[@Xeneon341]

Just curious. Isn't there a limit to scaling a live account? If you try to scale an account from taking 2 NQ contracts to 10 NQ contracts, won't the slippage alone negate much of the profits, esp. on scalping strategies? It seems that's why a lot of traders like copy trading simulated funding accounts because it allows them to avoid this very issue.

[@Masprofit]

yep. if you are copy trading 20+ accounts, and scalping with 1, 2, 3 contracts... you won't be able to replicate the same behavior by scalping 20, 40, 60 contracts on a live account.

[@Xeneon341]

@@Masprofit Yea, that's what I figured. I'm just curious at what lot size on the NQ on a live account will you encounter major slippage. Like 10 contracts?

[@stretch34318]

I have yet to see the advantage of trading in a live prop firm account over a funded sim account. If topstep puts you live with one account of buying power vs having 5 accounts of buying power as well as drawdown, who would volitarily trade in the live market with reduced buying power. CME wants prop firms to bring more volume to the live markets and most firms don't have any live traders at all and the ones that do don't transfer over your full buying power from your sim accounts. Not a problem most prop traders have, including myself but topsteps daily trader stats are showing improvements across the board for their most profitable traders.

[@utubeskreename9516]

Durrr. It's a BUSINESS. Not supposed to be some freakin Oprah "you get TEN THOUSAND DOLLARS AND YOU GET TEN THOUSAND DOLLARS....and then next month YOU GET TEN THOUSAND DOLLARS AND YOU GET TEN THOUSAND DOLLARS...then next month..." If perpetually paying out of SIM FUNDED PROFITS -- that's essentially what they're doing. At a certain point, as a BUSINESS, they want returns on the backend. That means the eventual next step is to put *vetted as consistently profitable* (that's what the whole Evaluation and TEMPORARY SimProfit accounts were all about) traders on Live accounts *with an agreement to part with a percentage of their profits*. Now the BUSINESS gets to make real money, while the trader gets to trade without having to earmark perhaps $10-15k+ of HIS OWN MONEY kept in a futures brokerage account (if you want to trade 5 contracts of NQ with only $2k (LOL) in available drawdown -- most brokerages would require between $7k-15k or more account MINIMUM for intraday trading).

[@TBond871]

And you actually believe those improving stats? The law of large numbers doesn't lie unless all humans have evolve to a new level. The prop' trading industry is essentially a predatory marketing business and there is little incentive to promote traders to a live account because most traders that get promoted will be demoted in a very short space of time. Most people cannot trade and that includes most of the prop' firm coaches who selling services on the side.

[@MugiwaraReilly]

⁠​⁠​⁠​⁠​⁠@@TBond871do you think they’re just fabricating stats? Risking their very profitably business just to draw in a few extra people? Yes, most props are predatory, but Topstep isn’t one of them. You have literally no clue what you’re talking about if you genuinely think Topstep is anywhere near the same as props like apex

[@MugiwaraReilly]

I mean they have to make money. If they can make money off their most profitable traders, why would they decide to instead, not only ignore the profit potential, but also pay out of their own pockets for every profit that their top traders make?

[@Caveman787]

@@MugiwaraReilly The business is designed specifically around you failing. It's how they make money. So no matter personal viewpoint they all are predatory by design.