Props should just be upfront with lifetime payout threshold before traders either banned(hopefully for 6 months) or sent to live. I’m pretty sure everyone would still spend if they knew what was their goal …
Why is this a bad thing ? I appreciate the correction made by @Topstep to curl what was going on in metals and yoloers. Not a huge fan of the new live program, being It’s one of the main pros that placed TS head and shoulders above all comp but it’s still number # 1 and self preservation is necessary for the firm. As long as TS doesn’t pull traders to live before the payout caps and Topstepx runs smoothly… yall will stay 1st in my book.
Calling XFA profits “not earned” doesn’t sit right with me…
Most traders fail because rules exist.
The traders who adapt to them develop real skill.
Passing, managing, and paying out repeatedly under restrictions is the whole game.
That is performance.
The new changes to Topstep are pretty embarrassing for such a large firm that was essentially first to market.
Moving to Live should be a privilege not a handicap marketed as a privilege..
When you buy an account with specific transition rules given when you move live, if you change them, you need to only apply that to accounts purchased AFTER the new live rules.
That IS a retroactive change on what a consumer was buying and led to believe the end goal would be.
Pretty messed up to change the rules for anyone that currently has xfas or purchased evals.
The new live rules should only be active for NEW PURCHASES.
Existing xfas were purchased under the hope of making it live with the large balance that’s always ONLY been possible at topstep. Changing that rule for existing accounts is a rug pull and RETROACTIVE rule change.
Saw someone with 130k profit he made based off the rules at the time he purchased accounts, so he has to forfeit profits for rules CHANGED weeks later.