#TheStrat since 2013 - Price Action abides by 3 core principles across all asset classes: Time Frame Continuity, Broadening Formations, Actionable Signals
๐ฎ Topstep had desks on the floor in 2010 about 4 rows in front of this and right outside the S&P pit โฆ Ben Lichtenstein ran Traders Audio which provided live audio commentary directly from the trading floor. This is an epic listen. ๐ง ๐ bananas still gives me chills
Agreed. The issue I noticed when going live is that it doesnt match the eval process. I spent 30+ days trading a sim account that's now a totally different structure than live. Now you're required to trade different size and product to hit the pnl you want. You could argue that "hey just practice more until you get more BP to get to the size you want." But that's the point of the sim...
@MichaelPatak@itsryanrox@Topstep@itsryanrox - well, it's also technically not your money. you paid $200 for their buying power. if you don't like it, or cant trade without losing 20% of the BP, trade your own capital?
Itโs more about the surprise. I waited a week to get the call up to live invitation, opened other XFAs, made another 15k in the pre-live account. And then out of nowhere the rules change the day I get called up. Itโs about transparency and predictability. @MichaelPatak
This is False. We do NOT have intraday trailing ANYTHING... Daily Loss Limits have always been in Live Accounts. NO Change there. Daily Loss limit is a loss limit set on the account for the day.. if you are down on the day NEVER does it bust you out of a winning trade. Hard Stop.
@MichaelPatak Why the change in Starting Live Account balance? I'm now incentivized to have 5 XFAs and rotate payouts between them? The size and scale of the starting live balance is incredibly small. I'll have to make 5x the amount of trades in the live account to get to a similar 20K/month payout.
@T3metrics i now have no reason to go live...i'll just keep 5 accounts active and take daily, rotating payouts and kill the 5th one before eligibility,
Last weekend we wrote about the growing fragility forming beneath the marketโs surface. The vol spams we observed this past week followed that script, with 0DTE activity playing a central role. Read our weekly insights:
https://t.co/dk6msUfBLw