If you have not heard of TopstepTrader before I recommend you go take a look. The quick explanation of the company is prove to them you can day trade and they will give you a substantial amount of equity and leverage to trade with.
If you’re like me you took the hard way to learn how to be successful at futures trading. I funded an account and started trading, within months I blew out my first account having ZERO idea what I was doing. Then its rinse and repeat. Sound familiar?
For a small cost or a fraction that it will cost you to fund and lose your personal account you can develop your trading skills, work on your strategy, work on discipline and personal growth when it comes to harnessing your emotions. A free simulation account is provided with data and when you’re ready choose a "combine" that suits your risk parameters and put it all to the test.
If you are successful, which means achieving the equity goal and staying within the rules such as daily loss limit, max drawdown etc. you will get a funded account and join the trading team at TST. Period.
I decided to take on the challenge to prove that with a winning strategy, the correct risk/reward parameters and actually learning how to read the market you can be successful. It took multiple combines and attempts at the Funded Trader Preparation. The most important thing was along the way it instilled discipline, I learned about my strategy, where it showed weakness and strength and how I needed to improve to become successful.
Was it easy to pass? NO. At one point I thought it was impossible, I would have a great day then a horrible day and break a rule and it would be over. What was this telling me? I have to be doing something wrong, their are people passing this program and I knew If I worked just as hard I could as well. I realized I needed to understand the rules and make a separate plan to pass the combine and get hired and that made me take a honest look at my own strategy.
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.