TopStep Combine KIckoff
I've decided to do a TopStep Trader Combine (https://www.topsteptrader.com/) and document the process. Mostly to keep myself accountable. I've tried TopStep twice before and failed out both times, due to not paying enough attention and leaving orders in that executed outside of the time window allowed.
This time the main difference is that it'll be my only focus for trading. I won't be trading my own account and will only trade via TopStep. I'm going to treat this as a real thing.
My motivation for doing the combine is two fold:
To trade money that isn't mine. I have a very hard time holding on to winners with my own money and in general being very risk adverse. I'm doing the 50k Combine so it's not a ton of realized capital. 5 lots * ~$6K margin requirement = $30k, but with a $2k drawdown limit the actual risk capital is very limited.
To prove to myself that I can qualify under strict risk parameters then use that knowledge to qualify to trade significant amounts of risk capital for a legit proprietary trading firm.
In my next post I'll document my general risk parameters and then plan to post overviews at least a few days a week.