Nate__

1.9K posts

Nate__

Nate__

@StratNate20

#TheStrat since 2013 - Price Action abides by 3 core principles across all asset classes: Time Frame Continuity, Broadening Formations, Actionable Signals

Chicago, IL Katılım Şubat 2020
784 Takip Edilen819 Takipçiler
Tom
Tom@T3metrics·
What if you could algo trade #thestrat across any prop firm that allows bots? With defined rules for evals and funded accounts? That would be pretty cool. 👀
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Nate__
Nate__@StratNate20·
@Topstep I've gotten probably 15 payouts from Topstep in the last year. Every single one paid out within 2 business days of submission.
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Topstep
Topstep@Topstep·
Let’s clear something up. 99.26% of payout requests at Topstep YTD have been approved. The <1% that weren't? That’s typically fraud, hedging across accounts, or violations of the rules. If you follow the rules and earn it, we pay it. Simple as that.
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Marc Benioff
Marc Benioff@Benioff·
New: Slack CRM. AI on top, salesforce underneath. One pane of glass. 🤯
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Nate__
Nate__@StratNate20·
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...
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Emi 🇷🇴 | Futures Trader
Emi 🇷🇴 | Futures Trader@RomanianUSA·
I respect you because you are a pioneer in the prop trading space. I’ve been trading with Topstep since you guys used to do a two step evaluation and a “Pro” account before actually getting payouts. One thing I want you to keep in mind is that the traders you are trying to cater to spend maybe $500 a month at your firm, the traders that you’re pushing away probably spend 5-10k a month at your firm. We all know props make money from evals a lot more than they do from live traders splits. Hope you can solve this, I want @Topstep to continue being a top dog
Michael Patak@MichaelPatak

Question- if you blow 10 150k accounts w/ a drawdown of 4,500 max loss each for a total of $45,000 in trading losses in a day and let’s say your 11th account you make 5k profit is that good trading, curious if this is trading responsibly or not in your opinion ..?

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Nate__
Nate__@StratNate20·
@MichaelPatak With a $200 activation fee, it kind of incentives traders to quickly get to a sim account...
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Michael Patak
Michael Patak@MichaelPatak·
Question- if you blow 10 150k accounts w/ a drawdown of 4,500 max loss each for a total of $45,000 in trading losses in a day and let’s say your 11th account you make 5k profit is that good trading, curious if this is trading responsibly or not in your opinion ..?
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Nate__
Nate__@StratNate20·
@MichaelPatak agreed. just wish i didn't have to wait 8 days :/
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Nate__
Nate__@StratNate20·
@T3metrics We're writing less than 5% of our code now. It's insane how quickly building has become.
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Nate__
Nate__@StratNate20·
@reidhoffman They also cleared Jeffrey haha
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Nate__@StratNate20·
@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?
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Michael Patak
Michael Patak@MichaelPatak·
@itsryanrox @Topstep If you bomb the first 20% of the account you have performance issues. Hit same exact profit milestone you did in Combine and it unlocks another 20%. Grow the account. Be a prop trader. Take payouts along the way.
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ryan rox
ryan rox@itsryanrox·
Honestly @MichaelPatak should go to a priest and go to confession bc this rule is literally theft!! This rule alone should make u never trade with @Topstep Lose your live and forfeit 80% of the money u made...
ryan rox tweet media
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Nate__
Nate__@StratNate20·
It’s 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. It’s about transparency and predictability. @MichaelPatak
Michael Patak@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.

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Nate__
Nate__@StratNate20·
@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.
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Nate__
Nate__@StratNate20·
@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,
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Tom
Tom@T3metrics·
Uh. What?? Topstep moves you to live with only 20% of your account balance, and you have to hit milestones to unlock the rest?
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Nate__
Nate__@StratNate20·
@T3metrics wtf is this new? I just got called up today, I thought it was 100%
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Nate__ retweetledi
SpotGamma
SpotGamma@spotgamma·
Last weekend we wrote about the growing fragility forming beneath the market’s surface. The vol spams we observed this past week followed that script, with 0DTE activity playing a central role. Read our weekly insights: spotgamma.com/the-markets-0d…
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Nate__
Nate__@StratNate20·
@AskTopstep do you notify traders on why they aren’t called up to live? Would be great to hear from the risk team on what you need to do. 31 green days in a row, 5 payouts, 125k total pnl @MichaelPatak
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Nate__
Nate__@StratNate20·
@Timcast Pretty sure this is mostly related to P320’s prior to 2017. Seems unlikely but not implausible. Image seemed like a newer version
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Steve Burns
Steve Burns@SJosephBurns·
Jim Simons on why fundamental analysis will never beat mathematics:
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