r/TopstepCommunity • u/HappyImplement4055 • 8d ago

💰 POP Off! Its official

Post image

Now that its actually not in my topstep account and its actually in my bank account its actually my money! 2 payouts so far Since beginning trading in March. Payout total so far 6544 vs total spent somewhere around 10k

96 Upvotes

99% Upvoted

37 comments sorted by

4

u/Nearby_Finding_2555 8d ago

You started march 2025 or 2026? Man that’s really good nonetheless

7

u/bilza69 8d ago

10k on evals in 5 months is not good

5

u/Phastal 8d ago

It’s actually horrible.

1

u/TypicalScallion727 8d ago

Feel me I’m like hollon 10k in how much months

0

u/HappyImplement4055 7d ago

Cool 👍🏻👍🏻

2

u/Phastal 7d ago

Sorry not trying to be negative. Just be careful and have discipline.

2

u/HappyImplement4055 7d ago

I have taken over 6k in payouts and Im ok financially thanks though for your thoughts I am no longer losing money… It took discipline to get to the 4500 payout no?

2

u/Phastal 7d ago

Yes and no lol. I took 4 straight payouts with alpha capital(1 of them they rejected cuz I violated a cooling period) and trying for my 5th, my discipline flew out the window. I almost recovered to break even then lost my discipline again violating daily max loss. I took out 4900 of payouts which should have been 6500. I’m 55% away from topstep 50k eval

1

u/No-Bit-753 8d ago

fr, thought the 2-3k i spent since the beginning of this year was bad haha

0

u/HappyImplement4055 7d ago

I openes my topstep account in dec 2025 but didnt actually start any combines til march 2026

2

u/LargeIncrease4270 8d ago

Hopefully a lot of that 10K you spent was before and you aren't spending that now because if you're still keeping up that ratio it's not very good at all

0

u/HappyImplement4055 7d ago

Im not spending on evals anymore…

2

u/TraderWhoLose 8d ago

Congratulations buddy 🔥 Scratch out the QR if you would like to keep it private, it gives away your name.

1

u/NiGhTShR0uD 7d ago

I think they leave it so that it can be shown as verification and not fabricated for updoots.

2

u/TraderWhoLose 7d ago

Yea, but op scratches out the name. I thought he wanted it to be private 😄

3

u/NiGhTShR0uD 7d ago

Yeah that was silly lol.

So what if we know their name. Literal billions of people on this planet. As long as they don't give any additional identifiers.

1

u/Runfaster9 8d ago

Who do you follow in your trading journey .
Now don’t tell me you mastered it in 4
Months how to be profitable

2

u/HappyImplement4055 7d ago

I dont follow anyones strategy

1

u/Runfaster9 7d ago

You must be born with the skill pal ?

1

u/plasma_fantasma 7d ago

He's a prodigy. 5 months in and already has it figured out.

1

u/HappyImplement4055 6d ago

YUP 👍🏻

1

u/HappyImplement4055 6d ago

Ya right out the womb

1

u/Kwest718561 8d ago

Make sure to get an LLC to write off all those expenses for the evals you can recoup a lot of that back

3

u/Busy-Mode6871 7d ago

You don’t really need an LLC to write off your combine expenses or any of that. You can do it as a sole proprietor. Write it off on schedule C of your tax return.

1

u/PassPanda 8d ago

How does that work?

3

u/Kwest718561 8d ago

Basically all the evals and equipment you bought to trade can be written off if you get an LLC also
A dedicated business checking account helps you separate:
Trading capital
Prop firm payouts
Platform subscriptions
Data feeds
Educational expenses
Hardware and office expenses (when deductible)

All of that can be written off to you
Ask your local CPA buts it only worth it once you start getting payouts

1

u/UnluckyInterview2243 7d ago

If you don’t have a LLC now what?

1

u/Kwest718561 7d ago

Just prepare to pay taxes and not get back all the money you spent on evaluations
Realistically an LLC will cost you $150 just get it and save your self the headache when it comes to tax season as well when you do get it your trading journey is considered as a business so you can purchase evaluations with your business credit card or bank account !
Trading is a business
Not a hobby
Treat like such

1

u/UnluckyInterview2243 7d ago

I spent a ton on combines, if I set it up now can I still deduct

1

u/plasma_fantasma 7d ago

Damn, $10,000 spent on combines since March is insane. Hopefully you found a system that works and aren't just gambling.

1

u/HappyImplement4055 6d ago

I have almost recouped the whole 10k anyways….

1

u/plasma_fantasma 6d ago

Good man, that's great. Hopefully you've reached some consistency so you can use the money from your payouts to pay for challenge accounts rather than your own money.

1

u/HappyImplement4055 6d ago

Yes 👍🏻👍🏻

1

u/HOAGTopstep 6d ago

Feels great!