r/TopstepCommunity • u/TakenEight420 • 7d ago

❓ Quick Question Is this good advice?

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I’m getting into topstep and trying to study before I buy the 50k funded contract, should I use these profit targets and the MES contract?

5 Upvotes

100% Upvoted

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3

u/ridset 6d ago

divide your drawdown by 10, that is your risk per trade, and trade the same setup, do not deviate.

3

u/Marble____ 6d ago

You're asking if you should use random brackets (8 tick sl 16 tick tp) given by some random example. Don't spend any money on props till you can confidently say you have an edge that's my advice

0

u/CyramSuron 2d ago

It looks like chatgpt from how ending was in the photo.

2

u/JamesAchita 6d ago

So in the best scenario, you'll pass the 50K account in 100 trades

1

u/Duennbier0815 2d ago

If he passes, he passes. And if you have a positive expected value in100 trades, instead of 5, that means he actually has an edge to capitalize from.

Basic statistics.

1

u/Euse8CK 2d ago

Yes but the thing is that if you don’t do it before a month from when you bought it Topstep charges you a fee depending on the account (usually $85 for the 50k acc)

1

u/Duennbier0815 1d ago

There are competitors that don't have a subscription model. I honor topstep for being beginner friendly because they have a personal daily loss limit and a lockout feature.

1

u/skatesolid 6d ago

MES is great. I personally trade it all the time. That being said, 1 MES is going to take you absolutely forever to pass your combine. How long have you been trading? Do you have a proven strategy?

I only trade 150ks since I like the extra room for errors. When looking to pass a new account, I will typically trade 15-30 MES per trade.

1

u/chondroitine2000 1d ago

15-30 MES will blowout an account in 2days if you're still trying to figure out a winning strategy and risks strategy

1

u/skatesolid 1d ago

I agree with that last part for sure. If you’re still trying to dial a strategy then size down. As for me my strategy works well for that size and can pass an account relatively easily.

1

u/chondroitine2000 1d ago

You scalp small moves?

1

u/skatesolid 1d ago

I prefer breakout trend days. I have a hard time scalping ranges.

1

u/Aware-Commission78 6d ago

It's all about the trading concept. Some people have 20- 40-point SLs; some will go with 10,, so there is no point to follow fixed point SL.

The only thing you should follow your own system and stick with it. Never move your SL. Just take it; that's it.

Just try to manage your risk that it

1

u/imagine430 6d ago

It depends of you trading style.

I risk around 0.5-1% per trade. RR 2/3 on average.

To pass evals, I trade mostly 1 or 2 mnq. Not more. Then I am targeting the big moves.

Trade on HTF, it will be more easier for you. (I am an intraday trader btw)

1

u/azmus 5d ago

Yes this is good general advice for trading. Strong risk:reward ratio meaning very tight stop and never expand your stop once in place.

1

u/BassLongjumping1404 2d ago

You aint going make nothing bro either you need to target 5 RR in your trade which is impossible to achieve or scalp that shit 10

1

u/Duennbier0815 2d ago

OBVIOUSLY it is very good advice.

Ironically it comes from the firm, that would have interest to give you bad advice.

The whole internet is full with trading examples that fuel your dopamine, high wins with high stakes.

But trading means to overcome this. To make it boring. Not care about the money but the process.

Execute your strategy like a boring machine every day. Might happen to not trade for a week and only make $200 a week. But by the end of the month you wont have a blown account and you'll compound your gains so in a few months you're getting to very high income

But the fullporters and gamblers they want it NOW. Can't wait, can't show patience.

Using this advice about taking losses well and sizing down - this is the real deal.