I admire mike his wisdom,hustle. Im so glad im a Topstepper. Ive passed 5 combines. And blew 4 XFA's. I jave 1 XFA and 3 combines open. Im very grateful for Topstepx and the whole team behind it. Proud funded trader 💪
The Boss is here!!!! Thank you Austin from bring MP he is a visionary and I really like the way he thinks! I a lot to learn and you are helping all the trades outside!!! Thank you
Love Topstep. Michael. Seems like a upstanding young man. I've been trading on my own for many years, and it can get very lonely. Finding the Topstep TV has been very helpful in keeping me company. Would love to work for Michael If I could work support from florida. It appears they do need a little help with the support side. Definitely an upstanding company. Best of luck to you Austin and Topstep.
Fire, thank you for sharing . If you can ask him about his passions outside of trading and the connections he realized holistically with those. It would be lovely to hear your take on that as well. Again thank you for the futures course(I’d recommend it to anyone in the futures space especially if you take the time to FINISH THE COURSE) it’s really great value. Peace love and gratitude to you and those that surround you always Austin.🙏🏿
Amazing interview! As a beginning trader with Topstep, that was the first one on one interview I have seen with MP. Of course, I see him on Topstep TV, but that back and forth was EPIC. It gives me a lot of insight into the creation of Topstep and encourages me to take it slower to become a more disciplined, profitable trader. I will now remember to "trade for tomorrow." Thanks for providing an outstanding interview. Subscribed!
Great interview - the reason why many people want to have several XFA accounts and copytrade is the opposite to what MP is saying - its because you want to be satisfied with a 200 dollar day because taking home 200 dollar at 10 accounts at the same time is 2k. Plus it doesnt affect you mentally as much as when you have a large PnL number fluctuating. So MP should be all for copy trading many accounts, not against it. It is actually the responsible way to trade.
I would love if Topstep did a "team competition" on the X platform. That would be cool. My 4 friends vs your 4 friends. I think it would be a way to hold everyone accountable, and have fun as well haha
What’re you even saying? Try passing one before buying 10. Or actually here’s a thought TRY. Apply yourself. TEH FUCK DO YOU NEED 10 accounts for brother? Cuz your too scared to hold a trade so your hoping to get quick 50-100 scalps? What a fairyland we live in. Truly a simulation I’m starting to believe. A simulation meant to torment anyone with common sense and 20/20 vision. There’s no easy way to capitalize on this market. And I promise you buying 10 accounts and just having the mindset “I’ll just buy another one” is the model in which makes toostep RICH
(5-10$ scalps*) Like. What do you even mean “so they can compete in the market.” Topstep is doing just fine where they’re at. People always tryna look for the easy way out. If you ran a prop firm. Would you wanna give people access to 10 accounts? Wouldn’t make sense there’s a potential to lose money in that model. GET THIS THROUGH YOUR HEAD THIS WILL NEVER BE EASY EAT WHAT YOU CATCH IN THIS LEAGUE. Get out what you put in. Copy trading 10 accounts thinking your gonna be like tradesbymatt (who makes more of his money from promotions and ad revenue, trust me it’s not from trading) ICT shouted him out? Wow. Great referral.
@@DifferentCloth333this is flat wrong, unlimited combines and max 10 on current promo, but max XFA is still just 3 + 1 live if offered a live, for max of 4. Get the facts right before you spread FUD all over TH-cam.
@@benv1515 you are right, I removed the comment. Sorry about that. Could be me but the tone of your message seems a bit flustered. Sorry if I upset you sir, with my negligence. Keep up the good work of fact checking TH-cam comments. Your service is much needed and appreciated. ♥️
This isnt apex. Topstep is already dominating the space. Hell they created it. Learn to get funded and trade with 1 account. They give you up to 4. 3 xfas plus 1 live funded to pull money from. If you cant make money with 3, what makes you think youll find it in 20? Youre not a professional trader clearly. Go to apex. Theyll rape you with their fees😂😂😂
Your edge needs refining aswell as your risk management. The drawdown is perfectly fine. Most of the prop firms in the space have the same drawdown. 1k for 50. 2k for 100 and 3k for 150 daily loss limits. If you still cant make it work then trade less and underleverage. Yoloing wont get you funded
@@FuturesTraderChris94 lol in no way is risking 1% as I tend to do “yoloing”… but then I’m only allowed 3 losses in a row before it’s done? I have a solid strategy but I’d prefer to not hafto start at 1/4% risk just to get the ball rolling
What I've learned after blowing my first funded account is to trade really small. It's not a $50,000 account, it's a $2,000 account because if you go -$2,000, that's effectively $0 and you've failed the account. The real issue is that you're allowed to trade 4 full size contracts, and if you're still within the $2,000 trailing drawdown window, it's impossible to not risk 10-20% or more of the account balance doing that. Even if you're "consistently profitable", a few wrong trades or days will blow it up. So in order to risk 1-2% responsibly, you need to put on 1-2 micros at 10 points of risk (talking MNQ) with a maximum daily loss limit thats pretty strict, probably in the range of $100-$200. Though it's not nearly as exciting as making a $1,000 in a trade, it's factual that in order to apply proper risk management for longevity of the account, that these are the position sizes that are necessary. If you're getting a home run and have cushion, then you could conceivably scale into a larger position. Once funded and above the $2,000 limit, then you could consider (responsibly) taking slightly larger risks on initial positions. Or, you know, you could yolo 2-4 contracts like most people and blow accounts until one hits. But what matters is funds that land in your account. If I have to blow 10 accounts at the possibility of withdrawing $2,000, I'd rather take probably the same amount of time making $50-200 a day trading micros on one account and seeing my equity curve grow at a consistent and predictable rate. Seems easier than letting a few volatile days undo all the work.
The "50k buying power" is just bullshit. It's a 2000$ account if your max drawdown is 2000. And you can't buy more than 5 contracts which you can buy with a 2500$ personnal account. So it's all bullshit marketing. The biggest TopStep account is actually 4500$. And obsviously, thinking that you can earn a living with a 4500$ account is dumb as fuck.
As a guy that has blown ablut 80K personal (before funding programs and micros) I love these new funding programs. I just wonder what woll happen when a 1987, 2008 type crash comes. If theres a really juicy trend and everybody makes profit...these firms will just go chapter 11 and no one gets paid.
The same lack of risk management principals that probably led to you blowing an 80K brokerage is probably what’s preventing you from answering your own question. These firms have risk management guys on hand always watching traders and the markets plus automated systems and a TOS that probably lets them get away with it in the worst case. Most traders place trades in simulated accounts, only a handful of traders trade these prop firms’ money in live markets.
You call yourself a consistent disciplined trader by passing eval in one day? 😂😂 this guy😂😂 2 days is lenient. Traders that go for 1 day passes are desperate yoloers. Get a system going to create discipline and patience. This isnt a sprint. Youll blow up very quickly
My question is why does TopStep have such bad customer service? I know you can't please everyone, but come on. This guy is on TV every morning why doesn't he try to improve customer service? What are your thoughts? Thanks
@@FuturesTraderChris94 it was a male dominated and there is nothing wrong with it. But when trying to grow a brand and get sponsorship, with a company that doesn’t have those same views isn’t not going work. It’s kinda cringe, this is business not fight club. If you don’t know the number of women that are in the financial space you are 1. not old enough or 2. Not experienced enough.
You know he has women traders on topstep Tv that trade live? Anne marie is an older talented trader that has has on everyday. Shes in a segment along with 3 other traders daily. Topstep is sexist or geared towards men just because MP says whats up boys. Cmon now
Get Funded With Topstep and Trade On TopstepX -- tracking.topsteptrader.com/SHfc
Topstep is most trader friendly! That’s the boss man.
I admire mike his wisdom,hustle. Im so glad im a Topstepper. Ive passed 5 combines. And blew 4 XFA's. I jave 1 XFA and 3 combines open. Im very grateful for Topstepx and the whole team behind it. Proud funded trader 💪
I love love love hearing peoples’ trading stories.
The Boss is here!!!! Thank you Austin from bring MP he is a visionary and I really like the way he thinks! I a lot to learn and you are helping all the trades outside!!! Thank you
MP! El Jefe. - Great one Austin. Killing it.
Man, watched several of your interviews now and you’re really great at this. I appreciate you 😎🤙 thank you.
Love Topstep. Michael. Seems like a upstanding young man. I've been trading on my own for many years, and it can get very lonely. Finding the Topstep TV has been very helpful in keeping me company. Would love to work for Michael If I could work support from florida. It appears they do need a little help with the support side. Definitely an upstanding company. Best of luck to you Austin and Topstep.
Fire, thank you for sharing . If you can ask him about his passions outside of trading and the connections he realized holistically with those. It would be lovely to hear your take on that as well. Again thank you for the futures course(I’d recommend it to anyone in the futures space especially if you take the time to FINISH THE COURSE) it’s really great value. Peace love and gratitude to you and those that surround you always Austin.🙏🏿
I really like this format Austin. Just 2 dudes bouncing around knowledge. Awesome!
The classic "SOLD" story, love it.
Amazing interview! As a beginning trader with Topstep, that was the first one on one interview I have seen with MP. Of course, I see him on Topstep TV, but that back and forth was EPIC. It gives me a lot of insight into the creation of Topstep and encourages me to take it slower to become a more disciplined, profitable trader. I will now remember to "trade for tomorrow." Thanks for providing an outstanding interview. Subscribed!
These are great , glad I found you
Great video, good looking out Austin. MP is the man!
Epic interview 😎 inspired by MP
Great content Austin love the channel 👍Really rate all the topstep team and love MP for giving us all the opportunity to prosper 😉
Great interview - the reason why many people want to have several XFA accounts and copytrade is the opposite to what MP is saying - its because you want to be satisfied with a 200 dollar day because taking home 200 dollar at 10 accounts at the same time is 2k. Plus it doesnt affect you mentally as much as when you have a large PnL number fluctuating. So MP should be all for copy trading many accounts, not against it. It is actually the responsible way to trade.
I would love if Topstep did a "team competition" on the X platform. That would be cool. My 4 friends vs your 4 friends. I think it would be a way to hold everyone accountable, and have fun as well haha
Awesome interview. 🔥🔥🔥🔥🔥🔥
Great video I enjoyed it!
MP! 🎉🎉🎉
great interview love it
Micro to Mini is live now... 🙂
the only big CFD trader i know is Tom Hougaard, would be cool if you can interview , him he is the author of the book best loser wins.
THIS WAS GOOD STUFF
Managing emotions.... bring better behaviors!!
Yes!
What is the best platform to trade futures?
are those jobs still available to people with no prior trading experience or a degree?
46:13 is huuge! A merit-based opportunity to have 20 copy accounts would be stellar.
My theory is… if you can lose that much, you can make that much.
When will Topstep increase their funded accounts to at least 10 to be able to compete in the market. Traders want 20 funded accounts.
Soon!
What’re you even saying? Try passing one before buying 10.
Or actually here’s a thought TRY. Apply yourself. TEH FUCK DO YOU NEED 10 accounts for brother? Cuz your too scared to hold a trade so your hoping to get quick 50-100 scalps? What a fairyland we live in. Truly a simulation I’m starting to believe.
A simulation meant to torment anyone with common sense and 20/20 vision.
There’s no easy way to capitalize on this market. And I promise you buying 10 accounts and just having the mindset “I’ll just buy another one” is the model in which makes toostep RICH
(5-10$ scalps*)
Like. What do you even mean “so they can compete in the market.” Topstep is doing just fine where they’re at.
People always tryna look for the easy way out.
If you ran a prop firm. Would you wanna give people access to 10 accounts?
Wouldn’t make sense there’s a potential to lose money in that model.
GET THIS THROUGH YOUR HEAD
THIS WILL NEVER BE EASY
EAT WHAT YOU CATCH IN THIS LEAGUE.
Get out what you put in.
Copy trading 10 accounts thinking your gonna be like tradesbymatt (who makes more of his money from promotions and ad revenue, trust me it’s not from trading)
ICT shouted him out?
Wow. Great referral.
Sorry. Not tryna be harsh on you. I just don’t understand the logic people have these days. Got nothing to do with you
He spoke on this yesterday… and i don’t think they will offer 10 but 5 definitely.
I love that you said strategy is the easiest piece of/deserves the least attention. I don’t hear that enough!
All they need to do is allow swing trading and we're good! My only losing trades were because I didn't know you couldn't hold until next trading day
i Would love to use topstep one big issue, you are limited with micros with rithmic
Damn I live in BOCA and didn’t realize know FIA was there
TopStep needs to increase their accounts from 3 to dominate the space!!!!!
@@DifferentCloth333this is flat wrong, unlimited combines and max 10 on current promo, but max XFA is still just 3 + 1 live if offered a live, for max of 4. Get the facts right before you spread FUD all over TH-cam.
@@benv1515 you are right, I removed the comment. Sorry about that. Could be me but the tone of your message seems a bit flustered. Sorry if I upset you sir, with my negligence. Keep up the good work of fact checking TH-cam comments. Your service is much needed and appreciated. ♥️
This isnt apex. Topstep is already dominating the space. Hell they created it. Learn to get funded and trade with 1 account. They give you up to 4. 3 xfas plus 1 live funded to pull money from. If you cant make money with 3, what makes you think youll find it in 20? Youre not a professional trader clearly. Go to apex. Theyll rape you with their fees😂😂😂
My only hesitation with TopStep at this point is their max drawdown. 3-4% just isn't enough wiggle room to allow for a natural drawdown period
Your edge needs refining aswell as your risk management. The drawdown is perfectly fine. Most of the prop firms in the space have the same drawdown. 1k for 50. 2k for 100 and 3k for 150 daily loss limits.
If you still cant make it work then trade less and underleverage. Yoloing wont get you funded
The drawdown stops trailing once you're past the first stage. It doesn't keep trailing endlessly
@@FuturesTraderChris94 lol in no way is risking 1% as I tend to do “yoloing”… but then I’m only allowed 3 losses in a row before it’s done? I have a solid strategy but I’d prefer to not hafto start at 1/4% risk just to get the ball rolling
What I've learned after blowing my first funded account is to trade really small. It's not a $50,000 account, it's a $2,000 account because if you go -$2,000, that's effectively $0 and you've failed the account. The real issue is that you're allowed to trade 4 full size contracts, and if you're still within the $2,000 trailing drawdown window, it's impossible to not risk 10-20% or more of the account balance doing that. Even if you're "consistently profitable", a few wrong trades or days will blow it up. So in order to risk 1-2% responsibly, you need to put on 1-2 micros at 10 points of risk (talking MNQ) with a maximum daily loss limit thats pretty strict, probably in the range of $100-$200. Though it's not nearly as exciting as making a $1,000 in a trade, it's factual that in order to apply proper risk management for longevity of the account, that these are the position sizes that are necessary. If you're getting a home run and have cushion, then you could conceivably scale into a larger position. Once funded and above the $2,000 limit, then you could consider (responsibly) taking slightly larger risks on initial positions. Or, you know, you could yolo 2-4 contracts like most people and blow accounts until one hits. But what matters is funds that land in your account. If I have to blow 10 accounts at the possibility of withdrawing $2,000, I'd rather take probably the same amount of time making $50-200 a day trading micros on one account and seeing my equity curve grow at a consistent and predictable rate. Seems easier than letting a few volatile days undo all the work.
The "50k buying power" is just bullshit.
It's a 2000$ account if your max drawdown is 2000.
And you can't buy more than 5 contracts which you can buy with a 2500$ personnal account. So it's all bullshit marketing. The biggest TopStep account is actually 4500$.
And obsviously, thinking that you can earn a living with a 4500$ account is dumb as fuck.
go with the trend,the trend is your friend (what Micheal said)
As a guy that has blown ablut 80K personal (before funding programs and micros) I love these new funding programs.
I just wonder what woll happen when a 1987, 2008 type crash comes. If theres a really juicy trend and everybody makes profit...these firms will just go chapter 11 and no one gets paid.
The same lack of risk management principals that probably led to you blowing an 80K brokerage is probably what’s preventing you from answering your own question. These firms have risk management guys on hand always watching traders and the markets plus automated systems and a TOS that probably lets them get away with it in the worst case. Most traders place trades in simulated accounts, only a handful of traders trade these prop firms’ money in live markets.
M.P needs to do ( 1 day to pass) if not APEX will continue taking traders?
Why? 2 days pass standard without any promos as they have right now is great already. Just take 2 days.
You call yourself a consistent disciplined trader by passing eval in one day? 😂😂 this guy😂😂 2 days is lenient. Traders that go for 1 day passes are desperate yoloers. Get a system going to create discipline and patience. This isnt a sprint. Youll blow up very quickly
Gosh I want to hear the guest Quit interrupting them
Liked and subscribed, ignored the tRUMP hat - just unimportant
That sounded terrible. I dislike trump. I like Austin and MP
My question is why does TopStep have such bad customer service? I know you can't please everyone, but come on. This guy is on TV every morning why doesn't he try to improve customer service? What are your thoughts? Thanks
A week, $50,000? Am I going to Harvard? 🙂↕️
exaclty same price say no more, FX is a no go just by that single thing every broker have a different price
too many lame ad interuptions
agree. almost two minutes of skipping and this guy is still yapping
you a busines is shady af when he gets promoted on a scammer channel, oh my gosh
You tried really hard to sound important and failed 😔
@@slyfoxtrades not really , i got your attention havent i ?
TRUMP 2024!
Can’t stand when he says what’s up boys. Women trade too
🙋♀️yep!
Its a male dominated space sorry
@@FuturesTraderChris94 it was a male dominated and there is nothing wrong with it. But when trying to grow a brand and get sponsorship, with a company that doesn’t have those same views isn’t not going work.
It’s kinda cringe, this is business not fight club. If you don’t know the number of women that are in the financial space you are 1. not old enough or 2. Not experienced enough.
You know he has women traders on topstep Tv that trade live? Anne marie is an older talented trader that has has on everyday. Shes in a segment along with 3 other traders daily. Topstep is sexist or geared towards men just because MP says whats up boys. Cmon now
He also has deeyna. Shes an oil trader and shes damn talented too. Shes a permanent member on topstep tv
Man is worth who knows and he said his trade was up $300, I call BS, total lie in my opinion, no one worth millions is sitting there in a $300 trade
Easy to pass? The failure rate is 99% lol
You just suck 4 funded accounts with top step passed all in 3-4 days
GREAT INTERVIEW 🔥🔥👍👍🫵