Hi,
I am currently starting the process of qualifying for a TOPSTEP TRADER account of 100K.
This is probably only for more experienced futures day traders, but anyone can learn the art of trading with a lot of effort, persistence, and self-control. Notice I didn't say intelligence, because that's probably more harmful than beneficial.
The idea is you pay a small amount per month in stage 1 of their trading combine and have to make $6000 in any time period without losing -2000 per day, or losing -3000 from any equity high ( that's the draw-down limit). However, once you get the account > 103,000 the draw-down limit stays at 100K and doesn't rise. You 're limited to 10 contracts to trade though you can trade less.
If you achieve this goal in stage 1, you no longer have to pay the monthly fee to enter and progress to stage 2.
You repeat the process with the same rules but the throw in a few more such as you can't have a weekly draw-down of
-2000, and you are limited to how many contracts you trade initially - You can trade up to 3 contracts to start and this increases with profit increments gradually up to 15 contracts. You also cannot trade major news events ( 1 minute either side). If you reach 6000, then you qualify as a funded trader.
You get to keep the 1st $5000, and you get 80% of the profits you make thereafter.
Pretty neat huh?
What do you think?
Anyway, I'm doing it and have only traded 1 week, so no point giving feedback until I'm well into it.
But I do post a blog for myself really - at my web-link if you're interested in more details of my plan of attack etc
I trade currencies on futures at the moment. But you can trade lots of futures such as CRUDE, GOLD, E-mini S & P etc
you can even request trading other futures products with sufficient volume for day trading once qualified.
Happy trading guys.
ps. there is also a TOPSTEPFX for forex traders.