Does this sound like you?
You have a profitable futures trading system but you don't have enough capital to make a living from it?
Topstep Trader may be a solution for you.
There are just a few simple steps to get up to $150,000 of capital under your control:
- Prove you are a profitable trader
- Manage risk by following the Topstep Trader rules
- Get a funded trading account
Let's talk about the process
Step 1. Prove you are a profitable trader
Your profit target is +6% no matter what size of account you choose. A $50,000 account has a profit target of $3,000 and a $150,000 account has a $9,000 profit target.
You can have one open futures contract for every $10,000 in your account. A $50,000 account can trade five contracts and a $150,000 account can trade 15 contracts.
You have to be careful of conditional orders filling you if you are near the maximum number of open contracts. If you violate any rule, you have to do a reset and start over.
We highly suggest making sure all of you open positions AND open orders are canceled before the end of the day.
You cannot exceed your -2% daily loss limit.
You must stay above your Trailing Maximum Drawdown. Think of this as your minimum account balance. Intraday balances don't matter during the trial. The ending balance each day is what matters
NOTE: Funded accounts ARE monitored intraday!
You are only allowed to have open positions during specific hours. You must be completely flat at 4:10 pm Eastern each day. You can't open any new positions until 6:00 PM Eastern.
The minimum number of days you can trade is five. There is no maximum number of days.
If you follow the rules and reach your profit target, you are advanced to Step 2.
Step 2. Manage risk by following the Topstep Trader rules
Step 2 is a minimum of 10 trading days.
The Daily Loss Limit, Trailing Maximum Drawdown limit and permitted trading times are the same as in Step 1.
Step 2 adds a few new restrictions.
You now have a Weekly Loss Limit. This is the maximum amount you can lose in a week from Monday to Friday.
The weekly Loss Limit is the same number as the Daily Loss Limit.
You must be flat 1-minute before and after Major Economic Releases occur. Topstep Trader provides a calendar with the dates, releases and the effected futures contracts.
For example, the EIA Natural Gas Report comes out every week. If you are trading NG or QG futures contracts, you must be flat before and after that report. Some releases effect all products so you have to keep on top of that.
On the Aeromir member's web site, we have the Topstep Trader economic events on the home page so you won't forget to check when you need to be flat.
Lastly, you have to follow the Scaling Plan.
The Scaling plan gives you limits on how many contracts you can trade based on the account size and how much profit you have generated. Generally, you need to be +3% to +4% to trade the full number of contracts.
Once you reach your profit target and follow all of the rules, you will be funded!
Step 3. Get a funded trading account
After you are funded, you have to keep following all of the Step 1 and Step 2 rules. The Weekly Loss Limit is calculated intraday for you now so be careful with that.
Now that you are funded, you keep the first $5,000 of trading profits and split everything after that with Topstep Trader. You keep 80% of the profits after the first $5,000..
Summary
To get through step 1 and step 2, you have to show that you are profitable and can manage risk by following the Topstep Trader rules.
Because you are trading private capital, you do NOT need a series 3 license to trade for Topstep Trader
Topstep Trader is a great way to get started with a funded trading account.
If you sign up with Topstep Trader from this page, you'll get these bonuses:
- A free Gold membership to the Aeromir trading community (worth $300/year)
- A free quarter to any trade alert service.
- A 10% discount to any trade alert service after your first three months as long as you are with Topstep Trader.
After you purchase a Topstep Trader trial, send your receipt to support@aeromir.com and request the Topstep Trader bonuses.
Starting Balance | $30K | $50K | $100K | $150K |
Profit Target | $2,000 | $3,000 | $6,000 | $9,000 |
Maximum Position Size | 3 Contracts | 5 Contracts | 10 Contracts | 15 Contracts |
Daily Loss Limit | $500 | $1,000 | $2,000 | $3,000 |
Weekly Loss Limit (Step 2 only) |
None | $1,000 | $2,000 | $3,000 |
Trailing Maximum Drawdown | $1,500 | $2,000 | $3,000 | $4,500 |
Monthy Price Until funded |
$150 | $165 | $325 | $375 |
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