🚀 $16K Payout from Topstep in 6 Days! 📈 Massive $30K Profit in One Day Trading 3 XFA $150K Accounts💰
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- Опубліковано 13 жов 2024
- 🎉 Exciting News!
After just 6 days of trading three $150,000 Express Funded Accounts with Topstep, I've hit a jackpot with a nearly $16,000 payout. This includes an incredible day where we made a $30,000 profit! 🤑
🔍 Key Points/Highlights
💸 Huge Daily Win: Bagged $30,000 in profits in a single day!
🎥 Raw Trading Footage: Full, unedited trading video on my channel - see my strategy in action.
🎁 Claiming the Payout: Successfully claimed today's payout. After Topstep's 10% cut, we're still taking home a massive win!
💳 Account Refund: Got a full $450 refund for the account fees, thanks to our first payout.
⏸️ Trading Pause: Halting trades during the payout to safeguard our winnings, learning from past XFA account experiences.
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🎯 Goals and Recent Wins
💰 2024 Monetary Goal: Eyeing a massive $10 million profit this year!
🧠 Psychological Trading Goals: Tackling the challenges of fear, greed, and impulsive trades that affected my 2023 trades.
💵 Recent Payout: Just pocketed a $13,000 payout from a live account. Kicking off 2024 with a $29,000 win in the first four days!
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🚫 Disclaimer: This recount of today’s trading success is for entertainment and educational purposes only, not financial advice. Dive into each trade with diligence and consult a professional before making your moves.
#TopstepTraderWin #TradingGoals2024 #DayTradingSuccess #TopstepPayout #FinancialGoals #TradingCommunity
Fact bro. It’s all paper money till we withdraw
Exactly lol. Need to be more focused on payouts. Hopefully everyone watching doesnt make the same mistake i did lol. Watch my new video too... Just lost my live funded topstep account. $100,000+ to -$2.27 lmfao
@@DamnGoodTrading I just commented lol. Damn and I had a good day.
So you prefer a 150k to give you breathing room? Im passing a 50rn on topstep and have several funded on apex
I just prefer trading bigger lot sizes which is why I go for the $150ks. Also yes the bigger DLL does help but it still isn't big enough to comfortably trade 15 lots. Congrats on the apex accounts those are tough to get funded and get a payout on.
Good job man! Quick question, do you use Wise and payment method and how does the taxes work on that? do you have to pay the taxes at the end of the year?
Yes you need to pay taxes but it's as a topstep 1099 contractor not a trader. But I don't use wise so I don't know
@@DamnGoodTrading i see. Thanks for replying. Do you have any knowledge about topstep payouts for people in norway or foreign country?
One question my friend when you got moved from express to the live account, did you got asked or did it happen automatically?
Is it possible to close the express account when they want to move you to live and can you take a payout when that happens?
And ofcourse Congrats brother 🏆 thats a nice payout 😁
Happened automatically. Yes it was a nice payout hahha
Yo Kyle how long it take for the payout to hit your account usually?
Usually 4 days but this one came the next day lol
@@DamnGoodTrading are you using ach or swift ?
I see you have multiple express accounts. Do you trade them separately or they are connected in a way that when you trade with one of the express account , the other is affected too? Or just separate accounts
I copy trade all 3 at the same time. Whatever I do on one account happens in the other 2.
@@DamnGoodTrading awesome. Thanks for replying
@@DamnGoodTradingare you using a copier like replikanto or apex copier? I’m looking for one that works with TradingView because I trade on tradingview
What copy trader do you use?@@DamnGoodTrading
how do you create multiple express accounts?
Kyle happy for you bro. Bigger and better things for 2024 lets go. I've noticed your streaming more consistently so will look out for your stream
I appreciate it! Definitely join the stream!
So once you pull out all the money from the express accounts are you going to start new combines?
No new combines for now. Once these XFAs get moved to live then I'll start new ones
How long did the payout take to hit your bank account after you requested it?
1 day
How can we learn your methodology or strategy foe trading topstep? Ive heard a lot of people complaining they cannot pass combines and topstep just like to make money on the subscription fees
Watch me live on here or my past videos before this one leading up to this payout. Also can join my discord (link in bio).
Is the consistency rule only on challenge phases or live accounts as well?
Only on challenge. The rest have no consistency rule.
@@DamnGoodTrading ok thank you
On what platform do you stream?
Hello Kyle amazing video keep up the great work. You keep saying “We” do you trade with a group of buds?
Just the DGT mafia brother. You can join our discord in the link in my bio
Could you doa video about whats after you passing the challenge like , what documents they need to verify you and all. In your withdrawal form I cant see a place to put your bank details. how do they know which accounts its going to ?
That all comes via email afterwards. It's pretty straightforward just follow the steps in the email 💯
@@DamnGoodTrading Reason I asked, I used my friend credit card to purchase the challenge, Will they asked me to prove the card is mine or they dont care about that??
@@OWLTHE ooosh not too sure tbh. That does sound like it may be a problem but not positive.
@@DamnGoodTrading Thanks for the super fast respond .
Any chance you can say what documents they ask to provide?
@@OWLTHE don't remember tbh. Been awhile since I got a payout with topstep. Been trading FTT lately. Think it's just a W9 along with drivers license. 🪪
So are you like considered to be financial free , basically rich ?
Not with only a $16k payout lmao
I have a question, are they gonna ask for the bank’s informations with a email after the submit of the payout for a swift payout?
Yes and you need to fill out a W9 form as well.
@@DamnGoodTrading and are they gonna email me or something for the informations?
@@lucacavallaro2500 after you fill out the payout form I believe. Been a long time since my first payout so not sure what the process is now.
@@DamnGoodTrading idk they sent me the confirmation of the request and the have to approve it, but they asked nothing
Hi , Kyle, I have problem about first. Payout on W9 form , I use ACH , but it ask me to loading image of ACH , what is that?
Hmm not sure what you mean by load image of ACH. Might be a bug. I'd contact topstep support, they are really good about answering all your questions.
Where did you put your bank information? I just took my payout aswell but I went thru the exact same process as you and I never gave them my bank information did they email you?
Yeh they email you all the rest of the steps. I already had done it with my previous payouts so this is all I needed to do this time.
@robertohluna Did you got your Payout ?
@@HarishG-q7syes I got it!
is there software to connect each account when placing entries?
Yes. Tradovate and quantower have copy trading software built in
@@DamnGoodTradingis tradovate free or do you need to pay licensing fee?
Doesn’t topstep have a 30% consistency rule so your biggest day can’t be more than 30% of your withdrawal
Nope. Only consistency rule is on the evaluation. 50% on your biggest day.
Just an idea. I have 3 accounts and trade a max of 5 per account. Which is 15 accounts in total but with very little risk of hitting max loss. I also trade 150k accounts total of 450k
Yeh I do that for awhile then I like to go hard lol
Javi can you share your strategy for combine and not blowing up? Are you using indicators or price action??
James Franco started trading Futures
Lmaooo
Which broker did you chose on top step to copy trade?
Tradovate now because the copy trader is much faster than Quantower. With quantower there's a little delay on the copy accounts than the main account so I ended up taking a $1000 loss on 2 accounts while the main account was up the $1000. It's rare but after that and latency issues with Quantower I'm finding Tradovate is the better option. Going to try Sierra Charts soon as well to see if it's any good.
7:40 I wish the DLL was adjustable on TS so I can set it to 4k. Many many times, i'd get DLL'd on TS but my APEX PAs kept running on the same trades. Very frustrating.
Congrats on the payouts :)
Yeh the 3k DLL is way too hard to trade with 15 cons. In the new live account I'll probably get I'm going to need at least a $7,500 DLL to be able to actually trade lol
@@DamnGoodTrading Bro that should be the standard when going heavy contracts haha. No question as long as trade invalidation is clear.
@@FuturesForever facts 💯
why do u need more then 3k DLL ??? . your size is way too big and or your wrong on the trade .just get out when wrong . live to trade another day . people are using there DLL as there stop . that's just crazy
15 lots on es is 1 point makes 1k so if u can catch 100 points on es a day with 15cons thats 100k a day or if u use 15 lots and catch 25 points thats 25k a day because its 1k a point
I'm just not a fan of ES for some reason but I am willing to try that strat at some point tbh.
Or you hit max loss when it goes down 3 points….
@@scottiZepidemic W
TopStep is not static drawdown?
No drawdown just daily loss and max loss
Bruv do you have a vid on how to set up quant tower? I’m in the chart but have no clue where anything is 😂
Hahahah I don't but in my discord Bashy made a few videos. Ask in there he's who helps me hahahaha
do you live in the us im tryna find a good prop firm
I'm from the US yes but I'm in South Africa right now. Top step is in Chicago with no unrealized profit drawdown so I use them.
I support you in your goal… other ideas might be to use additional prop firms…
Tried others and am not a fan of them. Unless there's one without an unrealized daily draw down that I don't know of yet.
I do appreciate you 💯
Can you get it sent to a business account?
Yes sir. 1099 your company
How to find a trade copier for just topstep?
Depends what platform you choose brother. Most have a built in one nowadays
How are you getting your fees refunded?
Once you get a payout your XFA fees get refunded
Elite trader has a "diamond hand" account. Its a swing account
Yes sir I have them now hahaha. Half way past eval
"Weak High" like it's not strong? Or did you mean Week like the Weekly High
Not sure exactly what you're referring to.
@@DamnGoodTrading 35:00 the label in red says "Weak High". Is that a typo and you meant to label it as "Week High"?
EDIT: It looks like it says "Weak", not sure if that's cause of youtube quality
@@egodrunk ah that does say weak high. It's the Smart Money Concepts indicator on TradingView. I didn't manually put that there it does it automatically.
Hey Kyle, can you provide the link in the insane Spx 200k+ options trade you made ? Would love to watch that
Here you go brother. Was in the middle of an allergy attack that day too lmao instagram.com/reel/CrRZh26JHqA/?igsh=MWZnMmtjeWgxMDl4Nw==
wheres the vid for 0 day options play you were talking about on the vid?
Check my instagram. It's pinned in my reels
loved this video i got my express acc today first ever. time to grow!
Lfggggg
Could you tell me what really changed in your mind before you acquired vast results
Not caring if I lose or win the trade and just focusing on the setup.
so how muvh do you pay on taxes for withdrawl? nobody ever talks about that shit
Standard tax rates for 1099 contractors apply. Nothing special but I do it through my business so I can write off the combine costs, algos I buy etc. Highly recommended to put it through a biz if you have one.
@@DamnGoodTrading so if you do not have a biz.. what do you do?. how does the taxes work then on withdrawls. Maybe a content video about that would be helpful also.
@@HerbSoolLLC it's just standard tax rates. It all depends on state/country etc. Would be hard to make a video about that but maybe I'll do one on how to set up a business for trading. Good thinking
honestly its great to have access to all that capital but you get taxed as self employed independent contractor at the end of the year. You will pay 15% more on taxes vs if you just traded futures on your own private account. Futures trades get taxed less than other securities and you dont have to pay self employed income tax if you just do it yourself.
You can run it thought a business and write off expenses. Not to mention the risk is significantly lower with the power to trade a lot of capital. If you blow an account your down $150 instead of the $4,500 of their money you lost with the potential to make tens of thousands. I do both but prop firms are a game changer if you can adapt to their rules.
wow great job! right now i am currently trying to pass 2 accounts.
You can do it!
Take payouts every chance you can. The money will vanish with a few small mistakes
That's for sure lol
that’s why we have risk management 😂
💪
Lfgggg. $60,000 payout video coming next 😝
@@DamnGoodTrading 💪 straight motivation keep grinding bro ,I just started with top step I love it I also see the difference 💯📈
I have a trick for holding big days like that
Whats the trick 🧠
@@DamnGoodTradingI enter with my stop. And trust it then I just watch tv or take a nap. If I think it’s gonna not run for awhile I put a limit order.
I just did it today. At open bout 10 es and had a limit set right london high 😂😂
@@DamnGoodTradingI guess it didn't work 😂
@@zeekosuave6812 haha or it did and now he has too much money and doesn't give a fuck about me anymore 🥲
Greed is real....
That's for sure
LFGGG
Gotta love topstep
Quit making it easy when it's not
Hahahaha it is a hard life trading that's for sure. But when it works it works ✅
My friend is wire transfer faster payouts ¿
Ach took one day for me that time. Wire will probably always be faster though. Longest it took for a payout for me was 4 days.
@@DamnGoodTrading you requested a pay out and next day was in your account??
@@Wreckohnize yep it was really fast lol
@@DamnGoodTrading fucking great to hear brother!
On what platform do you stream?
On what platform do you stream?
Discord brother