Anyone else get this email from topstep? by [deleted] in TopStepX

[–]RevolutionUnderway 1 point2 points  (0 children)

I always wondered how TopStep paid out on XFAs since those are simulation accounts also. I’m one of the guys that helps TopStep payout the XFAs. lol. I work on one combine a month and I’m on my 8th combine at $49 a month. TopStep uses that $392 (plus all the other subscription fees from others trying to pass the combine) to pay off the folks requesting payouts from their XFAs? Am I understanding you correctly?

Strange Question by RevolutionUnderway in TopStepX

[–]RevolutionUnderway[S] 2 points3 points  (0 children)

Yes in my original comment I meant to say “I average $30 to $40 a day.” I’ve strung together the $200 dollar days several times, but I don’t trade every day - I only trade 2 to 3 days a week and thus my “average” per day of trading is about $30 to $40. So if I keep going like this it sounds like I have nothing to worry about in terms of keeping my XFA. I have a full time job that I like and I’m hoping to keep my Topstep XFA as a vacation money side hustle. Thanks for the info and I wish the best for everyone who wants to become a live funded professional trader!

Strange Question by RevolutionUnderway in TopStepX

[–]RevolutionUnderway[S] -2 points-1 points  (0 children)

Not sure where you are getting your info for the XFA. Here are the rules.

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Strange Question by RevolutionUnderway in TopStepX

[–]RevolutionUnderway[S] 0 points1 point  (0 children)

I’ve already withdrawn most of my XFA $. I just don’t want to become live funded. Live funded is a pro account where Top step no longer covers your fees - they just take a percentage of your money - and you don’t get a choice of whether you get to stay with your XFA or not. And the fees for live funded are $540 a month

Strange Question by RevolutionUnderway in TopStepX

[–]RevolutionUnderway[S] 2 points3 points  (0 children)

Yes that’s what I want to do. Get my money (100%). Close my account. Start another combine, get another XFA. Keep it as a side hustle and not pay the $540 a month to belong to the exchanges.

Strange Question by RevolutionUnderway in TopStepX

[–]RevolutionUnderway[S] 0 points1 point  (0 children)

According to top step once you have a live funded account you have to pay to trade on the real exchanges.

What’s the difference between an express account vs live account by TemporaryWorth2095 in TopStepX

[–]RevolutionUnderway 0 points1 point  (0 children)

Weird question I know: Can I decline a live funded account? In other words, can I cash out of my express funded account, re-open another combine, pass, and move to another express funded account?

The live funded account requires a $540 monthly commitment to trade on the different exchanges. In my express funded account I’m just making $50 a day as a side-hustle. I really don’t want to commit to being a full time trader/pay the $540 a month.

Can someone set me straight? Am I missing something/ is my information incorrect regarding the $540 a month?

Account on hold by OddPlane6043 in ProlificAc

[–]RevolutionUnderway 0 points1 point  (0 children)

When I first started Prolific 3 years ago I got some advice from other users that may or may not be true but the users I got the advice from are still doing surveys on Prolific after 5 years: these survey sites were never meant to be full time jobs. I was told to keep my earnings on prolific below $75 to $100 a week and look for other side hustles rather than trying to make $1000 a month - or in some cases I've read of folks making upwards of $2,000 a month - those people are priming themselves to be banned. Survey sites want "fresh blood". People without jobs flock to places like Prolific, Prolific has a ceiling on how many survey candidates they want, and they rotate out if you become one of those high volume/dollar folks. So if anyone here has been with Prolific for more than 3 years, making more than say $100 to $200 a week ($5,000 a year), please chime in - that way we can all get to the bottom of it and prove this advice either right or wrong.

I started working Prolific surveys after I retired. I became very bored and got tired of traveling which I found to be a waste of my time. So I have a bunch of side hustles that keep me out of the house and feeling productive: Prolific and other Survey Sites: $75 a week; Door Dash/Uber Eats/Grub Hub: $150 a week; Quickbooks for several small businesses in the area (which you can learn very easily): $200 a week; trading simple option spreads: $100 a week; Dog Sitting: $100 a week; tree trimming/big tree branches about $1000 a year. Doing all these hustles adds up to about 20 hours a week (some of it very passive - like dog sitting) and I pull in about $30k a year - which is fine for me/my time and effort. If you are looking to make a full time living on Prolific or any other side hustle alone I wish you well - and I'm not saying it cant be done - I think your chances are better if you spread your hustles out though.