Al Brooks does seem to have a big following in India. I assume all these other Indian Al Brooks Followers are using a Prop Firm too? How bad would it be if English was your second language and you were studying Brooks!
Pretty sure we’re all at the mercy of our Cats and Dogs. While the great Padu is being fed by a gorgeous, Michelin 3-star, little cook.
Back when I did it they gave you a month and if you didn't hit the target you started over. But that was many years ago. Either way you're out the monthly fee for each month. I took a look at their rather extensive terms and conditions and it certainly gives them a lot of latitude to do this if they want. If I were in their shoes I'd certainly be much more stricter about someone who blew up a lot, for very obvious reasons. Here I can't blame them. One must remember that there are real human beings on the other side who's job is to track the traders working for them and manage them. And if I were investing with them I'd certainly expect them to do this. Only if I were in Padu's situation where there are such difficulties trading normal ES/MES/SPY would I even consider TopStep. I'm sure they probably make the bulk of their revenue from their failed trials, while the active traders with them are just a side business. I guess from a statistical standpoint it's a solid enough revenue model. As a side note I think it's very pathetic that the Indian government issues such crap legislation to 'protect investors'. The same crap as the Pattern Day Trader rule. And what does it accomplish? It makes it impossible for sole proprietors to conduct business for themselves and then they get drawn to stuff like TopStep trader, like moths to a flame. Unfortunately in any given country traders are not a significant voting block like farmers or teachers. So legislators don't care about you.
For sure I don't dispute that I'm wasting my time in one sense, but I have in some ways an axe to grind when I see certain behaviors and attitudes. Part of it is me arguing with a much younger me perhaps...