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    Forums ›› Direct-Access Brokers ›› Prop Firms ›› Maverick74 and marketsurfer's TopstepTrader Combine (daily trade reports and journal)  


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lilbit
 

Registered: Aug 2012
Posts: 20

 

10-01-12 11:53 PM

Maverick74-
Do you plan on trading your 10 combine days in succession?

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ScalperJoe
 

Registered: Mar 2010
Posts: 608

 

10-02-12 12:08 AM


Quote from marketsurfer:

Yeah, I am a perfect example of a near $5000 swing from profits to losses--- had I been shut off, would still be solidly positive on the session. Is this something on the platform or in their back office? surf



Surf,

I asked this question already on the "Q&A" thread, there is no "auto shut off" with the T4 unless you hit your max loss on the day.

At the equity props (the ones I've traded with) the risk managers will shut down after a specific max loss that you specify.

Patak wrote they want the TRADER to instill the discipine to shut themselves down at their own specified amount, rather than make the risk manager shut it down at max loss for the day.

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Maverick74
 

Registered: Mar 2002
Posts: 17320

 

10-02-12 12:14 AM


Quote from lilbit:

Maverick74-
Do you plan on trading your 10 combine days in succession?



I'll do my best. Probably won't trade Friday on the jobs number. We'll see. Just have to take it day by day.

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satchel
 

Registered: Feb 2004
Posts: 2327

 

10-02-12 12:25 AM


Quote from Wide Tailz:

OK, so the score on day 1 appears to be:

Price Action: 01

Price Drivers: 00



Awww surf, I love ya, and your haters too. Funny, but ignore them lol.

Seriously, this morning I saw your post moments after about being up a nice phat amount after we hit the highs of the day....was going to post 'take the money and run', or 'it is a combine, make the cash register ring buzzy schwartz style, but didn't want to clutter the thread.

It is a combine after all, you've got to hit that flatten button whenever you feel too happy about the pnl (if you don't take the profits, the winning trade #'s don't go up, the w/l % doesn't go up.) If you had taken those profits frequently you would have beaten Mav's performance - see he went the safe route, didn't extract too much from the ES range...and guess what, slow and steady won the race today. [slow and steady = boring = good trading]

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volente_00
 

Registered: Nov 2002
Posts: 13710

 

10-02-12 02:23 AM

Surf


Do you intend to keep trading even though you exceeded the daily loss limit to be considered to go live ?

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ScalperJoe
 

Registered: Mar 2010
Posts: 608

 

10-02-12 02:52 AM

From the first day's screen shots, Surf racked up $525 in commissions vs. Mav's $5.

Those trading the combine may want to take note of how fees/commissions can rack up when taking a scalping approach, especially when you consider that to meet the profit objective, it must be NET of all commissions.

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