enough sim talk.....i cannot find anywhere on your website how much real dollars you made in your trading career ,do you have besides sim trades and talk anything of substance ?
I prefer the simulator talk because its exactly what many here at ET requested him to do...the TST combine regardless to the fact that austinp will use the opportunity to achieve a few goals he stated earlier. Simply, let him finish that project (catering to the demands of others here at ET) involving TST combine and you should start a separate discussion thread about his website. That keeps the mudslinging out of this thread. Lets encourage him to succeed and just maybe others will be inspired to try harder via saying..."Geesh, if a vendor can do it...I should be able to make it too". Anyways, I see a lot of journal threads showing up at ET lately...I hope everyone eventually makes it.
Thank you for trying to keep things honest. We have this cult of demanding real time calls to prove you are any good. If your calls are dud, the mob feeds on your carcass. If they are good, then comes the demand for proof that it is real and not sim. Show blotters please. Then if those prove good, the photoshop accusations arise. Of course if you show a P&L or audited account we'll believe you. If you give in and play the game, it's a downward spiral. It's a mugs game, plain and simple.
austin (any anyone else doing the combine) if profit targets are the same whether you do a 10 day combine or a 20 day, why choose the shorter time frame where you have to work 2x harder than necessary (if one approaches the combine as a means to prove yourself to outside money rather than ego)? The 100k combine is 8500 profit either way, but that translates to 425/day avg net vs 850.
1) By doing the 10-day instead of the 20-day, you get it over and done with faster. You have to have a "willingness" to be more aggressive, sooner, if you fall behind the average daily profit pace. 2) People who focus on the lesser "average profit per day" of the 20-day might have less motivation than those who opt for the 10-day. :eek: 3) That change amounted to a price increase for those who still opt for the 10-day Combine. 4) To trade 20 days instead of 10 days requires more "exposure" to the market where flaws in you method can be exposed. If some type of change in trend, volatility and/or liquidity occurs during days 11-20, to your detriment, you could be regretful about not choosing the 10-day. 5) People might be better off to start the Combine in the smaller account sizes to merely get comfortable with it and then possibly go into the larger accounts when they feel comfortable with the rules/constraints.
The easiest should be the 30K Combine as you only need a 5% return on capital to pass. Trading the 100K requires 8.5% but the 150k only requires 8%.
1) That's a mathematical "deception". Arithmetically, it seems easiest to pass because of its "lower" profit goal. :eek: 2) You're underestimating how "close and near" the daily and overall loss limits are with the 30K. When you become funded, the weekly loss limit becomes another "burden" too. 3) The loss limits on the 100K and 150K are "more valuable" after you become funded. You have a lot more leeway to trade as long as you don't go crazy with maximum trading size.
I wasn't looking at when you become funded I was looking at the ease of passing the combine. But you are right the daily loss limit of a 30K is 1.67% of capital as compared to 2% for the 150K combine. However the max drawdown for 30k is 5% of capital as compared to only 3% on the 150K
once again, the people selling the shovels to the gold miners are making the big money. the gold diggers are hoping for fortunes, and leave broke. i'm starting a combine!!! $1,000 per hopeful trader. this is your chance to become rich. I figure I will get 95,000 from the 95% that lose. and then quickly fire the 5% that pass if they lose 0.00001% of my cash.
Dude, these guys aren't making jack. Riddle me this, if THIS enterprise was so profitable, then why aren't 50 firms replicating this model? Yes, this is an IQ test. It's pass/fail. Better go over your final answer a few times before you post it.