I cannot get into directed arguments with specific sponsors. Sorry, there's nothing else can I say to you in this regard.
Did a reset. I've once completed step 1 and 2 but then failed on the "real" account. Wondering if I can get back straight to step 2 with this account, I may have to contact TST directly, as there are fallback. Anyway. Going to milk this account. Made 500$ yesterday but on the wrong account, The "practice" account and not the combine one. Right now nothing is happening. Waiting for the one hour chart to trend a little bit.
Was a BS day then I understood why once I saw the spike (Econ Release). I've not traded very well but I've still made some.
No time limit but monthly billing. Every month you're billed the combine price. Need to trade min 5 and 10 days for combine 1 and 2 respectively.
My five commandments: #1 Don't fight the tape (Fail) But today I was still telling the tape what to do. Also I was bored and tired so I didn't fully respect it. #2 Go with the trend (Ok) I was mostly with the trend. #3 Cut losses short (Ok) I ran into trouble once because I didn't cut my loss short. #4 Let winners run (Fail) I still have trouble letting them run ... #5 Pyramid (Fail) I did not pyramid ...
Hi, Sekiyo, It's not clear at all what your approach or methodology is or if you even have one. You seem to be trading from the hip and trying to figure this out while you go. I don't think that's going to work out for you. To be honest - it seems like you're all over the place. I think you'd be better off spending your efforts on finding/defining a methodology/system with some definite rules to guide your behavior. Then back-test/check it. Test it live (simulator or 1 MES) and only trade with "real money" (I know you're doing TST, but it still costs money) when you have it figured out. If you don't do this I'm afraid you'll just keep running in circles. Win some. Lose some. Maybe fool yourself to think you're getting somewhere, but in the end you're not. Just my humble thoughts.
Trading prop firm challenge is not a good way to improve your trading skill. Because when you trade a challenge, you have high pressure to make profit. But the improvement in trading comes from inspiration of creativity,originality,innovation. All of these will not occur when you are in a state of high pressure. In another word, in a challenge you will never be able to find the way leading to a consistent profitable strategy. This is from my experiences as I found myself learning nothing in a challenge. All my great improvements, the great ideas came from trading, mostly from demo trading. Also, I found all other things equal, I made much more profit in my own trading than I was trading a challenge. Because I was much more selective in my own trading , therefore tended to leave out lower probability trades and only act when high probability opportunities show up. But in a challenge I tended to lower entry standard due to pressure to make profit.
Fully agree, One has to beat the market and not the game. Most of the time I trade my own game, Instead of following the tape. Demo is only half of the business, As it rules out the interal battle. Great to improve the logic. “Successful traders beat themselves” TST has rules but they ain’t incoherent. I am fine with them while bankroll-less. My first try was chaotic, It’s been a while I didn’t place a trade. But in the end I believe TST won’t make me fail. I’ve already lost because of “stupid” rules, But it doesn’t require much care not to break them. Thanks for your insights.