Ok Since i am doing a good deed here, this allows me to retract my previous post stating that i would no longer post in this thread. Good or bad thing, time will tell. Probably not good though. Anyway. 1. Save a screenshot to your cpu under pictures. 2. go here and upload it. http://postimage.org/ a. hit choose files and then pick what file you want b. upload it. 3. scroll down and copy the link from " Thumbnail for Forums (1)" 4. post it in your message here and it magically will appear. ( example attached) BINGO BANGO BOOOOM!!!!!!!!!!! And i promise to try and read gudder as well.
I asked this in another post, but thought I'd ask it here. I'm tempted to throw my hat into the ring on one of these, but want to know this first. What are the issues with trading for TST (once you complete the combine), while being registered and trading at a CBSX firm that trades equities?
volente_00 you are a stubborn guy but here is my reply without handing you our business plan and the keys to the office. If ten recruits end their Combine today. I would say that.. and this is a guess... 5 would not be eligible for a refund 3 would be eligible (of those 3, 3 would roll that to a new Combine and use their experience to develop) and two would get reviewed for funding.. NOW this changes day by day, week by week.. Some days the whole heard sees the market well and there are many rollovers and many reviews... some days less. Point is, what is the point? If everyone failed why would they fail? because of TopstepTrader? You are missing the elephant in the room... they are all trading the market in realtime. These markets are difficult and can wipe you out completely... We educate and develop traders through immersing them in the market, not a book, not a dvd, and teach them how to tread water. Baby steps. By all means go open up an account and learn the markets and figure out your trading style in an ALL in type play. Not smart nor are people naturally built with trading or risk management discipline.. . We all know this. I lost 3 $30k accounts learning this market. Not a lot of people are able to keep going after their first loss let alone three... So lets stick to the point. TopstepTrader has built a place for the wounded trader to get back on his feet, the trader that has been out of the game to get back in tune with the game, and the new trader to learn in a safe environment. We educate we develop and we get them financial backing. Fairly straight forward and about as fair of a deal in this industry as you will find. mp ps. here is the link on how you rollover or become eligible for a refund: http://www.topsteptrader.com/Deposit Each product traded has a Trading Average greater than zero ($0) and performance requirements we have are good mechanics to trading.
Here is what I think on that without being 100% certain. As long as you disclose all your outside business activities to your firm, there is no issue. At my old firm we had guys doing all sorts of shit on the side. Every year they had to update their outside business disclosure form. This would describe what your outside business is. It should have no effect on your licenses or registrations. We had guys that had firm accounts that managed outside money in a CTA or through another LLC and it never posed a problem. Of course, always check with your compliance beforehand.
PTP has no issues with this as you are trading their proprietary capital. You do not need to hold any license etc. What you do elsewhere is your business. We will bring a trader on as an independent contractor tax wise. mp
Gotcha thanks Mav and MP. I suppose I need to go to my firm and see if there would be any conflicts. Random question, and sorry for using this thread. But I thought somewhere I saw there were minimum requirements for the number of contracts to trade during the day (ie have to trade so many turns), or am I imagining this? I remember doing a combine a few years back, 2010 maybe for shits and giggles, but got distracted and only did a few days. I think I received and email to do it again, but I can't find it, oh well. If I decided to try this I'll let MP do a thread on me if he'd like too, if not no biggie. I think the goals are attainable.
Appreciate the honesty and believe it or not I actually like the concept but as a trader I am a natural skeptic because there is a lot of bs in the industry. Best of luck with your endeavor Can we get an update of cooltraderdude's daily report
There is no minimum amount you need to trade each day. You don't even need to trade each day. You trade on the days you choose, either as much as you want to trade or as little as a one lot. This is your choice. mp
No worries. Skeptics are good for any business and yes I will have the back office do that. They are managing this. Calling it a day. mp
Everybody wants to know how I did yesterday... I finished down -$695.00. Every trade was a loser... Three straight up stop outs and one that I cut before it hit its limit... I'm not trading in the Combine today... I'll be trading in the "not reviewed" account... and trying to answer 2 questions... 1. Can I still scalp/trade short term...? 2. If I can't, is it me or is it this market...?