----------------------------------------------------------------------------------- Yes, this is what Maverick is talk about on the page 9.
taclander- It is a real-time data feed. You are seeing the same market as someone with live capital in it. I hope that helps? mp
You were doing really well here... You can make money that's for sure... AND then... Well your aggression made you money! What you need to do is figure out where your method stops working and stop trading then... If you can't do that then get yourself a trading partner to manage your risk for you. The guy should just be there to make a decision on when to shut you down no questions asked. You were really close to beating the Combine and pressing the bet was the right move. Unfortunately, things turned on you and you lost. Not a big deal... I'd rather have a guy swinging +$3K a day with a $1K stop loss than guys who don't make any money. As long as you can find a way to keep some of those profits.
Surf- For live funded traders we would step in and talk to the trader if trading like that. We look at this as how the major leagues has a pitching coach that comes out to the mound to calm down their talent or see what is going on if they gave up the lead or are not pitching well. That is what we do, and that is what the high-water mark is there for as well. To keep the money in your pocket. This if for traders that are still in the LIVE Combine.. you can get details on this here: http://www.topsteptrader.com/fundedtrader mp
Yeah, makes sense. I had a HUGE win at my old prop firm, it made my month, but I was actually reprimanded for taking too much risk despite the win..... so I get what you mean. Thanks! surf
That is your observation. Here is mine: The very thing by which marketsurfer makes money is the thing by which he loses that same money. Over the course of his trading, there has been no demonstrable asymmetry between the two to suggest competence. However, perhaps this time will be different.
Scalperjoe- We watch accounts but ultimately the trader is the RISK MANAGER of their account. They are responsible for everything that happens as they are in control of that account whether that be the Combine account or the LIVE funded account. mp
Actually, I mentioned "Fooled By Randomness" in the other thread and all these guys jumped all over me... You're right by the way. Great book...