Since today is the 2nd year anniversary of this journal, would you mind to post a quick summary (saving me 35 pages of clickthrough) about how many Combines you have done and how much money you spent on these? Thanks...
Not sure. I don't keep track nor do I think that is important for my own progress as a trader. All I can say is that the evaluations with the "trailing drawdown" has taught me a lot. But most importantly, all the thousands in lost sim money saved me thousands of real money since I trade the evaluations the same way I trade my own personal account.
Personally I think the trailing DD is the stupidest part of the Combine and it's sole purpose is to protect the company. It has no real life value.
I don't disagree that the trailing drawdown is a serious obstacle but for me....it has helped me get rid of "overbot and oversold" in my trading philosophy which has been one of the greatest improvements in my overall trading psychology. To each, their own. I improved myself as a trader from their rules versus complaining.
Yep. I actually think these guys provide value if the configuration is right. First you paper trade to see if you can trade. Then you do one of these and get funded, and maintain that account for 6 months. Then you trade your own money. By then, it's easy.
That is the question the so called Funding prop companies don;t want to be asked neither do the gullible ! having said that If Self just pauses and takes a realty check it would help him
Just so you know. That trailing drawdown is the MAIN THING any fund is looking at when evaluating you. It makes the MOST SENSE to have this in place and it's the MAIN thing that separates the "men from the boys", so to speak. Portfolio volatility is everything. And yes, 99,99% of traders out there can't handle that.
aka the backer just doesn't want to commit to any risk, making your evaluation worthless. If they were really backing you, a little DD should be acceptable here and there.