Well, maybe if they explained that all one gets is $2K, limit it to one contract per trade and show people how difficult it is to make mon....Ahhhhh!!!! That's it!!!!! Suck people into thinking they can do it, and get them to reset over and over again (paying the reset fee) with neither rhyme-nor-reason! Hey, I have typed it before. It is a good business model, and it is working for them. And their business model will work over and over again so long as people bite into it. (In the meanwhile, it is not helping the trading-community-at-large. It's all "get-rich-quick-at-the-expense-of-others" mentality, and that mindset needs to go the hell away.)
Overnight, Isn't this the beauty of trading? Trading is free mind. What makes sense to you, may not make sense to someone else. TST has the perfect business model and very simple if you understand the rules. As long as the rules are very clear, then its game on. As Master P (I think he said that, lol) said, if it makes money, it makes sense. And TST business model make sense. I wish my work schedule wasn't changed to morning shift or I be still in TST. It's very good challenge, in my opinion. I personally don't see anything wrong with starting off with a $2000 account and building it. Of course the rule of thumb is to have more capital, but everyone does not have more capital. But if a trader believes in their trading ability, by all means go for it. I am a believer in try and see. This is why I like trading, because a trader can do whatever it is he or she wants to do. There are no rules.
Several of us, here, have asked this question (and equivalents of it) in several threads, and offered the observation that TST might be able to avoid a lot of misunderstanding - and quite a bit of public criticism - if they simply renamed their funded accounts.
The "beauty" of trading? At this point, I think this is what trading looks like; The subs are the instruments we trade, and the "musicians" are the traders. Don't see much "beauty" in it right now, hehe!
Lol hahahahah, That's funny. Well, I guess the beauty and the beast of trading. Hey, i understand what you mean for sure, i don't see the beauty now either, nothing but hard work and 90 degree learning curve in my trading arena. Lol
Today is my 3rd day in Trading Combine where I'm still not confident enough to trade with 15 contracts at once yet. I wonder how you guys manage yourself to do it????
xoxo ! You should not trade 15 contracts at once during the 150 K Combine. Start with a 2-4 contract max position. If it goes your way and you think there is more room to follow , then add a few more lots and lower your stop on the first position. Your max position should be about 8 lots. Also DON'T add to losing positions. Lastly if you are ever down 1000-1300 just stop trading for the day. Good luck!
xoxo555, Great trading! If you not comfortable with 15 contracts, do no trade 15 contracts. Remember, you have to be comfortable in your trading. We don't want to be all stress out trading. And also, no rush. The market will be here for the next 1000 years.
In my opinion, 8 lots is way too high for the $150k Combine. I wouldn't even trade 8 lots of NQ (at $5 per tick). Most people with some real trading skills who fail Combines do so because of excessive position-sizing which eventually catches them out on an unlucky run (which anyone can have at any point), and they fall foul of either the daily drawdown or trailing drawdown limits. Key concept: if it's a method with a genuine edge, it will get you through a Combine with patience, discipline, smaller position sizes and safe risk management. It would be a great shame to have a method with a genuine edge and still fail a Combine because of unsafe risk management (but large numbers of people repeatedly do so, and then typically "blame" TST for their "restrictive" rules, which are what the whole thing's about). Safe risk management skills - including position-sizing - are (understandably) the primary attribute that TST wants to identify, with their Combines and FTP's, for the purpose of deciding whom to fund. Good luck with the rest of your Combine!
You are very correct about the importance of risk management and the need not eliminate excessive position size. My assumption is once one has a 8 lot position which was created by adding to a smaller winning position , probably 4 lots already have a break-even stop. So the over all risk was and is not great.