Either people are chickening out and/or they think it's worthless and not bother wasting their time. Who knows......... Does anyone care? Lol. If someone offered you a penny on the street (one time deal), would ya take it?
Build capital? geezus, the trader is not getting a salary. You want the trader to build capital? What happened to the eat what you kill I am an elite trader I don't need a stinking' salary payout? The trader should build capital if he/she/it sux and you need protection from his/her/its suckiness. This is pathetic.
How could you not take a single check even if you don't need the money? Oh the trader is building capital. My bad. Lol. If I make $100k today, I want my cut tomorrow. Why bother trading if you can't get paid?
I signed up for the combine but won't be keeping a journal here on ET. For me it's an opportunity that I most likely wouldn't get elsewhere so I took advantage of it. I signed up for the trial first, which I would recommend to anyone who is interested, I liked what they offered and decided to give it a try. And for what it's worth, 90% of my income already comes from trading. I'm using the combine as a way to hopefully transition to daytrading commodities and move away from swing trading stocks.
Hi Michael, No problem, I will as trading permission is given for cme fx futures during the EU session. My background is fulltime intraday trading FX cash using InteractiveBrokers Ideal pro (so,not bucketshop currency trading). I do not hold positions overnight, actually I don't have any open positions at all when not sitting at my desk and most of the time my tws is closed before US data comes out. As I am trading cash, I have to switch to futures. I am not sure how FX futures relate to cash spread wise and in volume during the EU session. As long as the difference is acceptable I don't see a problem. I am a long time IB tws user and not familiar with the T4 desktop, but that should be a minor thing. I have been focusing on cash myself as MM / position sizing is more flexible than using fixed sized contracts. In other words, when trading futures it would be easier to apply sound position sizing with a possible larger number of contracts to be traded. So a larger combine would be better, but it's not impossible. The average risk per trade I take in my cash trades is < 0.25 %. Using futures with the "combine" specifics ($50.000; max 5 contracts; max $1.000 daily loss...), I think the average risk per trade will be more like 0.5%. I will check tomorrow how futures and cash relate in spread and volume. Do send me a PM if you like. PB
I wish to take the TST combine in near future and plan to trade the spreads for the same. It is mentioned on TST website that should a trader wish to trade the spreads, he would get some exemptions from the rules. I have some queries regarding this and would like them to be answered by Mr Patak or one of the scouts here. 1. Is putting a stop loss mandatory for a spread trade? 2. Only exchange traded spreads are allowed or synthetic spreads too? 3. Is daily loss limit same for spread trading techniques too? Is the trade automatically cancelled should a spread trade goes against the trader? 4.Can we hold a spread trade even after electronic close of the exchange in some spreads? 5. For currency futures, can we hold a swing trade for days? 6. Suppose an appropriate hedge ratio exceeds the daily position limit of no of lots, is it possible to put the same hedge ratio? Ragards.
Don't know if the above is related to my prior reply, but I don't trade spreads. I just want to make sure spreads in cash and futures don't differ too much (also in relation to the available bid/ask size). A difference in spread of say an extra point will affect a p&l a lot in the long run.
60/40 split with 60% going to the trader is pretty decent considering that the trader doesn't put up any money... Just an update on the Combine challenge... I've spoken to Michael and we're good to go. We'll be doing a thread on it soon.
Hey I know I gave you shit earlier about you doing this. Disregard that. I wish you the best of luck that. I look forward to your journal.