If this is true then combine revenue from the other losers is minimum gross 544k per year. Now you can assume 50% get refunded but I don't believe it's near that high as evidenced here as nearly every one who did the combine ended up negative. But maybe you believe rookies with very little futures trading experience have a better chance at being net positive ? So take 544k, with imaginery 50% refund, puts you at 272k revenue, now take 3 employees to run this for you at 50k salary and the net is still minimum 6 figures to the company owner regardless if anyone ever trades live. Now up the failure to be profitable rate to the more realistic 75-80% and the net becomes 275-300k
Alright, before the tension kills someone, here it is: Trading time average is suspiciously missing. What is even more, that this is the 3rd recently funded trader with such trades. These trades are always huge winners. Yes, I have the screenshots saved.... This particular guy's style also changed a lot, his previous average time was measured in hours, or at least in minutes now he trades in 5-10 seconds. I have to give it to the TST mentors, they are good. Having 5 trades averaging zero second is damn fast trading!!! Now I would actually like to hear an official explanation and not just some ET apologists uneducated guess....
1) ?..... ?? ..... ! ...... Jesus H. Christ! This guy is "living and dying" by the weekly crude oil, (Wednesday), and natural gas, (Thursday), reports. The other days of the week he barely does anything. 2) It's also possible that his simulated price fills would not occur in the "real market". He would normally have gigantic slippage immediately after a major report is released, especially with stop-orders to initiate a position. His holding period could theoretically be "zero seconds" on the simulator with a bogus fill. :eek: 3) Again, I hope the guy can make money but his "options" appear limited if he's waiting week after week for the EIA/API/AGA reports.
Dude, did you have 1 tick of unexpected slippage on your final trade where you expected to be "down" $495 or $492.50 instead of the $505? :eek:
It looks like he's trading natural gas on inventory release, so the outcome is likely near binary. The calculation for average may round to the nearest minute, but im not sure. Side note (brag)..... I passed the combine today.
Hey Nazzdack, if you liked that one you will love this one, the previously funded trader: I am not an expert on nat. gas, but how often can you make $600 per car in a second? And if that is slow, how about in zero second? Another silly question: If these fills are very unrealistic, why would TST accept it as a valid measurement of one's trading ability?
If you actually did trade for a living you would know that one can easily make 6 cents on nat gas in a few seconds on an inventory spike. If this Pekelo guy worked half as hard on his own trading as he did playing detective here, he wouldn't have to subsidize his income through delivering pizzas. BTW, he has admitted this on ET.
Who cares if they make 100 million a year on fees. Do you think I gave a shit how much the Bright's were clearing on my trades? Bob and Don were swimming in money. Had no impact on my trading. More power to them. When I traded at Worldco, my mentor made over 750k off me. But it was my choice to join his group. Unless someone is robbing you at gunpoint and taking your money, everyone here has free will.