Without a SL, there is no way to get out of 1 position quick enough while to let the other position ride, which gives you, your profit. Damned either way
You may want to read through the various threads about TST. They will make you do another Combine, possibly for free, but they want to see you actually trading. One big win and 9 1-1 tick trades per day is called being lucky. They don't want lucky traders, they want pros... But I am curious, do you actually want to be a backed trader with them, or do you just want to see if you can game the system? If you can't trade (hell, even if you can) you will fail eventually, the question is just when...
Well, if that is the way they treat the traders then I might think twice before doing it. Do you happen to have a link to a thread that mentions this? I have read T&C and in theory they could disqualify you just because they can as it is "at their sole discretion" but in that case they could introduce a consistency rule just like OneUpTrader.
We don't "see it" because it is a false assumption on your part. You can't assign trades to an account after the fact. Of course TST will allow you to pay for two combines at the same time.
Well, I read some reviews on the web regarding TST and how they con people out of their money. Again, my view of the world, and futures industry in particular, has been confirmed. I will not be going that route, no way. Having said that, I can now reveal how you can easily be up at least a daily loss limit in one Combine account, if you still want to take part in this scam. Open max long position in one account, max short at the same price in the other account (I suggest scaling in for better accuracy of achieving the same price) and set a limit order at a level equivalent to a daily loss limit in both accounts. This way, you are guaranteed to have a combine account with a positive PnL to the value of max daily loss. Simple. No, you don't need to thank me. However, TST is for amateur, naive, newbie traders, not for me. I will go the proper, professional route towards my trading goals, it will just take longer but so be it.
Maybe it works or maybe you get stopped on both trades during the news release. If it does work you still have to trade nine more days and not blow out. I agree there is no need to thank you for this inane idea. I guess TST has its place funding traders that do not have any trading capital. The real drawback in my view is you are considered a 1099 contractor with topstep so you pay regular income tax on any earnings instead of sec 1256 rates AND you owe full payroll tax on your earnings.
It is impossible to get stopped out in both accounts because you lock in the profit in one of them, unless you can prove me wrong. TST is not a good solution to find financial backing. Period
Yep, even if you do everything right, make good $$$'s they can still turn you down if they don't like your style ( just want your $100 to try fee ), no way on earth they are going to like this style.