My apology for taking misleading information straight from their website. Makes you wonder what else is are they misleading about ? I'm sure there is more to the story, no way in hell are they letting people trade cl and making up the difference out of their pocket.
Why would they have to make up the difference out of their pocket? I don't follow. Nobody is trading YM. So most likely nobody is getting member rates on their trades. BTW, TST is NOT an FCM, so they are paying an FCM some commish. So if we take the $1 out for T4, the exchange rates (anywhere from 2.42 to 2.90) plus what they are paying at the wholesale level, the difference is the markup which by my calculation, can't be much.
Because retail cost for CL is around $4 a rt without adding another $1 for T4 so $5 a rt is not or barely covering their CL trades unless they are getting some kind of membership pricing. Doesn't the nymex offer leases to corporations ?
yes, higher time frame would be nice for someone with several thousand dollars who can risk 2k per trade
Just when I thought the trolls were about to ruin this thread, Mav injects some reality. Trolls respond with name-calling and shorter posts.
...and the winner is: 1. Moviemkr 32K 2. Scotty 29K 3. Profiletrader 28.6K . . 10. Bigplus 18.5K Impressive showing.... The top 3 guys made around 20% in 1 week without restrictive rules... Even the #10 guy made 12%... Now if you can make 500% non-cumulative per year, do you really need a backer?
No, you definitely don't need a backer if, IF, this good. 20% is great, 12% is great. on a semantics level, they "made" more fake money. They didn't make any real money. I hear people say "I made $1000 on sim". It's not dollars. LOL. I think this is an important psychological aspect. But I do hope these guys do well with real money.
1) For the sake of really being annoying, you can set about to calculate the percentage of participants who finished above breakeven and also calculate and determine if the profits earned by the "profitable" traders exceeded the losses of the "losing" traders. 2) Those guys need the backer because very few if any have $150,000 laying around.
If you can make 20% weekly then you can get to 150k and have guaranteed income pretty much rather than relying on TST to actually come true. I considered it for a while then decided not to waste my time up 3k or 50% since so all good