Hi everyone. Im on my 4th day of my first combine, I didnt have a red day so far and I just passed my profit target. Im taking the 10K one and got $11.200 on my account. But I have a few doubts: everybody that passes the combine gets to do the TLP? And the TLP has the same profit target as the combine or not? And then if you pass the TLP you get funded or do they only pick the best traders to fund? Im trying to figure out my strategy, If I should just play safe from here or if I should try to impress...
you have a choice, either bat it out and play safe or carry on as you were. imo if you do the former there will be more chance you are asked to do FTP. That said as you are doing the smallest combine imo there is less change they will ask you to do FTP. My FTP target was 50% the combine but there are additional rules. I also made my target in 4 days of combine, I then decided to really push it on day 5 and break the 'combine world record' lol. I then had a couple of losers and then continued to bat out the rest. GL
I just made the silliest mistake ever by not closing a position before the market closed. So I traded in a not permitted time, one trade in one day. What happens now? Is this combine ruined and I need to reset and start over? Soooo sad about it I was green on the day and had passed my profit target, there was no need to do that at all.
Yeap. I always thought this manual getting out of the position before close was buffalo salami on TST's behalf. I know, people will say, it builds discipline and such, but that argument is still bison sausage. After all we are living in the 21st century or what. So if something can be automatized, it should be automatized. Now, here is an idea for TST, assuming they are actually looking for people to back and not just trying to fail the candidates on every little thing. So let's say keep the manual closing out rule, but if the combiner forgets it or something happens (like a black out), close the position automatically, but with a FINE. Then the combiner has a choice of either restarting the combine, or paying the fine (let's say $100) and keep going. Then time is at least not wasted, profit is still earned, discipline is built just dandy and everybody stayed happy. Simple as it is... This idea is just for the combine, for Live traders at the very least TST should have the automatic closing out before the market close feature built in. After all, the only reason for closing out is to avoid the much higher overnight margins... And if they are serious about keeping Live traders for the long run and happy, why fail them based on such a small banana skin?
Hi everybody I have one question regarding to "always implement a Stop Loss when you open a position", with that in mind (BTW I use Ninja Trader) Do I have to always use an ATM Strategy?, but in other way how are they going to know if I open a position with a Stop Loss??
Oopsy looks like you failed this combine. The combine is testing your discipline and if you can follow simple rules. They only want people who follow rules, the majority cant do that. Pekelo point about a blackout is obv tosh as you should always have a stop and limit with TST, having a stop in always is another rule. Follow the rules goddammit.
Thanks for replying Pekelo and London kid. I believe it was important for me to learn this lesson. They could close the position automaticly before the market closes, but what I think is the most important here and what they are trying to teach is planning your trade ahead, because if you dont have enough time, either you're gonna loose money by having to close a position just because u ran out of time or holding it while the market is closed and assuming a higher risk. And I dont wanna be in any of these positions. So I get it, I think its a good thing to learn either trading for TST or using your own account. Anyway, Im profitable and very persistent. I know I can pass e this and get funded, just a matter of time now.
Also TST process is very transparent : so the only place to look when not passing the Combine is oneself. Great of you for trying it.
Come on, no discussion of their biggest announcement (their worlds) to date yet? First, let's see the candy: "That's right, no profit split. We have changed the game. Effective immediately, each and every funded account will receive 100% of their profits, on the first withdrawal, up to $5,000. You then keep 80% of the profits thereafter. You heard that right. Your first withdraw, up to $5,000 is yours. Our Funding Team noticed a trend, traders that withdraw their profits have more success in the funded account and exhibit greater risk management. Therefore, along with our trading firm, they worked together to determine the best way to incentivize our funded traders to pay themselves. They decided the best solution was to give you more of what you earned." Since I am curious, let's see what you guys think of this change first and I will explain it to you later...
Im curious to hear what you think. I think they are trying to make people grow their accounts until they reach 5000 before cashing out. Maybe people are moving on and opening their own account as soon as they realise they are profitable? I dont know. Whats the catch?