I'd say they aren't making their money on funded trader splits but on failed combine attempts so the split is a loss leader and the split % difference for the first 5000 is irrelevant if it drives more traders towards the combines.
I'll even add that knowing that 90% of traders do fail, if they can capture these 90% they have a guarranteed money stream. What they are doing is nothing against traders per se : if one can pass the Combine all the better as they can cash in quickly 5 grands. I can't see anything wrong with that.
I will provide my analyses in a day or two, so others can respond first, but I can't stop laughing at this part: " traders that withdraw their profits have more success" No shit Scherlock, only successful traders can withdraw money.... Edit: I see Onemoreshot has already given the correct answer, the offer is just a little carrot in front of Combiners' eyes, if you are not good at the Live phase, it makes no difference anyway, and they might lose a little to a few good traders, but the advertising value is more important. All in all, if this is really their biggest announcement, then they are in trouble...
Thats the right attitude. Of course TST could close people out automatically but thats not the point. They dont want people who cannot follow a few basic rules. That sort of trader might 'forget' they have a position on pre NFP. Its best to learn from the situation and continue to improve. You dont want to join the people who have gone 'rogue' and continually moan, complain and bitch about the rules.
Just a loser venting, no facts just poison. If you ever get yourself locked into this mindest then forget trading, forget running any business. Just get an easy job and enjoy a stress free life.
Latest funded trader: doggette London Trading Plan Trading Hours: US Day Session (08:00 - 15:10) Average Position Size: 2 Daily Loss Limit: 3000 Max Drawdown: 4500 Products Traded Crude Oil (44%) Euro FX (19%) E-mini NASDAQ 100 (13%) Resources Big Mike's Trading Forum RANsquawk Trade2Win Forum Indicators Bollinger Bands Candlestick Chart Market Profile Trader Background Former professional musician, lead guitarist, saxophonist and singer. Fell in love with markets and trading 5 years ago. Worked as a professional prop trader in the square mile in London. I have been trading my own personal account for the last 3 years with great success. Trading futures intraday is the last hurdle in my journey and my growth as a trader. With a bit of help from John Hoag I managed to modify my swing trading to suit intraday positions. It took me about a year to iron out some of my swing trader mentality frustrations, but I'm finally there. I've learned to take positions from lower timeframes that will have an equally high risk/reward. It's been challenging mentally however I enjoyed the process. I am currently studying for my final IAD exam (Investment Advice Diploma, a professional CISI qualification) that will make me RDR compliant and enable me to deal with clients in case I wish to run my current company as a boutique investment firm. The IAD will also open the door to a Chartered Wealth Manager qualification. On my private account I also run cointegration arbitrage in synthetic forex pairs as a basket of trades. I had some ideas on how to create the basket based on the interest rates of different countries. With the help of a highly skilled software architect, I managed to turn this strategy into an automatic algorithm. I am now working on coding up my swing supply/demand strategy. My personal challenge remains to be a funded intraday futures trader. Trading Style Price action swing trader. I use a combination of swing highs/lows, candlestick patterns and multi timeframe analysis. I mostly trade from a combination of a 4 hour chart with 30min chart. I trade pullbacks into previous supply/demand areas that have moved away far enough from the original zone for at least 3:1 risk/reward, but usually I like to get 4x or 5x. My stops are usually between 18 and 30 ticks, targets between 70-120 ticks. Short Term Goals Slow down on the inside and live in the moment Long Term Goals 1. Buy another house in London 2. Finish rock album 3. World domination How I Maximize My Strengths Keep profits running until market shows rejection How I Minimize My Weaknesses Keeping discipline and a cool head in other parts of my life and sticking to an everyday routine before I trade. Wake up, coffee, gym session, protein shake, meditation, trade. Preparation Techniques Due dillligence on my levels of interest. I use a scoring system to determine if a trade should be a limit order or a confirmation entry and if the level already has a potential high risk/reward move that I can take advantage of when price goes back to test it. https://www.topsteptrader.com/users/doggette
Glad there are traders like doggette. I am sure some assholes will be dying to mess up with her. Go doggette , continue
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?
Hey guys, i need your help again. Today i thought I had broken another rule because my net P&L was -306 (the limit of my combine is -$300). So I thought I would have to hit the reset button because i ruined this combine. But now, as my results are updated in my dashboard, that indicator that says " Largest Losing Day will not hit or exceed 300" is still green. Whats does it mean? Am I still on the game? And why?
Girl, you are entertaining... If tomorrow the machine still let's you play, then you are OK, and maybe it was a glitch (we discussed this earlier, you used to be able to dip below the daily max. loss) If the machine doesn't let you play anymore, you better insert another coin... And by the way you asked me the same question in 2 posts, although it has already been answered in post # 1593....