Actually, some people don't read all the FAQ's and then are surprised by the additional rule changes between the combine, LTP and live account. Of course, when someone points out the discrepancies, it's often incorrectly labeled as "criticism." And as it's been posted repeatedly, whether one passes a combine is only relevant as part of the process of obtaining the live account. The results of that LIVE account are what really matter, especially on Day 11, since that will determine whether you will continue trading and start taking checks, or get sent back to sim.
This comes straight from the owner, Michael Patak, from another recent thread: "We have had many situations where Traders moved out of FTP and on to a Funded Account before completing all 10 days." So it's subjective, he may (or may not) have to take it. There was another CL trader (I believe from Louisiana) who had some incredible stats. Very low draws and consistent gains, almost a perfect combine. I think TST wants to see consistency with limited draws to make the determination of FTP/no FTP.
I disagree. What is does represent is more opportunity to put on more trades and capture more profit versus had you done the combine in a low beta month such as May and June. Had this been a real account with tst your net was ~$120 a day after tst's cut and taxes during a time period where the trading instrument exhibited a 25% move. How many lots did you trade at a time to achieve this performance ?
@Austin Don't listen to the trolls and losers, you did well. The $50k combine allows you to trade up to 10 contracts once you have built enough cushion. You can make good money trading 10 contracts of CL. I am sure if you have enough cushion they will lift limits higher. The douches are arguing about what you 'made' in the combine. Obviously that's nonsense as the combine is just a test to see if you can follow rules with discipline and you have shown you can. GL
yes it can but you have to remember the vast majority of traders lose. Nothing to stop you trading your personal account alongside your TST account.
you mean vast majority of TST funded traders lose? i remember once Micheal said that ratio of TST funded traders is twice the industry rate
I would imagine the majority of TST funded traders do not go on to make a lot of money. Very profitable traders are rare. At TST the trader is not responsible for any trading losses so it's not possible to lose money trading for TST. Of course you have to put down a 'deposit' for the 10 day combine which you lose if you break the rules and are not at least a scratch trader. You see a lot of folk on ET and other media talking about trading is if they have some sort of right to make money. They haven't fully grasped it's a competition against the most intelligent disciplined people. Its a bit like someone slightly overweight who has done a bit of training turning up at an elite race and expecting to finish in the top 5%. Its just not gunna happen.
#1: I work with CL alone, and how that symbol behaves during high volatility versus ES is completely different. Times of extreme volatility with monster swings going both directions multiple times daily are different than times of low volatility both directions. Or methodical trending. Actual executions i.e. entry fills, stop orders of any size holding the rips and profitable exits into algo spikes = immediate v-reversals is an extreme challenge. The notion of "all that potential" is nothing more than inane conjecture. True executions or not are all that matter. #2: Who cares? Again the idea of day to day reconciliation has less than nothing to do with long-term success. Trading is all about treading water between equity peaks and troughs. All that matters is moving forward and upwards profitably over time, without going too far backwards in between. The only thing I care about is month over month, and the only parameters that TST care about are listed in the program rules inside
These guys are market veterans who I've conversed with in here for the past ten years now. We are having a respectful conversation where opinions differ. There is no conflict, no name calling between us