Topsteptrader

contrary to appearances here, I have no dog in the hunt. Unless TST offers the Russell emini as an eligible contract, I'm not interested in anything else. The way all markets are ripping v-turns every which way these days, I'm able to manage trades for one symbol at a time so why not choose the most dynamic of them all?

Russell futures intraday ranges blow away all other symbols including crude oil, which does not hold a candle by comparison. So I'm neither grinding an axe nor lobbying for changes out of personal interest.

I started a conversation here in response to the OP and his question, now here we are... a bazillion replies hammering the same point later

 

Typical ET. How can I max out my leverage. You are suppose to have the intelligence to only use the extra contracts when you actually have p&l to work with. Who in their right mind would trade 15 contracts of ANY future contract with a 150k combine. I mean come on man. This is amateur hour here. No wonder all these guys are blowing out. I would trade 3 contracts max on a 150k account so a 4500 drawdawn gives me 1500 per contract or 30 effing handles in the ES!!!!!

I highly recommend you google the marshmellow test as well because you just failed it big time.

 

Terrible analogy Austin and I love football. Look, I'm not going to beat this into the ground anymore. I was only using you as an example as you did the most number of combines here. I give you props for that.

 

The profit target is the same on whether you choose the 10 or 20 day combine, not 2x the goal.

 

interesting

 

Not completely eliminate, but it should be more of a guidance, or loose target, then a hard line of make or break. If a trader makes 95% of the minimum profit, that is pretty damn good in my book. If another trader misses it by 1 dollar, he doesn't qualify. Really?

So the closer one gets to the minimum profit, the less the other numbers are important (except for DD). But if you only made 80% of the minimum profit I will take a much harder look at the other numbers....

 

1) One "advantage" of the 10-day compared to a 20-day is getting the combine over and done with sooner. "Bad things" can occur from day-11 to day-20.
2) The average profit per day required to pass the 20-day is half of what is required to fulfill the 10-day but it's irrelevant if you never come close to satisfying the guidelines.
3) It's almost like doing a "trapeze walk". To do longer distances can really be tiring and more likely lead to death. :eek:

 

So for the lowest combine you would only trade 1 lot ?



10k per contract is perfectly fine for index futures intraday. That is only 9 : 1 leverage in es.

3 contracts for 150k is a joke. You would have to make 80 es points just to pass the combine. You may as well just hand your combine money over to them and don't waste time attempting to pass it.

 

Or a way to get you to fail twice as quick so you can contribute another $175-$400 that much quicker.


This also does not make much sense for the backer. Hell 10 days of trading does not even weed out luck as a reason for the trader to pass.

 

That is really bad logic. You are either really close to the target thus you only need 1-2 more days and you can just half ass the rest, or you are on your way but you still have to trade it every day to make it. There is the 3rd case when you are not even close, but then your next 10 days doesn't really matter.

The point is, unless someone is cocksure and a very good trader, most everybody should choose the 20 days Combine.