Mav, There's been a few changes at TST with regards to funded guys. From what I've been told there are no more free combines for funded guys who then get sent back to the combine. It used to be free combines for life and then it went to two free combines and now I believe it's none.
This is from their website: What happens if I struggle as a funded trader? â Futures Funded Trader A funded trader can opt for the Redevelopment Opportunity and they will receive two complimentary 10-Day Combines. Details will be discussed with each funded trader. I think that's kind of stupid but even with two free combines, that's after you fail twice. If you fail twice AFTER being funded, well, I guess you better change your trading style and move on. I should be point out to anyone who is doing this, even if you are broke and this is your only path, you need to have a stop loss in life on anything you do. You don't want to wake up one day and be 50 years old and still trying this. Give this ENTIRE process 6 months. If it's not clicking, move on. There is an opportunity cost to not working.
Regarding other avenues of funding, you could give this a look: http://www.fundseeder.com/ I should note that this model is not anything new and in the past I've never heard good things about it, however at least there is a real recognizable name behind it. I haven't read the fine print but it doesn't cost anything to find out more.
of course, but even if a trader has daily loss limit lower than max daily loss limit,he can not have two or more losing days per week which makes it impossible in other combines
that's exactly what i meant ,with daily loss limit of 1,125$ ,you can not trade even on 5 minute time frame and with 10-15 contracts.
i will be thankful if someone can answer these questions : 1-they claim that after upgrading to a Senior trader ,everything will be negotiable ,for example what defines daily loss limit and maximum position size of a Senior trader ? his cumulative profit ? for increasing 1 contracts how much cumulative profit the senior trader need ? 2-can we customize wining days to 30%? 3-the days that a trade was done but it was with zero P/L (break even),counts as a winning day or losing day ?
I myself already set a limit. If by January 1 I am not funded or funded and kicked back to simulator and my trading is nothing to be ashamed of, I am going to fund my own account and move on. I already made my math. I still want to be funded but time is also important. I value my time. I think 6 months is a bit too little. It took me some 12 months before I started making improvements but my situation is unique. I liked your comment Mav that stop loss needs to be used for everything.