First time I hit the target, then stopped trading for the last 4 days opening and closing trades to just lose on spread. However last day price slipped and I dropped 1 tick below the target this is how I ended. $12.5 under $3500. Second time I reached the target within 5 days, then dropped an hit trailing stop and then traded up to target second time. Got what you mean. I have had second thought. They might be like the dudes who were offering to add liquidity for opening account with them. I did not bite. I guess it is easy to deposit but not so easy to withdraw. I am pretty sure after I have some 6-12 months of data I can get funds without much problem. But it is not the point. I want to trade my own funds and grew my account. This is the most important, the rest is a good addition.
Geez. It's VERY CLEAR now! Pass the rule THRICE just to get real funding?! And it's not even real funding per se. You are building your own cushion with the $15K or $30K. Dude! Guys just fund your own account. They are selling a dream. $15K to $30K is not that much money to fund an account. But if you are risk adverse fund a smaller account and build from there. The ONLY ONLY advantage is scaling up. And it's not clear that's even available.
Trader99, these guys don't HAVE the 30k. That has been stated over and over again. And for the guys with just a few thousand, they will blow that money in a month. They need to do the combine to get their strategy and execution down, THEN fund their own account. I don't know if you have just been choosing to ignore this part of the debate or maybe are just skipping posts. If someone has 50k to open an account with and they are already consistent in their trading, WTF would they even look at TST? And don't tell me to trade size because they can trade all sorts of size with 50k.
OK, this is not just directed at Trader99 but everyone on the thread. We need to go back over high school math because I keep hearing this over and over again and I'm getting a migraine at the avg ETers inability to do 3rd grade math. In terms of "scaling up", there is no advantage at TST vs your own account. In fact, there is a disadvantage to scaling up at TST! Get out a spreadsheet and do the math. I keep hearing this scaling argument over and over and it's starting to get to me. I apologize for being such a dick here, but come on guys. This is not advanced calculus.
Yeah, I think the change there is fairly recent although I'm not sure and don't know the exact number but I think it's closer to $8/rt.
That really sucks actually. That only tells me the company is really hurting. (Sorry Pekelo, they are not making the billions you presume them to be making.) BTW, I should point out having said the above and I'm surprised no one has even mentioned it yet. Another risk you need to think about is solvency of the company. I mean look, if you put in the time and you learn to become consistent, great. But what if TST goes out of business? If you spend a year doing the combines hoping to become a BSD swinging size and they go under right as you get funded, well,you are shit out of luck. Now granted this is a risk anywhere you trade if you get backing, but I'm of the belief that this company is operating on the margin. Look it up if you don't know what that means.
Nemesis45, Does it mean Sr. Trader cannot get higher daily limit loss until he makes $15K profit? If $30K trader would make it to Sr. Trader, have some say $4000-5000 built cushion doe sit mean he would have to play with $500 daily loss limit. It would mean still 1 contract for me for example. And it would mean making $15K with 1 lot can take up to a year or more. Not a good prospect.
My money management plan is to increase my trading size as soon as I build cushion for each additional contract and I also need daily limit increased of course.
I don't appreciate you insulting my math. hehe. I bet I have taken more math classes (both at the undergrad and grad level) than most people here. Plus, currently,I work in the fields of analytics & data science so I do mathy stuff everyday. This is not a pissing contest. hehe. Just sayin'. Anyhow, perhaps you are right. I haven't read all the postings. My only interest was for scaling. The only reason I would ever consider TST is for scaling. Throwing 20-100 lots. The profit targets to go from jr to sr traders is less than what a lot of people in nice corp job get in their biweeklys. But I totally understand their audience. I was there once years ago. But if guys want to practice they can do it for FREE on sims. No need to pay TST for sims. IB has free sims. Just open a bare minimum account and trade on sim until they are consistent. Or if you don't have the $2K to open an IB account then get a free simulator. There are plenty out there with historical data. So, I'll stick with own account. BTW, if you know of a real prop house that let one scale 20-100+ cars then I'll be interested..
$8..... wow. I checked few brokers and see quite a few charging less than $5 for round trip. I am not scalping but $8 would be too much.