the latter sentence means that it may disappear suddenly and passing multiple combines may not be worth it in long term ? Marv. i asked you a lot of times ,is there any way(rather than TST) for a unknown remote trader who worked hard for years on "consistent trading" and don't have access to enough capital ?
It's not a pissing contest. And it's not just on this thread. It's on every thread on ET. A site dedicated to financial trading in which no one understands financial math. It would be like a bodybuilding site where nobody knows how to perform a proper squat. Anyway, let me ask you this. How did you think the math was "suppose" to work in terms of scaling 100 lots at TST vs scaling 100 lots in your own account and explain to me the difference. Since "you" were the one who said this was the only advantage you saw. Now, to be fair, maybe I'm missing something here, happens a lot. And I admit to being wrong a lot on this website. So I'm all ears as to how the math works in your favor at TST vs your own account. And let's not even bring the commish into it. I just want to focus on the scaling.
On the futures side, you could try to setup a CTA business. But that business has really gone to shit. Man I can't believe how fast the CTA's got destroyed. I mentioned that fundseeder.com program run by Jack Schwager. I know nothing about it though. On the equity side you could form an RIA business. You could manage funds through IB's friends and family account structure. Or just keep building your own equity.
Please see the BMT Thread with Q&A session with Michael. It is live and you can ask him any question. The scenario you say was definitely the case for 50k combine. He would answer on Monday I guess. Best if Michael answered this himself. 8$/RT, is unheard of, you would bleed trading RT's, but they said negotiable later on, still you cant negotiate from 8 to 2? There is always a risk of small shops running down in this business, hard to look for financially sound firms, but it is one risk which i hate to take. I'd prefer to worry only about my own trading. You actually found brokers offering you 5? you can get under 4 with a broker for sure. Scaling up is the same man everywhere, no one stops you once you are profitable, generally.
I have money management plan for increased size which I would put in writing as a trading plan. I know the risk so it is all about cushion being flexible and size increasing or decreasing along the cushion increase or decrease. It would be in my rules applied for approval so I do not think there should be any issue. especially that daily limit increases would be incremental based upon my cushion increase. Considering my accumulated cushion on sim which I am counting all the time, I would have been coming close to get to 3 contracts by now, but form my perspective I have not been trading 100%. Most of the brokers I checked had better than $5 fee. If I am trading along my plan 100% there cannot be too many trades. 2-6 a day most probably. But I have tendency to trade a bit too much sometimes.
I was watching that Q&A session once but it was answered orally. I cannot hear well to get what they were talking about. I will try to type my question and see if they answer it also in written text, otherwise I am gonna contact my handler. It would be nice to know of course in advance.