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Here's a comment by "Rob B" from the comments section in the review, which injects a dose of reality regarding EQUITY in the account to sustain a draw: "I no nothing about Jason, but I do know about real world trading and I am sure some if not many will disagree with what I say here. But there...

If he's moderating a chat room then he cannot show a real time LIVE DOM as it would violate CFTC rules. The trades must be simulated. This is standard for chat rooms that have a moderator who isn't registered and shows his/her DOM. Maybe he would rather earn commission from subscriptions than...

Their 2014 focus report is available on SEC.gov. They reported just under $800k in assets with capital contributions of around $77k subsequent to the filing. They've raised over $60 million, probably a lot went into the product (i.e. mobile app) and marketing, however I'm not sure how they...

Ok, since you brought up his stats, I took a look. Here's my response: I disagree with your notion that it isn't "wise" to trade "only 2 cars" in the 150k combine. Remember, the LIVE account metrics are what matter, not the combine metrics. Since a 3 lot trade is the MAXIMUM allowable cars...

Let's take a look of the "complaints" and see if any of them have genuine merit: Its a hamster wheel I thought that once I passed the combine, I would receive a trading account that was identical to the combine I didnt know that I had to pay the exchange $85 to $200 a month in “professional”...

Ok, that's fair enough. I agree that a 5% drawdown is quite large on a daytrade, however I don't think it's excessive for a trailing draw over a combine period. TST uses 10% for the 10k combine, which is more than triple the percentage value of max DD in the 150k.

The "stated account value" of each combine uses $10,000 as the equity required per lot traded. I agree that the "real account value" is based on the actual amount you require to place in a retail account is much less, however that is not how TST refers to the numbers. TST didn't pull these...

Correction: I responded by writing that your profit is only at risk after day 10, however I read your post again and realized what you were stating. Yes, if you have a net positive balance, then obviously it's your profit even on days 1-10 (since the first $5,000 is paid out at 100%).

Let's take the stats of the S&P for this year. The market faced a 12% draw at the start of the year, but has since recovered. If you had a 150k professionally managed futures account that mimicked the market, it went red $18k before recovering (I'm referencing the S&P here). What is the...

It is only "deliberate" in the sense that traders want to meet the performance metrics, which is understandable. I've stated repeatedly that a trader is better served by following the parameters of the LIVE account during the combine, since it will provide a better guidance to how you are able...

It's truly a "funded" account for ten days once you go live, where there is ZERO risk to the trader since there is no day trade margin requirement or any risk to the maximum allowable draw. As you correctly stated, it's "your profit that assumes primary risk on every trade forward" (from day...

"he is claiming he could have changed the fate of the company." Yes, and that was quite wishful thinking on his part. The company... * filed a chapter 15, which apparently helps shield a company from U.S. lawsuits and creditor claims. * had over $400 MILLION in unsecured debt governed by...

Also, one has to consider the risk per trade as a percentage of equity in the account. There was some good banter between Pekelo and Maverick regarding this subject back in a thread from 2013. TST's factors a value of $10,000 equity per lot size when determining the allowable daily stop...

Agreed. "Deutsch himself is undaunted. While he’s moved his brokerage account from Fidelity to Charles Schwab, his keenness for aggressive investing remains intact. So does his willingness to live with the consequences if his investments blow up, he says. But he staunchly rejects the notion...

Would you be upset if Fidelity prevented you from buying MORE of a stock which ended up filing for bankruptcy? Or would you be thanking your lucky stars that you didn't throw good money after bad? Deutsch had $155 million dollars up with Fidelity, of which a large part was allocated to shares...

Good article, although it took a few readings to digest all of the info. Fidelity claims "it didn't lend out Deutsch's shares under its fully paid lending program but rather under the authority it says it has to lend shares out of a client's margin account." If Deutsch wanted to prevent...

Ok that's good to know. It's definitely and added benefit if the "strategies management" feature can execute a contingent trade order within a specified time period.

I think T4 is one of the better platforms offered by TST (my personal opinion, of course), for this very reason of the orders being on the server. You can use the auto OCO feature if you're stepping away (or if the computer shuts down due to a power outage, for example), and the order would...

Yes, it's a contradiction. Once you work for one of the big banks (or any large advisory firm), you'll be essentially following their model. California requires the Series 65 exam to manage funds as an investment advisor representative, regardless of the number of clients. So even if you...

They changed the rules from requiring the Series 56 to requiring the Series 57. The 57 replaces both the 56 and 55, which are now rolled into one exam/license. So if you want to trade with that particular prop firm you're requesting information from, you will need the 57. They will sponsor...