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The OP could also register for the $35 simulator only from TST, the trades simply won't be reviewed, however the combine rules would still apply to the account. Since he would be using the same platform, it's also easier to transition from "simulator only" to the simulator combine when he's...

I'd say taking ANY of the combines will help build structure, however the 10k is not ideal if your brother actually plans to take checks with TST in the live account. For that he would most likely require the 100k/150k. If he's using the 10k for training purposes, then sure, it's a great start.

The post was regarding if ANY traders had gains in their live accounts, and TST's email shows that traders were making initial gains. Of course, they could "blow up" the following day, week, or the following two months. It's not likely that TST is also going to send an email regarding # of...

You can register for the 65 on your own via the U10 form, but not for the 7 or the 66, which requires a sponsoring broker.

Yes, a hedge fund averaging down or holding on to a loser is no different than a private investor doing the same, except the hedge fund simply has more funds to lose. Valeant's stock price started its decline awhile back, so it's no surprise that it would gap down on a negative news event. The...

Read my post again. IF you are trading ES in the combine, where there are NO restrictions regarding market moving events, and now you are a live trader, where you MUST follow the 18 specific news events, there is a greater probability of making a mistake that violates the rules. I've never...

The larger combine traders will have higher Day 11 equity balances and thus have a higher probability of utilizing the scale up plan. I've never disputed that, in fact I've mentioned that repeatedly in prior posts. The combine has rules and restrictions that a live (retail) account doesn't...

Ok, time for some clarification. I've stated repeatedly that there are only TWO questions a trader has to ask themselves: 1. Can I pass the combine? 2. Can I develop enough equity in the live account to take decent checks? Of course each individual's results will vary! The point of having...

Perhaps you can check with the prop firm itself for training materials. Their SRO may have more information on exam criteria. The sample questions on the CBOE exam guide (when the Series 56 was required) were MUCH easier than the actual test, so it's probably better to wait and see if other...

If traders want proof that TST is a viable business model, then just keep track of those who are actually making money in their live accounts. The latest email shows many funded traders posting $1k daily gains. Nobody is going to say it was easy, however the opportunity surely does exist. Of...

Well, you're certainly entitled to your opinion. However, if TST wants traders to "exercise strict risk management" then it's flawed logic to have it in the live account and NOT in the combine, since the process is designed to build,as you say, "strict risk management." Like volente posted...

I posted the link above, but here it is again. https://topsteptrader.desk.com/customer/en/portal/articles/1950863-economic-release-calendar?t=558735 The rules are for certain groups of contracts, as you will see from the link. It's absolutely ridiculous to tell a trader to monitor EIGHTEEN...

It's not a monthly newsletter, you simply have to be on their email list. I guess they send it to those who are active in their system or who have taken combines in the past.

Yes, if you can negotiate to have this rule waived for ES with a few exceptions such as the definitive market moving events of NFP, FOMC, etc., then it makes sense to trade ES in the live account. If not, then you run the added risk of being sent back to the combine. CL is more volatile and...

The email they sent today has many funded traders listed with samples of their LIVE trading results from February. This shows more transparency than simply the # of those passing a simulator.

Good show on the combine thus far. Another point to consider is that TST changes the rules from combine to funded trader regarding ES, where trading is restricted one minute before/after these 18 different economic releases, many of which have little or no impact on the volatility, go figure...

..."They should just start out at $0 not $150k..." In fact, they do exactly that...in the live account! It's just another one of the inconsistencies between the combine vs. the live account. The balances in both the FTP and live accounts are "zero" since it's the "starting balance."

The average daily p&L in the combine over 10 days will reflect the average daily p&L in the live account over 10 days as long as the strategy is the same. I see your point that you're in essence going to meet the parameters of the combine with a few big hits to cover the P&L requirement, and...

Here's the prospectus. I glanced through the first part. Just read the bullet points on pages 18-21 beginning with the paragraph that starts with "What are some of the risks with ETNs? and it should answer your questions. It has the formula they use to determine NAV...

Remember, the way you trade the combine should match the way you would trade in the live account, since it's the LIVE account that matters, not the combine! Since TST has different rules in the combine vs. FTP vs. live, the only relevant rules are the live account rules, period. So let's take...