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I think it's mostly objective observation than "negativity" towards TST. Your points are valid. TST is definitely worthy of consideration as a learning/training tool. It's been discussed extensively that opportunity cost is the correct way to measure if it's worth trying a TST combine(s) vs...

The 30k combine gets 2 contracts to start in the live account. Only the 10k has 1 lot max. The 100k/150k combines are the ideal for scaling, even if you start with lower lot sizes, since they give you a much broader draw allowance to work in/out of a trade. Unfortunately they are also the...

If the OP plans on being a pattern day trader with enough transactions, then he's trading as a business. One of the biggest advantages to consider is the MTM election, which eliminates the "wash sale" rule.

"Hundreds" have been funded however I'm not sure of the percentage of how many passed with 150k combines. Yes, what matters IS the scaling plan. This is what has been discussed extensively on this thread, yet so many still revert to the combine as the holy grail. To maximize the probability...

"...they should perhaps call it a "nominal $150k account" rather than just a "$150k account", or something similar." Since the values don't correlate with the actual account value, how about just keeping it simple: Combine Level 1 through 5. They could refer to the smallest three as "training...

T3 Trading has sub-groups. So you could create and become an owner of a sub-group and generate overrides on the traders in your group. Of course, you'd require a license (the new Series 57) and perhaps other licenses for compliance purposes. You'd have to ask them on the specifics.

"What's it mean?" Just look at the SPY chart and ignore all news. S&P is trying to hold support, look at the weekly chart going back a few years. 1,800 or thereabouts is a key area for buyers, and on Friday the buyers came in. Like the OP said, "I don't go by fundamentals at all." I'm...

WTS had separate divisions, one for its domestic (U.S.) based traders, and one for offshore. The U.S. based traders (WTSprop) was acquired by T3 Trading. It seems the link you found is the same firm as the already established WTS (Cayman), or perhaps a sub-group of WTS. In either case, the...

I doubt Pekelo is truly "worried about everyone else" lol! I do agree with your point that it doesn't matter what others can do, a trader has to focus on his/her own capacity to advance.

Pekelo, For whatever reason, some traders are incessantly fascinated by the number of funded traders (which TST defines as those who have passed a simulator), rather than measuring the probability of building equity in the live account. Yes, opportunity cost is the only accurate way to measure...

"...especially when they look exactly the same." They're not the same. The combine rules are different than the FTP/live account rules. You can always trade the combine AS IF it was a live account, and use the live account rules. I posted in what seems like 100 pages ago regarding the...

T3 did acquire WTSprop (the domestic U.S. division of prop traders). T3 is a domestic broker/dealer which means you have to be a U.S. citizen and get the new Series 57 license. There are lots of WTSprop subsidiaries in the U.S., however the rules are the same regarding citizenship and...

Ok I see your point. It seems there have been changes to the divisor over time (see link below). They could have replaced C, AA, BAC and HPQ with similar lower priced stocks, but they didn't. A 2% fluctuation in GS creates a larger impact than a 2% fluctuation in BAC, even with the slight...

"The reason they keep higher priced stocks is so that no stock dominates the index." Putting in a greater amount of higher priced stocks will create bigger fluctuations in the daily movement. To calculate the relative change in the dow for any of its stocks, take the change in stock price...

That's true, it's not really "passive" when the contents change, and the investor has no input in which stocks go in/out. Adding AAPL to the dow wasn't a democratic vote by investors, lol! The fact sheet in the overview page of the Diamonds ETF (DIA) has the following statement: "The DJIA is...

Yes, not only did they kick out C, but also kicked out BAC and replaced it (among others). The most recent additions to the dow are V/GS/NKE/AAPL. These are all HIGHER priced stocks, AND all which pay dividends. Sure, they do "NOT have to pay dividends" however the stocks in the dow (and...

Yes, S&P 500 is up because the contents of the index change over time. If you're in a large draw in an individual basket of your own stocks, those stocks could come back, but don't necessarily have to rally. The index fund, however, will rally, and that is why EVERY single large draw in...

Agreed, there is "business risk" with individual stock picking which is reduced by holding an ETF or mutual fund basket of stocks.

Actually, that's exactly what they did... through purchases of common stock and convertible debentures that became worthless. Of course, buying a penny stock isn't illegal, BUT misrepresenting performance to your clients is what got them busted. "All of the investors were provided with...

Money Matthew: sure, no problem. Alpha Trader: I think Matthew claimed it was "years ago" so Matthew's current license has most likely expired (if it's been more than 2 years).