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Yes, however the Spring of 2000 saw the Nasdaq begin to plunge, so it's a matter of where you scaled in. I never said late 2007 was a buying opportunity. There wasn't a significant draw, which didn't come until fall of 2008, or March '09 as you stated.

To clarify, I was speaking in general of the index drawdowns. You're right, if you can stomach the draw, you could "take a helluva lot of heat" but you will eventually come out ahead, at least that's been the historic chart pattern.

I agree with the comment, except for the part where they "trick" the combiner. I think a trader may want to pay the higher combine fee ONLY when they are confident they can pass it, not sooner. However, your analysis is correct, and that is the reason why Crispy left TST. He passed the...

Exactly, when evaluating the business opportunity, just look at the "opportunity cost" of the substitute. In this case, it's TST vs. a retail account. Even if it takes several combines, your opportunity cost will most likely be less than the "blow up" cost of a retail account, especially at...

Given it's one of the rules in the live accounts, then you're probably better off utilizing the ATM on Ninja in the combine as well. Also, if you managed to pass a combine, my guess is they would review all of the trades, and they could easily look at the time stamps to see if you placed a stop...

Yep, if you get the live account, then you can start to monetize the scale up plan, as long as you can get through Days 1-10 of the live account, starting with 3 lots. I think the "no trading 1 minute rule" applies to all accounts, combine and live trading. It's a good rule to avoid wicked...

I've haven't back pedaled one bit. And I've already answered the question over a dozen times.

There is "daily max" and "trailing max" draws. Perhaps it wasn't updated yet. If you exceed the intraday max ("daily max") then you're automatically stopped out, and hence that would violate the rules of the combine.

Remember, 100% of ZERO is still, well, ZERO. They could offer a weekend car rental on a Ferrari, the incentive doesn't matter. Until traders fully comprehend the EQUITY issue, nothing will change. Yes, I know about all the opinions regarding "edge", it's been beaten to a pulp. If one really...

I'm not sure about "closing green" today but every single dip in history on the dow and S&P have been buying opportunities.

Once again, you're resorting to playing "attack the messenger." Whether I take and pass or fail 100 combines is not the subject of discussion. We're talking about TWO issues here, "edge" and "equity." The amount of arrogance in your posts is astounding, lol. I clearly said that to define...

Ok sounds good.

Then why do you claim that the "decent traders" with smaller accounts will "scale up" with that account, if you agree "the larger account you start with the greater chances of success?" That is pure doublespeak. As Shiko pointed out, many traders took multiple combines to eventually pass and...

londonkid understands it otherwise he would not have traded the 150k combine. For whatever reason, he is surprised by the discussion, yet remains under the impression that "piker" accounts (those who do not build enough equity on Days 1-10) can still utilize the scale up plan because of the...

Only on ET can someone accuse another of having "no edge" when they don't even know the person they're accusing and have no idea of their entire past trading history. Only on ET can someone continue to promote "funded traders" as if they're making real money when in reality they simply passed a...

I found this interesting. It's from another thread (link below) regarding set up costs for an RIA, which are probably much lower than the set up costs for a hedge fund. http://www.elitetrader.com/et/index.php?threads/no-capital-contribution.279818/

When I was daytrading equities I used several products. TC2000 is good however you'll need to upgrade to their "Gold" product for faster utilization of the software. Also check out MadScan, I used their free version and it was decent. I knew a guy who got his picks from Vector Vest, but that...

Yes, it's "less risky" with $5k, especially if you're going to trade with a prop firm that is well capitalized (you can check via their SEC.gov focus reports). However, keep these facts in mind: 1. Your fixed costs will be around $200-$300/month for professional data and platform fees. Since...

Now that we're on the topic of an "edge" here's a good article from Moneyshow.com: http://www.moneyshow.com/articles.asp?aid=videotranstr-25595 "It wasn’t something that they conjured or hoped, it was something invented by hopefully thousands of other people that have come before them." "So...

Actually, it's only on ET where traders use the term "edge" as if it's some type of magical or mystical attribute, lol! Having an "edge" is simply the ability to identify a trade with a higher probability of outcome where the expected return is justified by the risk. Usually, this occurs by...