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I can tell you this: trading a sim on Mirus/AMP/TOS vs. TST has a significant difference. I've done both, and I can state for a fact that even while trading a combine, you WILL have emotions. In your TOS or AMP account you can just reset your losses to zero and pretend those trades never...

Well, just to follow up, if YOU were the backer, would you allow a guy to swing 15 lots from day one, just by seeing his 10 day P&L in a sim account? Take a look at what one of the other firm's backing structure looks like: http://www.surcaptrading.com/mt4programme/ Even if you passed...

Yes, that's why there is a disconnect between the rules of the combine vs. funded account with the larger combines. When you trade sim, nobody takes any risk. Of course, once you trade live, the backer has the initial risk, so that's why they won't let you swing size, regardless of what you...

I'm not sure how fast they will let you "scale BIG fast." Remember, you'd first have to pass the 150k combine before you even get the funded account, and you've already figured out by making the following statement, "it seems way tighter than I had thought." But let's say you did pass the...

That's a good strategy, but FIRST you have to get to Jr Trader, which means you have to pass the 150k combine, which DOES have a time limit. And for that, you have to make $900/day net of fees and drawdowns over 10 trading days, or $450/day net of fees and drawdowns over 20 trading days. Also...

Well, thanks for the credit. I learned the hard way just like Shiko2000 and realized the difference and then switched from the 50k to the 30k. And I don't see any flaws with Pekelo's math skills, but to each his own.

Yes, you got it. The value of the TST program in the front end is to build confidence and discipline in your trading plan, and the value of the back end is to trade size. You can push "1 lots until you build up a cushion" in your own AMP account, you don't need to pay anyone 35% on your first...

This has been discussed repeatedly in this thread, however, just for clarification: The $150k combine account does NOT have a weekly loss limit, only a daily loss limit and a maximum allowable drawdown, which is a trailing number based on the CLOSING balance of each day. Only the Jr Trader...

Yes, you're right. Shiko posted a link to the other firm, which mentioned "nominal values" that's why I provided the CME description. Of course they don't have 500k per trader when they back a futures trader. That firm was simply using a different way of calculating what the max size...

Under Sr Trader, it says "Once you become a Senior Trader, the further away you get from your initial balance, the greater negotiating powers you will have for increasing Max Position size and Daily Loss Limit, as well as the opportunity to trade other products and/or markets." The phrase "the...

If you trade their account then you're not the owner, it's the backer's account. Since they already have non-US funded traders, as long as your country is one of the acceptable countries where their broker is allowed to do business, then I think you're ok.

The "application" fee is quite a bit more than TST for the backed account. Also, it says the following, which I found interesting: "Most of our traders reach $500,000 nominal worth of backing within 6 months." Let's examine what "$500,000 nominal" means when trading the ES. To get the...

Good questions. Maybe Crispy knows the answer, since he's already funded and working his way to the 80% payout level. According to Sr Trader rules, you cannot go back to a "zero" balance, which means you have to maintain some type of cumulative profits in the account, and that seems...

The only "advantage" I see is if you begin to trade with SIZE as a Sr Trader, while keeping a minimal profit cushion. For me, "SIZE" is scaling in and out of your contracts with the ability to trade AT LEAST ten lots and above. You don't even have to trade each day, just watch and wait for the...

If you're trading equities and going for a registered prop firm, then you'll either need a Series 7 or Series 56. You may be able to hold overnights with some, but the true nature of a prop is to DAYTRADE using firm capital, which usually gives you 10x or 20x of what you put up as a capital...

I disagree that they are marketing to people who have "ZERO money." The difference is in your own account, you set the rules. In the TST combine, you're bound by a structured account with specific risk criteria in place, AND there is someone monitoring your performance. I know traders who...

No problem, I was just having a bit of fun. You know from my prior posts that I've been ADVOCATING the incorporation of the Jr Trader rules to the combine. In fact, I suggested that if a trader's goal is truly to get funded, then the trader should ADD the rules on their own while taking the...

I think it won't matter if it's "2" or "20" or whatever amount. As I've stated numerous times, passing the combine is NOT the main hurdle. So kicking the trader back to doing another combine where the rules are different, and with a time limit, really doesn't do any justice to help the trader...

Ya, I remember now. Sell 1, then immediately buy 2. It works as long as the maximum starting contracts are 2 or above. Now if you can figure out how to bypass the "no averaging up" rule, I will buy you 3 donuts! :cool:

The trader has to either change their style or adapt to the more rigid rules of the Jr Trader funded account. The term "fail twice" needs to be clarified. If the Jr Trader adds to a winning position before his P&L is net $500, then he technically "fails" and gets sent back to combine...