Search results

1 - From their website under the "Rules Comparison Chart"... "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...

Sorry, bad math: $1,500/4 = $375

I don't think the op was implying it was a "scam" or "conspiracy" but rather he was simply pointing out the discrepancy between the rules for combine vs. junior funded traders. You had posted earlier that one reason why traders who pass the combine don't make Sr Trader is probably due to the...

Not sure. They reduced the profit targets, which is a good thing, and at least makes it a closer match to the Jr Trader metrics. However, the only combine that is still similar to Jr Trader is the 30k, the rest are not.

That's right. That's why the "max lot size" and "daily loss limit" are IRRELEVANT numbers. It's an incorrect way to view the combine metrics. For the 30k combine, 10 days: Max allowable draw/Max allowable losing days $1,500/4 = $350 For the 50k combine, 10 days: $2,000/4=$500, reduced to...

The "max lot size" is quite irrelevant on the 150k account since you run the risk of maxing out the total draw quite fast, the same goes for the daily loss limit. The max DD is based on a closing balance each day. The calculation is as follows: Maximum Allowable Draw/Maximum Allowable...

It's been discussed numerous times that if one wants to get funded, then passing the combine is not the main hurdle, it's the Jr Trader phase. Since there is no time limit as a Jr Trader to reach the profit objective, the longer combine (20 day) is more consistent with the Jr Trader phase...

As far as the "best deal" just call the firm and negotiate the rate/fees/payout etc. Bright allows for overnights, however I'm not sure about the others. Like Maverick mentioned, you'll need 50k for Bright, but 20k is probably fine for the others. Regarding stability, go to the SEC.gov site...

I agree with your analysis. And the reason you can have a $300 daily limit is you also put up decent P&L on the green days, from looking at the combine stats you posted. And since you don't have a weekly loss limit on the 30k account, that's an advantage. So as long as you keep the $300...

Actually, I wasn't clear in my post. What I meant to say is the daily loss limit imposed by TST combine is WAY TOO HIGH when you factor in the trailing max draw. In other words, if you take a hit near the daily loss limit on any given day, then it's very difficult to play "catch up" given the...

The trailing max draw is more important than the daily loss limit, since that is factored over the entire combine period. So you have to personally lower your daily loss limit well below the maximum in order to account for the trailing max dd. Also, the 50k and above backed account (until one...

Ya, T4 timestamps the order, so the fill is not immediate, unlike TOS, where the fill is immediate when you hit your trigger price. I also experienced that T4 orders were quite accurate with ES, but I did have some slippage with CL. Ninja seemed accurate on both.

1) I don't know about any non-compete agreements, only Patak and the partners would know the answer to that, as well as those who are funded. TST is very helpful about answering questions, so that is something you can ask directly during their open Squawk on Fridays. Although I doubt you're...

The fills on a Ninja simulator seemed quite realistic, and I think are real time. This is different than TOS, where the simulator, although real time, will fill you regardless of your order in the queue, so even if there is one lot at your trigger, you will get filled. TST's simulator is...

The scratch trader will do the rollover combines, since that is free to him, and unlikely to go and fund his own account right away, unless he thinks the parameters are too restrictive and has a feel for going on his own. Besides, the longer he's a scratch trader, the better odds that...

I'm not sure of their hiring process. The only thing I can suggest is to contact them and see if you qualify for their training program. Best of luck.

According to Mav, you don't need to pass or make Sr Trader. You just need to use TST as a training tool, then go fund your own account. But Mav has a point that eventually traders decide to go on their own. We can speculate on the stats of who ends up doing what. There are basically three...

Perhaps they "believe" they will make it, as long as it's outside the restrictive parameters of the backed account, and therefore choose to open their own accounts "after doing 3 to 6 months worth of combines, whether they passed or not." This may account for the difference between the number...

Yes, I agree about having "proven to yourself that you have the discipline to make it work", but again, we're talking about SIMULATOR results, not live. The LIVE results are measured after being funded as a Jr. Trader. Since Shiko2000 is, as you say, "proving all the naysayers wrong" then the...

Shiko2000 traded within Jr. Trader parameters using 1 lot, and met the profit objective. It seems he would eventually pass the combine. However, trading sim vs. live are two different animals. With their backing, you still are required to maintain discipline through the process of getting...