Search results

Ok, that makes sense and is logical for any trader who has a balance well above their cushion. It also pays the investor their cut, so it's a win-win.

I think we're on the same page regarding monthly payouts. We're both familiar with equity props. If the 40k is not viewed as "their money", or at least the investor's portion of it, then their logic is different than every equity prop firm I know of that takes their cut either biweekly or...

CoolTrader, Sounds good, looking forward to reading your review of the combine, best of luck.

Good point. It's a matter of perspective. If one is relying on this as their only source of income, it may be tough. I already have a prop account (equities) and trade full time, so any gains would be a supplement. For $200 bucks or so, it's worth taking the challenge and if successful...

In your example, the 40k of "open profits" is split, at 24k to the trader, and 16k to the investor (on the 60/40 model). PTP won't take a distribution unless the trader takes a distribution. Therefore, in your "greater extreme" example, the max loss risk is WELL ABOVE the 2x daily max loss...

From your live trading futures experience with real money, can you elaborate on which conditions of the combine do you believe are the most challenging, and why? To recap, here's what they require on the 50k combine: 1. Pick any 10 days to trade out of 30 calendar days 2. Do not hit the...

Yes, that was explained in other posts. Perhaps I did not post the question correctly. What the trader wanted to know was this: On the 50k account the total max risk is 2k (or twice the 1k daily max risk). If the balance on the account is 55k, the trader in theory can suffer a 7k drawdown...

Thanks, the answers you provided were great. There was a follow up question by a trader regarding the 5k profit cushion: If the trader makes realized profits of 5k for the cushion, it was posted that PTP would NOT send the trader back to combine until the balance was negative (below the...

Mav, I don't believe they will let traders go "all guns blazing" once they are given the ability to trade a live account, at least not until the trader builds the profit cushion of 5k/10k. If you review TST's .pdf file of the trading plan, extra rules are in place that traders must agree...

Michael, Here are some questions a few trading buddies of mine had when I told them about this program, which may not have been asked before. 1. Why do you require the IDT course to be taken PRIOR to the Combine to get the 70% vs. 60% payout? There is NO incentive to pay for a course...

volente, Actually, your question was answered on the other thread, see below. The math is 27/500, which is a 5% success rate (or 95% failure rate) for those currently in the program. Since it includes repeats and free trials, the success rate is probably a bit higher, and most likely varies...

Well, that's true. If the trader is up 4k and gives it all back since the parameters are removed once they go live, they could have "a pile of money" sent back to the markets. I'm not sure how their platform works with a live account. With most equity prop firms, risk managers can "auto...

Correction, he stated there was a "drop off in performance", not that it was "cut in half" when going from sim to live, my bad.

Yeah then there's really no way around the 5k build up, unless it's lowered to say "the equivalent amount of the profit objective of the combine." If a trader did the 2,500 combine, then that's the cushion, for the 3,500, that's the cushion, etc. Given that Patak even stated that traders who...

Or they could send the trader the 3k (60% of 5k), and keep 2k in the account instead of the investor taking the distribution. The investor at this point has not taken the distribution, yet is still owed the 2k,which can be taken from the NEXT profit traunch of 5k, thereby still allowing the...

Good info, but why would anyone take such a deal? Are we talking millions of buying power, 100 lot blocks of ES? If a person can "net" 500k, you don't need a backer, and you certainly don't need to split 50% of your profits with anyone, especially if there is a "deferred compensation"...

Mav, Actually, we ARE in agreement on this point. It was in my prior post, here is the excerpt below.

If the 100k account has a 2k/daily risk with 2x max risk, that's 4k total draw before being sent back to sim. Where are you getting the 6k number from? When the trader takes home 7200 and the investor takes home 4800 after 3 months, the account is reset each month, no overage, same account...

Mav, If the trader is taking "3 monthly checks so far" then it reduces the overage on the starting equity balance, which was their whole point of having traders build their equity with the 5k/10k cushion. Also, not sure how the trader is "making back their losses" in your example, since...

Seems to work fine. GoDaddy had some issues today regarding their servers being hacked. Not sure if that has any impact.