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Got it. Thanks Maverick. Also, back to this 10 days deal. Let's say you hit the profit target in 5 days(arbitrary example). You still have to trade the remaining 5 days. What's to stop a guy from hitting target in 5 days using max position size of 15 lots and trading superconservatively the...

Wait a minute. I thought the daily loss limit = weekly loss limit = $3000. So, let's say you have been profitable all week(for sakes of argument net up $3K to make the math easy). Then on Thursday, you are down $3K? Does that mean you or can not trade on Friday? Also, you can trade as many...

OH!!! https://www.topsteptrader.com/learnmore#learnmore-get-funded For $150K account for example, if you are down $3K in a day, then you are basically done for the week?! And you would be only $1500 from being totally done since max drawdown is $4500. Tight leash...

One piece of suggestion: Here's an idea guys. Practice on sim until you are good enough to qualify for the $150K account. When you go live you will be swinging 10-15 lots make a few K a day! Now, that's a nice one. I know it might take a while to consistently make money within the...

nazzdack - Thanks for the clarifications!

I think what would be of most value in the long run for TST hopefuls is to swing BIG sizes! Like let's say 30,50, and 100 lots! Then you can really bang some serious bucks. If you are stuck pushing 1 lots until you build up your cushion then it's deadend-ish. Isn't that the real reason to...

yes! That was funny. Imagine some big shot prop trader at GS meditating before putting on the one yard (one billion dollars) position. hehe

I do not believe Pulsar and/or TST are necessarily scams. They are probably legitimate businesses. Just that the barriers to be successful are rather high with such a tight leash. It's still possible. But as I've said before, a trader who can successfully meet those metrics critera on a...

http://www.bloomberg.com/news/2014-05-28/to-make-killing-on-wall-street-start-meditating.html

Maverick, I'm not asking you a math question! I was asking to clarify what kind of deal TST or whoever is offering. I was an ex-quant who worked(a long time ago) in quant investments/trading and went to top schools blah blah(who cares). I switched industry a while back. This is just a side...

Maverick, There's one question about TST I have which I like you to address. BTW, I'm NOT doing a Combine or consider doing one. haha. Just playing with math here. I'm trading through one of my tax-free retirement account and i have a FT job. Just curious. At the $150K level, the max DD...

Let's Redo the Math from the Max DD perspective. As I've said previously, according to PulsarCap, for every $1K profit you get $40K increase in BP/acct balance. So, to reach $1M BP, all you need to do is make $25K(hopefully that's not asking too much considering if you are thinking of...

Hey Guys, Here's the deal. I did the math for Pulsar Capital and TST. Pulsar Capital - Is WAY MORE conservative on its risk management. Maybe that's a good thing or not depending on your style. They start you out with $150K with 1.5% DD. That's only $2250 DD. But realize you are really only...

So, they are making it even harder. haha. 12K in 20 days is $600/day 9K in 10 days is $900/day

This is great advice and what I'm doing right now. I have a nice corporate job but trade a little on the side on most days. I have a super small account that doesn't not in any way affect my net worth or generate anywhere sufficient cash to be of any concern. In fact, I'm trading one of my...

The other thing you have to master(actually probably the very 1st thing you should master) is CUT YOUR LOSSES!!! Yesterday, I had a small backslide into countertrend trade. But I cut my losses fast so it was not much damages. But then I short at the lows and got whipsawed. Another thing to...

As the OP said, there's no last thing you mastered. But you eventually learn from your mistakes and CHANGE for the better. And over time, you will make less and less of your dumb mistakes. Then you'll get steady profits though the big losses can always happen if you are not vigilant. For the...

This is probably the BEST and most well written piece of advice for ANYONE trying to go full-time trading! ANYONE! Not just this 18 yr old kid. The kid should definitely go to college. Finish it. It's not that hard. And maybe even consider doing a masters or MBA since bachelors are a dime a...

This is very sage advice for part-time traders or wannabe traders. I work at a nice corporate job during the day. I trade part-time in the morning and evenings a little. I think that's a great model. No point doing full-time. I tried and the results were horrible to say the least, but then...

haha! LOL! Good one.