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For the reasons everyone here has stated. Most guys shit their pants the second they are on the clock. Crispy was nice enough and honest enough to come out and say it. Most guys are like him. Pressure kills people. I can throw a damn tight spiral in Lincoln Park on a sunny afternoon. But...

Lucias, you are dreaming man. A 30% return? Are you f*cking kidding me? You are going to let 166 guys take directional punts at will with a million dollars and you think you are going to make 30%???????????????? Oh dear lord. Reality is not even a word in your vocabulary is it?

At my old firm we backed a lot of market makers in options. This worked OK because we had some edge and spread our risk out across a lot of baskets of stocks. But even that, even trading with an edge at almost zero cost, we had to shut it down because of the overhead. Ended up taking a bath...

I have backed guys through partnerships. Bad bad bad bad idea. Did I say how bad of an idea that was? It was bad. LOL.

I know. Scratch that whole plan. :)

LOL. Lucias, go back to business school. Your model is dead. Hell I would go broke with my model. Lucias, I'm not trying to sound like the evil business guy, but first worry about you before you worry about the trader. You can pick and choose all day long. Most prop firms in Chicago that...

Lucias, that model will not work. And how many people are you going to hire and "pay" to do all this. LOL. Good luck. Your model might be OK for a trader, but the owner of that model will go broke. That is a 100% fact.

LOL. I didn't say anything about them sitting next to me. If I have to actually listen to them whine, that's going to cost a little more. :)

The first 6 months is on sim! LOL I figure if they can get through this 6 month process, they should have the discipline by then to control their losses. Once they go live, it's real money and 50/50 split. I think 5k drawdown is fair. I'll give them three chances to fail. I'm trying to be...

Surf, you should pitch this idea to VN! He's got the money to do this and he would probably love the academic side of it by looking at traders and analyzing what works and what doesn't.

Here are my thoughts on this. Many guys think trading is about making calls and predicting this or that or using some model. Trading, in my opinion, is really about simply executing. I mean a market can only do two things right, go up or down. So even an idiot has a 50/50 shot pre-commison...

Yeah I agree. I was hoping that once you get a guy to go through this 6 month process he would at "least" be able to become a scratch trader. But there are many guys who have "performance anxiety" who might always do well on the combines and simply melt under the pressure of real trading...

Right, but most of the guys are not going to get drafted. But you are right, it's also for guys looking to move up in the draft and increase their stock.

I agree and it's one of the reasons again that I have no interest in backing traders. At least not running something like this. Maybe as a silent investor. I still can't see how this makes money. I actually might have to adjust these numbers again. I'm taking about 35k in risk per trader...

Combine is a term used in the NFL. They do combines for all the college players that were not good enough to get drafted in the NFL. Combines allow guys to attend workout sessions and let teams get a second look at them. If coaches like what they see, they sign on to training camp. A combine...

Nope. Just ET!!!! Keep in mind, I'm not going to do this. I'm simply providing what I think would be an alternative to the TST model. I'm still not sure this model would even be profitable for me. I basically got rid of the refunds, made it longer, made the payout better to me and forced...

So I've been thinking about this in regards to the rather lengthy topstep tradfer threads. Some guys wanted me to put forth my ideas on how I would run a combine if I were to back traders. I truly believe this is a risky deal for the owner and I raised my suspicions that this model is not as...

Euro breaking out here nicely above the monthly A up. Watch that QTR A up at 128.81.

The word here is nuance. You need time to confirm price. But once time confirms, you want to see follow through. I believe most traders ignore time in almost every aspect of their trading. And example of this might be trying to buy the low and the market is just sitting there and not moving...

Major breakdown in the Dollar right now. Both through the monthly and the QTR A downs. Gold and Silver major breakouts to the upside. FCX leading the charge in the copper arena.