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Michael, I'm curious, of the guys who have been funded this year, how many of them are trading CL vs ES as their main product?

Lucias, you are not listening to me. Let me try one more time. You say you are risking 5% a day which is absolutely absurd to me and I'll leave that alone for the moment. What I'm saying is, what is to stop you from losing 5% every day? You and I both know you are not going to punish...

No, we are talking about daily risk and total risk. I live in the real world and in the real world, traders have little to no discipline. They don't stop trading when they should and they keep racking up losses until their account says zero balance. That is the reality. We have seen study...

On the combine yes 2k a day. But if you funded yourself, there is no combine. That's my point. I'm not talking about TST. I'm saying if Lucias were to do the alternative, which is open say a 25k account with Velocity Futures. He is NOT going to stop himself when his account is down 4k. He...

Ok Lucias, you and I are finally getting somewhere. This part you wrote is where we disagree. There is no way on earth you can say your risk on CL is only 2200 on a 100k account. Assuming we are trading 4 lots of crude, you can lose 2200 in 10 minutes. How much do you think you can lose in a...

Say you lose 5k in the combine. You go back to sim for a month. Do well, say you make 5k on the sim. When you go live again, you basically made back that 5k anyway because they wipe it clean. The net effect is the same. Everytime you go back to the combine you immediately back all your...

Lucias, I have no idea where you are getting this math and I'm pretty good with numbers. Your last 10 posts with numbers are just not adding up to me. I'm not sure if you are just not understanding this or if you are coming at this from a different angle. I do believe you are sincere though...

Michael, When you go live with Ninja, will there be any additional costs using that platform? Will there be any other material differences with traders who choose to use Ninja?

Lucias, then you are NOT going to like my combine. LOL. You keep talking about margin. I think margin is the most misunderstood word as it pertains to futures trading. Going forward, I want to focus on notional funding. If I give you 5 lots to trade, that is 500k in notional funding...

Yes, I agree. I think they should shoot for 6 month combines and give guys one crack at it. I will post my ideas for a combine in the next few days. I think I have a fair model in mind. I think the idea they have behind going back and forth is they are looking at this more like a process...

Now now, this is what I told Surf on the JCP trade. :)

Just giving you a hard time. The practice account is a "separate" account that does NOT count towards the combine. Think of it as a do anything you want in it account. Trade 10k lots of Crude at a clip if it strikes your fancy. The scouts don't look at it. They charge extra to have that...

Look, I was blessed with the ability to "read". I want to share that gift with the world. God knows this website is full of illiterates. It wouldn't be so comical if this stuff you were questioning weren't plastered all over the front combine page in bold letters. Wharton? Not a chance dude.

It "IS" incorrect. That is why I copied and pasted this from their website word for word.

I actually left some stuff off. My apologies. CBOT pit activity Breaking News Daily trading classes Market updates Live market commentary News affecting the markets Real-time economic releases Live Floor trader interviews throughout the day...

http://www.topsteptrader.com/Combine This is what is included copied right off their website word for word: Real-time Trading Simulator Trade Report Trading Coaches Trade Journal Interactive trader chat room Access to professional trading platform...

You do not need a membership to get the daily trade reports. They are offered for free for everyone that does a combine whether you get a membership or not. It's on the combine page very clearly to read. All your risk metrics are listed very clearly to see if you are meeting the criteria...

I'm surprised this question has not been asked. Michael, how many times will you actually let a guy come back and erase his previous debt? Say a guy goes goes live and loses 4k and goes back to the combine. Then he goes live again with a new account set at zero. Then he struggles again and...

Yeah any data you use recently will show you the same thing as there has been no range the last month in ES. All stat vol can do is show you exactly what's in that sub set of data. Where as implied volatility is forward looking and is priced off the market's expectation of future vol. For...

Go back and look at the ranges from 7/20 to 8/3 in ES. You will notice we had huge ranges on those days. Those data points are dropping off the 20 day roll. Very similar to a 20 day rolling number line. As those wide range days drop off and get replaced with the narrow range August days, it...