Quote from Maverick74:
No, those are the number of profitable futures traders I have met over the 1000 or so I've been surrounded by. And a little fyi for ya, if you think the old kingstree traders or Jump guys are punting directional trades in futures, YOU are the one that is ignorant. I know the guys at Jump well and at their peak, their algos probably did 5% of the volume at the CME. Kingstree went up in flames years ago, nothing is left of them. At their peak in the early 00's they were a huge spreading firm. NEITHER of these firms represent your argument.
I will say this again, if you think TST or ANY firm is going to waste a single minute trying to piggyback at BEST a 50/50 scratch directional futures trader, you sir are absolutely FUCKING nuts. And I mean that with all due respect of course.
You can't blame us, as some firm DID make it clear that they will repliate trader's trades. So the strategy for a trader was to see what could be learned at this firm, to make one day of extraordinary superbe trading, next a crappy day, and then leave the firm or stop trading for whatever reason.
. The owner seems to not understand why promising traders seemed to take a lot, and not stick around. Now if TST is into piggbacking, I'd say this would be their worst move.
Should they be able to provide million+ trading combine accounts ( even at 1000+ fee), they'd make more money safely. It would not be astonished me if
more than a 1000 people would just queue up to have a go at a 7 figures trading
account. With a 95percent failure rate, that's basically upper 6 figures profits guarranteed.
