Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

[MichaelPatak]

Quote from ScalperJoe:

Can a trader sign up for the 14-day trial and attend the classes before joining the combine, or is it only for those who are already in the combine? The site says the open forum is only on Fridays.

Yes you can hangout in the energies pit, the equities pit, any of our trading classes, or just listen to the trading floor noise during the 2 week trial.. the trading classes are daily from 11am to noon CST

If its for you great.. if not.. no worries.

mp

ps. this is the link to the trading floor http://www.topsteptrader.com/tradingfloor you can launch a smaller window from the top right corner of TST site... Tomorrow will be open to guest BTW.. we have a new funded trader coming up that our Market broadcaster interviews over the audio that feeds into the room for everyone.

 

[MichaelPatak]

Quote from kinggyppo:

regarding pics when you want to post an image, when you reply or post you should see "choose File" there is a list of file types that can be uploaded, almost everything but bmp. see attached

ok thanks .. I wanted to figure out how to embed the image so you can see it in the post without going to a link etc.

mp

 

[volente_00]

Quote from MichaelPatak:

volente_00- Lets calm down. I show these daily on my twitter account (or try to update it daily).

The image below shows our biggest losing Combine accounts (those with loss limits, the ones without loss limits are practice accounts).. As scouts we see positive in this image, as a majority of the recruits are shutting it down BEFORE hitting their loss limit. Doing this day in and day out INSTILLS discipline. We instill discipline and help people recognize when they need to shut it down.

https://twitter.com/MichaelPatak/status/248486834940813312/photo/1/large

mp

ps. look at the person without a loss limit (-$18k for the day?!).... Loss limits are there to protect you and give you the opportunity to live to trade another day..

lastly anyone help with making this an image rather than a link? mav I liked how you did it?

So enlighten us on how many combiners finished profitable today versus those who lost



I know you don't want to reveal the numbers so how about the % that were profitable

 

[volente_00]

Quote from Maverick74:

It's one of the ET traders who thinks stops are for sissies. As Michael said, this is what happens when you don't enforce rules on traders. The scary thing is, that guy that lost 18k is looking for someone to back him/her. :eek:

reckon it's lucias or gmst ?

 

[MichaelPatak]

Quote from volente_00:

So enlighten us on how many combiners finished profitable today versus those who lost I know you don't won't to reveal the numbers so how about the % that were profitable

I do not know. Probably the exact same that would be 'percentage wise' at EVERY clearing firm brokerage house out there. I have consistently said the numbers are very similar to live trading. This issue needs to be laid to rest.

mp

 

[Maverick74]

Quote from volente_00:

Show me where I said no one was passing. I said 3-5% will pass the combine.


Of those 3-5%, 95-98% will eventually get sent back to combine


27 live traders out of a minimum of 5400 combine payees



Show me where my math is wrong

No, you've stated many times that you felt the "refund" rate was very low. That was the basis of TST is killing it raking in all these fees from the combines. I stated that I thought more then half of the combiners are getting refunds and rolling forward. You said no way. Now, most of the guys on this thread are disagreeing with you saying it's "easy" to trade on sim and therefore easy to get the refund.

We are in agreement that the success rate of ALL traders whether at TST or Velocity is probably 3% to 5%. That's true across the board. But to get the refund is NOT that hard which means they are only making a fraction of what you think they are on the refunds. I have many of your posts stating this.

So let's try this one more time, what % of the combine traders are getting refunds each month?

 

[volente_00]

Quote from Maverick74:



So let's try this one more time, what % of the combine traders are getting refunds each month?

All you MP

 

[volente_00]

Quote from Maverick74:

That's true across the board. But to get the refund is NOT that hard which means they are only making a fraction of what you think they are on the refunds. I

Since you say it so easy, do the combine like CTD and prove me wrong

Quote from Maverick74:



We are in agreement that the success rate of ALL traders whether at TST or Velocity is probably 3% to 5%. That's true across the board. But to get the refund is NOT that hard which means they are only making a fraction of what you think they are on the refunds. I have many of your posts stating this.

You just stated above that the success rate of being profitable is 3 to 5% yet you say it's way higher to at least end the combine profitable. What the hell are you saying ?????

 

[Maverick74]

Quote from volente_00:

All you MP

I didn't understand your answer. What % of the combiners are only getting the refund each month? Not getting funded. Simply getting the refund. What is that number? I say over 50%.

 

[volente_00]

Quote from Maverick74:

I didn't understand your answer. What % of the combiners are only getting the refund each month? Not getting funded. Simply getting the refund. What is that number? I say over 50%.

I'm awaiting Mike's answer to your question


From the number's previously posted one can infer that roughly 6- 10 % of the total combiners were net profitable today