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

Quote from volente_00:

The rules are structured to prevent this. But I agree they are probably trading scared at the start and become a gunslinger at the end. That is the problem with fixed number targets. None of us know on any given day what we may take out of the market
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volente_00- We have the program structured that if you will not make the money to reach the profit target (which gets your account reviewed for funding) you can still work to be eligible for a refund/rollover. To do this you don't have to make any money in the Combine but you do need to meet these requirements:

http://www.topsteptrader.com/deposit

We have many rollovers that have an ending balance the same or extremely close to the starting balance. This keeps the sound trader (or scratch trader) who has good mechanics in our program working on what they need to work on at no cost thus allowing us to retain talent and develop it. When it ready... we call them up to the majors for a shot with PTP capital.

mp
 
Quote from chicagodon:

Out of curiosity, is the best 10 days out of 30 if they trade all 30 or can only trade 10?
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chicagodon- You can choose any 10days to trade withing 30 calendar days. A trading day is considered a day when you have a fill. So you can work orders off the market if the market never comes to you (which will instill patience as we tell our traders and recruits to let the market come to you) this would not count as a trading day.

mp
 
Quote from MichaelPatak:

chicagodon- You can choose any 10days to trade withing 30 calendar days. A trading day is considered a day when you have a fill. So you can work orders off the market if the market never comes to you (which will instill patience as we tell our traders and recruits to let the market come to you) this would not count as a trading day.

mp
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Gotcha thats what I assumed thanks
 
Rought time to start learning to trade, or make a case to get backed. I have more products on my screens than ever in order to watch for what is moving during the day. I have ventured back to equities also, which I haven't traded for awhile. I think it was Mav that mentioned earlier, CL, EC, and even grains and gold are things to keep on the screens. I've developed a few equities I watch and listen and scan for others each day. I have taken maybe 5 ES trades this year, and about the same for the NQ.
 
Quote from volente_00:

"Overall Average Win Duration greater than Overall Average Loss Duration"


Mike can you post an example of this
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From my Trade Station days, I remember this being a measurement of how long you sit in your winners and losers. I think Ninja has this as well. So say you get long crude and get out at a loss and you were in the trade for a total of 5 minutes. Then your duration will read 0:05.

Then your next trade you catch a winner and you milk this baby for over an hour, say one hour and ten minutes, then your win duration would read 1:10.

This metric basically wants to see that you don't sit on losers and you hold your winners. This is NOT a good metric for a scalper obviously.
 
Quote from Maverick74:

No sim fees Don. The sim uses a commission rate to replicate net p&l in the "real" world. Nobody I know of in the real world can trade commission free, not even Goldman!

Don, do you watch football? The word combine comes from the NFL combine where guys get to showcase their talent in front of NFL scouts to either improve their position in an upcoming draft or if they are an older player, show that they still are healthy and have the goods to deliver. That is how the word combine is being used here. It allows traders to showcase their talent.
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Good, was hard to read the fees portion.

No, I've never heard the term "combine" - but I don't watch sports much. Sort of a "America's got Talent" type of thing I guess, OK, thanks.

Don
 
Quote from satchel:

And it is looking like a super trend day, additional 20 pts up from here. :D
Gotta pick the days. Forcing to trade every day is forcing the ground beef trades when you want to look for steak.
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And there you go, fresh highs, 5 hr trade but pays big. Not exactly super trend b/c of the shite in the martini hour but good enough from the opening low prints.

Best of luck to you CTD. stay away from CL. ES is just fine, consolidate, breakout, consolidate breakdown, rinse and repeat. Trade the instrument you know.
 
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