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

[MichaelPatak]

Quote from Laissez Faire:

They have to draw the line somewhere...

It`s $1000 for the larger account.

But who knows, maybe it`s negotiable.

Either way, it`s not a rule that should limit the trader by any means, rather the opposite.

And yes, after the cushion is built, which is only $5000, the trader is free to do as he pleases.

Exactly and yes it is negotiable. We don't want to hurt you, the rule is to protect you but it can be adjusted once you speak with a scout when you get brought up.

mp

 

[Maverick74]

If these guys put as much time into their own trading as these rules, they would never have to worry about money ever again. But anyway...let's get back to the rules!!!!

 

[ScalperJoe]

Quote from Laissez Faire:

Actually, it`s not obvious to everyone, since a lot of people in this thread have misunderstood this rule.

Also, you did not quote it directly, since you stated: I will stop trading if my Net P&L is greater than $500 OR my net P&L has pulled back ___% off my high watermark (Realized net P&L high of the day). Pullback should NOT be greater than 50%.

I substituted OR with AND from your original quote, which makes it a completely different rule.

Oops, you're right, I overlooked the "AND" since it stated "$500 or $1000", but the remaining portion does in fact say "AND".

 

[nazzdack]

Quote from CoolTraderDude:
----S&P....
----Euro....

1) I believe you need to be extremely careful with trading too many different markets in the Combine Program. :eek: :eek:
2) According to some of the "fine print", you have to satisfy the rules and guidelines for EACH market you trade. You can't do it from an aggregate "portfolio basis" only. :eek: :eek:

 

[Crispy]

Quote from nazzdack:

1) I believe you need to be extremely careful with trading too many different markets in the Combine Program. :eek: :eek:
2) According to some of the "fine print", you have to satisfy the rules and guidelines for EACH market you trade. You can't do it from an aggregate "portfolio basis" only. :eek: :eek:

Is this correct? A trader can make money, beat the RR guidelines beat the % days won and the % of trades won...BUT if they lose $1.00 in one particular contract over the course of the combine then its a no-go? Cmom?

If this is true I want to hear the reason why.

 

[Maverick74]

Quote from Crispy:

Is this correct? A trader can make money, beat the RR guidelines beat the % days won and the % of trades won...BUT if they lose $1.00 in one particular contract over the course of the combine then its a no-go? Cmom?

If this is true I want to hear the reason why.

No, it's not true. You have to satisfy "2 of the 3" criteria. So you can lose money in one contract or several of them for that matter.

Furthermore, you can even get rid of that criteria entirely in the custom combine.

 

[Crispy]

Quote from Maverick74:

No, it's not true. You have to satisfy "2 of the 3" criteria. So you can lose money in one contract or several of them for that matter.

Furthermore, you can even get rid of that criteria entirely in the custom combine.

Understood.

 

[Laissez Faire]

Quote from ScalperJoe:

Oops, you're right...

Of course.

 

[Maverick74]

Quote from TheMan:

Mav,

Any thoughts on this?

I would entertain the idea if another ET'er wants to jump in as well. I'm busy at the moment with a few things but maybe later this fall I would entertain the idea. Do you honestly think anyone on the TST threads that were attacking me would trust me to give a fair review? LOL.

 

[startraitor]

You are like judge-fucking-judy-mav when it comes to authority around here.

Quote from Maverick74:

I would entertain the idea if another ET'er wants to jump in as well. I'm busy at the moment with a few things but maybe later this fall I would entertain the idea. Do you honestly think anyone on the TST threads that were attacking me would trust me to give a fair review? LOL.