Nope. You can trade as many as you want in the combine. Awhile back they use to have a 2 product limit.
Cooltraderdude's TopstepTrader Combine (daily trade report and journal)
- Thread starter TST_Hoag
- Start date
Nope. You can trade as many as you want in the combine. Awhile back they use to have a 2 product limit.
Quote from CoolTraderDude:
Hi Don...
The Combine is a simulator as well... All of this trading is done on a simulator that mimicks live trading.
Oh, gotcha, no real trading. All this is free for the trader? I remember something on the web that did the same thing a while back. OK, I guess it's fun then, better than playing online poker or whatever. I did misunderstand, I thought there was some money involved, either being paid by the traders or backed by Mr. Patak. Way too much reading to do, LOL.
Hope you do well.
All the best,
Don
edit: Now I'm more confused. If you're not really trading, and there is no money involved, why would there be any restrictions on how many days you can trade? If it's all for fun, or paper trading, why would anyone care? Maybe I'm still missing something. Appreciate any more input CoolTraderDude.
Don, let me help you out here. The World Series of Poker. You're pretty familiar right? OK good. Now, satellite tournaments before WSOP. Still with me? Good. Guys pay into the satellites to try to win a bid to get into the WSOP for the big purse. Still with me? Perfect. This is kind of like that.
It looks like Top Step is limiting simulator trading to CME products. If that's due to a desire to keep the software reasonably simple and the data fees down, that makes sense. But are the CME softs (coffee, cocoa, sugar) suitable for a retail trader, whether simulated or with real money? Based on a glance at the CME site there's essentially zero volume and open interest (kind of like the ICE grains).
I think there is two seperate questions there. The first is, is volume even relevant on a sim? What I mean by this is, if the CME products trade tick for tick with the NYMEX softs, it should not matter. If a trader goes live and they trade those products, I assume they would be trading them on NYMEX and not CME.
Second part of that question, should any newbie be trading the softs regardless? In my opinion, absolutely not.
What's with the attitude? WSOP people pay to enter satellites, and they play for real money, and the top prize may be an entry into the big game. Some sell their right to play in the big game, transferable assets. I have friends who play 100 satellites every year, and end up making cash money. Some satellites have cash winners as well, they're called Super Satellites. Either way, Not like paper trading with on group or another, one called a "Combine" the other called, whatever it's called. Not the same at all. I see your point however.
And, it's not a big deal Mav. I was under the impression that when you moved up into the "Combine" you were actually trading. I was wrong It seems. Geez...
edit: They have online poker sites where you can play for fun too, and work your way up to win prizes too. South Point has just gotten permission to add Real Money to theirs. All sorts of fun things to do.
Don
Don,
You seem a little concerned about this new business model. It's a great idea to get players into the game. You never know where you will find talent. I'll bet on a bright knock off combine one of these days!
surf
You seem a little concerned about this new business model. It's a great idea to get players into the game. You never know where you will find talent. I'll bet on a bright knock off combine one of these days!
surf
No attitude here Don, just answering your question. This IS for REAL money. And you DO PAY to play. Top prize is a 1.5 million dollar notional funded account. So the similarities are the same. Pay to enter. If you qualify, play with real money. Get paid with real money. Don, I'm not stupid. I specifically used this analogy to help you understand. Don, if you simply went to their website, all these "questions" you seem to have would be answered in 5 minutes. If you are smart enough to run a JBO, I think you are smart enough to read the content on their website.
Here is the link if you need it:
http://www.topsteptrader.com/
Not concerned at all, just trying to understand it. As I mentioned above, there are free poker sites, but if they charged the players to play on the free sites, then they wouldn't be free I guess. Anyway, as mentioned, simulated trading has been done for a long time....I just haven't seen much of it lately. Since all the platforms are pretty much commoditized by now, not much reason for it.
I get your point about some sort of online contest, but like all paper trading, traders tend to get a false sense of security, or, if they suck at paper trading, still think they can make real money, LOL.