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

[SteveNYC]

Quote from Maverick74:

Surf, you realize this thread would attract a world record amount of ET trolls. That thread would require some pretty heavy moderating.

Mav can't pass the Combine. Neither can Michael Patak, the creator of the Combine. If they get lucky and pass, they will be back to the Combine. It will be a revolving door between the Combine and live trading.

Those who can do. Those who can't run Combines.

 

[SteveNYC]

Quote from Maverick74:

We have to come up with a name like Hollywood does for couples when they combine their names. Such as Marf or maybe Mavsu or Surma. Any ideas?

----------------------------------------------------------------------------------



You guys have long names that don't have simple sounding "combine"able hehe names.

The best I could do is MaMa74.

Simple and easy to pronounce and remember.

 

[SteveNYC]

Quote from uptik2000:

I guess my pic of the "Dumb and Dumber" movie poster was deleted by a moderator.

Lol.

Well if MaMa74 isn't good, than how about D.A.D.74?

D.A.D. would be short for Dumb and Dumber.

 

[SteveNYC]

Quote from Don Bright:

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

Sounds like Mav is excited b/c he is going to do the joint Combine. Like a kid the night b4 Christmas.

The Combine is basically a trading test administered on a simulator. You pass the test and you are funded.

It doesn't test your trading skills.

 

[SteveNYC]

Quote from Maverick74:

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/

I think Mav really really likes the Combine.

 

[SteveNYC]

Quote from Don Bright:

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.

It's an online "con"test. Lol.

 

[SteveNYC]

Quote from hitnrun:

we are talking about commisisons on futures

good money to be made at $ 5.00 per r/t for ptp

when your trading prop you would think your going to get rock bottom rates with giving up a split of profits , not happening

at $ 5.00 r/t on cme contracts , your going to churn yourself to death if your trading for ticks

these guys should be paying $ 2.00 r/t for a prop model , a fair deal

you pay more then retail prices in a prop model , that is insane

Plus there is the 60/40 split. You only keep 60% of your profits.

 

[SteveNYC]

Quote from hitnrun:

we are talking about commisisons on futures

good money to be made at $ 5.00 per r/t for ptp

when your trading prop you would think your going to get rock bottom rates with giving up a split of profits , not happening

at $ 5.00 r/t on cme contracts , your going to churn yourself to death if your trading for ticks

these guys should be paying $ 2.00 r/t for a prop model , a fair deal

you pay more then retail prices in a prop model , that is insane

Plus there is the 60/40 split. You only keep 60% of your profits. Plus no salary and benefits.

 

[SteveNYC]

Quote from Maverick74:

Every deal is good for some and bad for others. At my old firm we raped guys on rates. I mean raped them. Do you know why they came to us? Because they wanted to be able to trade stock, options and futures in a JBO environment. If they could have done that somewhere else at better rates, they would have. But they couldn't.

Do you know why I paid 1.7 cents at worldco? Because I wanted to work with one of the best pure tape readers in the country.

Not everyone on ET wants to scalp stock for a living. Personally I rather teach 3rd grade public school then grind out a living scalping pennies. But some guys like that. So they need to find a shop where they can get rock bottom rates.

Please stop litigating this over and over. People are free to trade with whoever they want and how they want.

Mav, I only paid 1 cent/share at WorldCo. Hahahaha.

Did ya also get hit with the $5 ticket charge? Lol.

But at least you got to trade with the best tape readers in the country.

I sure did.

 

[SteveNYC]

Quote from icarus618:

A person without money and without access to money to fund an account is in no position to dictate terms. So long as the terms are clearly spelled out, even a remote opportunity to make a few bucks upon demonstrating the requisite trading performance seems pretty good. Were I back in college, I would have jumped at something like this. Why not? I had little money as a college student and with part-time jobs it took me awhile to save $2500 to open my first account at a discount broker to play the stock market using the Investor's Daily delivered to me in the morning. That was back in the 1980's.

That being said, I do not understand the enticement for someone who can trade to do a combine for nothing. What is the reward? Just to take the time to learn a new trading platform, there would have to be a big incentive for me. We're heading into the election and the end of the year and the markets are picking up. Who would fiddle around with a simulated account when the market is in the most tradeable phase for the year, except perhaps some broke kid who can't trade anyway?

If this TST firm wants participation by people on this board who can actually trade, offer some incentive. Put up some cash to anyone from this board who passes the combine under your terms.

You said exactly what I was thinking but didn't b/c I didn't want to bad pr TST.

Profitable traders are better off at Bright Trading probably.

There is nothing at TST for profitable traders.

I don't want to trade with rookies or mooks.

I also don't want to be handcuffed with all the protective restrictions. They will mess up my head and trading.