Maverick74 and marketsurfer's TopstepTrader Combine (daily trade reports and journal)

Marketsurfer Day 8 Trade Reports:

surfday8_crude.png


Maverick74 Day 7 Trade Reports:

mavday7_30yr.png


mavday7_Emini.png
 
Quote from d08:

Clearly you want to believe it DOESN'T work as you brush aside any evidence that says it works and continue with your ignorant tirade.

A 10-day challenge means nothing, if you look into the P/L thread you see the most successful traders who have posted in the last few weeks only have around 60% in profitable days. Performance is judged on a much longer period, 10 days only attracts degenerate gamblers.
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Hmmm, the TA brigade claims differently. In fact, their leader calls her system an ATM machine---

http://www.elitetrader.com/vb/showthread.php?s=&threadid=250930&perpage=6&pagenumber=13

The pl. thread is hardly a controlled environment for testing. I agree, 10 days is too short, but at least it's a start. Why do the trading gurus here avoid it for the most part?
 
Quote from marketsurfer:

Hmmm, the TA brigade claims differently. In fact, their leader calls her system an ATM machine---

http://www.elitetrader.com/vb/showthread.php?s=&threadid=250930&perpage=6&pagenumber=13

The pl. thread is hardly a controlled environment for testing. I agree, 10 days is too short, but at least it's a start. Why do the trading gurus here avoid it for the most part?
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Maybe Borsellino doesn´t like the "Scout team will draft you ...........and additional evaluation time may be requested" :-)

happy trading

eagle 11
 
Surf anyone with a half a brain (and i hope you are simply playing this up and not serious) realizes if you need backing and this is legit its possibly well intentioned.

For you to taunt others who think its a waste of time denegrates the intention and believabilty that this is legit.... furthermore i am considering that this quite possibly may be yet another scam with you and mav using this as a feeble attempt to pay your bills. Tell me this is not the case?
 
Quote from Mike805:

The more I think about this scenario, the more I see the potential for TST. Its clever.

From a business model standpoint, the $160 per month fee for the *opportunity* to trade on a sim is quite a lucrative income for TST. It's a revenue stream wherein they can screen out good traders based on pie-in-the-sky performance metrics.

What this venture does is sucker-in the wanna-be for a fee. It relies on fresh suckers every month to keep that $160 subscription revenue alive. For the promise to manage money... some will do anything for ego purposes...

None of the metrics for trader evaluation are reasonable. I say this as I can provide a track record trading futures (YM, ES, US, CL, TY) profitably for the last 4 years. These are efficient and difficult markets that require substantial skill. Anything over 20% yearly is fantastic IMO and to consistently make $3500 in 10 days with a $1000 loss limit is pure bullshit.

All futures markets test the trader, that's the idea.... pain is what one has to handle to trade these markets successfully. If this competition was even slightly reasonable (e.g. run by successful traders), the parameters would be negatively skewed R/R over a 3 month period. As in a 3500 draw for a 3500 profit AT A MINIMUM.

This is what I mean: say you have 100k. 20k for the year is good return. 60% profitable months is a good risk measure. a 3-1 return to draw is a very good ratio.... so to achieve 20k in profit, seeing a 6.3k drawdown is very reasonable. So one is going to see 3500 draws all the time... even when reaching for a somewhat *modest* 20% return.

LOL ... This setup is just a way for TST to collect monthly fees guys. Very few professional managed futures funds can even come close to 20% a year... let alone the numbers TST is screening with.
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what would TST do with a print like this?

http://www.elitetrader.com/vb/attachment.php?s=&postid=3652747
 
Quote from sellindexvol66:

Surf anyone with a half a brain (and i hope you are simply playing this up and not serious) realizes if you need backing and this is legit its possibly well intentioned.

For you to taunt others who think its a waste of time denegrates the intention and believabilty that this is legit.... furthermore i am considering that this quite possibly may be yet another scam with you and mav using this as a feeble attempt to pay your bills. Tell me this is not the case?
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No, I truly believe this is a good idea to get people back excited about the markets. I don't work for or with TST nor am I getting paid to promote.

I only request proof from those who make extraordinary claims. It's not taunting, it's asking for verification. They twist and turn every which way except to present evidence in a controlled setting such as the Combine. Their excuses are ridiculous.
 
Quote from sellindexvol66:

Surf anyone with a half a brain (and i hope you are simply playing this up and not serious) realizes if you need backing and this is legit its possibly well intentioned.

For you to taunt others who think its a waste of time denegrates the intention and believabilty that this is legit.... furthermore i am considering that this quite possibly may be yet another scam with you and mav using this as a feeble attempt to pay your bills. Tell me this is not the case?
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Domestic, please leave me out of the scam talk. I have no affiliation with this firm nor does Surf. He asked me to do this combine with him and I obliged despite having a plate full of other things on my table at the moment both personal and professional. I'm quite surprised by you to actually make the accusation against me. I assume I'm misinterpreting your comment and I apologize in advance if I did.
 
Quote from Maverick74:

Domestic, please leave me out of the scam talk. I have no affiliation with this firm nor does Surf. He asked me to do this combine with him and I obliged despite having a plate full of other things on my table at the moment both personal and professional. I'm quite surprised by you to actually make the accusation against me. I assume I'm misinterpreting your comment and I apologize in advance if I did.
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Mav, i said "considering" ( in other words one of many guesses, speculations on my part.."my part" is the operative word)

Knowing how much time i have after a real trading day (sure i am raising a young family and wife, then more vix studies at night taking more time) i find it hard to see how you can dedicate so much time to this unless there is a return from it. Sorry if i made it sound like you were doing something underhanded... But cmon. U spend more time on this than i do trading the curve.

Even now apart from trader pl posts, i am taking important time away from my modeling and find it hard to fathom posting thousands of words and the assumed work involved doing sims.
 
Quote from sellindexvol66:

Mav, i said "considering" ( in other words one of many guesses, speculations on my part.."my part" is the operative word)

Knowing how much time i have after a real trading day (sure i am raising a young family and wife, then more vix studies at night taking more time) i find it hard to see how you can dedicate so much time to this unless there is a return from it. Sorry if i made it sound like you were doing something underhanded... But cmon. U spend more time on this than i do trading the curve.

Even now apart from trader pl posts, i am taking important time away from my modeling and find it hard to fathom posting thousands of words and the assumed work involved doing sims.
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Sellindexvol, I spend minutes a day on this. I was asked to participate and felt everyone on the other TST threads would go apeshit if I refused. So I went along with it. I honestly don't have any time to put into this and for that I feel bad. I put a few limit orders out in the morning with stops and minimize the platform. If they get hit, I put a time stop on them and get out. It requires no time. I wish I could do more with it but at the current moment I just can't free up the time. Like I said, I felt obligated not to back out and I spoke to Michael about this. But the talk of scam this scam that, it just gets old after awhile. We are all adults here. I've tried to keep this thread on topic and have had no such luck. Nothing but personal attacks page after page. Everyone is attacking everyone on every issue under the sun. ET is really waring on me. The childishness just gets so old. It blows my mind that so many otherwise mature and intelligent adults have to resort to this behavior day in and day out. I apologized to Magna earlier for my involvement in any of those posts as well and I'm simply ignoring all the stupid rants for now, which means 90% of this thread. I hope this explanation will suffice for now. You and I have known each other for years so I was somewhat taken back by the post. You know I have been trading for 15 years and the last thing I would do is run a scam on ET. I think the same goes with Surf. I've met him in person and he is a stand up guy in real life. As I'm sure you are. Next time I'm in the NY/CT area I'll buy you a drink.
 
Quote from Maverick74:

I honestly don't have any time to put into this...... But the talk of scam this scam that, it just gets old after awhile.
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You do realize that your participation doesn't prove anything either way??? In short, you are wasting your time.... Just so you know....
 
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