Huh? the program is the same for funded and non funded sim combine traders. surf
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Maverick74 and marketsurfer's TopstepTrader Combine (daily trade reports and journal)
- Thread starter TST_Hoag
- Start date
Huh? the program is the same for funded and non funded sim combine traders. surf
Quote from marketsurfer:
Huh? the program is the same for funded and non funded sim combine traders. surf
Not exactly.
After perusing your blotters - my question on your price drivers.
You don't trade using TA, so you were not watching price fluctuations on the chart, or at least not trading off of those fluctuations. Is it really possible that your price drivers changed that much and that often during one trading session? FA changes but that much and that often?
Quote from marketsurfer:
Yeah, I am a perfect example of a near $5000 swing from profits to losses--- had I been shut off, would still be solidly positive on the session. Is this something on the platform or in their back office? surf
Surf,
I asked this question already on the "Q&A" thread, there is no "auto shut off" with the T4 unless you hit your max loss on the day.
At the equity props (the ones I've traded with) the risk managers will shut down after a specific max loss that you specify.
Patak wrote they want the TRADER to instill the discipine to shut themselves down at their own specified amount, rather than make the risk manager shut it down at max loss for the day.
Quote from Wide Tailz:
OK, so the score on day 1 appears to be:
Price Action: 01
Price Drivers: 00
Awww surf, I love ya, and your haters too. Funny, but ignore them lol.
Seriously, this morning I saw your post moments after about being up a nice phat amount after we hit the highs of the day....was going to post 'take the money and run', or 'it is a combine, make the cash register ring buzzy schwartz style, but didn't want to clutter the thread.
It is a combine after all, you've got to hit that flatten button whenever you feel too happy about the pnl (if you don't take the profits, the winning trade #'s don't go up, the w/l % doesn't go up.) If you had taken those profits frequently you would have beaten Mav's performance - see he went the safe route, didn't extract too much from the ES range...and guess what, slow and steady won the race today. [slow and steady = boring = good trading]
Surf
Do you intend to keep trading even though you exceeded the daily loss limit to be considered to go live ?
Do you intend to keep trading even though you exceeded the daily loss limit to be considered to go live ?
From the first day's screen shots, Surf racked up $525 in commissions vs. Mav's $5.
Those trading the combine may want to take note of how fees/commissions can rack up when taking a scalping approach, especially when you consider that to meet the profit objective, it must be NET of all commissions.
Those trading the combine may want to take note of how fees/commissions can rack up when taking a scalping approach, especially when you consider that to meet the profit objective, it must be NET of all commissions.
Quote from ScalperJoe:
From the first day's screen shots, Surf racked up $525 in commissions vs. Mav's $5.
Those trading the combine may want to take note of how fees/commissions can rack up when taking a scalping approach, especially when you consider that to meet the profit objective, it must be NET of all commissions.
A good point often overlooked. I make 50 round turn trades per day and my batting average is 0.3 ticks per RT trade. It looks like the RT costs being billed are $5.00? GULP This is prohibitive for a scalper. I need RT costs which are less than 15% of tick size otherwise I would get killed in commissions. When you consider a clearing firm on the max volume rebate only pays 19c per RT on the ES the fees look sky high. Is it $5 a RT? That's nuts.