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

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.
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Yes, this is what Maverick is talk about on the page 9.


Quote from Maverick74:
I plan to trade only the morning hours and only a one lot. My trades will be thought out and managed well. The key is picking your spots, don't over trade and don't scalp.
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Quote from volente_00:

Surf


Do you intend to keep trading even though you exceeded the daily loss limit to be considered to go live ?
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Yeah, never had the need to get funded. Thanks!

surf
 
Quote from taclander:

"In the Combine, you’ll trade real-time futures in a simulated, no-risk environment" Not sure how long you have been in this business, but I maybe have been here too long. Real time in a simulated enviroment? I have heard vendors make this claim before. It sounds like the implication is real time data, but what I am looking for, is the data real time, and there is no look back capability? Ie you are trading real time, not in any form simulated, delayed etc. I have grown old and tired of analyzing every statement. I want the truth, unencumbered. Is the data live. Yes or no?
Again not looking to be a prick, just a simple answer. Live data, not simulated live.
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taclander- It is a real-time data feed. You are seeing the same market as someone with live capital in it. I hope that helps?

mp
 
Quote from marketsurfer:

Good idea. I am off this high right now, took a few riskier trades:

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You were doing really well here... You can make money that's for sure...

AND then...

Quote from marketsurfer:

Talking about tilt-- got a bit too aggressive into the lunch hour--

2wc2rt5.jpg
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Well your aggression made you money!

What you need to do is figure out where your method stops working and stop trading then... If you can't do that then get yourself a trading partner to manage your risk for you. The guy should just be there to make a decision on when to shut you down no questions asked.

You were really close to beating the Combine and pressing the bet was the right move. Unfortunately, things turned on you and you lost. Not a big deal... I'd rather have a guy swinging +$3K a day with a $1K stop loss than guys who don't make any money. As long as you can find a way to keep some of those profits.
 
Quote from marketsurfer:

Thanks for the clarification, Makes sense. 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
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Surf- For live funded traders we would step in and talk to the trader if trading like that.

We look at this as how the major leagues has a pitching coach that comes out to the mound to calm down their talent or see what is going on if they gave up the lead or are not pitching well. That is what we do, and that is what the high-water mark is there for as well. To keep the money in your pocket. This if for traders that are still in the LIVE Combine.. you can get details on this here: http://www.topsteptrader.com/fundedtrader

mp
 
Quote from MichaelPatak:

Surf- For live funded traders we would step in and talk to the trader if trading like that.

We look at this as how the major leagues has a pitching coach that comes out to the mound to calm down their talent or see what is going on if they gave up the lead or are not pitching well. That is what we do, and that is what the high-water mark is there for as well. To keep the money in your pocket. This if for traders that are still in the LIVE Combine.. you can get details on this here: http://www.topsteptrader.com/fundedtrader

mp
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Yeah, makes sense. I had a HUGE win at my old prop firm, it made my month, but I was actually reprimanded for taking too much risk despite the win..... so I get what you mean. Thanks! surf
 
Quote from CoolTraderDude:

You were doing really well here... You can make money that's for sure...

AND then...



Well your aggression made you money!

What you need to do is figure out where your method stops working and stop trading then... If you can't do that then get yourself a trading partner to manage your risk for you. The guy should just be there to make a decision on when to shut you down no questions asked.

You were really close to beating the Combine and pressing the bet was the right move. Unfortunately, things turned on you and you lost. Not a big deal... I'd rather have a guy swinging +$3K a day with a $1K stop loss than guys who don't make any money. As long as you can find a way to keep some of those profits.
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That is your observation. Here is mine:

attachment.php


The very thing by which marketsurfer makes money is the thing by which he loses that same money. Over the course of his trading, there has been no demonstrable asymmetry between the two to suggest competence.

However, perhaps this time will be different.
 

Attachments

Quote from ScalperJoe:

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.
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Scalperjoe- We watch accounts but ultimately the trader is the RISK MANAGER of their account. They are responsible for everything that happens as they are in control of that account whether that be the Combine account or the LIVE funded account.

mp
 
Quote from Brass:

That is your observation. Here is mine:

attachment.php


The very thing by which marketsurfer makes money is the thing by which he loses that same money. Over the course of his trading, there has been no demonstrable asymmetry between the two to suggest competence.

However, perhaps this time will be different.
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Actually, I mentioned "Fooled By Randomness" in the other thread and all these guys jumped all over me... You're right by the way. Great book...
 
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