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

atticus · Oct 3, 2012

Quote from londonkid:

well done it's not about me, then why stalk me and dig up old posts. I trade european stocks/futures so I didnt want to commit $25,000 to a US account for PDT rules. I have plenty of accounts with brokers my personal wealth has zip to do with you and guess what, it wont effect your profitability either. muppet.

you just sound like a sore loser, make gross conclusions, probably a horrible little person keyboard warrior.

You should come and visit me here in my office in London, bet you are not so cocksure manno to manno mr macho keyboard warrior homme.

So what if TST is not around in a year, who gives a damn, clearly you do. I say its a great idea, I wish them luck hope they can make good money from it providing a good service.

now you continue on focusing on things that dont matter.

Ahh ok, so you're a baller that chooses not to meet PDT. Yeah, Bro I'd love to visit you in your Canary Wharf penthouse.

I dont have the $25000 to cover PDT rules otherwise I would just open an interactive brokers account.

Bye.

asap · Oct 3, 2012

Quote from Brass:

"Position interview requirements." Interesting choice of words. Not that I have any interest in participating in this project, but no matter how desperate I might ever be for a job, I would never pay to be "interviewed." Moral hazard and all that. On the other hand, if interviewees were willing to pay me a "paltry" $200 a pop to be "interviewed," I would gladly interview them in quick succession all day and into the night. Or, if the "interview process" was lengthy but essentially automated, then I would quickly press the appropriate buttons, collect the $200, and move on to the next "interview." Just saying.

cut the crap, is not an interview in the sense you allude to.

it is an interview/examination of skills that upon approval will lead to become funded by the company.

the company is not a charitable entity, so they charge an examination fee to filter out the wannabe and offset the costs of their IT.

SWScapital · Oct 3, 2012

Quote from Brass:

"Position interview requirements." Interesting choice of words. Not that I have any interest in participating in this project, but no matter how desperate I might ever be for a job, I would never pay to be "interviewed." Moral hazard and all that. On the other hand, if interviewees were willing to pay me a "paltry" $200 a pop to be "interviewed," I would gladly interview them in quick succession all day and into the night. Or, if the "interview process" was lengthy but essentially automated, then I would quickly press the appropriate buttons, collect the $200, and move on to the next "interview." Just saying.

Brass makes a subtler point here.

Take the rules of the combine yourself. Open a sim account elsewhere(or with TST to get the metrics tracked for free and the coaching if you care), they are all over the place free or really cheap. If you can "pass" your own combine week over week for a few months throw 10k into a futures account and "go live, fully funded". If you manage to lose 2k, go put yourself back into the "combine"....rinse and repeat

If you stuck to the same exact risk parameters that they let you run with the live 50k you would do just fine with 10k. These guys wont let you lose more than your cushion which is 5k on a 50k account. Right?

Now I am not knocking, just offering up my .01. And a viable alternative.

My buddy "Scotty" is live with them. But he was trading his own before for years and simply was looking for more capital to trade and this seemed like low barrier and rather devoid of the typical OPM hassle so he ran with it. He has nothing but good things to say FYI.

londonkid · Oct 3, 2012

Quote from atticus:

Ahh ok, so you're a baller that chooses not to meet PDT. Yeah, Bro I'd love to visit you in your Canary Wharf penthouse.

I dont have the $25000 to cover PDT rules otherwise I would just open an interactive brokers account.

Bye.

remember the angrier you get the more it will eat you up and the more the market will take from you. whatever helps you through your issues dude, if it makes you feel good to know I (an anonymous person on the internet) wanted to open a US account with <$25000 that's fine with me. If I told you I am homeless out on the street and that makes your day then have blast on that. knock yourself out. it really is all good.

MichaelPatak · Oct 3, 2012

Quote from Maverick74:

It also defeats the purpose. What is that person suppose to do when they go live? I've tried to make this point before. The goal is not to "win" the combine. The point is to become a consistently profitable trader. Winning does not get you anything. If you go live and lose money, you're going right back to the combine. So what's the point to simply "winning". It reminds me of the college student who spends 4 years cramming for exams where they keep everything in their head for 6 hours and then forget it all. They simply become an uneducated person with a piece of paper that says they are educated. They probably are not going to get too far in life.

atticus the first part of the quote above is probably how I would have responded. Also look at if as if YOU were backing them.

You want that trader to show how they can trade each day they choose to trade. This allows you the best opportunity to evaluate them the most accurately to ensure that individual is someone who will stay funded and producing on an account, not that he had a lucky day in one of his 10 days and WON his way in only to go back to the Combine his first week LIVE.

mp

atticus · Oct 3, 2012

Quote from MichaelPatak:

atticus the first part of the quote above is probably how I would have responded. Also look at if as if YOU were backing them.

You want that trader to show how they can trade each day they choose to trade. This allows you the best opportunity to evaluate them the most accurately to ensure that individual is someone who will stay funded and producing on an account, not that he had a lucky day in one of his 10 days and WON his way in only to go back to the Combine his first week LIVE.

mp

I don't dispute any of that. My point is simply that it's a convenient excuse if you're simply running a site to earn the cash from running sim accounts.

Pay $190 to pass a combine which only gets you an interview?

I really would like to avoid cluttering this thread. I've posted (and you've ignored) my questions on the Q&A thread, but thanks anyway.

atticus · Oct 3, 2012

Quote from londonkid:

remember the angrier you get the more it will eat you up and the more the market will take from you. whatever helps you through your issues dude, if it makes you feel good to know I (an anonymous person on the internet) wanted to open a US account with <$25000 that's fine with me. If I told you I am homeless out on the street and that makes your day then have blast on that. knock yourself out. it really is all good.

Right, I don't want the smart money to get my tilt monies. You know, the guys trading 16 years and still under PDT. I didn't force you to state that you couldn't meet PDT.

I can't tell you how much money I've made in the markets while tilting. If that's dumb money then f*cking A!

MichaelPatak · Oct 3, 2012

Quote from austinp:

If anyone carefully reads & comprehends what the parameters are here... it is crystal clear.

Funded traders need to accomplish a combination of the following in equal importance...

meet the minimum profit objective for their allocation class
be profitable at least 50% of the days... 5 of 10 or 10 of 20
be profitable with at least 45% win rate on trades
larger average profits than average losses

this is not a game or contest to plunge for the $3,500 and sandbag the remaining days. Like Mav said, what does that demonstrate for consistency to fund for managed assets?

too many guys here did what so many men always do: assume it's a contest, look for the prize and ignore the rest. This is not a contest or game to be won on technicalities. It is a live interview for a position that's performance-based.

So perform according to the clearly listed guidelines, or pass. Individual choice

austinp- You are 100% correct. 'It is a live interview for a position that's performance-based'

colonial dr · Oct 3, 2012

Quote from atticus:

Ahh ok, so you're a baller that chooses not to meet PDT. Yeah, Bro I'd love to visit you in your Canary Wharf penthouse.

I dont have the $25000 to cover PDT rules otherwise I would just open an interactive brokers account.

Bye.

atticus nails it yet again.

Hoag, what happened to your son at Morgan Stanley in 2009?

It is bizarre how this forum has more trolls than I've seen before (entertaining I suppose), but also attracts second rate traders. I guess I'm no better for being a jerk though. I don't think Zuckerberg or Falcone were hanging out here for decades. But then what does that make me.........:eek: I'll shutup now and keep the thread clean too.

Best of luck to "Mav" and "surf".

Mike

justrading · Oct 3, 2012

Mav/Surf - This is your journal and in 2 days we are at 35 pages. May I suggest you have a separate discussion thread set up where we can have the back and forth, and keep this free of clutter?