Or perhaps 27 out of 5400 is a better statistic
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Mav's Combine Proposition
- Thread starter Maverick74
- Start date
Or perhaps 27 out of 5400 is a better statistic
Quote from volente_00:
refunds ?
What % of the 180 min new combines sold do you think get refunds every month ?
Over half. It's not that hard dude.
Have you exactly read all of the requirements for it ?
I have. Make one dollar in profit and be able to hit some very basic metrics. Again, it's not that hard dude. I agree, the p&l objectives are challenging. But to get the refund, not so challenging.
I believe this grosses a min of 336k per year.
Go fish.
Throw in 240k annual in over head which I think is on the high side and the net is still a min 6 figure net.
Go fish.
The fact remains the owner is not doing this for charity and considering the performance of the 27 live traders the revenue has to be coming from something or do seriously think he is just throwing money away on something unprofitable ?
I think they are investing in the "potential" that this has. I'm sure it's marginally profitable at this point, but not by much.
Come on Mav
No way in hell 50% are even net profitable in combine much less able to jump through all the conditionals.
How do you derive 50% get refunds because the numbers just don't add up
We are talking the majority who have very little futures trading experience.
Combine is set up just like trading. The fresh meat must keep paying in order for the big fish to take their money month after month.
No way in hell 50% are even net profitable in combine much less able to jump through all the conditionals.
How do you derive 50% get refunds because the numbers just don't add up
We are talking the majority who have very little futures trading experience.
Combine is set up just like trading. The fresh meat must keep paying in order for the big fish to take their money month after month.
Quote from volente_00:
Come on Mav
No way in hell 50% are even net profitable in combine much less able to jump through all the conditionals.
We are talking the majority who have very little futures trading experience.
Combine is set up just like trading. The fresh meat must keep paying in order for the big fish to take their money month after month.
Let me ask you something. How many guys do you know make money on sim? I know a lot. Guys can tear it up on sim. It's monopoly money. Trading is not that hard if you take out the pressure of real money. I agree once you put real money behind a guy everything changes, but come on. On sim? I can show you guys that make billions on sim. Ever see how much money those people make in the CNBC investing challenge? There are people who make 10,000% returns. It's easy when it doesn't count. Real money, I agree, different story.
Quote from Maverick74:
Let me ask you something. How many guys do you know make money on sim? I know a lot. Guys can tear it up on sim.
Most make money on sim because they average down and use huge or zero stops. None of that will pass under the rules of the combine to get refunded
I actually think one of the benefits if you could pass the combine is since you are trading opm that you are less emotionally attached to the money so you may have a higher chance at succeeding longer term versus trading your own money.
I found it interesting that he did say those who go live usually have their sim earnings cut in half.
Quote from volente_00:
Most make money on sim because they average down and use huge or zero stops. None of that will pass under the rules of the combine.
Oh come on. Please. They make money because you don't feel the heat of real trading. BTW, you can martingale on the sim. Yes you have stops but good lord man, they give you 2k daily stop on a 100k account. Just trade one to two lots of something that moves, not ES!!! Come on don't BS me. I agree the p&l objectives to get funding is hard. But the refund is not that bad. Go listen to some of the interviews on youtube. I would say 80% of these guys have traded live accounts before. Undercapitalized sure, but they have traded before.
Quote from Maverick74:
Oh come on. Please. They make money because you don't feel the heat of real trading. BTW, you can martingale on the sim. Yes you have stops but good lord man, they give you 2k daily stop on a 100k account. Just trade one to two lots of something that moves, not ES!!! Come on don't BS me. I agree the p&l objectives to get funding is hard. But the refund is not that bad. Go listen to some of the interviews on youtube. I would say 80% of these guys have traded live accounts before. Undercapitalized sure, but they have traded before.
99.9 % will never meet the $8500 target trading 2 lots in 100k combine. That's only asking them to make 8.5 es points for 10 days straight with zero losing days. Just one drawdown day and then they have to make $10,500 or 105 es points just to go live. I suspect even if they jump through all the hoops and end up net positive and get a refund they will eventually get reckless because the only way to pass the profit objective is to trade max size with a smaller daily point average which will eventually lead to a losing combine or a burnout from trying over and over with smaller size and never reaching profit target.
traderchi128
Guest
Quote from volente_00:
No money from the horses ?
Most horse owners lose money. Schwartz had a few nice fillies, but that isn't where you make money in the horse racing game. You have a great male/3 year old who goes to stud...that's where the money is. He did well with the fillies/mares, but probably not enough to effect his net worth.
Quote from volente_00:
99.9 % will never meet the $8500 target trading 2 lots in 100k combine. That's only asking them to make 8.5 es points for 10 days straight with zero losing days. Just one drawdown day and then they have to make $10,500 or 105 es points just to go live. I suspect even if they jump through all the hoops and end up net positive and get a refund they will eventually get reckless because the only way to pass the profit objective is to trade max size with a smaller daily point average which will eventually lead to a losing combine or a burnout from trying over and over with smaller size and never reaching profit target.
Then how do you explain the 24 live traders they have now? Look, I stand by my statement. The refund is not hard, going live is very challenging and I agree, no more then 3% to 5% will ever go live. Of course you can say that about futures trading in general. I highly doubt more then 3% to 5% are even profitable.
I'm curious, what do you think is so hard about the refund? Can you be more specific instead of saying it's so hard. Having more up days then down days? Having a winning % of more then 45%? Care to spill the beans?