I'm doing the combine with Maverick... He obviously approves.
Surf's Special Situation Journal
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I'm doing the combine with Maverick... He obviously approves.
OK, so that is the real reason. Sounds better than the " Who wants to pay $150 for papertrading to make 0.1% profit so Surf could STFU about TA"?
I can even help you to write the article. The rules are set up so badly against traders, that even decent, profitable traders would have trouble passing the mark for evaluation. And what's more... They don't even have to back you up even when you have passed, they can ask you to repeat it again (and probably again and again).
So I assume the article will be about How to squeeze people who are bad at math out of money...
One more note on the TA thingy... You could just contact the people leading the board on combine and the first one saying "I used TA" should STFU you....
Quote from Pekelo:
OK, so that is the real reason. Sounds better than the " Who wants to pay $150 for papertrading to make 0.1% profit so Surf could STFU about TA"?
ules are set up so badly against traders, that even decent, profitable traders would have trouble passing the mark for evaluation. And what's more... They don't even have to back you up even when you have passed, they can ask you to repeat it again (and probably again and again).
So I assume the article will be about How to squeeze people who are bad at math out of money...
One more note on the TA thingy... You could just contact the people leading the board on combine and the first one saying "I used TA" should STFU you....
..
Another excuse from THE TA brigade---- you don't have a clue and this post proves it. Ask Maverick about the Combine, I believe he is a respected source.
About 5% of the combine make the grade and get free funded 50k accounts. so please knock off the lies and mistruths.
surf
No, you are missing the point. I make no claims--- whereas there are many empty suit talkers on this site who claim to make all their wins via TA. One just TODAY made a comment that this person will make 50,000 over the 10 days of the combine so that's the excuse. I call total BS on these claims and request that JUST ONE OF THE TA brigade step up to the plate and take the challenge--
If you claim you struggle with TA or whatever, I have no issue and wish you the best but I strongly urge you to look at the method and change it if you want to succeed. I am only talking to the big talkers. You know who you are. surf
Alright, you wanted a guy who got funded and he is using TA only, here he is. (since you are too lazy to look up profiles):
[drumroll]
Ladies and gentlemen, I present you Henry, from the United States. He has been trading 10-15 years, using moving averages....
http://www.topsteptrader.com/ViewProfile/henry/3/p/1
So I declare the Surfer's challenge fulfilled and I expect him to STFU about TA in the future... (well, not really, he lacks integrity)
P.S.: One of the coaches also 100% TA.
The challenge is for the elite big talkers who make the claims of success like 50k in 10 days etc. Not for anyone else. Put up or shut up--- all i have heard is excuses.
I was toying with the idea, but there is only one real good reason to do it and that is getting funded. To disprove Surf, one could post 1-2 trades here and get it done.
If I get the rules right (for ES traders) here they are simplified, summarized:
- You are basicly trading a 10K account with 1 car.
- You have to make 14 pts profit by the end of the period.
- You can not lose more than 4 pts on any given day.
- You do have to trade the 10 days in a 30 days period.
- Your winning average has to be bigger than your losing average.
- (they are not exactly clear about overnight futures trading)
etc.etc.
So oversimlified, one has to make an average 1.4 pts profit per day for 10 days without losing more than 4 pts on any given day.
I don't particularly like that 4 pts loss rule. As I mentioned earlier, one can make 3 pts for 9 days, lose 5 pts on the 10th (2.2 pts average) and won't get funded.
Oh yes, and it is in the rules, that even if you pass, you are still not automatically funded, but subjectively judged.
So in short, the rules are too tight, and I don't feel like paying for proving Surf wrong. (he does that himself)
Good post, NoDoji, and I agree with most of what you wrote. Just a quick question, if I may. I recall asking you some time ago how many markets you can follow using your rather intensely focused and discretionary intraday approach and, if memory serves, you replied "one." If so, then why two separate day trading accounts now and, if you are trading more than one market with such intensity, how did you manage to squeeze more instuments into that approach?
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