The deposit cost depends on the size of the account. On avg it's 200 bucks. And yes, they will allow the guys to lose whats in their contract. I was being conservative with the two combines as they claimed they would let a guy fail 4 times. So the 150k combine you get booted after 6k in loses. If they re-set his losses 4 times that 24k for one guy alone.
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The deposit cost depends on the size of the account. On avg it's 200 bucks. And yes, they will allow the guys to lose whats in their contract. I was being conservative with the two combines as they claimed they would let a guy fail 4 times. So the 150k combine you get booted after 6k in loses. If they re-set his losses 4 times that 24k for one guy alone.
Such traders who fail live and go back to combine come back to live again fail again are extremely rare breed - suffice it to say that they don't exist! So, your calculation is meaningless! LOL.
Probability of above is 1 in 1000.
Guys who do the round trip one more time compared to above, they are even rarer.
Probability is 2 in 10000. LOL.
I explained all the mathematics involved in another post. LOL.
Rare? Wait. That's what not what you said earlier. I thought we both were in agreement that most of these guys that go live are NOT going to make money. Are you changing your story now and saying they are great traders?
Let's get your fiction straight. Do you or do you not believe the live traders are profitable?
Yes, most of the guys who go live are not going to make money and they will fail. But the chances of those same guys going live again is very small. Simply because the unconditional probability of combiners moving to live is very small in the first place - something like 1%-3%. So, the chance of same guy getting twice into live trading is incredibly small.
Once a trader goes to live and fails and is moved back to combine, conditional probability of him going back to live is extremely small. So, such traders who do to and fro from combine to live to combine and again to live are extremely rare breed.
I did a detailed mathematical post earlier in the thread. If you can't follow it and understand it, god helps you
Quote from gmst:
Yes, most of the guys who go live are not going to make money and they will fail. But the chances of those same guys going live again is very small. Simply because the unconditional probability of combiners moving to live is very small in the first place - something like 1%-3%. So, the chance of same guy getting twice into live trading is incredibly small.
Once a trader goes to live and fails and is moved back to combine, conditional probability of him going back to live is extremely small. So, such traders who do to and fro from combine to live to combine and again to live are extremely rare breed.
I did a detailed mathematical post earlier in the thread. If you can't follow it and understand it, god helps you
Dude, I think I get it. I can't believe I over looked this. You simply can't trade. Their combine is not that hard dude. It's hard. But it's not impossible and no way in hell is it 1000 to 1 odds. I think the only reason you put the odds that high is because YOU can't do it. Stop projecting your failures on to others. Do you really think it's that hard to make 5k or 10k trading 5 to 10 lots of crude oil or the Euro or bonds? These contracts move 2k to 3k a day per contract. You really think it's that hard? I'm curious, what about it is so hard for you? Five lots of crude oil is 500k worth of oil. You can't make 500 a day on 500k worth of oil. That's 1/10th of one percent! LOL.
Hi gmst,
I have traded since 1990--- on and off professionally, currently it's a hobby. I also write for several trading/investing sources regularly-- since writing is another passion. I raise capital for hedge funds in a small way--- placed 35 million over the last 3 years. Back in 2004, a content partner for Yahoo Finance hired me to do a series of interviews with the hot hedgees, money managers, etc--- this is how I got into the capital raising business and made connections with many top talents...
Thanks for asking, surf
Not going to happen, if the guy get's failed from live trading, he will be doing good just to pass the combine again because his live performance proved his combine performance was an outlier. Not to mention his ego will be crushed and he will be mindfU%*ked from then on. Once again the numbers don't lie, 27 live traders from 30 months of combines of 180 -500 participants each and none are producing more than 30k annual. Even using the low number of 180 participants x 30 months gives you all you need to know. 27 live traders out of a minimum of 5400 paid combiners. This alone proves that even if you go live you will have a minimum 99% chance of failing at live trading and sent back to combine where you will eventually burn out or quit.
Since you are in the business
How many retail futures traders do you know who make it past
1 year?
5 years?
10 years ?
What a great marketing pitch directed at newbies, disguised as if you are writing to me. But your aim is write in a way such that newbies can read and think oh yes 1/10th of a percent - thats not hard. LOL Everyone knows newbies in this business are overconfident, and your writing just caters to that overconfidence.
You yourself said earlier in this thread that you think less than 1% of traders go from combine to live in their first attempt. For failed live traders doing combines, I gave them an odd of 10% to move to live again- which is 10 times the odds you gave at 1%. Stop cheating newbies, Maverick. You have become an ET joke! The famous ET tout! LOL!!
Unfortunate reality is - Its a losing proposition to engage a tout like you in any conversation. Since for every post that you write here, you get paid. But every post that I write here, I am paying with my time.
And finally, you are a failure in life - thats why you have to engage as a tout to Patak. I pity you. LOL.
If this combine is not that hard, WTF are there no traders making money at Patak?????????????
Quote from NoDoji:
They want "critical members" of ET to prove themselves. I'd love to see any one of the "TA doesn't work" camp take advantage of this and demonstrate to us deluded dreamers what really DOES work.
http://www.topsteptrader.com/Combine
Here's the link. You are the " critical" TA proponent who should step up to the plate and take the offer. Are you brave/confident enough? It's just 10 to 20 days--- I'll even pay the small basic fee on your behalf--- nothing to lose.... And huge respect to gain...not to mention shutting my big mouth! LOL!
Quote from gmst:
What a great marketing pitch directed at newbies, disguised as if you are writing to me. But your aim is write in a way such that newbies can read and think oh yes 1/10th of a percent - thats not hard. LOL Everyone knows newbies in this business are overconfident, and your writing just caters to that overconfidence.
You yourself said earlier in this thread that you think less than 1% of traders go from combine to live in their first attempt. For failed live traders doing combines, I gave them an odd of 10% to move to live again- which is 10 times the odds you gave at 1%. Stop cheating newbies, Maverick. You have become an ET joke! The famous ET tout! LOL!!
Unfortunate reality is - Its a losing proposition to engage a tout like you in any conversation. Since for every post that you write here, you get paid. But every post that I write here, I am paying with my time.
And finally, you are a failure in life - thats why you have to engage as a tout to Patak. I pity you. LOL.
If this combine is not that hard, WTF are there no traders making money at Patak?????????????
I know Mav personally, he is far from a failure. He doesn't get paid to post LOL, but rather is a well connected guy who likes helping others. surf
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