Quote from ScalperJoe:
What? Hmm, let's see what they offer with a paid membership:
1. Futures trading classes on various topics, offered DAILY to members.
2. IDT program: A four day course called the "Intuitive Development for Traders Course" (additional fee of $250)
3. Platform education
4. Video archives
5. Live interactive chat room with daily market commentary
6. A simulated trading account, etc, etc.
I'd say it's an education company, but you're entitled to your opinion.
Quote from volente_00:
Harder ?
I would make it longer say 8 to 12 weeks but with a realistic profit goal.
If you are taking a 40% haircut then why does it matter if they are making 5k a month or only 2 k as long as they are consistently profitable.
Keep in mind 95% will fail your combine so the backing of live traders will not even come directly from your pocket
Quote from gmst:
And if you can please answer the risk limits your 7 figure buddy made trading CL. Please find out the exact limits from him, his DD also, and post info here. I will also learn something.
Peace.
Quote from Maverick74:
Joe, you don't have to sign up for any of that garbage. Over 99% of the people just pay for the combine. Look, the reason they have to call it an education company is the same reason why financial newsletters always have the disclaimer that the information within is for entertainment purposes only. It's a legal disclaimer.
I saw the TST site when they first went live. They didn't have any courses until recently. It was all combines all the time. Look dude, you're a nice guy and I don't want to argue with you. I'm actually getting a migraine from the back and forth on this thread. Have a great labor day weekend.
Quote from Maverick74:
Yes it would be harder but I agree with you it would be much longer and the the profit goals would be de-ephmasized but the risk management would be heavily scrutinized. I actually have an idea in my head how it would look. Maybe tomorrow I'll put it down on paper. Why? I have no idea why I'm going through this exercise. LOL..

Quote from volente_00:
It was also free back then, then $30, then $60, now $160-400. The rules were also more relaxed.

Quote from gmst:
Just trying to model the business model using 'reasonable' assumptions.
When I said success rate increases to 10%, this increase in success rate applies conditionally only to combiners who made it the first time. For the guys who could never make it the first time, the success probability stays at 1%, as it should - since we know that the long term unconditional probability of passing combines among all traders is around 1-2%.
However, the traders who are successful in their first attempt to go live, they are good traders (and not just lucky - at least this is what Patak wants us to believe). So, for these traders with skill, I assumed the conditional probability of success after every successful move into live trading increases by 10%. Cheers.