not trading is also a trade....how does that fit in with rules?
if you feel the market does not want to be traded for 1-3 days then what?
if you feel the market does not want to be traded for 1-3 days then what?
TopstepTrader Q & A
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It's a "view" ... I don't think it's a "trade"?
Then you don't trade. There are no maximum time-limits. It's designed to be suitable for people who might not want to trade every day, and for people who trade only one instrument that doesn't always offer a trade for them on every individual day.
You have to have done one or more trades on each of 5 separate days, to pass the first part of the Combine, and I think 10 days to pass the second stage, but they don't have to be 5 or 10 consecutive trading days: you can just trade whenever you want.
Have you traded futures before, TraderGOD?
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yes stock futures quite profitably and my biggest profit was in reliance call options -500 % in one month-in 2004-07
but i think i am trading spot forex
the confusing part is the timing-nothing that cant be overcome...of course. but living in India...
Yes, I take your point.
TST have been saying that they intend to have a spot forex Combine, too, in additional to the current futures one (but to be honest they've now been saying that for an awfully long time - I mean years - without it ever materializing, so I wouldn't hold my breath waiting for it!).
There'll be equivalent front-month futures for some of the spot forex pairs you trade, though: I used to trade EUR/USD and GBP/USD when I first started trading, and I still sometimes trade 6E and 6B futures now (which are essentially the same thing, just like 6J is essentially the same as JPY/USD, i.e. the inverse of the usual USD/JPY traded in spot forex, etc.).
You're probably 4.5 hours ahead of London time, in India? But you must be used to that? What do you mostly trade at the moment?
Ooh, finally ... thanks very much - I hadn't realized!
(Ignore my already-out-of-date comment above, TraderGOD, and apologies for it!
).why would anyone continue to give up 20% of their profits unnecessarily once they're up and running? No reason that I can see.
WELL....look at the managed accounts and hedge funds, they trade for the inverse of what TST offers, ie., they take 20% of the net profits, and that has been the standard for as longs as i can remember! So give up 20%, and take 80%, TST knows, that the failure rate is high in funded accounts, otherwise, WHY WOULD TST GIVE UP 80%???
WELL....look at the managed accounts and hedge funds, they trade for the inverse of what TST offers, ie., they take 20% of the net profits, and that has been the standard for as longs as i can remember! So give up 20%, and take 80%, TST knows, that the failure rate is high in funded accounts, otherwise, WHY WOULD TST GIVE UP 80%???
I think I have figured out why it is so hard to complete a combine. The 5 day rule...you have to be profitable at day 5 and thereafter, if at day 6 you're up 500, your trailing drawdown is you're starting balance of 50k, or 500$, now the odds of moving up to the target before getting clipped at -500 is very low..also, same when you do FTP with a 10 day window.. am I off?
The huge difference is in the size of the funding involved, needless to say.
They're not doing the trading?
Yes - far off: no offense meant at all, but to be honest, I think you've almost completely misunderstood how it works.
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