I should have been clearer in that I meant the specific 3% drawdown rule is not present. I know you have an obsession with 'cushions' and days 1-10 of funded but perhaps focusing on passing a combine first might be more fruitful. Every trader needs to have a sensible scaling plan, you work your way up to size, you simply trade to whatever cushion/drawdown parameters you have at hand.
Topsteptrader
- Thread starter deaddog
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I should have been clearer in that I meant the specific 3% drawdown rule is not present. I know you have an obsession with 'cushions' and days 1-10 of funded but perhaps focusing on passing a combine first might be more fruitful. Every trader needs to have a sensible scaling plan, you work your way up to size, you simply trade to whatever cushion/drawdown parameters you have at hand.
there you go with your cushion obsession you have quite a penchant for soft furnishings lol. the rules are the rules, the trader cannot change them far better to focus on what you can control. i.e. edge and discipline. Just for you I have attached a little picture.
My future goal is I want to get myself into a position where a solid months performance (5 to 10%) will equate to c. £100k in post tax earnings. I would like to do this trading OPM in a risk controlled environment with a clear defined rule set. For me personally my performance is better in this structure. The % split is less of a concern to me, its more about the post tax earnings I will receive for a solid months performance.
With reference to TST my plan is to trade with them and work towards the above goal. Throughout the combine and funded trader prep I have been trading my personal account in the normal fashion taking the same trades.
Thanks for the good luck wishes but even if do go on to post a decent check from TST it's not going to change/prove anything at the doom mob for the reasons i already mentioned. The photoshopped/got lucky/outlier posts will come out.
Could not pass it
Here substitute war for trading and you got it
"Fortune, which has a great deal of power in other matters but especially in war, can bring about great changes in a situation through very slight forces.
Julius Caesar"
Could not pass it
Here substitute war for trading and you got it
"Fortune, which has a great deal of power in other matters but especially in war, can bring about great changes in a situation through very slight forces.
Julius Caesar"
What you have written kind of implies that you didn't pass it as you didn't get any luck. I would question whether this is actually the case. Say for example you take a modest 3 trades per day, that works out as 30 trades for a 10 day combine or 66 trades for 1 month combine. Whilst it is possible for a trader to get lucky and make it through a combine it is much more likely skill.
With solid risk management and position sizing I don't think failing a combine over 66 trades can be put down to not having luck, that's my opinion others will differ.
If I had failed a combine, possibly multiple combines and my risk management/position sizing had been sound then I would question whether i actually had an edge rather than blame not having luck. my 2c.
You clearly missed the point with my repeated references to the cushion.
Those who have equity and are able to build upon that equity are the ones that will take decent sized checks. Therefore, the MOST important part of the equation is the cushion. NOT the combine, the cushion.
We observed from Crispy's posts that even after one year the "scale up" didn't work. He clearly stated that he "would not talk money" and there's a reason for it. By Crispy's own admission, although he was profitable, the account size was too small, and he spent a year and a half before realizing it was not worth pursuing further.
Look, there is REALITY, and there is FANTASY.
When TST claims "150 traders passed a combine" it may cause a newbie trader to buy into a FANTASY of making money trading futures in a live account.
If one evaluates the opportunity objectively, then one MUST fully understand that it's the cushion they build within the first 10 days that will determine whether or not they have any chance to even monetize the scale up plan.
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there you go with your cushion obsession you have quite a penchant for soft furnishings lol. the rules are the rules, the trader cannot change them far better to focus on what you can control. i.e. edge and discipline. Just for you I have attached a little picture.
Thanks, although I have no obsession with cushions, I do have a Tempurpedic mattress. It's quite an expensive "cushion" but well worth it in my opinion.
I've attached a link, in case you decide to purchase one with your first check in the live account. Of course, AFTER you have built a decent sized cushion.
http://www.tempurpedic.com/
Dude. One traders experience means NOTHING. His edge clearly wasn't big enough. This defeatist attitude is going to take you anywhere or help you pass a combine. You have already failed more than one combine and you are bleating on about the experience of one live trader that you say failed because his account was too small. You don't know that. Why continue to take combines and fail them if it's such a bad deal lol.
Dude. That is so ironic. If you actually focused on what matters to you then you might stand a chance. Find an edge and trade it with discipline forget everything else. Of course you can suggest my thoughts are fantasy but I am not the person who cannot pass a combine.
Now you are going rogue and sound like a bad loser. It's just the same old losing trading venting (self protection) again.
OK so you are telling me to evaluate the opportunity objectively. Dude, I passed my combine 1st time, you have been failing why would I want to take your advice let alone accept you telling me to evaluate something objectively. This is the sort of nonsense that goes on via forums/social media.
No luck on live account. I passed 3-4 combines and 1-2 LTP. I actually lost count. But it is all history now.
a good effort Shiko. Would you say your lack of success in the live account was down to bad luck or not having a strong enough edge? (or perhaps some other reason).