Topsteptrader

[londonkid]

It is more complex than that. BTW, edge doe snot work all the time.

yes I agree it's more complex than that but I stand my opinion that lack of edge is the main reason people fail at trading

BTW, having 10 trading days to make it is a very high fence. It is a very big obstacle to jump over. Everybody needs a bit of luck to do so and yes edge.

Yes a 10 day combine is a tough challenge. The positive for me though is if you at least manage to scratch, and make 5 green days out of 10 then you qualify for a refund or another free try. I agree a little bit of luck will help but the best traders seem to get lucky all the time!

 

[londonkid]

The most important factor is psychology though.

I respect your opinion but I disagree here. As I have written before in this thread if you have a decent edge the psychological pressure is relieved somewhat as you are more often rewarded for remaining on plan and being disciplined. For me method (edge) always trumps psychology. GL.

 

[londonkid]

Thanks for taking an interest Joe. The LTP is going well. I will have some news for you soon.

The news is not good (for me). I failed the funded trader preparation. I am not going to make excuses, I simply didn't trade well enough. I reached 50%+ of the required target twice and both times got impatient and over-leveraged, the second time I did not step off the gas and took the account below zero on day 19.

Next steps are TST offered me a $150k 10 day repeat combine and I am currently on day 1 of that. This is still covered under my initial $400 fee.

So I am on combine #2, my focus is obviously on passing it but I am going to make sure I qualify for another combine by being net positive over 10 days and 5+ green days out of 10, the other rules are a given.

GL.

 

[henryk]

The news is not good (for me). I failed the funded trader preparation. I am not going to make excuses, I simply didn't trade well enough. I reached 50%+ of the required target twice and both times got impatient and over-leveraged, the second time I did not step off the gas and took the account below zero on day 19.

Next steps are TST offered me a $150k 10 day repeat combine and I am currently on day 1 of that. This is still covered under my initial $400 fee.

So I am on combine #2, my focus is obviously on passing it but I am going to make sure I qualify for another combine by being net positive over 10 days and 5+ green days out of 10, the other rules are a given.

GL.

At least you are honest ! A good trader has to be honest with himself as well as know his strengths and weaknesses.I think that the target for your Funded Trader Prep is 4500. Just lower your position size to 1-2 lots and if you are down 450-500 ( during the Prep period) for the day just stop.

Good Luck!

 

[smallStops]

The news is not good (for me). I failed the funded trader preparation. I am not going to make excuses, I simply didn't trade well enough. I reached 50%+ of the required target twice and both times got impatient and over-leveraged, the second time I did not step off the gas and took the account below zero on day 19.

Next steps are TST offered me a $150k 10 day repeat combine and I am currently on day 1 of that. This is still covered under my initial $400 fee.

So I am on combine #2, my focus is obviously on passing it but I am going to make sure I qualify for another combine by being net positive over 10 days and 5+ green days out of 10, the other rules are a given.

GL.

At least you have a good attitude.
The main advantage of the combine is to be able to identify one's weaknesses.
Here some of weaknesses are psychological :
- both time got impatient: over-leverage and not stepping off the gas.

 

[Pekelo]

I actually wanted the kid to succeed, so he could have figured out on his own just how realistic TST's Live rules are. Never give up, never surrender, keep calm and carry on, I guess. He still stays on my Ignore, until he gets his first paycheck from TST.

In other news, I got curious how our good friend Austin did with his trading room set up trying to pass the Combine trading CL. Guess what? The links I provided earlier (post #1439) are now mysteriously broken, and any mention of TST is missing. Who would have thought?

So since this is summer time and vacation and such, please could someone PM me when somebody finally:

 

[londonkid]

At least you have a good attitude.
The main advantage of the combine is to be able to identify one's weaknesses.
Here some of weaknesses are psychological :
- both time got impatient: over-leverage and not stepping off the gas.

I agree with you. The TST process does reveal your weaknesses. Being impatient is one of mine and it can manifest itself in overtrading/over leveraging. Overconfidence/ego is also in the mix too. I thought I had it in the bag twice but it slipped away and I abandoned my sizing down protocol.

 

[volente_00]

The news is not good (for me). I failed the funded trader preparation. I am not going to make excuses, I simply didn't trade well enough. I reached 50%+ of the required target twice and both times got impatient and over-leveraged, the second time I did not step off the gas and took the account below zero on day 19.

Next steps are TST offered me a $150k 10 day repeat combine and I am currently on day 1 of that. This is still covered under my initial $400 fee.

So I am on combine #2, my focus is obviously on passing it but I am going to make sure I qualify for another combine by being net positive over 10 days and 5+ green days out of 10, the other rules are a given.

GL.

I thought you only have 10 days to reach the target ?

 

[londonkid]

I thought you only have 10 days to reach the target ?

The funded trader prep that I was given had a 60 day time limit.

 

[smallStops]

I actually wanted the kid to succeed, so he could have figured out on his own just how realistic TST's Live rules are. Never give up, never surrender, keep calm and carry on, I guess. He still stays on my Ignore, until he gets his first paycheck from TST.

In other news, I got curious how our good friend Austin did with his trading room set up trying to pass the Combine trading CL. Guess what? The links I provided earlier (post #1439) are now mysteriously broken, and any mention of TST is missing. Who would have thought?

So since this is summer time and vacation and such, please could someone PM me when somebody finally:

Pekelo : can you spice your offer up. I mean passing the Combine, then the TLP, then receiving the first check is not a given. So could you offer something "concrete" ( show me the money you referred to) when any ET member gets its first TST check.