Topsteptrader

I keep reading about the 11 day balance.?? There is nothing I can find about it on TST.
What exactly is this.?? What are the real rules for the 100/150K FTP..??
Thanks
 
Loooppy99 said:
There is nothing I can find about it on TST.
What exactly is this.??
More...

And this is why this thread exist. We interpret the rules and explain the practical strategies. :)

Basicly whatever profits you have made in your first 10 days of Live trading is your cushion to lose going on from there. Or as TST calls it, the 150K account...
 
Loooppy99 said:
I keep reading about the 11 day balance.?? There is nothing I can find about it on TST.
What exactly is this.?? What are the real rules for the 100/150K FTP..??
Thanks
More...

yeah so when you are in FTP or live account you account cannot go negative after 10 days of trading. So your net profit from days 1 to 10 becomes the maximum drawdown figure going forward.

example 150k FTP or live account. daily loss limit is $3k, weekly loss limit also $3k, max draw is $4.5k. if you make $3k net days 1 to 10 then on day 11 the max draw is now $3k. This is why the day 11 is important however don't get influenced by the losing mentality shown by many on this thread. Let's say you only manage to make $1500 days 1 - 10, all is not lost. On a 1 lot on CL thats 150 ticks you can lose before you blow out. A decent trader on CL will be able to build $5k in a couple of weeks on a 1 lot. I am not saying it's easy merely if you know how to trade and are not gambling like most then its perfectly doable.
 
Thanks. yes definitely doable. I will be trying out for both TST & MES in a couple of weeks. If I trade my usual system with patience & discipline I shouldn't have too much trouble passing both. Cheers
 
Loooppy99 said:
Thanks. yes definitely doable. I will be trying out for both TST & MES in a couple of weeks. If I trade my usual system with patience & discipline I shouldn't have too much trouble passing both. Cheers
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may I enquire as to what MES is? is it a TST competitor/alternative?
 
ScalperJoe said:
I differ with his definition of trading aggressively if it suggests exceeding the scale up required by the live account. In other words, trade AS IF it was already a live account and thereby with the scale up rules, weekly loss rules, etc.,
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That seems good advice, to me.

I disagreed with most of what he said, thought it was silly, and wasn't at all surprised that his Combine lasted only 3 days.

I see many people failing Combines through using excessive position-sizes.

If you have a good method with a genuine edge, excessive position-sizes are certainly one of the ways to screw up a Combine, where patience would get you through.


ScalperJoe said:
you also mentioned the majority of traders are passing the 30k combines
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I didn't actually say that at all.

Nor do I believe that's so.

I mentioned that others in this thread have said that the average Combine-level people are passing works out at around $30k. Given all the people I see passing who have taken $100k/$150k Combines, if "around $30k" is indeed the average (and I have no evidence either way, myself, on this point), then there must certainly be huge numbers of people passing the $10k Combine, to make the figures average out that way.
 
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