Topsteptrader

Mav,

There's been a few changes at TST with regards to funded guys. From what I've been told there are no more free combines for funded guys who then get sent back to the combine. It used to be free combines for life and then it went to two free combines and now I believe it's none.
 
NDJeff02 said:
Mav,

There's been a few changes at TST with regards to funded guys. From what I've been told there are no more free combines for funded guys who then get sent back to the combine. It used to be free combines for life and then it went to two free combines and now I believe it's none.
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This is from their website:


What happens if I struggle as a funded trader?
← Futures Funded Trader

A funded trader can opt for the Redevelopment Opportunity and they will receive two complimentary 10-Day Combines. Details will be discussed with each funded trader.

I think that's kind of stupid but even with two free combines, that's after you fail twice. If you fail twice AFTER being funded, well, I guess you better change your trading style and move on.

I should be point out to anyone who is doing this, even if you are broke and this is your only path, you need to have a stop loss in life on anything you do. You don't want to wake up one day and be 50 years old and still trying this. Give this ENTIRE process 6 months. If it's not clicking, move on. There is an opportunity cost to not working.
 
Commodity_Trader said:
if drawdown rule is in effect until a specific amount of cushion is built , other combines worths looking but in action you can not trade more than 3 contracts with 150k account (to stick to the weekly loss limit until cushion is built which has no difference with 30k account) .Whats your recommendation for someone who has an edge and have some track record and is consistent but look for trading higher number of contracts ?1-continue trading his own account 2-try 100/150 k combine of TST 3-try 30k combine of TST and gradually build it because it has no weekly loss limit 4-other options...?
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Regarding other avenues of funding, you could give this a look:

http://www.fundseeder.com/

I should note that this model is not anything new and in the past I've never heard good things about it, however at least there is a real recognizable name behind it. I haven't read the fine print but it doesn't cost anything to find out more.
 
shiko2000 said:
Trader should have personal daily loss limit lower than maximum daily loss limit of TST.
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of course, but even if a trader has daily loss limit lower than max daily loss limit,he can not have two or more losing days per week which makes it impossible in other combines
 
ScalperJoe said:
The "max lot size" is quite irrelevant on the 150k account since you run the risk of maxing out the total draw quite fast, the same goes for the daily loss limit.

The max DD is based on a closing balance each day.

The calculation is as follows:

Maximum Allowable Draw/Maximum Allowable Losing Days = "TRUE" loss limit

If you're doing the 10 day combine, you need a minimum of 6 winning days and cannot exceed a maximum of 4 losing days (to keep the 55% winning day ratio).

So on the day you start the 150k combine, it's $4,500/4 = $1,125/day. This is the average "TRUE" loss limit when you consider the maximum allowable losing days.

In other words, whatever combine you choose, the closing balance for each day cannot decrease by the maximum allowable draw if you get into a series of losing days, regardless of how much P&L you have made in the preceding days.

Since nobody can predict when they will be in a slump or losing streak, one may consider having their personal daily loss limit equal to or LESS than the "TRUE" loss limit to improve the odds of passing the combine.
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that's exactly what i meant ,with daily loss limit of 1,125$ ,you can not trade even on 5 minute time frame and with 10-15 contracts.
 
i will be thankful if someone can answer these questions :

1-they claim that after upgrading to a Senior trader ,everything will be negotiable ,for example what defines daily loss limit and maximum position size of a Senior trader ? his cumulative profit ? for increasing 1 contracts how much cumulative profit the senior trader need ?

2-can we customize wining days to 30%?

3-the days that a trade was done but it was with zero P/L (break even),counts as a winning day or losing day ?
 
I myself already set a limit. If by January 1 I am not funded or funded and kicked back to simulator and my trading is nothing to be ashamed of, I am going to fund my own account and move on.
I already made my math. I still want to be funded but time is also important.
I value my time.
I think 6 months is a bit too little. It took me some 12 months before I started making improvements but my situation is unique.


I liked your comment Mav that stop loss needs to be used for everything.

Maverick74 said:
This is from their website:


What happens if I struggle as a funded trader?
← Futures Funded Trader

A funded trader can opt for the Redevelopment Opportunity and they will receive two complimentary 10-Day Combines. Details will be discussed with each funded trader.

I think that's kind of stupid but even with two free combines, that's after you fail twice. If you fail twice AFTER being funded, well, I guess you better change your trading style and move on.

I should be point out to anyone who is doing this, even if you are broke and this is your only path, you need to have a stop loss in life on anything you do. You don't want to wake up one day and be 50 years old and still trying this. Give this ENTIRE process 6 months. If it's not clicking, move on. There is an opportunity cost to not working.
More...
 
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