Topsteptrader
- Thread starter deaddog
- Start date
? ... you should contact the firm directly and ask if you could do such an arrangement in a custom combine.
specially if you explain that you trade specific weekly economic numbers,
or specific days.
or specific days.
? ... you should contact the firm directly and ask if you could do such an arrangement in a custom combine.
You can't apparently. They force you to trade. Scam. Done with this shit.
Dude, enough OK. You obviously have never been employed by a trading firm. If you want to be a long term investor go invest grandma's variable annuity.
I can't believe I am going to defend them but, I am a fair fella:
1. They specifically state that you can't trade 5 minutes before and after oil reports, economic numbers and such.
2. They need a certain minimum number of trades (aka valid statistical sample) to see a tendency in a trader's results. So if one only trades twice a week, that person isn't for TST...
Regarding number 2.
I've seen many of their funded trader reports and it's not atypical with a trader who's motly breaking even, slightly red/green with maybe one good day and then one outlier day where perhaps 80% of the profit target is made in one day (one trade?).
One word: luck.
The tendency of that trader is that he's a loser, but he will still get funded since he passed the requirements. Kind of ridiculous to me.
Obviously, if you're only trading once per year, you're not what they're looking for, but I don't see the deal with having to reach the profit target in 10 days as opposed to say 15 or 20, UNLESS, TST actually is not interested in people making it.
How many trading firms make you pay them for an interview ?
You are not an employee if you are paid via 1099
Actually he won't get funded because he will have to do another sim during live trader prep and odds are he won't get lucky twice in a row
The arguments here are endless and mostly stupid. TST posts all their rules and requirements explicitly. Their prices for a combine are also readily available. If you aren't smart enough to sim trade using their rules to make sure you have a reasonable chance of success then you deserve to lose the cost of the combine. If the rules don't seem fair then don't do a combine and go another way.
There is a difference between something being difficult and something being a scam. Enough people have been funded by them to establish that it is possible.
There is a difference between something being difficult and something being a scam. Enough people have been funded by them to establish that it is possible.