lol.
for some reasons, it is only very much far down the line that many traders start taking
"how the mind works" seriously.
Topsteptrader
- Thread starter deaddog
- Start date
lol.
for some reasons, it is only very much far down the line that many traders start taking
"how the mind works" seriously.
nice to see another combine.
I think the problem of how some define edge, is because in the back of their mind they think "automation" . When you start talking skills, talents as 'edge', that's not what they want to hear.
I know this was mentioned already in a few other threads but I thought it would be worth mentioning here as well.
http://tradingadvantagecapital.com/
You kiddos have some choices now...
http://tradingadvantagecapital.com/
You kiddos have some choices now...
Austin, there is a thing to pass Combine. Trader needs to have 55% winning days and be consistent... I wonder, does Crispy employes trailing stop as I am very protective and move stop to BE +1 tick whenever either I am in profit certain amount around my original risk or price stuck at certain level even less than my original risk. Also, markets tend to trend not every day and often trends happens before market opens when I do not trade. I wonder is Crispy utilizing hands off approach when his trade either win or lose or he manages trades. i am trailing every profitable trade and many ends BE or around same amount as I risk. But I noticed that usually if price keeps coming back it has high probability of taking my stop loss out. From my back testing results with trailing stop are still 25-30% better than with win or lose approach. plus consistency. If I am not wrong Marty Schwartz also had problem with letting profits run and still he was very successful. On the other hand I was letting profits run for some 12 months and did not make even roll over until I decided to go with profit targets.
Ok, I am still on Combine although I hit target minus 1 tick form target. I have taken next Combine now.
I do not add to losers. I did not and do not do any home runs. I always have profit targets both for trade and for a day and I am trailing those. While I was taking 2 lots position on $50K Combine I am strictly on 1 contract with $30K combine.
I also have frequent slippage on simulation. 50% of my trades got slippage. I actually incorporated it into testing. so, I believe I am trading exactly within Junior Trader parameters. I also asked TST to provide me with news releases schedule for the instrument I am trading to avoid being in trade before news release.
I do not add to losers. I did not and do not do any home runs. I always have profit targets both for trade and for a day and I am trailing those. While I was taking 2 lots position on $50K Combine I am strictly on 1 contract with $30K combine.
I also have frequent slippage on simulation. 50% of my trades got slippage. I actually incorporated it into testing. so, I believe I am trading exactly within Junior Trader parameters. I also asked TST to provide me with news releases schedule for the instrument I am trading to avoid being in trade before news release.
I personally do not see TST as training tool but career choice as I have no risk capital of my own.
I already got it that moving up the ladder is 100% dependent upon building that cushion which increases amount of contracts available to trade.
It means only one thing. It all depends upon how trader trades and how consistent he/she with both controlling risk and taking profits. Hit rate too of course.
I do not think it is about having home runs but slow and steady. Plan should be made not only for trading but for gradual slow and steady building equity.
I already got it that moving up the ladder is 100% dependent upon building that cushion which increases amount of contracts available to trade.
It means only one thing. It all depends upon how trader trades and how consistent he/she with both controlling risk and taking profits. Hit rate too of course.
I do not think it is about having home runs but slow and steady. Plan should be made not only for trading but for gradual slow and steady building equity.
I know this was mentioned already in a few other threads but I thought it would be worth mentioning here as well.
http://tradingadvantagecapital.com/
You kiddos have some choices now...
Are you the equity partner in this one Mav??
Are you the equity partner in this one Mav??
Yeah I've got equity stakes in all of them. I'm cornering the market!!!! I'm also long vol on all the TST threads on ET. I picked up some cheap premium when they died down for a while. Best trade ever. Now this shit is deep deep in the money.
I have checked their site. There is no mentioning of some sort of skin in the game fees which I am sure are revealed once appointment is made. But I have checked their parameters and they are even more restrictive than TST imho.
$400 a day max loss, $1600 max DD and $3000 target on $30K account.
Max position 4 contracts but with $400 daily loss limit it is mostly about trading 1 contract until at least some intra day cushion is build to risk 2 contracts trade using already accumulated daily L&P. With 1 contract trader gotta be very consistent and risk averse. $400 is ok for 1 contract but target looks a bit high but can be done of course.
$400 a day max loss, $1600 max DD and $3000 target on $30K account.
Max position 4 contracts but with $400 daily loss limit it is mostly about trading 1 contract until at least some intra day cushion is build to risk 2 contracts trade using already accumulated daily L&P. With 1 contract trader gotta be very consistent and risk averse. $400 is ok for 1 contract but target looks a bit high but can be done of course.
I know this was mentioned already in a few other threads but I thought it would be worth mentioning here as well.
http://tradingadvantagecapital.com/
You kiddos have some choices now...
I have to agree with Mav all the way on everything he's said.
I think people trade index futures all the wrong way. People trying to make multiple points a day on multiple trades is crazy. People should trade much less and target one point a month imho. Index futures are best for liquidity. They are good for large funds who grind out 1-2% a month.
Also, to go along with what Mav has said, I started trading for a equity prop firm in 09 and pretty much just bleed slowly. The most valuable thing I learned was from seeing the results of the best trader there. He worked the hardest of anyone outside of market hours and traded the least of anyone during market hours. He would trade once or twice a month. Big calculated risk trades. The rest of us would be grinding ourselves up intraday and all of a sudden he shows up with 200,000 shares of SPY and hold for a dollar move.
I think people trade index futures all the wrong way. People trying to make multiple points a day on multiple trades is crazy. People should trade much less and target one point a month imho. Index futures are best for liquidity. They are good for large funds who grind out 1-2% a month.
Also, to go along with what Mav has said, I started trading for a equity prop firm in 09 and pretty much just bleed slowly. The most valuable thing I learned was from seeing the results of the best trader there. He worked the hardest of anyone outside of market hours and traded the least of anyone during market hours. He would trade once or twice a month. Big calculated risk trades. The rest of us would be grinding ourselves up intraday and all of a sudden he shows up with 200,000 shares of SPY and hold for a dollar move.