Topsteptrader

[Commodity_Trader]

--That only tells me the company is really hurting.
--but I'm of the belief that this company is operating on the margin. Look it up if you don't know what that means.

the latter sentence means that it may disappear suddenly and passing multiple combines may not be worth it in long term ?
Marv. i asked you a lot of times ,is there any way(rather than TST) for a unknown remote trader who worked hard for years on "consistent trading" and don't have access to enough capital ?

 

[Maverick74]

I don't appreciate you insulting my math. hehe. I bet I have taken more math classes (both at the undergrad and grad level) than most people here. Plus, currently,I work in the fields of analytics & data science so I do mathy stuff everyday. This is not a pissing contest. hehe. Just sayin'.

Anyhow, perhaps you are right. I haven't read all the postings. My only interest was for scaling. The only reason I would ever consider TST is for scaling. Throwing 20-100 lots.

The profit targets to go from jr to sr traders is less than what a lot of people in nice corp job get in their biweeklys. But I totally understand their audience. I was there once years ago.

But if guys want to practice they can do it for FREE on sims. No need to pay TST for sims. IB has free sims. Just open a bare minimum account and trade on sim until they are consistent. Or if you don't have the $2K to open an IB account then get a free simulator. There are plenty out there with historical data.

So, I'll stick with own account. BTW, if you know of a real prop house that let one scale 20-100+ cars then I'll be interested..

It's not a pissing contest. And it's not just on this thread. It's on every thread on ET. A site dedicated to financial trading in which no one understands financial math. It would be like a bodybuilding site where nobody knows how to perform a proper squat.

Anyway, let me ask you this. How did you think the math was "suppose" to work in terms of scaling 100 lots at TST vs scaling 100 lots in your own account and explain to me the difference. Since "you" were the one who said this was the only advantage you saw. Now, to be fair, maybe I'm missing something here, happens a lot. And I admit to being wrong a lot on this website. So I'm all ears as to how the math works in your favor at TST vs your own account. And let's not even bring the commish into it. I just want to focus on the scaling.

 

[Maverick74]

And btw, you need 10k to open an IB account, not 2k. But I digress...

 

[Maverick74]

the latter sentence means that it may disappear suddenly and passing multiple combines may not be worth it in long term ?
Marv. i asked you a lot of times ,is there any way(rather than TST) for a unknown remote trader who worked hard for years on "consistent trading" and don't have access to enough capital ?

On the futures side, you could try to setup a CTA business. But that business has really gone to shit. Man I can't believe how fast the CTA's got destroyed. I mentioned that fundseeder.com program run by Jack Schwager. I know nothing about it though. On the equity side you could form an RIA business. You could manage funds through IB's friends and family account structure. Or just keep building your own equity.

 

[nemesis45]

Nemesis45,

Does it mean Sr. Trader cannot get higher daily limit loss until he makes $15K profit? If $30K trader would make it to Sr. Trader, have some say $4000-5000 built cushion doe sit mean he would have to play with $500 daily loss limit. It would mean still 1 contract for me for example. And it would mean making $15K with 1 lot can take up to a year or more. Not a good prospect.

Please see the BMT Thread with Q&A session with Michael. It is live and you can ask him any question. The scenario you say was definitely the case for 50k combine. He would answer on Monday I guess. Best if Michael answered this himself.

8$/RT, is unheard of, you would bleed trading RT's, but they said negotiable later on, still you cant negotiate from 8 to 2? There is always a risk of small shops running down in this business, hard to look for financially sound firms, but it is one risk which i hate to take. I'd prefer to worry only about my own trading.

You actually found brokers offering you 5? you can get under 4 with a broker for sure.

Scaling up is the same man everywhere, no one stops you once you are profitable, generally.

 

[shiko2000]

I have money management plan for increased size which I would put in writing as a trading plan. I know the risk so it is all about cushion being flexible and size increasing or decreasing along the cushion increase or decrease.
It would be in my rules applied for approval so I do not think there should be any issue. especially that daily limit increases would be incremental based upon my cushion increase.
Considering my accumulated cushion on sim which I am counting all the time, I would have been coming close to get to 3 contracts by now, but form my perspective I have not been trading 100%.

Most of the brokers I checked had better than $5 fee. If I am trading along my plan 100% there cannot be too many trades. 2-6 a day most probably. But I have tendency to trade a bit too much sometimes.

Please see the BMT Thread with Q&A session with Michael. It is live and you can ask him any question. The scenario you say was definitely the case for 50k combine. He would answer on Monday I guess. Best if Michael answered this himself.

8$/RT, is unheard of, you would bleed trading RT's, but they said negotiable later on, still you cant negotiate from 8 to 2? There is always a risk of small shops running down in this business, hard to look for financially sound firms, but it is one risk which i hate to take. I'd prefer to worry only about my own trading.

You actually found brokers offering you 5? you can get under 4 with a broker for sure.

Scaling up is the same man everywhere, no one stops you once you are profitable, generally.

 

[nemesis45]

I have money management plan for increased size which I would put in writing as a trading plan. I know the risk so it is all about cushion being flexible and size increasing or decreasing along the cushion increase or decrease.
It would be in my rules applied for approval so I do not think there should be any issue. especially that daily limit increases would be incremental based upon my cushion increase.
Considering my accumulated cushion on sim which I am counting all the time, I would have been coming close to get to 3 contracts by now, but form my perspective I have not been trading 100%.

Most of the brokers I checked had better than $5 fee. If I am trading along my plan 100% there cannot be too many trades. 2-6 a day most probably. But I have tendency to trade a bit too much sometimes.

ok. gl

 

[shiko2000]

Gonna ask all those and more questions when and if I pass Combine. it is premature now.

ok. gl

 

[nemesis45]

Gonna ask all those and more questions when and if I pass Combine. it is premature now.

Ask now? better. Clear those terms, lesser confusion

 

[shiko2000]

I was watching that Q&A session once but it was answered orally. I cannot hear well to get what they were talking about. I will try to type my question and see if they answer it also in written text, otherwise I am gonna contact my handler. It would be nice to know of course in advance.

Ask now? better. Clear those terms, lesser confusion