So you triggered the trailing profit rule to fail ?
Topsteptrader
- Thread starter deaddog
- Start date
So you triggered the trailing profit rule to fail ?
Sure, no problem. The kid will also get this, when he gets his first paycheck from TST:
No I was ok on that rule. One of the rules of the funded trader prep is that you must remain net positive for each product assessed from day 10 onwards. It was this rule that got me on day 19.
What is the minimum number of days you have to trade to satisfy them once you hit the target ?
Hook them early, hook them for life. We are all beaten by a kid:
"Our youngest trader, 14 year old beanz_trader_jr, is holding his own after 3 months in his funded account, that's what we like to see beanz."
To be objective, this would be a valid reason to go with TST, if someone is too young to open a broker account on his own...Just to reiterate, I see trading for TST working out in 2 cases:
1. The trader can not open an account for himself for various reasons (age, country)
2. The cost of living is so low in the trader's country that a relative small return can provide a decent living style.
Thus if you are a 15 year old, would be trader from North Korea, look no further, TST is for you!
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Relevant observation of the week: Out of the 19 funded traders in July, 15 were trading oil, 12 of them exclusively....
"Our youngest trader, 14 year old beanz_trader_jr, is holding his own after 3 months in his funded account, that's what we like to see beanz."
To be objective, this would be a valid reason to go with TST, if someone is too young to open a broker account on his own...Just to reiterate, I see trading for TST working out in 2 cases:
1. The trader can not open an account for himself for various reasons (age, country)
2. The cost of living is so low in the trader's country that a relative small return can provide a decent living style.
Thus if you are a 15 year old, would be trader from North Korea, look no further, TST is for you!
------------------------------------------
Relevant observation of the week: Out of the 19 funded traders in July, 15 were trading oil, 12 of them exclusively....
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But you weren't trading live money yet ?
As I said luck is important. One of the most important thing for such traders like Londonkid and myself is to be adequately capitalized. I do not think this issue is being resolved by getting funded. I am definitely better of by trading my own funds.
Regarding structured environment. Call broker, ask him to limit platform to 1 or 2 or whatever contracts as per equity and program platform to get blocked once certain daily loss realized.
I have $200 per contract limit. Once I hit it I am blocked.
Nevertheless, my transition from consistently losing trader to slightly profitable came via taking lots of combines with TST. so, in this regard it is highly recommended not to risk own funds but to take those combines. It is much cheaper. Just trading demo imho wonèt cut it. But once profitable it is better to trade own money.
Regarding structured environment. Call broker, ask him to limit platform to 1 or 2 or whatever contracts as per equity and program platform to get blocked once certain daily loss realized.
I have $200 per contract limit. Once I hit it I am blocked.
Nevertheless, my transition from consistently losing trader to slightly profitable came via taking lots of combines with TST. so, in this regard it is highly recommended not to risk own funds but to take those combines. It is much cheaper. Just trading demo imho wonèt cut it. But once profitable it is better to trade own money.
So say you pass the 150k combine
Then you are asked to make half $4,500 profit target in ltp?
If you reach that you then go live and can only trade a max 3 lot until you build up the account?
In regards to the equity, if you build the live account to 10k do they still make you follow the no trading 1 minute before or after economic announcements?
Then you are asked to make half $4,500 profit target in ltp?
If you reach that you then go live and can only trade a max 3 lot until you build up the account?
In regards to the equity, if you build the live account to 10k do they still make you follow the no trading 1 minute before or after economic announcements?