Pekelo,
Didn't he have to pass a LTP?
In that case, where are we to check the LTP records?
Didn't he have to pass a LTP?
In that case, where are we to check the LTP records?
Topsteptrader
- Thread starter deaddog
- Start date
You just don't get it and you never will. The only thing that matters in trading is end result. The end result of my demo was $3,300+ after all costs, ready to be wired out and spent if real.
The only true legendary thread in this site is Lescor's "Grinding It Out" year-long saga where he compiled $600,000+ in the course of that calendar year. His overall results were roughly 67% daily win rate which means 1 out of 3 days were red = net loss. A few of them were whoppers, wiping out the entire week or so.
On the other hand, ALL of his money was made from "rainmakers" because that is how trading in the real world works. Nobody with zero exceptions makes $500 - $500 - $500 - $500 - $500 each day, each week. That is the stuff of piker fantasyland fairytales, to mix too many metaphors.
How can you expect anyone here to take you seriously when you post bullshit like that? If you want a real conversation, go spend those same nine days in a real combine and show everyone how it's done. That C2 crap is a joke, and a bad one at that.
http://www.elitetrader.com/et/index.php?threads/grinding-it-out-day-after-day.187730/page-160
This thread is required reading for all ET viewers... first place everyone should go, read it thru about five - ten times and then read it again until the realities of trading really sink in.
Like Shakira's song titles goes... stats don't lie....
Gross Profit: 361,000
Top Five Days Cumulative: 130,010
Top Five Days Percent Gain For Calendar Year Total: 36%
Traded 244 Sessions
Winning Days: 155 = 64%
Losing Days: 89 = 36%
month of September (-5,922)
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I suppose Pekelo wouldn't back this trader either. Hell, he made a full 1/3 of his entire YEARLY profits in just five individual trading sessions. Back those five "rainmaker" sessions out and it's merely a $230,990 annual rake.
And then look at September, for pete's sake. A total net loss for the month... egads!!!
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Welcome to the real world of trading, boys and girls. If you can't handle the truth in those trenches, if you cannot let go of fairytale fantasies about MFEs and daily potential and all that crap, stay out of the market. The lessons it will teach you are unyielding and resolute
Why is continuous combine non-refundable?
"Enter the Continuous Combine and you'll have unlimited trading days to reach the Objective (below). The monthly cost of the Continuous Combine is non-refundable, set to recur 30 days from the sign up date. There is a two month minimum commitment, unless you meet the Combine Objective in the first month."
It is my understanding that deposit is refundable on 10 day combine if objectives are met, however, its not the case of continuous combine.
Can you please explain reasoning behind the idea?
"Enter the Continuous Combine and you'll have unlimited trading days to reach the Objective (below). The monthly cost of the Continuous Combine is non-refundable, set to recur 30 days from the sign up date. There is a two month minimum commitment, unless you meet the Combine Objective in the first month."
It is my understanding that deposit is refundable on 10 day combine if objectives are met, however, its not the case of continuous combine.
Can you please explain reasoning behind the idea?
the only people I have seen who make the same amount over and over again are market making. They will typically make x amount per day then once a month lose 3x when they get caught offside.
View attachment 156771
http://www.elitetrader.com/et/index.php?threads/grinding-it-out-day-after-day.187730/page-160
This thread is required reading for all ET viewers... first place everyone should go, read it thru about five - ten times and then read it again until the realities of trading really sink in.
Like Shakira's song titles goes... stats don't lie....
Gross Profit: 361,000
Top Five Days Cumulative: 130,010
Top Five Days Percent Gain For Calendar Year Total: 36%
Traded 244 Sessions
Winning Days: 155 = 64%
Losing Days: 89 = 36%
month of September (-5,922)
===
I suppose Pekelo wouldn't back this trader either. Hell, he made a full 1/3 of his entire YEARLY profits in just five individual trading sessions. Back those five "rainmaker" sessions out and it's merely a $230,990 annual rake.
And then look at September, for pete's sake. A total net loss for the month... egads!!!
===
Welcome to the real world of trading, boys and girls. If you can't handle the truth in those trenches, if you cannot let go of fairytale fantasies about MFEs and daily potential and all that crap, stay out of the market. The lessons it will teach you are unyielding and resolute
of course it depends on the strategy deployed but I concur with what you are saying. In my own personal trading I grind out profits day to day and get the occasional oversized winner (typically 50%+ ADR), typically once per week. This provides the real boost to my returns.
From the week outset I know I will probably get 1, sometimes though I get 0 or 2. This week I didn't get one. See this weeks PNL here:
http://www.elitetrader.com/et/index.php?threads/trader-pnl-2015.289576/page-7#post-4176617
Good luck with the FTP.
Because they want to make profits? It is just a business decision to make more profits and as long as people sign up for the cont. com., they will get away with it. It doesn't have to be a "logical" reason, companies do it all the time. Charge them as much as the market will bear, that is the slogan of capitalism.
Also if it takes 5 months for you to get to the profit goal, would you want a refund for 5 months or just for the first one? The CC is a special combine, so it is specially priced...
After all as long as you don't break any of the rules and make a little money, later or even more later you will reach the profit goal in the CC....
Because they want to make profits? It is just a business decision to make more profits and as long as people sign up for the cont. com., they will get away with it. It doesn't have to be a "logical" reason, companies do it all the time. Charge them as much as the market will bear, that is the slogan of capitalism.
Also if it takes 5 months for you to get to the profit goal, would you want a refund for 5 months or just for the first one? The CC is a special combine, so it is specially priced...
After all as long as you don't break any of the rules and make a little money, later or even more later you will reach the profit goal in the CC....
For the past few years since inception of this thread, I've tried to be open-minded and objective about the entire process. Years ago I continually railed for an open-ended combine process because imo any ten days at random involves too many variables for true vetting.
Now let's assume Aspiring Trader XYZ has two choices: fund a live account with x-$1000 cash out of pocket, or go thru the CC process and see what happens. If worst-case scenario they work thru it for several months, end up costing the monthly fees and some $100 resets, that would still be FAR cheaper than blowing out their entire x-$1000 real cash account which everyone in here with zero exceptions knows would be the result.
**
Basically, most of the negative bias here since day one thru however many years know centers upon the simple core jealousy of TST turning a profit from this process. That's the real, true crux of it all... a few guys here are pissed because TST is a profitable business model that caters to segments of the trader world where high demand exists.
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