Yes, they have funded traders before. Otherwise, they would not exist, right? People would eventually sue them
Topsteptrader
- Thread starter deaddog
- Start date
SteveH,
As long as I know the rules of TST, all is good. If there business model is solely to profit off the combine failures, then I better not fail too often right?
They exist b/c you pay them for an attempt to prove yourself.
There is nothing to sue them for b/c it will be all your fault.
I know only a couple of people, myself, who have been funded by them. But there's another trading forum in which there have been discussions (and journals, and charts, etc. etc.) for years by large numbers of TST-funded traders. (You'll appreciate that it would be pretty disrespectful to Baron to post a link to it here, but you'll easily find it, if you want to.)
There also a couple of huge threads there in which TST's management strikingly openly discuss every detail of their business, answer thousands of questions, etc. etc.
Sorry, you're entitled to your opinion, of course, as anyone is ... but (to anyone who actually knows the facts) to assert that you believe they've "never funded a single person" really is just "beyond ridiculous"! They funded 370 people last year alone (according to an independently audited report, published online). There are people all over the web who have been funded by them.
With apologies, I really have no more to say on this subject. Again, no rudeness or hostility intended, but I really do have better things to do with my time than this! Sorry, but you just have your facts hugely and dramatically wrong, here.
Thank you Xela for the smart and creditable post. I have done my thorough research on TST and they are clean. There is another forum where many people have been funded. There is also a trading service that encourages its members to sign up for TST and help them get funded.
Thanks,
gkishot,
they also make 20% of funded traders profits. I have no problem paying them to prove myself while I protect my trading business capital and earn more capital with their money.
Once you get funded, let us know.
Looks like you can't trust "Mother Russia" lol!
Proptraders.biz, a TST competitor out of Russia that was mentioned on this board, unfortunately could not maintain the business model.
http://proptraders.biz/
Proptraders.biz, a TST competitor out of Russia that was mentioned on this board, unfortunately could not maintain the business model.
http://proptraders.biz/
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C'mon Xela, this is classic "double speak" and quite blatant.
If TST wanted to focus its entire attention on risk management capabilities, then why relax the Combine rules, when those rules change in FTP and the Live account? It's been discussed extensively that the changing of the rules has caused lots of confusion (and harsh criticism) of the business model.
I agree with you that the combine allows one to conduct "inappropriate position sizing" however the FTP and live accounts do not, since you have to follow the scale up rules.
TST defines a "funded trader" as one who has passed a 2-phase simulator: the combine, and the FTP. Having a greater number of "funded traders" is quite useful for marketing purposes. However, it does NOT provide any indication on how many of those traders survive the "10 day rule" which is the biggest barrier to the TST program.
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I also have no issues with taking the combine for a fee, it's a great learning tool, and it most likely will improve your trading skills. However, 20% of zero, is, well, zero. Focus on developing a game plan on how you will pass the "10 day rule" if you're actually interested in wanting to "earn more capital with their money."
My guess is that it does no harm to see who has some "sensible habits" without having everything imposed on them as a requirement. I may be wrong, but undeniably the number of people being funded has increased. These are not entirely "anonymous figures": they're "introduced" with their username, photo, trade-style description and Combine figures on TST's blog.
Lol, now that's doublethink: first TST are criticised over their Combine rules; they respond to criticism by changing some of the ones people don't like, and then they're criticised again for "causing confusion" by changing the rules?
Yes; good point. I agree.
Yes; this is also true. And clearly not everyone does survive that.