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TST Combine results and strategies for passing

  #24 (permalink)

Trading for Profit
Pittsburgh, Pennsylvania
Trading Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
Pedro40's Avatar
Posts: 567 since Jan 2013
Thanks: 33 given, 375 received

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It seems the requirements of TST are for weeding out most so only the best traders can pass it.

I disagree. It looks like the rules are for making traders to alter their style and eventually to fail. Let's say, you are the backer. What is more important to you:

a/ The trader can make the profit target.
b/ The trader can fit to the parameters.

Obviously any common sense backer would choose a)

And mind you, some of the parameters are completely irrelevant BS. Trading duration winner vs. loser? Who cares about that? Even the win% is irrelevant because I can have 5 small losers and 1 huge winner and be nicely profitable.

So let's say you need to make 2K in 20 days and you actually made 3K profit, but you didn't pass the parameters. Why would any normal backer NOT back you because of that? And it seems they are really not having that many traders to be backed, so it makes no sense to make rules so strict. Now if they had a dozen traders hitting the profit target every week, sure, try to filter them out a little, but so far too many good traders hasn't been their problem.

And as a comparison, another similar firm I mentioned earlier has very few rules: make X profit in Y days using Z contracts without a bigger the K draw down. It is really that simple...

Last edited by Pedro40; January 18th, 2013 at 11:12 AM.
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