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TST Combine results and strategies for passing

  #26 (permalink)

Elite Member
desert CA
Trading Experience: Intermediate
Platform: NT7, TOS, IB
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I understand what you mean about backers looking more into profits than strict parameters. However many first time backers can be burned later when they take on a trader who may not have a consistent money management track record.

TST as the introducing intermediary imo are more interested in b) because they want to make sure the traders they pick to introduce to their client backers demonstrate they have more than profitable trades which can be due to a lucky streak rather than skill. They also want some measure of insurance that the trader has proven money management trading skills which pass their daily strict parameters. So that it doesn't cause problems in the future where they may be liable if the trader while making profitable trades for the backer, also has severe drawdowns because lack of skill minimizing drawdowns or due to a risky individual trading method. i.e. the strict TST parameters also weed out risky individual methods without an adequate risk management component.

If I was a wise backer, I would want a day trader while profitable, also demonstrates a daily disciplined proven limit in his drawdown. That the fact that TST emphasis money management also helps make me feel they are more serious and legit as an introducing prop firm.

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