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TST Combine results and strategies for passing

  #76 (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

DarkPoolTrading View Post
In my opinion if you are that close to failing the combine (with either option), you probably dont have much chance of passing the combine anyway and should have had your own money management rules in place to stop your trading far earlier anyway.

Good point, but not entirely true. If you want to reach the profit target, you have to use the max. contract size or close to it. When using the max. number of contracts, it is rather easy to get close to the DLL.

Example: 30K Combine, you use the max. 3 contracts trading ES. You can only lose 3 points and you are already flirting with the DLL. Let's say you use a 2 points stop loss and you start out the day with a losing trade. You already have to scale back, or risking hitting the DLL on your next trade...

So it is important to clarify and understand the rules, thus a misunderstanding doesn't take you out of the Combine....

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