PB its always a pleasure to hear from you, you ask all the correct questions and give logical replies. Also yes the LLC is something I must do soon thanks for the reminder, Most all my other ventures have been LLC's unless C or S were better suited.
I sand bag alot on futures.io (formerly BMT)(sand bag is a drag race slang for not showing all youve got)Ive always been a aderinaline junkie, fast is never fast enough. That was my slogan.another business story from years ago.You know Im in Nascar central and drag race heaven, We have the only 4 lane drag strip in the country.30000 hp going by is like nothing your body has ever felt before... Anyhow moving on
Mentor-no direct oversight, but for me Ive never had teachers I watch and learn. One has to know how to acquire information needed to complete any task at hand. The key is surrounding yourself with experience and applying the experience correctly. Am I close with a very respected Master, yes I can not ever thank him enough for his words of wisdom, people speak of the pressure of having business loans and how this can affect you emotionally. Yes I agree but then we mature and learn to control it. The only thing Ive been emotional about lately is what costume my Gf is going to want me to dress up as for Halloween..Geez. Now Im going throw @Big Mike in here as a example dont want to go on bout me. As a ie. every time someone threatens futures.io (formerly BMT) with legal action. Does Mike get emotional worried about the what if this happens etc he follows his protocol and what follows will be handled by the next protocol. See how easy this is.No emotion needed worrying about what if's isnt needed, have a plan and follow it everything will work it self out...BUT always be prepared. Did we all enjoy our first presidential debate?
Funding, have always had a funded account, trade live and traded live from get go... going on 4 yrs ago, so Ive got experience, have I blew accounts yes many times, Have I doubled accounts the same. How is my trading different today than beginning, manage contract size per account,know key levels etc I sorta do the Martingale strategy now and then on losers, depends on my probability for that trade, but 3 times Im done for that day.
Track record-bad,good,bad good ,bad, great sorta bad, Wow,slacking,focused,ummm Im getting much happier.... that sums it up.
scenario which would play out, Im a fairly confident guy and weigh my odds. I enjoy learning from everyone, no matter if someone has different view from me I try to understand how and why they do what they do.
In closing PB Ty for your reply, hope you have a great night
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I was thinking about this very thing today after @PandaWarrior mentioned using TST. I dont know enough info to reply at this time about TST. But for one I would suspect the actual numbers of traders that are in on the program is very very small number(ones that have completed coarse and are trading with TST monies). I would also speculate they are over seen by a TST account manager that can over ride them at anytime.ok duh this is a given. The business model makes sense , but what is the REAL business model. Time to do research
There are times when it makes sense to take on the risk of the debt. However, sometimes patience can replace the need for debt. In trading, for example, if you have a good strategy and you are growing your account over time, then one day you will not need that $100K loan to start your trading business. If on the other hand you cannot grow your account, then adding more positions with a $100K loan will only create more problems for you.
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