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TST Combine Journal


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TST Combine Journal

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  #221 (permalink)
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
 
Posts: 952 since Sep 2011
Thanks: 562 given, 1,278 received


indextrader7 View Post
I traded on ninja yesterday, I traded on S5 today thus no ninja chart with the fills today.

Current setup is ninja charts with S5 DOM.

Here's an S5 chart with the fills for your edification and enjoyment:



sorry missed putting an arrow under the last long trade there, you get the idea though.

ahhh got you

Thought you may have come up with an amazing cunning plan to some how show your fills from S5 on Ninja

Thanks Index

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"

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  #222 (permalink)
Chicago, IL
 
Experience: None
Platform: oil super computer
Trading: multiple
 
Posts: 193 since Jun 2011
Thanks: 601 given, 197 received

Sorry if you posted this already, but are you still using multiple time frames? and what would you use as a lower time frame for the ES?

 
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  #223 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


Here's where I would be if I were in a combine through this whole time... just added in ES trades for the first time.


 
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  #224 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


mongoose View Post
Sorry if you posted this already, but are you still using multiple time frames? and what would you use as a lower time frame for the ES?

I couldn't imagine trading anything without multiple timeframes!

Currently using 500vol for smallest timeframe. It's the closest thing I could find to my 2range chart used for lower timeframe for CL and TF trading.

Anything that gives you 5 to 10x more info for the larger timeframe and 1/5 to 1/10 the info for lower timeframe is a good general rule of thumb.

 
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  #225 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012





I've caught myself telling multiple friends today that trading ES is like taking candy from a baby.

REMEMBER THIS POST ROOKIE???



DOWN CONFIDENCE!!! DOWN!!!!

I see you...





 
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  #226 (permalink)
Orlando, Florida, USA
 
 
Posts: 34 since Oct 2010
Thanks: 3 given, 96 received

Merritt,

Do I have this right? If you wind up getting an account funded by TST, you absorb 100% of the losses below the initial balance and they take anywhere from 20-40% of your profits? Since they are at 0% risk from anyone's trading failure, capital from newbies would be secured ahead of trading a funded account. So they cut you off when you blow out that secured capital.

[Edited: I DO have the above wrong. The capital partner assumes some risk but the max exposure to their risk is no greater than what you would normally be willing to bear on your own, right?]

If you have 25-50K of trading capital and enough money to live off of for 12 mos, why would you ever need them in the first place? You can make a living AND keep 100% of your profits.

Given you're a positive expectancy trader to begin with, even if you had only 15-20K of startup capital with a broker who has $500-$1000 margin per ES contract, you could start out with, say, 3 ES contracts to get your confidence up and then get more aggressive after the first 10K profit.

Another thing to consider is that they give you a 1099. On their taxes, they get to claim the Section 1256 60/40 tax advantage. On your taxes, you pay Social Security and Medicare tax plus the standard rate on your 1099 salary. When you are an individual investor, you get the 60/40 tax advantage and don't have to pay SS or Medicare tax on your net gains from trading Section 1256 contracts. Your employment can be "unemployed" or "retired", doesn't matter because you won't (that is, you don't) claim business expenses to set yourself up as self-employed. You pay your fair share of taxes by the Section 1256 rule and trading expenses are negligible relative to that kind of advantage (save 7K-9K in taxes vs. regular rate per 100K of net gains + what you didn't have to pay in SS and Medicare)

If I were down to my last 20K of trading capital and still had 12 mos of savings to live off of, well, I would go for the 100% profit retention and find a job if that got blown out. The down side in both scenarios is the same. The up side is better on your own. With all of this, it's a given that a positive edge exists. You just have to manage those contracts to survive the necessary draw-down periods.

The following 2 users say Thank You to SteveH for this post:
 
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  #227 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,466 since Jan 2011
Thanks: 6,054 given, 14,450 received


SteveH View Post
Do I have this right? If you wind up getting an account funded by TST, you absorb 100% of the losses below the initial balance and they take anywhere from 20-40% of your profits? Since they are at 0% risk from anyone's trading failure, capital from newbies would be secured ahead of trading a funded account. So they cut you off when you blow out that secured capital.

No, you do not have this right at all.

Read: Live Trading Room | Trading Program | Topstep Funded Trader

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  #228 (permalink)
Orlando, Florida, USA
 
 
Posts: 34 since Oct 2010
Thanks: 3 given, 96 received

Josh,

My apologies. I see where I misread that page. I edited the original post with an insert after the incorrect part. There is risk on their side. Looks very minimal though vs their upside potential.

 
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  #229 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

@SteveH

Thanks for the comments, I always appreciate your input.

Trading for TST is a total "long call option" payout for me. The risk is limited to the $400 bucks it costs to sign up. Once funded, I would have zero downside risk personally; the equity partners assume 100% downside risk. I would simply be entitled to (initially) 60% of the upside.

Anyone care to start making 60% of a fresh 150k account?

Yes, please.

 
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  #230 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,466 since Jan 2011
Thanks: 6,054 given, 14,450 received


SteveH, no worries mate. I replied but instead of cluttering Merritt's journal I put it in the TST thread:


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