TST Combine Journal - Trading Journals | futures io social day trading
futures io futures trading


TST Combine Journal
Updated: Views / Replies:60,177 / 556
Created: by indextrader7 Attachments:50

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Closed Thread
 50  
 
Thread Tools Search this Thread
 

TST Combine Journal

  #251 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

Totally relevant to trading combine...

Here's a funny clip of me from this weekend.

What we can learn from this video and relate to our trading:

1. Remember to have fun

2. Monitor performance for post-session review

3. Often times there are clear signs you're getting over-confident (wait until the end for this nugget!)

https://www.dropbox.com/s/h57qgslzag8csh3/2013-03-26%2009.00.51.mov

The following 6 users say Thank You to indextrader7 for this post:
 
  #252 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

still...

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

The following user says Thank You to indextrader7 for this post:
 
  #253 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received


What I'm looking for a short setup right now...

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

The following user says Thank You to indextrader7 for this post:
 
  #254 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

Not a bad day, caught the bulk of the largest rotation of the day, so that's good. No excessive risk today, so that's good as well.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



1. Long breakout of OS.

2. Short breakout lower of OS.

3. Long the failure of price to maintain below OS.

4. Re-entry of trade 3.

5. Short a fade off the upper channel boundary (not shown here, but posted about earlier)

6. Attempt to short pullback for continued move down. Didn't look good, so bailed at BE.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

The following 3 users say Thank You to indextrader7 for this post:
 
  #255 (permalink)
Trading Apprentice
Manchester, NH
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Oil
 
Posts: 21 since Mar 2013
Thanks: 67 given, 23 received


indextrader7 View Post
I'm on track in all required areas.

The relevant CUMULATIVE stats for the Combine are now:

Winning Days %: 83%
Win %: 56%
win:loss ratio: 2.0 ($668 to -$331)
winner time held: loser hold time: winners held longer
net P/L: +$7,615
max DD: -$2,720 (unrealized MAE actually), End of trade max DD: -$2,035. Amount ever below initial balance: -$480

(One thing I called topstep and asked about today was max DD... They confirmed that their max DD is not what I would consider an actual maximum drawdown. It's simply a rule that your account can not go more than, in my case, -$4,500 below it's initial STARTING BALANCE of $150,000. ) So they use the term a bit wrong, but that's ok, as long as we understand the requirement.

It seems to me that TST may in face be ok with traders taking the method of building a cushion, then taking more risk.

.......

Hi Indextrader:

I just recently joined futures.io (formerly BMT) and I have followed your journal with interest. I quoted one of your earlier post here because I have the same question regarding the Max Drawdown. I am currently in a combine and I have worries about hitting the MD number soon and this has caused me to be overly careful and not making needed profit progress. Before I signed up the combine, I confirmed my understanding of this number with TST, which is that it is the End of Day number. This makes a very big difference from max drawdown during the trading day. In other words, it is ok if you temporarily dip below -4500 (assuming not exceeding daily loss limit of 3000 for 150k acct) realized or unrealized during the day, as long as you bring the number up to within 4500 by the end of day.

I read again the combine agreement TST sent me, it says I must not exceed 4500 max drawdown at any time during the combine, which seems to me applying to during the day as well, not just end of day. I wouldn't say this number is super clear to me. What is your understanding? Many thanks.

MsFutures

The following user says Thank You to MsFutures for this post:
 
  #256 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received

Email support at TopstepTrader.com to get an official answer, but I think it's an end of day limit.

But MsFutures, you say it's been causing you to be overly careful, but that does not seem to be the case if you are knocking on the door of the max DD. If you were being too careful perhaps you would have small profits and small losses, but that does not sound like its the case.

The following user says Thank You to josh for this post:
 
  #257 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received


MsFutures View Post
Hi Indextrader:

In other words, it is ok if you temporarily dip below -4500 (assuming not exceeding daily loss limit of 3000 for 150k acct) realized or unrealized during the day, as long as you bring the number up to within 4500 by the end of day.

MsFutures

Yes, I believe it's end of day from what I understand.

Also, don't become "overly careful" trade your plan, and if it works that's great, if it doesn't it's no reflection of your self-worth. Simply adjust and keep improving.

Good luck to you in your combine!

The following user says Thank You to indextrader7 for this post:
 
  #258 (permalink)
Membership Temporarily Revoked
Birmingham, AL
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: several
Favorite Futures: several
 
Posts: 1,065 since Apr 2012
Thanks: 713 given, 2,758 received

Not trading today, just doing some stats work and such. I now have a full 10 sessions of data for ES trading.

I whipped up a cumulative MAE/MFE trade analyzer data sheet that accounts for things on an actual $ value.

Here's the comparison of the two side by side. As you can imagine, the $-based one simply accounts for fluctuations in position size. Notice the difference in running $ p/l vs running avg ticks per contract p/l. It also points out that excessive risk I took on the trade a few days ago (the 27th).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

The following user says Thank You to indextrader7 for this post:
 
  #259 (permalink)
Trading Apprentice
Manchester, NH
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Oil
 
Posts: 21 since Mar 2013
Thanks: 67 given, 23 received


josh View Post
Email support at TopstepTrader.com to get an official answer, but I think it's an end of day limit.
.

Thank you for your reply. I asked the questions regarding daily loss limit and max drawdown in an email before I started the combine. I tried to confirm my understanding of the numbers: according to the website, Daily Loss Limit refers to REALIZED NET P/L at any point during the trading day --- this means to me it is ok to have open positions' unrealized net P/L to exceed daily loss limit, as long as when you close positions or realize the P/L, you bring it back to within the daily loss limit. As to the Max Drawdown, the website says it clearly that it refers to the EOD number, which like I said would mean it is ok to dip below the number as long as you you bring it back by EOD.

However I did not get an email answer, which I had hoped for because I would like to see a black and white answer definitely saying it was ok for the "dipping below" scenarios. I got a call from a scout. He would not specifically address the "dipping below" situations, I guess it was smart for him to do so, as they would not encourage "such behavior" even if technically it is ok.

But my understanding of the daily loss limit was wrong. He said the number refers to any time during the day, even for unrealized net p/l and agreed that the website's using the word "realized" could cause confusion. As to max drawdown, we agreed with each other.

MsFutures

The following user says Thank You to MsFutures for this post:
 
  #260 (permalink)
Trading Apprentice
Manchester, NH
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Oil
 
Posts: 21 since Mar 2013
Thanks: 67 given, 23 received



indextrader7 View Post
.....Also, don't become "overly careful" trade your plan, and if it works that's great, if it doesn't it's no reflection of your self-worth. .....

Your words of encouragement were priceless. I will do just that next week!

The following user says Thank You to MsFutures for this post:

Closed Thread



futures io > > > TST Combine Journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Josh's TST Combine Journal josh Elite Trading Journals 106 April 9th, 2013 10:36 PM
Hunting ticks in the TST combine petrmac Elite Trading Journals 38 February 19th, 2013 08:56 AM
Surly's TST Combine Surly Elite Trading Journals 144 February 16th, 2013 03:33 AM
Ale's TST Combine azbarroso Elite Trading Journals 21 November 21st, 2012 12:58 PM
20 Day Combine at TST David_R Elite Trading Journals 235 November 2nd, 2012 07:17 PM


All times are GMT -4. The time now is 03:33 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.14 seconds with 20 queries on phoenix via your IP 54.226.132.197