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


TST Combine Journal
Updated: Views / Replies:60,266 / 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

  #261 (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

All this discussion about TST combine max DD and such would be better served to be in the main discussion thread for TST combines, as opposed to this journal. More people would benefit from it being there.

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


Traderwolf View Post
I can assure you that is correct. I had the same misunderstanding and therefore traded too large of a size and the moment I exceeded this limit intraday, my platform acknowledged the violation and I was done for the combine. I was extremely disappointed since had I known this, I would have traded smaller size. I tried to get a redo on my combine but was unsuccessful.

Based on my experience, it is intraday unrealized loss limit, so your size and risk management procedures need to reflect that.

Best of Luck!

Traderwolf, thank you for sharing your experience. That's why I felt necessary to confirm my understanding of those numbers with them because their definitions leave room for misinterpretation. I have been "overly careful" with the max drawdown number also because I did not "trust" their own words on the website, LOL!

The following user says Thank You to MsFutures for this post:
 
  #263 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

TST drawdown


Here is what almost all traders miss about the daily and max drawdown at TST, its there to protect against a bad day to be sure, BUT what TST is looking for is for YOU to control your own risk. In other words, they want you to quit long before you get to the max limit. Say its -$1000. They want to see you controlling risk well before this comes into play. So you trade 5 lots every trade and you have a 10 tick loser. Thats half of the daily limit. Are you going to take another 5 lot trade with a ten tick stop? I think not.

Instead, you need to trade less than max size, 1-3 max most of the time, build the account and when you have some cushion and you are up on the day and you can afford a 10 tick loss on 5 lots go for it...otherwise stay the hell away from trading max size and stay way the hell away from the daily loss limit. If you win the combine but have many days where you got close to limit and recovered (unlikely) they probably wont select you do to lack of personal risk control.

However, if you demonstrate personal discipline by limiting yourself, you will have a much better chance of making it past the review.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 4 users say Thank You to PandaWarrior for this post:
 
  #264 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received


indextrader7 View Post
All this discussion about TST combine max DD and such would be better served to be in the main discussion thread for TST combines, as opposed to this journal. More people would benefit from it being there.

That's why I posted in the relevant thread an email from TST when I asked this very question:

https://futures.io/trading-journals/25202-topsteptrader-combine-results-strategies-passing-7.html#post315944

Sort answer, you can not dip below either DLL or Max DD....(because there is no guarantee the position will improve)

The following user says Thank You to Pedro40 for this post:
 
  #265 (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

It's official

I just signed up for a standard 150k, 20-day combine.

Start date Tuesday, April 2.

The following 7 users say Thank You to indextrader7 for this post:
 
  #266 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 555 since Jan 2013
Thanks: 31 given, 361 received


indextrader7 View Post
I just signed up for a standard 150k, 20-day combine.

One word of advice, T4 handles the allowed number of contracts a bit strange. The OCO orders are also counted in the number of already traded contracts, even if they are just standing orders. Nevertheless, since they are there sitting, "the number of actually allowed to trade at the same time" contracts will be less than 15.

An example: You are long 5 ES contracts, with OCO orders sitting there as a target/stop loss. You can only trade 5 more contracts, not 10, because the possible 5 sitting order counts against you. If you want to trade another 10, you have to kill the OCO first. (which is not a good idea, because you have to have a stop loss order all the time)

So you might want to experience with this before you get surprised during the Live trading... When I was trading 3 different products at once, I kept running into this problem all the time...

The following 2 users say Thank You to Pedro40 for this post:
 
  #267 (permalink)
Trading Apprentice
Manchester, NH
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Oil
 
Posts: 21 since Mar 2013
Thanks: 67 given, 23 received


Pedro40 View Post
One word of advice, T4 handles the allowed number of contracts a bit strange. The OCO orders are also counted in the number of already traded contracts, even if they are just standing orders.....

I found out this during the 2 week trial. This was one of those surprises! I wrote TST an email, arguing that at any given time an open position of 5 contracts with OCO parking can only be counted as 5 (position ON) or zero (position filled at target or stop), never more than 5. But they would not listen. They simply said to the effect that this was the way they control risks for all possible outcomes. I say removing first set of OCO then add positions is a whole lot more risky.

Anyway, good luck to IT7 in his combine.

MsFutures

ps, if you think this topic is better served at the main TST forum, please move my post over there. futures.io (formerly BMT) rule says I have to have 10 posts in order to post anything there. I am getting there!

The following user says Thank You to MsFutures for this post:
 
  #268 (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

channel remains

Trading from laptop (+ an extra monitor) from a remote location today.

At upper area of the channel in ES. The game plan is to start by fading moves on the outside of the initial swing this morning. Play for mean reversion until clear direction, if any, is shown.

If we work our way lower to the other end of the channel, that would be a normal scenario.

If we break above the channel, and are able to hold the upper line on a retest, lookout.

I don't see either one of those happening today though. I don't predict though, I'll flow with whatever happens. I will start out the day though, fading moves outside OS.

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:
 
  #269 (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

Even though my combine isn't starting until tomorrow. I can already feel fear creeping in. "What if you don't do as well as you have been during practice?... Will people think you've just been making up stuff?"

I know it's silly, and I'll push through it, but just being honest with some things that are popping in the head.

The best thing is that I am in touch and AWARE of the feelings/emotions. I'll do my best to make sound trading decisions despite them. Acknowledging them is half the battle. #mymonkey

The following 3 users say Thank You to indextrader7 for this post:
 
  #270 (permalink)
Elite Member
Vizag+india
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Nifty
 
tinkug112's Avatar
 
Posts: 89 since May 2012
Thanks: 110 given, 87 received

I think combine should be available in Ninjatrader now


Based on webinar they should have combine in Ninja by March end.

The following user says Thank You to tinkug112 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)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

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 01:31 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 2017-12-16 in 0.15 seconds with 20 queries on phoenix via your IP 23.22.136.56