TST Combine Journal - futures io
futures io futures trading



TST Combine Journal


Discussion in Trading Journals

Updated August 28th 2014 by JTurner77
      Top Posters
    1. looks_one indextrader7 with 265 posts (970 thanks)
    2. looks_two josh with 28 posts (91 thanks)
    3. looks_3 Pedro40 with 16 posts (13 thanks)
    4. looks_4 Big Mike with 16 posts (55 thanks)
      Best Posters
    1. looks_one rubyslippage with 18.7 thanks per post
    2. looks_two indextrader7 with 3.7 thanks per post
    3. looks_3 Big Mike with 3.4 thanks per post
    4. looks_4 josh with 3.3 thanks per post
    1. trending_up 73,379 views
    2. thumb_up 1,774 thanks given
    3. group 85 followers
    1. forum 556 replies
    2. attach_file 50 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

Closed Thread
 
Search this Thread
 

TST Combine Journal

(login for full post details)
  #531 (permalink)
Super Moderator
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,148 since Sep 2013
Thanks: 10,427 given, 12,484 received


indextrader7 View Post
13 ticks from the finish line.

Today's LTP Trade Report


So what is LTP like with TST? Just trying to get a feel for what it is like one step closer to the end.


Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
FIO Journal Challenge - June 2020 w/SharkIndicators
71 thanks
Spoo-nalysis ES e-mini futures S&P 500
66 thanks
Bookmap vs Jigsaw Daytradr
31 thanks
What is your single biggest weakness?
27 thanks
AMP Futures / AMP Global Review
27 thanks
 
(login for full post details)
  #532 (permalink)
Legendary Amateur Trader
Hanover, Germany
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
 
Scalpingtrader's Avatar
 
Posts: 1,850 since Apr 2014
Thanks: 2,997 given, 4,767 received


tturner86 View Post
So what is LTP like with TST? Just trying to get a feel for what it is like one step closer to the beginning .

FYP.

The following user says Thank You to Scalpingtrader for this post:
 
(login for full post details)
  #533 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012



tturner86 View Post
So what is LTP like with TST? Just trying to get a feel for what it is like one step closer to the end.

It's my understanding that LTP is not the same for everyone, so I can only speak to my situation:

My combine was 50k, with 1k DLL, 2k max DD, and 3k profit target. Also this was 10 days total, and you you had to have a winning day % of atleast 55% (which means you must have at least 6/10 days winning).

My LTP is 50k, with same DLL, and max DD, but a profit target of only 1.5k. Also, they added a weekly loss limit of $1k, (yes the WLL is the same as the DLL). I pushed back against that, but they were not willing to budge. They're reasoning is preservation of mental/emotional capital.

LTP also has a percent of days that are winning requirement just like regular combine. This winning day % requirement kicks in/is assessed starting on day 10, which is also the minimum number of days you must trade for LTP. You have 60 calendar days to continue trading PAST day 10 if you need it in order to hit the profit target. This is also a difference between combine and LTP. Combine is over period when you have traded your 10th day.

John Hoagland called me a few days after completing combine, and the call was for him to simply read me the rules of LTP and me verbally acknowledge that I understand. He did ask a tiny bit about my trading, but not much at all. I was able to get one exception to the typically implemented rule of not adding to position size unless up x amount for the day. I am able to add to any winning position regardless of where I am at for the day. (of course within DLL/WLL/MDD confines) This makes the most sense for me as each trade is a totally independent event from the last, and I need to be able to continue executing my edge and pressing when I am right. (which is also why I hate the weekly loss limit). Also, on our call, it was stated that I am not to hold any position into crude inventories, and although I have permission to trade up to 4-5 lots, I cannot initially enter into a position with anything larger than a 2 lot.

I hope this answers your question.

Ultimately, all I want is to have a real cushion in an account, any account, so that I can just have at it each day with a reasonable DLL that reflects a reasonable risk of total % of assets. I just want to be able to breathe. I needed TST though. I needed some kind of boss. I wanted one for years. I went down a wild gunslinging trading path for a while, which this thread captured beautifully/horrifically, and TST structure helped me form the habits I had to form.

-IT7

 
(login for full post details)
  #534 (permalink)
Super Moderator
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,148 since Sep 2013
Thanks: 10,427 given, 12,484 received


indextrader7 View Post
It's my understanding that LTP is not the same for everyone, so I can only speak to my situation:

My combine was 50k, with 1k DLL, 2k max DD, and 3k profit target. Also this was 10 days total, and you you had to have a winning day % of atleast 55% (which means you must have at least 6/10 days winning).

My LTP is 50k, with same DLL, and max DD, but a profit target of only 1.5k. Also, they added a weekly loss limit of $1k, (yes the WLL is the same as the DLL). I pushed back against that, but they were not willing to budge. They're reasoning is preservation of mental/emotional capital.

LTP also has a percent of days that are winning requirement just like regular combine. This winning day % requirement kicks in/is assessed starting on day 10, which is also the minimum number of days you must trade for LTP. You have 60 calendar days to continue trading PAST day 10 if you need it in order to hit the profit target. This is also a difference between combine and LTP. Combine is over period when you have traded your 10th day.

John Hoagland called me a few days after completing combine, and the call was for him to simply read me the rules of LTP and me verbally acknowledge that I understand. He did ask a tiny bit about my trading, but not much at all. I was able to get one exception to the typically implemented rule of not adding to position size unless up x amount for the day. I am able to add to any winning position regardless of where I am at for the day. (of course within DLL/WLL/MDD confines) This makes the most sense for me as each trade is a totally independent event from the last, and I need to be able to continue executing my edge and pressing when I am right. (which is also why I hate the weekly loss limit). Also, on our call, it was stated that I am not to hold any position into crude inventories, and although I have permission to trade up to 4-5 lots, I cannot initially enter into a position with anything larger than a 2 lot.

I hope this answers your question.

Ultimately, all I want is to have a real cushion in an account, any account, so that I can just have at it each day with a reasonable DLL that reflects a reasonable risk of total % of assets. I just want to be able to breathe. I needed TST though. I needed some kind of boss. I wanted one for years. I went down a wild gunslinging trading path for a while, which this thread captured beautifully/horrifically, and TST structure helped me form the habits I had to form.

-IT7

Your the first person I've seen in LTP. So it is interesting to see how that goes and what the requirements are. Thank you!

What happens when you hit your target? Is it over, or do you still have to complete 10 days?

 
(login for full post details)
  #535 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012


tturner86 View Post
Your the first person I've seen in LTP. So it is interesting to see how that goes and what the requirements are. Thank you!

What happens when you hit your target? Is it over, or do you still have to complete 10 days?

Tomorrow is my 10th day. I will be well above any winning day % req's, so I won't be "stopped" even if I dont' make 13 ticks tomorrow.

It will end when I have traded at least 10 days, and have met the profit target, without dipping under, DLL, WLL, MDD, or req win day %.

Feels like trading for the IRS.

 
(login for full post details)
  #536 (permalink)
Super Moderator
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,148 since Sep 2013
Thanks: 10,427 given, 12,484 received


indextrader7 View Post
Tomorrow is my 10th day. I will be well above any winning day % req's, so I won't be "stopped" even if I dont' make 13 ticks tomorrow.

It will end when I have traded at least 10 days, and have met the profit target, without dipping under, DLL, WLL, MDD, or req win day %.

Feels like trading for the IRS.

I bet.

May tomorrow bring the final tick, if not remember what we say to death. Not today.

The following 2 users say Thank You to tturner86 for this post:
 
(login for full post details)
  #537 (permalink)
Volcano, HI
 
Experience: None
Platform: Ninja
Broker: AMP/CQG
Trading: Futura2000
 
dakine's Avatar
 
Posts: 197 since Dec 2009
Thanks: 389 given, 149 received


indextrader7 View Post
Not much good in any performance activity can come if you have not first learned how to be a good loser.

TRUTH!

Now that you've learned how to be a good loser its time to start honing in on how to be a great winner.

The following user says Thank You to dakine for this post:
 
(login for full post details)
  #538 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012

Even though it's been split up into two events (combine and live trader prep) it's really been one test of trading. I thought I would view some data as such.

The following chart is a daily P/L and cumulative P/L chart that shows combine and LTP with any "gamed" days removed so only truly traded days are left.

Why the difference in daily performance between the two? They cut my profit target in half, so I only needed half the risk appetite. Pretty clear to see in the results. This shows how having a boss that sets the rules really will shape your performance.



Enjoy a day-in, day-out trader dropping their pants for you like this. We're coming to a time where this is likely the last real look into my trading that will be seen.

Hopefully my journey at futures.io (formerly BMT) has let people see weakness and flaws to avoid, as well as some good things to emulate, as well as pure inspiration seeing that it can be done.

This thread will be closed pretty shortly after completing LTP. I'll hang around for a few questions then I'll ask for it to be closed.

 
(login for full post details)
  #539 (permalink)
Portland Oregon, United States
 
Experience: Beginner
Platform: Ninjatrader®
Broker: CQG, Kinetick
Trading: Gameplay Klownbine® Trading of Globex
 
Zondor's Avatar
 
Posts: 1,346 since Jul 2009
Thanks: 1,245 given, 2,713 received

Just when the good part should be starting.. then Poof!

Sincere congratulations on your very real and impressive accomplishments so far; hopefully there will be a tangible payoff for your sustained and disciplined efforts.

It's unfortunate that you plan to discontinue posting after LTP. Especially in light of the fact that I have not been able to find any such postings anywhere, by anyone. Sometimes I wonder, just a little bit, what these Contests of Skill (see Topstep website Terms of Service) really lead to.

"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.”
Prof. Albert Bartlett
Follow me on Twitter Visit my futures io Trade Journal
The following 3 users say Thank You to Zondor for this post:
 
(login for full post details)
  #540 (permalink)
Birmingham, AL
 
 
Posts: 1,065 since Apr 2012



Zondor View Post
Sincere congratulations on your very real and impressive accomplishments so far; hopefully there will be a tangible payoff for your sustained and disciplined efforts.

It's unfortunate that you plan to discontinue posting after LTP. Especially in light of the fact that I have not been able to find any such postings anywhere, by anyone. Sometimes I wonder, just a little bit, what these Contests of Skill (see Topstep website Terms of Service) really lead to.

Thanks for your kind words.

I'll still be around on the CL Crude-nalysis thread, and sharing on the IT7 journal. This TST Combine thread has about run it's course though. Anything beyond LTP would be off-topic IMO.

I think futures.io (formerly BMT) in general becomes something different to a trader through their progression as/into a trader. I imagine many others who have "made the turn" feel a similar way. I came to futures.io (formerly BMT) looking (as you can see in my very post ever) to compare stats with other successful traders, share ideas, hear ideas, see how I stack up, etc. I was clueless in terms of everything trading, had never talked to another trader, and clueless about my own self. This first stage of futures.io (formerly BMT) could be called "searching". I was sharing everything I knew with people. Anyone who would ask. I remember doing video explanations just for any question that was asked.

As I grew, it changed from searching outwardly, to searching inwardly. This was only compounded with the public failure of launching a fund. It took a lot of pain to work through that pain.

It's different now. Heck, I'm worried about brokers reverse engineering what I'm doing these days. I have such an edge (and something totally unique to me) that I have only revealed it to one of my closest friends. I'm almost paranoid about it. Vic Niederhoffer, who I've had the pleasure of coming into contact with, has shared a few lessons in the prudence of privacy with me. He's seen it first hand.

So in terms of futures.io (formerly BMT)ers disappearing after something like passing LTP, it's pretty simple. This is trading man. I mean you no disrespect or harm, and I kind of wish you the best, but really you and I are here to take money from each other. It's true; we're competitors if not enemies. Yes it's a big world, and a big market, but there can only be few winners and many losers. It's the only way the disproportionate income is made available to the winners.

I'm a young man. I've been wrong a lot in my life. I'll be wrong a lot more. These are my current views on the world, and I'm always open to healthy discussion and new ideas. One thing I have always been here is honest. I don't sugar coat, or play office politics. People are often offended by my shortness/matter-of-fact style but I mean no harm. I always seek truth above all else.

I consistently help others where I can here at futures.io (formerly BMT) (in any non trading methodology way). I am more than willing to share what I believe to be the truth with others always in terms of what the markets are, psychology, money management, risk management, process, belief systems, etc which are essential pieces of the puzzle.

I'm ranting. Thanks again for the kind words.


Closed Thread

futures io Trading Community Trading Journals > TST Combine Journal


August 28, 2014


Upcoming Webinars and Events
 

Free BloodHound Licenses for everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 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