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Kevin's TST Combine Journal
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Kevin's TST Combine Journal

  #181 (permalink)
Elite Member
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Pedro40 View Post
I thought that was smart trading, I saw that earlier yesterday. He was done by day 7, there was no reason to screw it up for the last 3 days, so he took 3 1-1 tick profits each days.

Completely by the rules, smart move. He has to pass the live trade preparation anyway....

Actually what he showed was he does not have confidence enough in his trading to finish out the combine. I know for a fact the TST scout team frowns upon this. Hoag has stated as much. If anything he has hurt his chances of getting a funded account.

Robert

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  #182 (permalink)
Market Wizard
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Silver Dragon View Post
Actually what he showed was he does not have confidence enough in his trading to finish out the combine. I know for a fact the TST scout team frowns upon this. Hoag has stated as much. If anything he has hurt his chances of getting a funded account.

Robert


He actually did get funded. From the TopStep e-mail: "Saturn87 - Our First Fully-Funded Trader from Maylaysia (sic)!"

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  #183 (permalink)
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Silver Dragon View Post
Hoag has stated as much. If anything he has hurt his chances of getting a funded account.

Seriously people, I explained in my Combine Strategy thread, that you have to play the Combine in a special way to pass it. Yes, he did get funded, so you are incorrect. Here is the explanation why he was smart:

Risk and reward: He reached his goal by day 7, you are not getting anything extra if you overshot the profit target, so there was nothing to gain by making 1K more. But if he gets a bigger losing day, he might need another 2-3 days to make it back. So by making the very minimal trades, he saved days, he followed the rules and he kept his exposure minimal. And he passed the Combine in the minimal days needed.

So Hoag is wrong. It is like in the NFL after week 13 your team made it to the playoffs. There are 4 more games left, but if your play off standings are not in danger, you might relax your best payers and let them rest, because except bragging rights, there is no point in winning 3-4 extra games, but it is necessary to have healthy players in the playoffs, when every games needs to be won.

And again, there was the playoff, the Live prep, and apparently he did pass that too, so TST did see that he can trade under different circumstances and it wasn't just a fluke...

Now I understand Hoag. A trader could have just 1 huge day and play it safe for the rest, 7-8 days, but this guy had decent numbers for 7 days, and didn't risk for the last 3, so I say this was smart trading, not gaming the system...


Last edited by Pedro40; April 30th, 2013 at 10:34 PM.
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  #184 (permalink)
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kevinkdog View Post
He actually did get funded. From the TopStep e-mail: "Saturn87 - Our First Fully-Funded Trader from Maylaysia (sic)!"

Fair enough - My point still stands though- if you try game the system you may have to go through the live prep unnecessarily and they may throw extra conditions in there to be sure your for real and you just didnt get lucky. Not sure why you would want to take this chance. If your a good trader why not prove it?

Robert

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  #185 (permalink)
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Silver Dragon View Post
Fair enough - My point still stands though- if you try game the system you may have to go through the live prep unnecessarily

My understanding is that everyone has to do the Live prep, no matter what your Combine looked like. Maybe if you kicked the ball out of the stadium, but TST only loses 2-3 weeks profit making by making you do the Live prep, so that is a small price for them....

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  #186 (permalink)
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Silver Dragon View Post
Actually what he showed was he does not have confidence enough in his trading to finish out the combine.

I agree completely and place it in the 'gaming the system' category, which has nothing to do with actual trading capability.

Combine's are useful for teaching skills necessary to be a good trader, if you set them up to be so. If your goal is to just pass the Combine, then that is not the same as having a goal of being a good trader.

Mike

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  #187 (permalink)
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Pedro40 View Post
Risk and reward: He reached his goal by day 7, you are not getting anything extra if you overshot the profit target, so there was nothing to gain by making 1K more. But if he gets a bigger losing day, he might need another 2-3 days to make it back. So by making the very minimal trades, he saved days, he followed the rules and he kept his exposure minimal. And he passed the Combine in the minimal days needed.

Do you intend to be a trader? If so, how does the above apply in the world of trading? Whether you need someone else to fund you or not, once you are trading real cash, the above is not useful.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
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  #188 (permalink)
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So why this guy got funded? I listened in the pit to his interview yesterday. He's from Malasia but he's not novice, he traded Malasian stock and I think he mentioned trading Indonesian stock indices as well. And he's traded at least 5 years. Now we can ask if he traded for 5 years how come he needs TST and 30k account, so perhaps he wasn't very profitable and does not have a capital even a small one. Which is fine. On the other side, perhaps TST understands the point Mike and Silver made, but if they will cut too severe they will be left with no traders: this program is not really intended to get on board experienced profitable traders, they try to get lucky with novices, while teaching them how to trade, and offering combines. Which is absolutely fine by my book. And after all this guy passed the test and only got 1500 usd max draw down risk. Not too big risk to speculate about long enough.

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  #189 (permalink)
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Big Mike View Post
Do you intend to be a trader? If so, how does the above apply in the world of trading? Whether you need someone else to fund you or not, once you are trading real cash, the above is not useful.

Mike

Mike, I know what you are saying, but this is only true for yourself in the honest look in the mirror. In the real life it is not like this - everybody doctor results, everybody. Funds can get dormant after a strike during first months of the year not to risk their 20% by the end of it, banks regularly put good trades on book and bad trades save for next year hiding in SPV and the bonuses based on good trades pretending bad ones do not exist, brokerages oh boy what not they do.. It's not right but it's an accepted norm in a perverted world of finance. So what this guy did is not gaming the system but just not taking unnecessary risk once conditions are achieved.

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  #190 (permalink)
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Big Mike View Post
once you are trading real cash, the above is not useful.

Neither is winners vs. losers duration stats... Nevertheless they measure you by it in the Combine... Actually, 2/3 of the Combine stats are unimportant in real trading....


Big Mike View Post
and place it in the 'gaming the system' category,

Gaming the system would be if I discovered a glitch in the software and exploited it. Using sound special strategy to pass the combine while still following the rules is just common sense. After all the trader eventually has to keep making money, so no gaming the system would help him with that when trading Live. But he does have to pass the Combine first....

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