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Another TST Combine


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Another TST Combine

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  #61 (permalink)
denver, colorado
 
Experience: Intermediate
Platform: NT
Trading: ZS
 
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Posts: 704 since Mar 2011
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One thing that jumps out at me is the average size of your winner's. In oil a 5 tick move is really just noise and so ideally your average winner should be closer to 15 or 20 ticks (or more). You had two days like that. They were also some of your lowest trade volume days. I think a big clue to future success lies is in these facts...

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  #62 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
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Surly View Post
One thing that jumps out at me is the average size of your winner's. In oil a 5 tick move is really just noise and so ideally your average winner should be closer to 15 or 20 ticks (or more). You had two days like that. They were also some of your lowest trade volume days. I think a big clue to future success lies is in these facts...

I just trade the edge but you are right. And the keyword there is "ideally". On a lot of trades I book my profit if a trade hasnt moved my way in "X" amount of time. Without going into too much detail, I expect the trade to move my way right after I enter or soon after. I dont nurse winners. There were some good trades in there that I got out on my own for various reasons, some execution errors etc. Only 14 winners over 10 tics and 19 losers over 10 tics(this is what really gets me more than the winners). If you take care of losers the winners take care of themselves. 50% of the trades are within 4 tics. The spreadsheet might have some errors, I am not done yet but I wanted to see where I stand.


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  #63 (permalink)
Charlotte, NC
 
Experience: Intermediate
Platform: NT7
Broker: Amp Futures/Zen-Fire
Trading: ES
 
Posts: 18 since May 2010
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Sorry, bogus post on my part, tapatalk posted by mistake.

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  #64 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received

Had a family emergency last night --and when I came home sat on my computer and traded like a drunken sailor. At the end of it all I could think of what FT said in one of his webinars about trading thru life's major events. For now no more posts as of now I think I have failed the combine at least on my personal level. I posted yesterday that I wouldnt not exceed $500 yet I did and I kept on adding to losers instead of trading a setup.

I didnt want to leave you guys who visit hanging but once I am back I ll do a full analysis and if I will do another combine or not. But for now, no more posts on this thread from my side.

Thanks to those who visited and contributed. Your insight was very valuable. And Bigmike for having such a wonderful site.

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  #65 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
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  #66 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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Doing another Combine is not a bad thing. Learn and progress with each one.

I think I need 2 more posts before I can use futures.io (formerly BMT) for my journal provider.

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  #67 (permalink)
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BeansTwoNiner View Post
I think I need 2 more posts before I can use futures.io (formerly BMT) for my journal provider.

Actually you don't. You can attach screenshots as soon as post #1. You just can't use external image hosts.

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  #68 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received

The final stats on how the combine ended are shown below. The 950 negative day was really the one that broke the camel's back. I didnt get stopped out and still had another 1000 in Max DD and another 7-8 days I could trade but I was just not trading well. I traded 2 days after that day and both went well, not cause I was trading well but maybe cause the market went my way. My take from taking the combine so far is

It money spent well--I know people beat them up that its sim but I personally have traded the sim at the same time as the practice combine, In the sim there is no "real world" feel or pressure to it. I made 9-12k back to back days on 150k, so that basically means you could complete the 150k combine in 2 days but is it going to happen ? I doubt it.

On my losing days I need to stop before i do too much damage. Sometimes I make the money back but overall its a losing proposition. I am trading best when I take losses as easily as winners. I need to work on my patience too. For me personally all in all out works best. There is no attachment to the trade and I can see the market objectively, if I have even 1 lot position it skews my view.

You need to know the ins and outs of the platform. It is a buggy platform and has lot of shortcomings and with TST's restrictions such as using Auto OCO's or no fill until price has gone thru your level on exits(whereas FIFO in reallife) etc you need to have a strategy of how you are going to cover the shortcomings of either the firm,platform or other things that are not under your control but you are still responsible for them.

Gaming the combine's stats is a losing proposition in the longer term. Some of their stat requirements are questionable but you can request a custom combine.

Having the journal here is also adding to the pressure so if I do another combine I would pass on having a journal here.


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  #69 (permalink)
Toronto Ontario Canada
 
 
Posts: 290 since Mar 2013
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I'm sure others have pointed out to you and Hoag, but your average loser is greater than your average winner. its only a matter of time before you hit your loss limits again.

Have you considered CTD?

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  #70 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 261 since Oct 2012
Thanks: 202 given, 447 received



BeansTwoNiner View Post
I'm sure others have pointed out to you and Hoag, but your average loser is greater than your average winner. its only a matter of time before you hit your loss limits again.

Have you considered CTD?


Making blanket statements only shows what you "think" you know. I havent posted deeper stats which I do have but havent posted.

With a 62% win ratio and an avg win to loss ratio of 2:3 its still positive expectancy. Thats after all the bad trades, glitches with software, bad orders, not getting filled on FIFO etc. Might not seem much to you but I know where I need to improve and CTD (inspite of their constant push towards it-almost to the point of spamming) I doubt could improve what I need to improve.

BTW are you associated with TST in any paid capacity that you are benefitting from them?

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