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Nova-Futures with MES Capital


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Nova-Futures with MES Capital

  #21 (permalink)
 
Tymbeline's Avatar
 Tymbeline 
Leeds UK
Market Wizard
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradovate
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 649 since Apr 2015
Thanks Given: 2,349
Thanks Received: 1,057


diableman View Post
Just try the free demo for fun but I don't like the economic model based on loosing trader.


I'm afraid you've seriously misunderstood it, if you think it's based on "losing traders".

TST successfully funded 370 traders last year. That's what they're in business to do - and in huge contrast to MES, their funded traders earn and get paid 80% of their trading profits (apart from the first $5,000, of which they earn 100%).

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  #22 (permalink)
diableman
Belgique
 
Posts: 24 since Jun 2014
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Tymbeline View Post
I'm afraid you've seriously misunderstood it, if you think it's based on "losing traders".

TST successfully funded 370 traders last year. That's what they're in business to do - and in huge contrast to MES, their funded traders earn and get paid 80% of their trading profits (apart from the first $5,000, of which they earn 100%).

And do you know how much Topstep won with all traders who failed the combine account ?

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  #23 (permalink)
DavidLe
San Jose CA US
 
Posts: 7 since Jan 2016
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This is from indeed.com a job posting website. They have had 30,000 users who tried combine. and 370 funded traders . so the failure rate is 99%
“TopstepTrader is a young, innovative early-stage B2C company that provides people from around the world the opportunity to earn trading capital. We offer our users an evaluation of their trading performance in a real-time, simulated account. With over 30,000 users derived from organic growth, we aren’t slowing down anytime soon”
Business Development Associate job - TopstepTrader - Chicago, IL | Indeed.com

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  #24 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010


DavidLe View Post
This is from indeed.com a job posting website. They have had 30,000 users who tried combine. and 370 funded traders . so the failure rate is 99%
“TopstepTrader is a young, innovative early-stage B2C company that provides people from around the world the opportunity to earn trading capital. We offer our users an evaluation of their trading performance in a real-time, simulated account. With over 30,000 users derived from organic growth, we aren’t slowing down anytime soon”
Business Development Associate job - TopstepTrader - Chicago, IL | Indeed.com

How big is the failure rate in general ?
95 % ?

Success is hard work.

I haven't reported my success or failure in combine to indeed.com
Did all who failed reported to indeed.com ?

370 is only 1 year result
TST as been on market approx 5 years

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  #25 (permalink)
 
Tymbeline's Avatar
 Tymbeline 
Leeds UK
Market Wizard
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradovate
Trading: MES, MNQ
Frequency: Several times daily
Duration: Minutes
Posts: 649 since Apr 2015
Thanks Given: 2,349
Thanks Received: 1,057


DavidLe View Post
They have had 30,000 users who tried combine. and 370 funded traders . so the failure rate is 99%


This is simply untrue. Sorry, but it's just plain wrong.

The Combine success-rates were independently audited and they were about 20%.

I suspect that you (or maybe the person you're quoting) has confused "registered users of TST's website" with "people taking Combines". Of course, those are actually hugely different figures. But whatever the explanation, if you seriously imagine that their business model is designed for people to fail, then you clearly have your underlying facts grossly wrong, somewhere.

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  #26 (permalink)
DavidLe
San Jose CA US
 
Posts: 7 since Jan 2016
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The big question however is finding out how many the funded traders stay funded for over 6 months without go back to the combine with TST.

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  #27 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
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Tymbeline View Post
The Combine success-rates were...

...completely irrelevant. As the above poster said, the 6 months survival rate or how many made at least 10K rate are way more important and telling. But you won't see those numbers for a very good reason...

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  #28 (permalink)
 
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 Big Mike 
Manta, Ecuador
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  #29 (permalink)
 sakisf 
Athens, Greece
 
Experience: Beginner
Platform: TTWeb
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Posts: 29 since Nov 2013
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How is your trading the trial going? Waiting to hear your positive results to see if you are getting funded at the end. I applied with a statement but was possibly turned down as I haven't got a reply for almost a week now.

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  #30 (permalink)
diableman
Belgique
 
Posts: 24 since Jun 2014
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sakisf View Post
How is your trading the trial going? Waiting to hear your positive results to see if you are getting funded at the end. I applied with a statement but was possibly turned down as I haven't got a reply for almost a week now.

I don't have the time to trade this week and my trial end this week so I keep you informed
And for your case, have you check if you have sent your mail at the correct address ???

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