TST Combine results and strategies for passing - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


TST Combine results and strategies for passing
Updated: Views / Replies:14,890 / 131
Created: by Pedro40 Attachments:0

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

Reply
 
Thread Tools Search this Thread
 

TST Combine results and strategies for passing

  #91 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


Pedro40 View Post
so it is safe to assume, most Combiners are not well established....

Absolutely, which is why it is a worthy consideration as an alternative to the "blow your account while you figure it out" route.

Reply With Quote
 
  #92 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,336 since Dec 2012
Thanks: 11,276 given, 7,090 received

It is surely clear that the Combine model is good practice/profit for the Combine company, but not good for the trader unless you understand to only work with 10% of the full account as your operating account. To be fair that is then a good way to discover discipline (or not) and may lead to great traders. But the Hmmm remains.

Travel Well
Reply With Quote
 
  #93 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Intermediate
Platform: T4/TOS
Favorite Futures: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 87 received


The thing to keep in mind with the Combine, is the "Account Size" is irrelevant. All the matters is the daily loss limit, and max draw down. These should define the traders risk profile.

Plan your trade, trade your plan.
Reply With Quote
The following user says Thank You to Brewer20 for this post:
 
  #94 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

I agree about the statement that size is irrelevant. And I don't see a problem in 5k account. All you have to care about is risk. Why I need to deposit 30k and only trade with 1500 as my max loss? I would only deposit my max loss plus the margin, 5k, and this is it. If I blow it, having no margin/cushion to trade will only help to get time to cool down and rethink before your wire hits the trading account. What must be said through is you should not use your LAST 5k and swing for the fences going all margin you can get. But I prefer to keep 25k in the bank safe and only deposit 5k and trade it with the sizes I would trade out of 30k capital. It's simple arithmetic.

Reply With Quote
 
  #95 (permalink)
Elite Member
Northern Germany
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: FDAX, CL
 
vvhg's Avatar
 
Posts: 1,583 since Mar 2011
Thanks: 1,016 given, 2,807 received


xelaar View Post
I agree about the statement that size is irrelevant. And I don't see a problem in 5k account. All you have to care about is risk. Why I need to deposit 30k and only trade with 1500 as my max loss? I would only deposit my max loss plus the margin, 5k, and this is it. If I blow it, having no margin/cushion to trade will only help to get time to cool down and rethink before your wire hits the trading account. What must be said through is you should not use your LAST 5k and swing for the fences going all margin you can get. But I prefer to keep 25k in the bank safe and only deposit 5k and trade it with the sizes I would trade out of 30k capital. It's simple arithmetic.

I would still argue that your trading account is 30k. Only your account held with tthe broker is smaller, which makes perfect sense.

Vvhg

Hic Rhodos, hic salta.
Reply With Quote
 
  #96 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received


vvhg View Post
I would still argue that your trading account is 30k. Only your account held with tthe broker is smaller, which makes perfect sense.

Vvhg

Absolutely, I would just use term "trading capital", not "trading account". I trade live in Forex for years and I would never deposit my whole capital with any single broker. It has no advantages or benefits, just downsides. Risks that broker will go down, risks that you may get mad and open huge positions against any risk management rules, etc.

Reply With Quote
 
  #97 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received

But again, if you saved 5k capital and ready to risk it, and knowing if you blow up you can save another 5k to try again - it still makes sense to put that 5k capital at work. However if you have a large capital, or been given one, you have your max risk cap and you work from there differently. All those 1B$ funds we hear about rarely trade highly leveraged products like futures, they need that capital to work their positions and this is why they are geared for smaller profits and losses percentage wise. Just because you need that much capital for their strategies that are mostly illiquid and you can't use any leverage or it will be a very expensive proposition. I think those funds that trade in Futures or Forex with high leverage don't need that much capital and only get a part of it from their investors, but then their risks are much higher in relation to that part of capital and profits larger. But for investor it is the same - he would give for example 10M to a regular hedge fund and expect risks up to 10% before he pulls off, or he gives 1M to futures trading fund and risk it all. Result is the same 1M at risk.

Reply With Quote
 
  #98 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 550 since Jan 2013
Thanks: 31 given, 360 received


xelaar View Post
Why I need to deposit 30k and only trade with 1500 as my max loss? I would only deposit my max loss plus the margin, 5k, and this is it.

And that is what TST is doing. So one must wonder, why are they talking about 30K,50K,100K etc account, when the real account what they are backing with is about 1/5th of that size??? It is as you stated, max. DD plus intraday margin multiplied by the max. number of contracts...Their 100K account can be traded with a 10K real account, if you trade the ES...


Last edited by Pedro40; April 1st, 2013 at 08:14 AM.
Reply With Quote
 
  #99 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,739 given, 2,592 received


Pedro40 View Post
And that is what TST is doing. So one must wonder, why are they talking about 30K,50K,100K etc account, when the real account what they are backing is about 1/5th of that size??? It is as you stated, max. DD plus intraday margin multiplied by the max. number of contracts...

I guess because most people are primarily concerned with the account size, not absolute risk numbers. For funded traders they have account size set to 0.

Maybe someone has an answer to this question: their max DD is calculated in regards to the initial balance or from any peak balance you may have? I.e. if I have 30 000 balance and start making losses right away I can only go 500 usd down a day and 1500 at all. But what if I make 500 first? I understand that I still can only go down 500 next day (I believe intra-day gains are not counted) but what about max DD? Will it be 1500 from peak 30500 and therefore 29000 or will it still be 28500 and max dd is counted from the initial balance? Their writing on the website suggest the later, but I suspect it will be the former.

Reply With Quote
 
  #100 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 550 since Jan 2013
Thanks: 31 given, 360 received



xelaar View Post
Maybe someone has an answer to this question: their max DD is calculated in regards to the initial balance or from any peak balance you may have?

From the initial balance. That's why it is a good strategy to increase size once you have a profit cushion, both generally and daily.

Now it is said to be the same for the Live traders, but I disagree with it. Let's say you are trading Live with the 100K account and you made 8K. Then you start to lose. They say you are allowed to lose all the profit back and the max DD, but I say you should be stopped long before that. If you were up 8K and you lose 4K back, I would stop you and evaluate why the losses happened, but that is just me...

Reply With Quote
The following 2 users say Thank You to Pedro40 for this post:

Reply



futures io > > > TST Combine results and strategies for passing

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

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 05:43 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 2017-12-11 in 0.13 seconds with 19 queries on phoenix via your IP 54.82.79.109