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TST Combine results and strategies for passing


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TST Combine results and strategies for passing

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  #61 (permalink)
Pittsburgh, Pennsylvania
 
 
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Timot View Post
I cannot make any sense of the posts. Thanks.

I guess you are just not ready yet...

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  #62 (permalink)
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Timot View Post
I'm a new trader but I have no idea of what you are talking about here. I cannot make any sense of the posts. Thanks.

Are you familiar with Top Step Trader?

Plan your trade, trade your plan.
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  #63 (permalink)
Market Wizard
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Timot View Post
I'm a new trader but I have no idea of what you are talking about here. I cannot make any sense of the posts. Thanks.

@Timot:

This thread will only make sense to you if you are interested in the Combine program offered by TopStep Trader, which you can find here:

Trading Program Online | Learn to Trade | TopstepTrader

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  #64 (permalink)
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In other threads the question of DLL and Max DD came up. Namely, can you dip below the DLL as long as you close out the trade above it?

I actually asked this by email, here is the correspodence:

" just to clarify, the rules say I can't go below the DLL with my REALIZED P/L. But can I actually go below it with an open position as long as I don't close the position with a loss bigger than the DLL? So if the market turns back, I can get out of the position and still not hit the realized DLL?"

Answer by Connor from TST:

"You can't at any time throughout the day touch your Daily Loss Limit. It is determined by your Net P&L, once you hit it you can not trade out of it."

So in plain English, you can not dip below either DLL or Max. DD. And that actually makes sense, since there is no guarantee you are only dipping below for a short period of time, and it will come back...

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  #65 (permalink)
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Pedro40 View Post
I guess you are just not ready yet...

You may be right. I may not be ready for this. You are not ready in other respects...

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  #66 (permalink)
Pittsburgh, Pennsylvania
 
 
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Timot View Post
You are not ready in other respects...

Look, if you have a specific question about this thread or the Combine, ask and you shall receive an answer. But don't complain about the whole thread general, if you don't understand what it is for...

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  #67 (permalink)
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Pedro40 View Post
In other threads the question of DLL and Max DD came up. Namely, can you dip below the DLL as long as you close out the trade above it?

I actually asked this by email, here is the correspodence:

" just to clarify, the rules say I can't go below the DLL with my REALIZED P/L. But can I actually go below it with an open position as long as I don't close the position with a loss bigger than the DLL? So if the market turns back, I can get out of the position and still not hit the realized DLL?"

Answer by Connor from TST:

"You can't at any time throughout the day touch your Daily Loss Limit. It is determined by your Net P&L, once you hit it you can not trade out of it."

So in plain English, you can not dip below either DLL or Max. DD. And that actually makes sense, since there is no guarantee you are only dipping below for a short period of time, and it will come back...

Petro,I appreciate your post. I understood the DDL was for unrealized or realized net p/l. The issue at hand was Max Drawdown. The website says it is EOD number and I was seeking consensus among Combine participants that it is EOD. Let's assume that it was not and it was for real time. If you lose 2000 accumulatively in the fist 2 days (for 150k acct), you only have 2500 to work with in day 3, not the 3000 daily loss limit. If this is the case, TST SHOULD absolutely remove wording like "end of day" from their definitions. It is misleading and they can't have it both ways.

If all the numbers refer to real time, they should not use words like "realized" and "end of day" in their definitions; simply saying "real time"would clear everything. Why didn't they do so?

MsFutures

Ps, I was trying to bring up this topic over at the main TST forum but since I did not have 10 posts yet I was not allowed to post there. Interesting restriction on futures.io (formerly BMT).

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  #68 (permalink)
Market Wizard
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MsFutures View Post
Ps, I was trying to bring up this topic over at the main TST forum but since I did not have 10 posts yet I was not allowed to post there. Interesting restriction on futures.io (formerly BMT).

@MsFutures:

You may ask that particular question during the AMA session with TST's Michael Patak next Thursday.

He should be able to give you an answer to that question.

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  #69 (permalink)
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MsFutures View Post
I understood the DDL was for unrealized or realized net p/l. The issue at hand was Max Drawdown.

Well, the Max DD is basicly just a summarized DLL, and the same logic applies to it. Let's say you lose 2200-2200$ in the first 2 days. You didn't get close to the DLL, but you only have 100$ wiggling room left in the max DD. If they let you go EOD with the Max DD, you could go in the negative by 2900$ that day based on the DLL, and if you can't make it back, you could eventually lose 2200+2200+2900=7300$ instead of the max DD, which is 4500$...So that would defeat the purpose of having a Max DD....

So because of this logic, I am pretty sure the Max DD is also on touch, not EOD.... But yes, better ask the boss next Thursday...

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  #70 (permalink)
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Pedro40 View Post
Well, the Max DD is basicly just a summarized DLL, and the same logic applies to it. Let's say you lose 2200-2200$ in the first 2 days. You didn't get close to the DLL, but you only have 100$ wiggling room left in the max DD. If they let you go EOD with the Max DD, you could go in the negative by 2900$ that day based on the DLL, and if you can't make it back, you could eventually lose 2200+2200+2900=7300$ instead of the max DD, which is 4500$...So that would defeat the purpose of having a Max DD....

So because of this logic, I am pretty sure the Max DD is also on touch, not EOD.... But yes, better ask the boss next Thursday...

I agree with you. That was my thinking as well before I started the combine. That was what prompted me to ask TST to CLARIFY their definitions in the first place. If all the numbers are real time, then they really need to rework on their lengthy and misleading definitions.

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June 9, 2013


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