Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Just watched the recording. Great webinar as usual. Thanks for having them on.
Very informative and answered most of the questions I would have asked if I could have attended. I was particularly interested in traders from other countries which was discussed. Nice to hear they have at least one live trader from little old South Africa
One thing which wasn't asked which ill just email about them sometime is what happens with all the classes / education / IDT etc with people who dont live in a time zone which is conducive to doing them. I typically trade during the London/European session so hopefully there would be some way to participate or hear recordings. By the sounds of it, a large part of what makes the monthly membership attractive is the live education, coaching, squawk radio etc.
The one thing I want to point out to anyone and everyone who is considering a combine. There is no benefit at all to the higher combines. No matter which one you pass you will then have to complete the Funded Trader Prep program. Here and to start your live account you start with trading no more than 3 contracts and have to scale up as your account builds equity. Keeping in mind that you must be profitable and stay profitable after 10 trading days. So whether you pass the $30,000 or the $150,000 combine, you must still start from zero and build your account.
The bottom line is the higher combines are a waste of money, unless you are already profitable trading 2-3 contracts and simply want a structure to try your system using 10-15 contracts. The program does focus on discipline, which a lot of us needs. But if you know how to trade and have discipline and $15,000, just save the money and fund yourself. You are going to be funding yourself anyway.
I don't agree, Randy. I see two distinct advantages.
First, for people whose trading methods involved scaling in/out, who need to trade a minimum of 3 lots, they're going to need to take a higher Combine which allows that after passing the FTP.
Secondly, for those who already know they have a profitable method which complies with TST's requirements, they're going to be able to increase their position-sizing more rapidly after being funded, if they've passed a higher Combine, in accordance with TST's scaling plan.
Well I still don't see the value. Once you reach $10,000 in profits you can request higher limits and that is for any combine. Since they all start a funded trader at zero and the maximum for a $30,000 is 2 lots and the maximum for a $150,000 is 3 lots, no matter what combine you passed you should reach $10,000 at about the same time and from that point on TST will gladly increase your buying power. So where is the advantage? The bottom line is TST is only providing buying power. They are not funding your account. You could have $25,000 in profits and lose $25,001 and you are gone baby. So after 10 days if you lose $1 of their money you are history. So you are paying $375/mo to qualify for a $1 account. What a joke.
Now don't get me wrong. I think any combine is a great way to gain whatever a trader may be lacking. And once a trader can legitimately pass a combine (and you will know if it was blind luck or consistent persistent right trading) you will have what it takes to trade for a living. But to pay a percentage of profits plus give them all the tax benefits is not for me. Now for those who don't have $20,000 it is a viable option. But if you can trade and can fund your own account, then it is a piss poor trade in my opinion.
I don't think anyone's really disputing that, are they? TST's primary service (leaving aside the undoubted educational benefits about which so many have commented here) is surely aimed specifically at people who aren't able to fund themselves? So I acknowledge that it's not for you, of course. I'm just mentioning that I don't see that as a criticism of TST, myself, given that you're clearly not in their target market anyway.
