a combine is only "rolled" without new withdrawel if you are a almost "ready" trader
In my understanding a combine can only be "rolled" without new "deposit" if you have no loss on any traded underlyings, that means if you have a total loss of 100 $ on NQ and a profit of 1000$ on YM and you fullfilled all other "rules" (Overall Winning Day percentage of 55 or greater + Largest Losing Day will not hit or exceed Daily Loss Limit + Account Balance will not hit or exceed Trailing Max Drawdown) you will not be rolled even if your total profit is 900 $.
You will have to send new "deposit" because of "Rule not met Average Net P&L greater than $0 for each product traded".
Only to clarify, I think that means that you have to be a almost "ready" trader because you have to make a positive result on any traded product in 10 days - in my opinion best you take only advantages in one product or at the middle of a combine you trade only on negative products "making them positive again" to keep your combine "roll-able".
If you look at their rules, they concentrate mainly on loss control. Many people (including me) have found that taking the Combine improves their trading discipline, and hence their trading results.
The people at TsT are long-time ex-pit traders. They want to keep losses in hand, to insure long-term survival. Without that, there's no real chance of profit, over time. It's a point of view that's worth considering.
(Also, remember that the funded account is not just an account where they were nice enough to give you free money to trade with. A funded trader is trading a portion of the firm's capital; every trading firm, including TsT, has risk control procedures in place to limit its losses incurred by its traders. The Combine enforces similar risk control, which is not a bad thing for a trader to learn.)
@Big Mike mentioned somewhere that, in his view, the value of the Combine is in the discipline, much more than the hope of getting funded.
On that basis, I always recommend it. It also gives a chance for a very realistic assessment of where you really are in your trading....
That's just me, of course. Some people look at the rules and say, "I don't want to trade like that." Different strokes for different folks....
Last edited by bobwest; June 16th, 2014 at 08:45 AM.
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I started a combine a few days ago and have the journal of my results on futures.io (formerly BMT). I have completed 3 days so far, so I have 7 days to go. In my experience, it has already benefited me, so I feel like a winner already. Now, before every single trade, I ask myself "Is this trade in my client's best interest?". After all, I am asking to manage someone else's money and it is my responsibility to prove that I am worthy of this priviledge and have respect for their hard earned money. This has shifted my thinking and has improved my performance. So, hooray for the combine!
Last edited by ZENDINA; June 18th, 2014 at 05:44 PM.
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It has been helpful to me too, but this is the first time I have seen this thought expressed, at least in this way. I can see how the awareness of responsibility to someone else can make a difference, in how solid and well-thought-out your judgments are.
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