BM, I haven't forgot you. Reviewing my replies to make sure I have all the ducks in a nice row. However, I'm not convinced this is something anyone other you cares about based on subsequent posts labeling me as a disgruntled loser. It's another case of shooting the messenger. And that's fine, too. I'm not running for president.
I'm inclined to let my previous posts speak for themselves and let those who wish to buy a Combine do so and satisfy themselves if what I say resonates and draw their own conclusions. What's more, my remarks were not meant as a personal attack on TST; I simply reported a few of the important facts I thought others might be interested in knowing so they can have unvarnished information before spending money to effectively do what is available for free with NT; namely, trade SIM with ultra conservative risk parameters.
The following user says Thank You to GuyMM for this post:
Your defense isn't exactly in line with how you were coming off two pages ago. Whether you have an axe to burn or not, it's not going to convince anyone of something they haven't experienced themselves. And going back to what others have said, if it didn't work out for you, that's not TST's fault - it's yours. If someone who would rather spend a couple hundred on a combine than trade vastly underfunded on margin with a sketchy broker is a sucker, I would rather be the sucker than the guy who is almost certain to lose his ass. The combine forces you to learn how not to lose money, and from there, if you're open to possibility, you can learn how to make it. That's all I have to say. This discussion does not belong on this thread. This is for people to share their success, not rail against a firm that is willing to invest in optimistic, skilled people.
The following 2 users say Thank You to DrewDown for this post:
I suggest you re-read the title of this thread again. I passed the Combine and was funded. That's the qualifier to post here. If anything, since you obviously aren't in that category, it is you who shouldn't be posting here.
I have been trading the markets for a while now and I have been great at Price Action Trading.... Intraday and Forex but unfortunately I am under-capitalized which poses a lot of problems while trading... And then I came across Topstep and it is amazing that I practically get the opportunity to trade in US futures markets... Being in India, US futures contract margin required is huge and I couldn't even dream of it...
Anyway, I am demo trading Emini and I find the combine rules to be extremely tight and hence I am Scalping the market which is what I first started doing in the Indian markets before becoming a Price Action Day Trader...
I am posting my first couple of days of demo and I am sure I can maintain this consistency since scalping comes quite easily to me... I could not continue this on the Indian markets because of the high Exchange fees and brokerage fees and the profit virtually disappears and nothing substantial is left for myself at the end of the day, hence the transformation into a Price Action trader...
I would like to know how it looks to other people who are being funded and how topstep feels about the statistics... I know its a demo and then a combine is an entirely different ball game and an actual funded account is another but I kind of am sure I can keep my mind neutral across all three games demo to funded account...
Just want to know how the statistics look considering this is the first time I am trading Emini and never traded US Futures before... Also, I trade only one lot even though its a 150K account... That is my threshold and I would not like to trade beyond 1...
Please do let me know if these stats for a 10K or 30K Combine get me close to being funded or if not, I will try to enhance and see how I can go about to bring some betterment in the stats....
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
You're looking good so far. I would think about or re-read your diary for your first day where your average loss is twice the size of your average win. A four point loss sounds a lot for a scalper. You do have green ticks though next to all the TST Combine rules so you are following them correctly. Bearing in mind you only need to make $1000 for the 10k or $1500 for the 30k you would be doing very well if that was a Combine. Remember though that even if you choose the Continuous Combine you have to do a minimum of 10 days whether you hit the profit target earlier or not. For people who do hit the target early TST also like to see the remaining days as proper trading, not just say one trade a day making or losing a tick until the 10 day target is hit. You could always start a journal in the Journal section, if you are happy with the idea of a public journal, and document your daily trading which might help you with feedback if you want it. Anyway, Good luck.
The following user says Thank You to matthew28 for this post:
Thank you for bringing my attention to the first day... I did not think of it in that perspective... I actually have never traded Emini before and that first day was first ever. It took me a while to get the feel of the movement. It still is pretty erratic to me but I am warming up to it now. Following the fourth day when I made another 500 with almost the same stats, I had a problem with my internet and couple of positions stayed open for the entire night which just blew my Combine rules. But I am pretty sure I can consistently pull days in green with scalp. Right now, I am just using the accounts to build a system and taking a large number of trades forward testing... Once I do this, I will trade the last 5 days of my practice account with the virtual combine rules for the remaining balance...
And, I might start a public journal for my actual combine.
Thank You... And Good Luck to you too....
The following 4 users say Thank You to pavanb15589 for this post:
Platform: NinjaTrader, CTS (T4), Siera Chart, Market Delta, Esignal, FXCM, R trader Pro
Favorite Futures: ALL- Futures, Forex, Equities
Posts: 183 since Feb 2013
Thanks: 35 given,
Pavanb15589 - We are very happy you are here and looking forward to seeing you succeeding in the Trading Combine and a Funded Account. You are correct in stating that the practice account will be different than the Trading Combine, as the Combine is evaluated, has an accountability feel and instills discipline by following simple risk management rules. But I can give you a couple of ideas based off what we see from successful Combine and Funded Traders.
You mention scalping comes easy to you, but I don’t see you as a true scalper. You have a pretty short time frame, but we have seen traders that get past the “scalper mentality” tend to find greater success. The Combine rules do not suggest or favor any strategy, that is all up to you, it's all about managing risk.
We noticed with others that have similar risk/reward and style as you, that they need to maintain a higher win percentage in order to remain profitable. Once they start showing bigger winning trades than losses, they tend to begin to trade less, make more, and take some of the pressure off the need to be right so often. Without knowing your skills, the tools you are using, or your psychology, we can only relate what we have seen helping other traders in the Combine and Funded Accounts.
At your current balance and only trading 1 lots, you would qualify for the 10k account and very close to the 30k account profit targets after only 3 trading days. We require at least 10 trading days so make sure you keep trading your plan to show consistency, and keep working on improving your risk/reward ratio.
I hope that helps.
Director of Trader Development
If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the BMT "Ask Me Anything" thread.
The following 7 users say Thank You to TopstepTrader for this post:
Thank you for taking time out to reply and that helps a lot.
I would like to say that I am basically not a scalper. I trade trend and breakouts mostly and all these are based of Price Action with just 20EMA on the chart. My winning percentage is about 70% with 1:3 or 1:4R on the Indian Markets and Forex. Though I am a discretionary trader, I do look for certain trigger points.
The problem I am currently facing is I would like to trade only EMini and my price action knowledge held up on the back test so far but I will also need more room for my trades to breathe which is why I am unable to truly day trade. I may choose a bigger account with 150K for my combine but that's too much power and I have made huge mistakes with bigger capital. A capital threshold level I guess. I find myself efficiently trading with just 1 lot and may be 2 lots. Hence, I am just stuck between choosing a bigger account and trade the way I trade or choose the smaller accounts and improve my scalping techniques which also I have done. Also, EMini's movements are still extremely new to me and most of the times it does not move as I expect it to and also there are different times in days and I need to check all the times of the day which is favorable for me to trade.
If I did not have a practice account, I would have directly started with the combine and then I would have realized Emini's behavior is way different than what I imagined it to be and surely I would have missed my first chance at finishing it successfully. The breakouts don't happen like how I normally trade on the Indian market and also the price action movement is a lot less predective . Since I have a practice account, I could just test what works and then start with my combine.
If you have any suggestions, please do let me know.
Also, I see that FXCM is in the list of your Platforms. Is Tradestation available for Combine?
Last edited by pavanb15589; September 1st, 2015 at 09:15 PM.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following 3 users say Thank You to Big Mike for this post: