Per the TST website: please see the following changes to the combine process:
You may choose either a MINIMUM of 10 or 20 days of trading evaluation, each to be completed within 30 or 60 calendar days, respectively. The ability to trade additional days in the Combine is dependent upon the following scenarios:
If within the first 10 trading days (if enrolled in a 10-Day Minimum Combine) or 20 trading days (if enrolled in a 20-Day Minimum Combine), the Daily Loss Limit or Max Drawdown is hit or exceeded, immediately following the completion of the 10th or 20th trading day, the Combine will be closed and will not be eligible for review.
If upon the completion of the 10th or 20th trading day, the Daily Loss Limit or Max Drawdown has NOT been hit or exceeded during the first 10 or 20 trading days, you may continue to trade the account. At this time, or any time going forward (within 30 or 60 calendar days of the start date), you may “Submit” your Trade Report for a review from the Scout team.
If at any point after the 10th or 20th trading day, the Daily Loss Limit or Max Drawdown is hit or exceeded, the Combine will be closed and will not be eligible for review.
If you do not trade the required minimum days during the allotted time, the Trading Combine account will automatically expire.
You will have access to the Squawk Radio for the entire 30 or 60 calendar days.
So bottom line is, under no circumstance can you allow the Daily Loss Limit to be hit. (Same as before) But, you have to be profitable in the first 10 days now.
Last edited by pilotui; July 12th, 2013 at 11:33 AM.
The following 2 users say Thank You to pilotui for this post:
Note that this does seem to agree with the e-mail they sent out earlier this week, which states that after 10 days (for a 30 day Combine), it is over (bold type is mine):
Exciting news! We are changing our Combine structure so that moving forward, the profit target and deposit requirement for each account size will be the same, whether you are in a 10 or 20 day Combine. And, the 10 day Combine will now allow 30 calendar days to trade only 10 days. After the tenth trading day, the Combine will end and eligible Combines will be reviewed. The same format will be in place for the 20 day Combine to trade only 20 days within 60 calendar days. This change will only apply to Combines started on or after Monday, July 15, 2013."
If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Yeah that is strange...so after Monday they will review all combines after the 10th day for? Profitability? So is this saying that there will be no difference in the 10/20 day profit targets? I'm guessing the cost will rise though?
(It has already been discussed in the second thread).
I am closing this duplicate thread.
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.