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In the Combine, I've been using T4 to enter trades, with Ninja as my charting tool, for a long time. Initially it was because when I started with Combines, they didn't offer anything but T4; after that, when they did have Ninja, I didn't want to use it right away because they had to make some modifications, and I wasn't interested in trading using something that might still have some bugs in it. After that, I have continued mainly out of mental inertia....
T4 is not as good a platform, in my opinion, but if all you are doing is entering trades with it, it is OK enough. For a long time I just used their DOM and ignored everything else (except open tickets and P/L!). It was awkward because I didn't have the entries and stops showing on my Ninja chart, but not all that bad. Now they have a version of chart trader, so you can see your positions and orders on a T4 chart.
You can take a couple of hours with the T4 Help screens to get used to the differences, and then it will be easy enough.
Now, I didn't really understand that you need to use T4 for the LTP. I don't understand it either, but never mind.... it does not have to be difficult.
I wrote this long post to encourage you about the use of T4; if youi have come this far, this will be a small step and you can overcome the difficulties.
I still find it very strange that you are being forced to change platforms. The whole idea is that you continue doing what has gotten you this far,...that includes using the platform which you are comfortable on.
If you hear back from TST as to why they are forcing you to change at this stage please let us know.
@TopstepTrader has just called me. We have been clarified I am free to continue to use NinjaTrader as my primary platform. Which is great, and my feeling was right about that it was a small mistake in the email.
We were speaking about the scaling plan as well. Unforcuneatly it is not changeable and bonded to lotsize. They have made this plan to avoid lots of burns in the begining and everyone has to align it. The only thing what has been changed here is that I have 60 calendar days to compline (minimum 10 days) so it was a missread from my side. I am still not happy with it, but that is what it is. The reason here is really lot size doesnt have any realation the risk what you take during 1 trade, but I know what is behind, and they have far more experience in this than me...
Based on this I would say that, in a lucky situation I can make this LTP in 20 trading days. If I am forcing my trades to take 2 winner in a day, maybe I can be ready much more quicker. We will see... Why I am saying this:
Building up 1500USD with YM with 2 lots, based on my results: is 10 days. (I am having 500USD/day avrage for 7 lots means, that is 140USD/day avarage for 2 lots).
We will do more talk on the LTP rules in the afternoon, I will let you know about the details
Good to hear that it was a mistake in a templated email.
I am doing a smaller size combine for this restrictive rule of fewer lots at the start. Do let us know if you have a plan to tackle scaling in. Also remember that there is a weekly loss limit now - some traders here have be busted for forgetting that.
If the tick value is bigger, than you are lucky, if your favorit instrument tick value is smaller, than you are doomed I was checking your journal it is almost the same for you (right now you are using 3 contract/trade, if you are getting successfull you will enabled to use 2 contracts only )
I am starting it on Monday. I will consider to make a journal, but I dont want to overpromise myself. The live trading prep is almost the same than the combine:
Account Parameters
Trading Platform: Ninjatrader
Duration: Until profits of $3,000 are established (minimum of 10 trading days required, maximum of 60 calendar days)
Starting Balance: $0
Loss Limit:
Per day: $2,000
Per calendar week: $2,000
(The Weekly Loss Limit is the maximum amount you may lose at any point in a calendar week (Monday through Friday). The Weekly Loss Limit is factored based on the SUM of the realized total end of day Net P&L in the calendar week.)
Max Drawdown: $3,000 (account may not drop below Trailing Max Drawdown)
Product to Trade: E-Mini Dow
Objective
Profit Target: $3,000
Rules:
Always implement stops with an open position
Only trade permitted products, during the permitted times (as listed above)
Achieve an Average Net P&L greater than $0 for each product traded (enforced after 10 trading days)
Achieve an overall Winning Day percentage of 50 or greater (enforced after 10 trading days)
Ensure your Largest Losing Day will not hit or exceed Daily/Weekly Loss Limit
Ensure your Account Balance will not hit or exceed your Trailing Max Drawdown
Do not hold positions into major economic releases.
Follow the funded trader scaling plan
---
I have been excluded NQ and CL from my trading instrument. I can do trade them, but those are not my primary instruments, so there is no sense to put it on the list.
I was asking Russel again, but till I will be not senior trader (oh hell long road to get there) I am not able to choose that one.
The scaling plan will makes me slow, I will try to do 2 good trade a day instead of 1 good trade, if it is make sense (if there is news than it makes sense to take 2 trade for example). It is a bit of out my comfort zone, but not a big deal, it will be good to pratice more patient and concentration from day to day
All the other rules were followed already so lets do it again, than again with the live account:P
Lucky morning, lucky day to start the Live Trader Preparation. I was checking the news today morning, and I have seen nothing. So my feeling was that, we are not going for big moves today, and big trends. Maybe I will wrong, but I dont care. I am done for the day. The picture was clear after the open, I had lots of space till the globex High, so if was good for long, even if it was a bit extreme for GAP lovers. I am not one of those.
I have 33 tick in 1 trade, in 5 mins. No reason to push it forward, see you tomorrow, on day 2.
(The plan is simple, 1 shot 1 kill. If it is not successfull, than commit yourself to trade. If it is, than leave it! You are done for the day, no reason to push it forward )
Some reason to take this trade:
- We have a lots of room to the upside
- We are still close to the opening range
- If this trade is not working, than I would have take the reversal immideatly (pretty obvius than we are shooting for to close the gap, and lots of space over there as well)
- Picture was nice, not supernice, but nice
Market is crazy like hell today. Dont want to guessing who is going to win or loose. Ofc you can win hell a lot of money on market drops like today, but never mind. The only goal here is to be consistence. Today she missed my pop up with 1 tick, so I didnt overcommit myself, ended up with +250USD, bit less then my daily goal (300USD), but it is more than enough for me a day like this.