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)
Congratulations Justin, you passed your Trading Combine® and have advanced to Funded Trader Preparation™!"
Stage 1, complete!
This second stage, and the transition into the funded account, will tell the tale, for me.
I'm convinced now that they're certainly interested in 'churn', my remaining question is to what degree they prize this 'churn' above the more helpful/altruistic motives of helping new traders. I fully understand they're a business with a bottom line, but in arenas in which reputation play such a role, my hope is that they're seeking an ideal blend of the helpful and profitable. I find myself still needing more context.
More than anything I'd like to hear from some currently funded traders, should any happen to be reading this. Does it feel like a minefield, where you can be booted at any moment due to chance/randomness, or are you confident that if you trade well and pay attention, your funded account is relatively safe/secure?
Thanks, Lemons. . but I'm actually not the least bit worried about my own personal combine, since this is just a further means to get a feel for the overall user experience and their means and methods of operation, I'm just seeking as much information as I can gather, to make decisions on whether or not to highlight them on a soon to be launched site. . . and if I do so, how to go about it, and whether to include caveats or warnings, etc.
Would still love to hear from those who've been officially funded, in the past!
What would happen if, say, you traded on a contract for a day longer than you were supposed to, for example? Let's say you were in the 1-17 contract, when TST had officially switched over to the 3-17 contract. . if you placed such a trade, would this spell the end of your live account? These are the types of trivialities than I'm most curious about, as to whether they're cause for immediate account termination, or whether TST seeks to work with the trader in such cases (especially if/when they're trading profitably). Any experiences like this?
There were 540 funded traders last year. Let's assume that only 10% pass giving us 5,400 traders in the combine. Next let's assume that all of the traders paid for the 165$ combine. Exchange data fees are $85 so they're really only making $80 per combine if not less.
So...
$80*5400 = $432,000
Now if we assume that every customer paid every month for the combine we get
$432,000 * 12 = $5,184,000
So I guess it really depends on how long customers stay for doesn't it? However, I'm going to guess that once you add in employee costs and so forth that it turns out they need both sides to really make a lot of money.
I find the complaints in this thread about risk to be very interesting. The combine itself is a low risk proposition, so it makes sense that the payout won't be that much. What do I mean? Well you can trade oil, get lucky, and make it to funded trading. Indeed, looking at the funded traders every month that appears to be what a lot of people do! Thus its no surprise that many of those traders end up losing their funded accounts when they finally hit a bad streak.
OR
You could trade one ZN contract. Something almost nobody ever does in the combine. I swear Eddie only talks about the 10-year when I've put in trades so I'm starting to think I'm the only one. On a bad day I might lose $150. However, I can have 13 days like that in a row before I bust their maximum drawdown rules. Plus you can increase your size for that easy trend day. Now maybe it takes you six months to pass the combine, and maybe you only make $5,000 a year in a funded account. However, like I said the combine is a low risk proposition to begin with.
Correct, Mike. . It's been approximately a year in the making, and in roughly a week or two, it'll go 'live'. We'd been planning on PM'ing you just before that occurs to make sure we're compliant with the policies here. . I hope I didn't overstep by even mentioning its existence, apologies if so. I'm just trying to do my due diligence to make sure we don't link to or suggest anything remotely questionable. Reading through these vendor threads has been invaluable (as this site so often is, very few resources like it), TST was one of the biggest looming question marks.