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Mike, I am not an algo trader. I am a manual system trader with a healthy dose of discretion. It means I get an idea, find suitable parameters and market conditions, test it, build a system with well-defined rules and trade it. On opposite from pure discretionary traders who look at the market and generate a setup on fly from thousand of different parameters and ideas that cannot be properly tested and edge to be found because no setups are ever the same.
This was my original purpose - to learn both from the process and from experience trading for TST (if I get there). Trading is a lonely business and you can hardly learn from anybody if you trade from home, unlikely in most other businesses and professions where you have peers around and grab some their knowledge and learn from their experience. That was what I wanted to do: get experience trading for a firm, see how it works, how they manage it, get a proper risk management structure around, accountability and reporting.
Ultimately I can back myself as I did before, my previous trading endeavors were successful and profitable. However you can only get so far if you are isolated. So this is more about earning experience than living for me. At least for the moment. Still I need this to make money to justify my work.
Long-term I don't think I have any interest in it, I am a loner by nature, but would like to see trading as a business rather than profession, therefore getting experience in this field is very valuable.
Closer to that, but I wouldn't call it this way. Setups are mechanical but there is a lot of preconditions and trade management relies totally on immediate order flow.
Having been thinking about it some more now, I understand that conditions aren't the best now to do LivePrep or even go Live due to other commitments that are arising. However, I still have lots of free time on many days, and after being deprived of trading after finishing the combine and dying from boredom, I think this LivePrep can be at least taken as a developmental stage. What I don't like about is that they said they will refund my Combine fee after I finish LivePrep. Does it mean they won't refund me if I fail? That wasn't anywhere on the website once I signed up. Or they just use it a motivator to take LivePrep seriously, just like original Combine?
As far as I understand, anyone who is net positive for a combine and has passed the scouting criteria will receive a refund / free rollover to do another combine. So in your case im sure you will get refunded or given another free combine regardless of the outcome of your live trader prep.