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Congrats. Sounds like you should be able to work within what's been decided. And plenty of time to do it in.
Could you please explain a bit more on your point regarding trading hours. I plan on doing the combine in the near future. But because I trade from South Africa and trade currencies (6B), I trade during the US overnight session for the most part, and then only the first 3 hours or so of the US session. Are you saying that wouldn't be allowed? Trading the full US session would be impossible for me. Im asleep
The thing is when you go live you cant trade before 7am ct. So there is no point trading at different time in LP since it called to mimic junior trader conditions. Once Senior you have much more flexibility, after all its your money you will be losing It can be hard with currencies but if you can stick through LP and JT you could trade your comfort hours later. The reason for this requiremebt is live account monitorin in JT phase.
Also you only can trade your combine instruments in LP.
For restricting the trading hours from 7 AM - 3 PM, because that is what they do with real money, I understand why. But, they should enforce the same rule for the Combine, too.
How do the LP rules apply to more than 1 instrument are traded? Let's say if I trade 3 different things, the max. 5 cars would mean all 3 instruments together, I assume?
Or the max. number of consecutive losers being 3, if I lose twice in oil then I switch to gold, my allowed losing time is 1 only?
I figure you might don't know the answers, but someone who have been in the same situation might and post the answer here...
Good point. One of the newly funded traders had 20 hours long trades, and obviously impossible scenario with their Live trading rules...
Since during out conversation with John or in email exchange with him and Erin there was no mention of any NDA of LP details or reports, I plan to continue posting my detailed progress here with LP reports. I had been asked by Big Mike to do a webinar on my experience and any other topic I chose, so if you are interested in something shout it out here, there is no point talking about something people care not about hearing.
Thanks for the reply. However this is not stated anywhere on their website. In fact on this page it is specifically stated: "Products below can be traded in the Combine during normal electronic trading hours unless otherwise indicated": Trading Futures: FX, Oil, E-mini S&P 500 | TopstepTrader
I am very confused because from my understanding they pull a report of the day's performance at 3:10pm CST each day. At that time you need to be flat so they can pull the report.
I find it "interesting" that they want to force traders from around the planet to trade the US session, especially in markets such as currencies which are firstly, 24hours, and secondly like the 6B their main trading hours are during the UK session.
Anyway, I dont want to derail your journal. Ill contact tst in the ask me anything thread about this.
Hi you can trade Combine all these times as specified, certainly. It's that you can't do that in LiveTraderPrep. And we both with Kevin explained the reason: because you can't trade outside of 7AM-310PM CST when live with them, during Junior Trader period. It has nothing to do with instrument or liquidity, it has to do with the fact that a real person will be sitting there and looking at your account performance real life, making sure you won't do too much damage to their money. And since they are in Chicago, nobody wants to sit and watch at 1 AM. Once cushion is built they will let you trade any time you want withing Globex session making a break at 3:10 PM. Gold has restrictions of its own because of liquidity concerns. But again it has nothing to do with LP and JT restrictions.