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Would never borrow from family or friends. Would be a regular loan. And if I were to do it, I would use my current account as collateral. Meaning for my 5K account - I'll borrow say 10K and give myself a max drawdown at 5K - paying off the loan in full minus interest.
That is correct. You don't pay anything for the data feed during the evaluation or once funded with OneUP.
In regards to both TST and OneUp, they both technically have a two stage period before being able to pocket real money. TST has a two stage evaluation prior to getting funded. OneUp, has a single stage during the evaluation period and once funded, the second stage is to achieve a withdrawal threshold, before having any real equity. see below link.
In theory, I could achieve the same by simply utilizing a 5K margin for 1 ES (the plan is to start trading 1ES with a 5K account), but I think it will be psychologically easier to trade 1ES with a 15K account even though it's borrowed money.
Re posts #1 and #2: TST trailing drawdown is end of day only in the combine but once funded it is intraday.
From their help pages:
Trading Combine: Weekly Loss Limit, and Trailing Max Drawdown are all calculated on end of trade day Net P&L during the Trading Combine while in a SIM environment.
Funded Account: Similar to the way the Daily Loss Limit is calculated intraday in the Trading Combine Combine, once in the Funded Account, the Weekly Loss Limit, and Trailing Max Drawdown are also liquidated intraday (based on unrealized P&L). This means if you reach one of these limits at any point during the trading day, you will break a rule and you will be locked out of your account immediately.
I've always viewed that as a positive. The rule is more relaxed in the Combine than it would be in real life. In the Combine you can dip below the max drawdown, if your DLL allows it and have a chance of making it back.
But in the Funded account the Weekly Loss limit and Trailing Max Drawdown are specified at the beginning of the day and that is the maximum amount of money you will lose and their risk system will then cut you off.
If it was intraday it would render the risk management redundant, as in theory trading the largest 150K account with a $4,500 drawdown one could start the day a couple of hundred Dollars above the max drawdown and not get shut out automatically unless you hit the $3,000 DLL but even if you stop at -$2,900 on the day without hitting the automatic lockout the trader would have still lost a good $2,500 more than the limit set on the account. The risk settings are rightly enforced rigidly with real money but a slightly relaxed version is used in the sim/Combine.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden