Monday, August 22, 2016

How Much Does It Cost To Pass A Combine?


Below is a breakdown of the total (fiscal) cost incurred to develop myself to the point of passing a Combine.

Things to note as you read through the data:

* Figures in bold that aren't underlined represent the monthly fee for the Combine- commas separate the months. E.g Two bold, non-underlined figures means the Combine lasted at least two months.

* Figures in bold that ARE underlined represent "account resets"- where rules were broken/limits were surpassed and the account was reset.

* The (mostly negative) figures after the backslash is the amount of profit/loss shown on each Combine account when it was closed/reset.

* Some Combines were paid for with "Ticks"- TST's currency that was paid out to people who participated in the "Community Journal" and in the "Squawk" chat room. (They've stopped offering Combines for ticks now).

* The monthly fee varies as I changed account size.

* Finally, the total cost is shown at the end in bold along with the total P&L of all the accounts...shown after the backslash.

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CREDIT CARD TRANSACTION FEES NOT INCLUDED!

1) 20-DAY Combine. Completed 09/07/14= ??? (~$300) (NO RECORDS) /-$5370

2) Combine. Completed 31/03/15= $279, $279, $100/ -$3280

3) 10-DAY Combine. Completed 18/05/15= $FREE (Ticks)/ +$552

4) Combine. Completed 13/05/15= $325/ -$2801

5) Combine. Completed 15/06/15= $150, $100/ -$1548

6) 10-DAY Combine. Completed 15/06/15= $FREE (Ticks)/ -$1594

7) 10-DAY Combine. Completed 23/07/15= $FREE (Ticks)/ -$288

8) Combine. Completed 24/08/15= $150, $150/ -$272

9) 10-DAY Combine. Completed 11/09/15= $FREE (Ticks)/ -$137

10) Combine. Completed 01/10/15= $150, $100/ -$1513

11) 10-DAY Combine. Completed 30/10/15= $FREE (Ticks)/ +$294

12) Combine. Completed 31/10/15= $150, $100/ -$1184

13) Combine. Completed 20/11/15= $150, $100/ -$1510

14) Combine. Completed 11/03/16= $150, $150, $150/ -$1133

15) (Combine. Completed 30/05/16= $100, $100, $100- Patient Pigeon Account.)/ -$240

16) Combine. PASSED 20/08/16= $150, $150, $150/ +1508


TOTAL COST: $3783/ -18,516


PS

For those who want to follow my Equity Curve journey, that post is in the "featured post" section at the top right of the blog. This will save having to scroll back to find it :)

Friday, August 19, 2016

Combine PASSED!


After 2 years and many attempts, I've finally managed to pass the $30K Combine!




The entire Combine lasted 57 trading days and 260 trades were taken. The vast majority of these trades were made across 4 instruments: 6A (Aus/Usd futures), 6B (Gbp/Usd), 6C (Cad/Usd) and YM (Dow Jones). 5 trades were taken in the ES (S&Ps) and 1 lone trade in CL (Crude futures).

A tightened up the strategy by making things more statistical and objective using the lessons learned  that I covered in this post. This change occurred 9 days into the Combine and is what I consider the beginning of orderly, rules-based trading within the entire data set.

The results after statistics were applied to the method.

The hardest part of achieving this result was giving up control. I used various techniques to help manage myself along the way, which I'll talk about in a future post.The range of emotions experienced were sometimes very hard to deal with, especially given the numerous stressors that have been present in my life over the last 12-18 months or so (births, deaths, financial difficulties, health and relationship...the list goes on and on).

I also met internal resistance when I reached the $1K mark and, then, when the finish line was in sight.

Next up: A post detailing the cost incurred to get to this point in my TST trading journey. Stay tuned :).