I had a quick look at Patak around a month ago, when one ET friend first mentioned it. I then thought performance criteria is way too strict. But then browsing the Patak Trading thread, I saw Maverick74 really siding with Patak. I respect Maverick a lot and so I thought maybe I have missed something since Maverick is obviously way too experienced (so he must be right) and I became neutral in my views about Patak. Sometime this week, my ET friend mailed me saying he is going to join Patak and clearly there was conviction in his writing. That prompted me to think that I have really screwed up in my evaluation of Patak and I ought to take a relook with a fresh mind. After spending 2 hrs on its website and 2 hrs doing follow-up analysis to see if I should also join a combine and get funded, I have concluded that it is an 'elaborate' scheme to take money out of traders pockets. Obviously, Maverick is a very smart guy and the way he has been recommending Patak, now it is clear to me that he is getting paid by Patak for promotion as a tout or maybe he is a promoter of Patak himself. It saddens me to see that Maverick is out there to fool people since following his ACD thread, I used to think Maverick is a very good trader and I had very high regards for him. Today also, I don't have anything personal against Maverick - as I think he is just trying to make a quick buck by fooling people (most sellers of trading services do this and buyer beware is an oft-repeated proverb). But, now I seriously wonder how much money Maverick makes from his trading alone?!! Because if he is making 7 figures from his trading, he will never allow himself to do such a dishonorable thing by being part of such a group which is out there to outright fool people. Admittedly after this not so useful introductory post, in my next series of posts, I will write how I arrived at my conclusions about Patak.