just.. nice to know. The real risk for blow out is both dependent on # of trades, probability of loss, and risk per trade. As the # of trades goes up then the risk goes up... I prefer to cap my risk per day. I don't care as much how much I risk per trade.. I want to make sure at the end of the day I'm not down more then X amount. As a single market trader, this works well for me. But its also dependent on my not realizing the risk.. if I start to realize it then I have to cut back. As, I'm not super active then that is part of why I found this to work for me. If I were more active, I might adopt a risk per trade rule but the risk per day cap for high probability traders is a good safety net.
Mav, 1) No, I don't visit P&R forums. I have better things to do 2) Thanks for information. I did not know that you have been accused as a shill earlier also - VTrader, Bright, now Patak and others as well. Wow! Now, I know this much practice over the years has made you really good at your game. 3) Yes, I agree - you post whatever you like, without thinking it through. 4) Go and open your own combines Mav - just make them better. I promise you, you will make way way more money that route compared to shilling for various firms from time to time. And the best thing is - it doesn't cost much to open a firm like Patak - maybe 5k or so.
Man....for a guy who was suppose to stop posting about Patak days ago, you sure do post a lot. What the hell did Michael Patak do to you? Did he steal your last girlfriend ? Run over your dog with his car ? You obviously have a very personal problem with the guy/his company. Pretty soon the other conspiracy wackos like yourself will claim you actually work for a rival trading company. At this point nothing would suprise me with the way you have been acting. The "looking out for other new guys" thing is a load of shit. As far as exposing Mav? Dude...this whole thread exposed you. A whining bitch with way too much time on his hands.
Traderchi, Earlier in one of your longer posts, you suggested a lot of good changes to the Patak program. You should ask Patak to make those changes. If he makes those changes, I will happily accept that Patak's program has changed and has become much better! I have no problems with Mav, other than that he is presenting misleading information so that he can influence readers. However, you will note that even after so much mud-slinging, I don't have any bad feeling towards Mav. I am in this just for a professional conversation. Lets say Mav is a professional shill. and he charges say 5k-10k per firm for shilling. Even if he has shilled for 10 clients over the last 5 yrs, that is 50k-100k income over the last 5 yrs. So, he earns say 10 to 20k from shilling every year. If he starts his own improved combines, he will make at least 200-500k from those combines per year. LOL. Not sure why he continues to shill rather than move on to open his own combines! I said earlier - you should also open your combines - even if you earn a lot of money from your trading currently, it will be a very good side business to run. Cheers.
Cooltraderdude- I will be more then happy to do this. Many in our program have blogs that document their experience and they post their trade reports. This allows them to be true to themselves and others around them on their ability creating a humble accountable trader. I am open to offering a critical member of ET a free 10 day Combine where we evaluate them on a $50,000 account, with a 5 lot maximum position, and a $1,000 daily loss limit. To receive funding they must profit $3,500 and adhere to the scouting criteria: http://www.topsteptrader.com/scoutingcriteria If at the end of the Combine the critical ET member has an ending balance greater than or equal to $3,500 and has adhered to the scouting criteria (found on the link I shared above), I will extend an offer to trade the same account with the same risk parameters LIVE as detailed here: http://www.topsteptrader.com/fundedtrader (max drawdown for the LIVE account is twice your daily loss limit or $2,000) Whoever we select in this will have their trade report posted on Elite Trader each day that they trade. We will also have their trade report profile found at this location viewable to the Elite Trader community and the public: http://www.topsteptrader.com/Profiles Everything mentioned above BESIDE MAKING THE TRADE REPORTS PUBLIC, is our standard Combine format. Let me know if this is something that interest anyone here. Once we have someone interested and ready to start we will start a new thread and we can all together go through their Combine experience. mp ps. we encourage the candidate selected to use all the tools in our program to maximize their performance... trade reports, daily hour long classes, trade journal, TST squawk radio broadcast LIVE outside the S&P pit, with real-time breaking news feed, interactive chat room, Bi-montlhy group Trading Psychology session with Dr. Andrew Menaker, and great camaraderie with other like-minded traders. Lastly- I would like to invite anyone to check out our program (which includes all the tools listed above along with Trading and Charting platform with real-time data feed) for 2-weeks completely FREE. Register for the trial here: http://www.topsteptrader.com/membership
My response covered multiple issues - so not sure what you are asking. If you asking about Mav, see, I have no way in the world of knowing what Mav is actually. So, it just looks like he is shilling for Patak but can't be sure of that, unless I can have his phone call details. Maybe they will expose his hands in gloves with Patak. I am not going to attempt to get my hands on that. LOL. I have already spent way too much of my time on these threads. However, what I am sure of is that it is possible to generate an income of 200-500k from a new combine operation, if you design it correctly and market it correctly. You know what - I will market it for you - for zero cost on ET - if you can design a better combine operation. It is good for the industry! And of course, I want Mav, TraderChi, even you to open up your own combines. It won't cost more than 5k, since you fund the live traders from combine failures. Zero risk capital for the owners. RoI beyond imagination. Say 500k on 5k i.e. 100x in 1 year. Its a no-brainer business, imo.