TopstepTrader and Patak Trading Partners- Any and all questions answered here

Discussion in 'Prop Firms' started by MichaelPatak, Aug 31, 2012.

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  1. Been there, done that. no argument here.

    Truth please-- does your firm teach/promote TA as a viable method?

    surf
     
    #441     Sep 6, 2012
  2. Maverick74

    Maverick74

    Those 8 guys could easily go through 30k in losses. Or are you saying they are great traders now?
     
    #442     Sep 6, 2012
  3. Maverick74

    Maverick74

    I did a simple search in 5 seconds and found several on linkedin. It's not that hard bud. Please make an effort.
     
    #443     Sep 6, 2012
  4. volente_00

    volente_00




    Your so full of $hit and excuses


    What it boils down to is you can either trade or you can't





    I use t4 platform trading real money and although it is generic looking and charts are so so it has been 100% reliable for me

    Surely it can work for you on sim
     
    #444     Sep 6, 2012
  5. NoDoji

    NoDoji

    They want "critical members" of ET to prove themselves. I'd love to see any one of the "TA doesn't work" camp take advantage of this and demonstrate to us deluded dreamers what really DOES work. :D
     
    #445     Sep 6, 2012
    VPhantom likes this.
  6. volente_00

    volente_00

    How when they get sent back to the combine if they lose $1000 each total or hit $500 intraday?
     
    #446     Sep 6, 2012
  7. Maverick74

    Maverick74

    Depending on the combine it's anywhere from 2k to 6k in losses. And he stated they have reset the losses as many as 4 times. So let's be conservative and take the midpoint. That would be two combine re-sets at 4k each. That's 8k in losses times 8 traders. That's 64k in potential losses.
     
    #447     Sep 6, 2012
  8. Lucias, your points are well thought out regarding making improvements/changes to the combine. I don't know about their platform, my guess is if they felt it was not up to par, then they would change it. I've used many different equity platforms, they all have their pros and cons and opinions are subjective.

    Regarding the 1k, I see what you're implying, however it's only "YOUR" money if you first make the profit of 1k. If you trade live and immediately take a 1k hit, it's THEIR RISK, since you didn't place any capital, and don't have to earn it back when you trade the live account again. I think we can both agree on this point.

    If opening your own live account and placing your own funds on the line is not an option, then here's an opportunity for a trader to secure a live funded account with very limited out of pocket. And since they're willing to provide evidence that some are passing, it's obviously doable for those willing to give it a shot.

    If a trader is going to do this, they either accept the parameters, attempt to modify it slighty using a custom combine, or decline to participate. Those are basically the three choices a trader has when viewing TST.
     
    #448     Sep 6, 2012



  9. Dude, we use to trade on a pay phone and a portable quotron machine--- stop the excuses about bad software and try it for real. Otherwise find another obsession.

    The market holds the strongest attraction for those least suited for it---surf


    Surf
     
    #449     Sep 6, 2012
  10. volente_00

    volente_00


    The numbers don't lie


    for every 150k combine, 97 out of 100 will lose their $400 deposit


    Do you really think they will let the 3 who go live each lose 13k each ?
     
    #450     Sep 6, 2012
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