I believe it was posted you get demoted back to combine if you hit double the max daily loss limit which is $500 x 2 on the 30k account Lose $1000 and you no longer are trading live. Where are you getting the lose 5k number from ? 2 x 3k for the 150k account ? The only problem here is I bet 85-90% of the combine accounts are the 30k account so if only 10-15% are doing combine with bigger account and only 1-3% of them go live then 180 paying for combine 10% choosing 150k combine paying 400 So 18 people x 400 = 7200 profit to back the 1 person out of 18 who goes live. 7200 covers the $6000 risk given to the 1 live trader This whole deal is set up to be risk pretty much risk free to the owner You just don't get it
Bet me! You are 100% wrong. Don't call me names. Just bet me. We'll have Don Bright hold the bet. How much do you want to wager? If I win the bet I'll give your money to charity. Michael has been very clear about this. Very clear. It's specifically why he mentioned that they had traders who were up 15k to 20k and gave back all their profits. How can you give back 20k in profits if they cut you off at 1k? Come on man, do the math. Get help if you have to. But let's put some money on this. If I have to listen to your shit I at least want to get paid for it.
Yes, per month. They claimed it was going into technology cost, legal cost, IT support, etc. And I actually believe them based on what I know about the firm. Their legal bills went into 7 figures every year. Someone has to pay for that.
I understand how things work in stocks & futures , been around the block a few times I know you love to talk about all the real props shops in chicago, but this is not one of them , as most people realize If your a profitable trader then you should expect to get the highest payout with the lowest commissions possible no matter what you trade or what firm you trade with Anytime you have risk captial at stake , skin in the game Then someone should to negotiate a good deal ptk is not a propreitary firm & offers limited benefits to anyone that can fund there own account & trade profitably That is why all these new people , no matter where they go get taken advantage , they don't know any better This model that ptp is designed for new traders for the most part When risking your own money once profitable & giving away 40 % of your profits with paying high commissions this is a lousy deal for most traders with any common sense no matter what firm offers it The bottomline for any profitable trader is to get the highest payout & lowest commission no matter what they trade or where is someone has a clue if your new or just don't have the money this by all means this may be a ok deal for some it's all personal choice , this is just another pie in the sky dream for most
So is putting down a 2k deposit at some chop shop and think you are going to make millions. No laws against dreaming in this country.
Mav, Actually, we ARE in agreement on this point. It was in my prior post, here is the excerpt below.