You haven't a clue about my journalistic integrity. Seriously man, you don't ask personal business questions like those in an open format like this. They were ridiculous and the answers don't really matter and appeared to be designed to cause trouble. If I interpreted them wrong, I apologize, but I don't think so.
Since I didn't see any answers.... Also: 5. What is the profit split between the backer and your company? I know, it is not really my business, but I was thinking let's say 50-50%. But that is slicing the already split profit in half. So if the trader gets 70% and you still split the 30% with the backer, then the guy who is actually founding the account only gets 15% of the profits, and that sounds a little low, considering that he is putting up the money and taking the risk.... 6. Are the teachers also live traders, and if not, why not? Wouldn't the best teaching tool be showing a live account and how to do it in the real world?? I am sure I will have more questions later, but for now, I would appreciate at least a "none of your business'.
Now just imagine where your trading results would be if you spent every single minute of this same wasted time breaking down scenarios on charts, analyzing price-action performance, noting repeated patterns and happenstance, etc. In other words, honing your skills and perfecting this craft of personal performance. You'd be freakin' unstoppable... if you only had channeled your time & energy constructively rather than frittered away in lazy fashion all these years now
A prop firm asking a trader to trade less. This is revolutionary. Incidentally, Mr. Patak, did you ever do your Combine and were you able to pass it?
The publicity would be through the roof. Call it the World Series of Trading. I would play it for the bracelet. If not a bracelet, a ring like a Super Bowl ring would be nice.
Well, I would be willingly to do this. For example, it would follow the same rules they currently have setup. So for example, if you lose more than $ 1,000 in a day, you are disqualified. If you make $ 3,500 in 2 weeks you are funded. Everyone is allowed to trade the same number of contracts which I believe is 5 contracts, and start with $ 50,000 in sim money. Let's say the buy in is $ 150.00. The top 6 traders who make more than $ 3,500 can get a % of the prize with the trader making the highest amount of money getting the largest %. This is how they do it in professional poker. Also, if I could link Ninja Trader to their broker account and trade using Ninja Trader instead, it would be better for me since I use it to trade real money and am already familiar with the interface, plus it allows automated strategies. Also, only my profit and losses for the day will be made available, I will not do this if they show my entries and exits for my trades.
TST, I see small writing ( * 150.00 month members.) What is that all about thought you just put up 150.00 bucks for a combine and if you make it you get refnded ?
It does look like I may be starting a combine here per my private messaging with TST_Hoag, so I just be doing it to work on getting some extra funding for my real money trading, so I will not be doing it as a prize like poker competition, but just as a normal combine that I will report here on ET.