Recent content by ExchangeBonds

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    Futures tax treatment for entities

    Yea, I'm not trying to limit my liability from trading losses. I just day trade, so am not worried about some major crash that puts me in bankruptcy. I don't leverage myself up that far, and I also believe the broker would probably just have me sign a form that I agree to back the llc...
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    Futures tax treatment for entities

    Thank you for the reply. That helps a lot for me to decide what path I'm going to choose because I did not want to constantly lease a seat and don't want to buy an IOM seat either for my current situation. The volume program is looking to be the best option for as long as they keep it open.
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    Futures tax treatment for entities

    Before anyone says it, yes going to a cpa would be best, but I'm only at the point of exploring what is best for me but not at the point where spending money figuring it out is best. I've been looking at the ES volume incentive program, and it looks like something I will want to apply for next...
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    This should put to rest that the combine is meant to just recycle people through the combine to generate fees and that it is a genuine opportunity. Would it be better to trade your own $50k account and keep all the profits? It sure would but not everyone has that. I also think anyone that has...
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    Because there are plenty of managers and traders who do good for awhile and then fail miserably for one reason or another. Paulson has been doing wonderful ever since making his big score on the housing crash, right?
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    How is it legitimate to say that someone with a multi-billion dollar fund would EVER come to TsT for backing?
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    And my response is that this response is a false alternative. First of all, he would never need to go to TsT for backing. Second of all, I'm sure he has people going to him and not the other way around. Try again. Also, he would have no problem hitting the requirements in my opinion anyway, so...
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    This question has already been answered. They make everyone go through the combine and do not look at resumes at all, so no they wouldn't take someone who had 5 years of profit and than a year of losses. Again if one is already consistently profitable for years, why would you need TsT?
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    The bitter truth about Patak Trading

    Most do trade crude oil with the ES being 2nd imo and then currencies and metals come next with very very few trading bonds. I know this by going into the chat room and seeing which rooms are heavily populated.
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    Maybe you should be more careful with how you word things. "Patak is a small fish compared to Madoff." I also already defined what a ponzi scheme is, which is also not very hard to look up on this thing called google.
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    You compared them to Madoff, enough said.
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    Oh you have 10k to make on a silly bet like this? Than I guess you must be rich enough to have a good sized account and not need TsT. Problem solved.
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    This is what he said in the other thread: To answer the first part about commissions. We are not a discounted brokerage house. We can not compete with those commissions. This is what Patak Trading Partner has worked out with our clearing. It is fair. If we have high volume traders(which we...
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    TopstepTrader and Patak Trading Partners- Any and all questions answered here

    You have no proof that he is lying. All you have is conjecture. A ponzi scheme is using other people's money to PAY earlier investors. It has nothing to do with providing a product and then using that money to fund another project. That's something else entirely.
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