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Interesting stat you quote of 99%. I would like to know if you are serious with this stat? How many bank traders do you know who went on their own? After counting them, are you sure you will still say it is 99%? If you do know a lot of bank traders, in your experience, what are the factors...

Mav clearly lost the battle with me as far as numbers and logic are concerned. So, by quoting selectively from my journal (where I have written exhaustively about my development as a trader), he is trying to cloud the reader's judgement about the merits of my numbers and logic in Patak's case...

You are completely wrong. Are you not aware of Fed meeting days in advance? Similarly, for other countries, Central Bank meeting days are known in advance, the time they would make an announcement is also well known.

LOL. Thanks for sharing so truthfully, it is funny.

Surf - Appreciate your candidness! Thanks for all the info. VN must be proud of MT's performance!

Its Friday and I thought I will do a light and fun post. Many folks here have very interesting ET names. So, please share what does your ET handle means! I will start with my own. I wanted my handle to represent two very different trading styles that I wish to focus on. I also wanted my ET...

Surf - Your trading style is different from majority of people on ET. Curious, what % returns have you made in last 3 yrs, 5 yrs? TraderChi said you have blown up multiple times. If your position size has always been well thought-out why did you blow up before? Serious question. Thanks.

No gun! For last few days, I have talked about Patak willingly and this has been an enriching experience for me! At multiple points, I thought it was a pure waste of my time. However, I am walking away with few very interesting take-aways. I actually gained quite a few things from this...

Thanks for accepting finally! LOL! Keep promoting. You are doing a good job!

Oh, ask me. I will tell you how you will sleep. :D You will sleep like a baby, my friend. After all, you earned so many dollars today just writing gibberish and promotion material on ET, and your biggest challenger - me, I am sorry but the fact is I lost so many dollars worth of my time...

Please go and read first 4 posts I made in the "bitter reality of Patak Trading" thread. And if you have the inclination, please read this whole thread and the bitter reality whole thread. Everything will become clear. FYI, I have received PMs from many many people on ET over the last 5-7 days...

So, why is he not making sense in this thread then? It clearly looks like he is acting as a shill for Patak. He is telling newbies to go sign with this Patak, where they have 27 live traders after 2.5 yrs of operation. And they don't make money. Patak disclosed that they dont have even 12...

What a great marketing pitch directed at newbies, disguised as if you are writing to me. But your aim is write in a way such that newbies can read and think oh yes 1/10th of a percent - thats not hard. LOL Everyone knows newbies in this business are overconfident, and your writing just caters to...

Yes, most of the guys who go live are not going to make money and they will fail. But the chances of those same guys going live again is very small. Simply because the unconditional probability of combiners moving to live is very small in the first place - something like 1%-3%. So, the chance of...

Such traders who fail live and go back to combine come back to live again fail again are extremely rare breed - suffice it to say that they don't exist! So, your calculation is meaningless! LOL. Probability of above is 1 in 1000. Guys who do the round trip one more time compared to above...

Mav must be smiling. So much free publicity for Patak. Even a journal on his name. Wow! Seriously LOL!!

ROFL - Thats rude but very funny :)

Surf - can you ans this please? I am curious what you do for living Surf? Because I saw sometime back that you organize some kind of party for ET guys. That sounds interesting. Do you raise money Surf? How much have you raised the most? Feel free to PM. Curious and might be interesting to talk...

Lucias, in my eyes, your combine idea is definitely a substantial improvement over the Patak's model. It makes it way more attractive to the trader and much more importantly, this model is much more balanced and fair in my eyes, both from trader and the firm point of view. Kudos for writing it...

Thanks for giving me the color on Surf. Appreciate it. So, is Surf a money manager like VN or does he trade his own individual account? I am asking what he does for a living? I just got curious about Surf, since I can see a lot of passion in your words when you wrote about him. LOL.