Search results

+1

I had no idea about Surf's ET reputation. LOL. Only thing I know about him is that he knows Victor Niederhoffer. Long ago, I was searching google for information on Victor and I came to ET and there was a thread and Surf was defending Victor. Thats all I know about Surf, so no I am not on same...

In my humble opinion - Trading for Victor Niederhoffer is credible. Trading for Patak is not! Tangential question Surf - Does Victor still trade? Or, after Matador went down in 2007, has he stopped trading?

Agreed, given 8 live in August, they are not 500. Pls read post above this one. I had said 500 here, assuming 20 live traders everyday - since you had mentioned that you are getting emails everyday with a trader going to live.

For simplicity lets assume - all first timers (first timers means not those people who are doing combines for the first time, rather it means those people who are moving to live for the first time (they could be in their 5th combine or 2nd - that doesn't matter here). So, assuming 5% success...

All the guys who are going live everyday are first timers. This means they are getting at approximately 300-500 combiners per month. Maths for the guys who reach live the first time is pretty straightforward and 2200$ per 10 guys does hold (ignoring overheads). The only number that is causing...

No, No, No! Incredibly few will make it combine-live-combine-live-combine-live. To be precise 2 out of 10000, assuming a 1%, 10%, 20% success rate for first time and 2nd timer live-combine cycle and 3rd time live-combine combiners. You can make your assumptions here and set up an excel sheet to...

Your first para assumes 10% first time combiners succeed. Thats not going to happen. Numbers in 2nd paragraph are a bit more realistic. I will work with numbers in 2nd para as a base case. In actual operation, I think 97%-99% combines will fail to move to live. But lets be conservative from the...

Mav, of course there are a lot of variables. I know one thing - if an industry is way too attractive, over time multiple players enter the industry and profit margins go down. So, the guys who start their combines first will profit for the longest period of time. So, if you are serious about...

LOL. Sorry, I can't take that offer. I am sure to lose. That combine has been designed as way too tough! Seriously, TraderChi, you should open your own combines. Design something better. I post in ES-Journal my live calls - you can see me trade there :)

I tell you Mav, 500k is the minimum Patak is making every year. Go back and read this thread and the bitter truth thread in detail from start. Read everything I wrote in detail WITH AN OPEN MIND. When you are reading it, don't think of me as your enemy. Think of me as your friend! You will see...

My response covered multiple issues - so not sure what you are asking. If you asking about Mav, see, I have no way in the world of knowing what Mav is actually. So, it just looks like he is shilling for Patak but can't be sure of that, unless I can have his phone call details. Maybe they will...

Non-Farm Payrolls. Basically the 830 employment report.

Traderchi, Earlier in one of your longer posts, you suggested a lot of good changes to the Patak program. You should ask Patak to make those changes. If he makes those changes, I will happily accept that Patak's program has changed and has become much better! I have no problems with Mav...

Out both ES at 1430. Flat now. No more trades before NFP.

Mav, 1) No, I don't visit P&R forums. I have better things to do :) 2) Thanks for information. I did not know that you have been accused as a shill earlier also - VTrader, Bright, now Patak and others as well. Wow! Now, I know this much practice over the years has made you really good at...

So, after all these discussions, this is my take-away: 1) You will not pass on lower commissions, even if it costs 9000 USD per year to your successful traders. This was discussed in length in the other 2 threads. 2) You will not disclose materially important but potentially unattractive...

Thanks for the reply. You should have given those numbers. You are the CEO, if you do not know the numbers, I am sure you can get those numbers in a day or two. Those numbers are critical for a potential trader to make a fair judgement of their chances. Look Mr. Patak - I have nothing...

Winston - You are a good guy and you know your IT thing well. We also had some interesting and useful conversations on ET before. That is why I am taking time to pen this message. This message is for your own introspection. If you want, feel free to reply, but you really do not need to. You...

Michael, Can you answer the above questions please? I have asked you these questions twice in the other thread - but you have not answered them yet. Also, you opened a new thread with the title "Easy to read Q&A". You are making your thread harder to read by quoting from other threads. Do...