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You are seeing the world Patak trading wants you to see the world without thinking through it. Please read my initial 4 posts, especially the final post where I detailed the required PF. You will need at least a PF of 4 and above to have any chance of being able to both move into live trading...

Yes, you get to choose 20 trading days. But you can't trade for 40 days and choose the best 20 out of them. As soon as your 20 trading days are complete, your performance is evaluated. Your math is ok. But you are not looking at all the rules they make you adhere to. All those trailing stops...

You should read the other thread Patak Trading and see how Mav has been recommending Patak. People trust his judgement here on ET and apparently he is recommending a very bad path. I was never interested in the first place, I only got involved when one of my ET friends told me that he is going...

Mav, both trading wise and character wise, I have always held you in 'very' high esteem. Also, you are a very smart person - no doubts about that. This is precisely the reason that I refuse to believe that you can be as naive as your posts suggest regarding TST. It will be nice if you can refute...

Finally, they allow their traders 5 contracts (for 50k) and want the traders to make 5k over 20 trading days. So, 250$ average for each trading day on 5 contracts, which means 50$ average per contract per day. It means the trader must average 1 point for each trading day on ES. The largest...

My guess is that above commission angle is way more attractive for Patak than what I have written above. I guess that average trader would be trading way more than 2 round-trips a day. That will double or triple the commission rip-off that is happening at Patak. So, Patak owners are making at...

After some deliberation, I have reached the conclusion that Patak trading as it stands now is a well-constructed elaborate scheme to make money off under-capitalized traders by showing them bright future which will not unfold. It is means to primarily accomplish two things: A) Get more people...

I had a quick look at Patak around a month ago, when one ET friend first mentioned it. I then thought performance criteria is way too strict. But then browsing the Patak Trading thread, I saw Maverick74 really siding with Patak. I respect Maverick a lot and so I thought maybe I have missed...

Richard, Thanks for taking the time to write about this trick. I trade only futures and FX, so I haven't really done any work on options. But this is an interesting direction for me to manage risk in future when I start trading more products. I appreciate it :)

you mean 10k conts per month not per day. Correct?

I am positive it was some bug or somehow my order went through (some memory leak something in TWS I don't know). I have moved forward and I am glad I got this education for just $200 that I want to diversify among multiple brokers and always would like to keep a set of eyes on my current...

Agreed these are small change. However, these issues tell me that someday there could be a big affect on my account because my broker's system doesn't work for whatever reason. Learning for me has been that I definitely want to diversify among at least 2 brokers. I am hoping to get some serious...

Did IB pay you for any difference because of wrong order getting through?

bump

Not sure how current this is, anyways. http://www.interactivebrokers.com/en/software/tws/usersguidebook/realtimeactivitymonitoring/order_status_colors.htm Earlier, green standing orders used to turn purple when some other order executed and the execution resulted into using all the...

Apparently, that is not true anymore. These are the timestamps from yesterday. bought ES using limit order when free equity < initial margin@ 15:19:37 Auto-Liquidated by IB NQ @ 15:20:37 Also, on many other occasions, I have noticed they liquidate within 2-4 minutes. I have never...

I am already over it. The thought process was order will not execute and IB will cancel it. As simple as that. Everything else - thats your imagination. But I am seriously questioning your trading experience here. Do you realize that on a generally bullish day, I can have long limit orders in...

I have been with IB for 3 yrs now. Over the last 3 yrs, I clearly remember at least 4 incidents with IB. Most of them concerned being not able to trade CME futures and Spot FX for some period. Reading other threads, its clear that there are whole hosts of problems when you move into options...

Thanks for sharing your experience! So, others have experienced variants of this problem. Over the last 3 yrs, I probably paid 10k in commissions to IB, so I am a piker-squared compare to you as far as my importance to IB business is concerned. I have decided I won't go and fight with them for...

After today's experience, I agree with what you are saying. But this is such a fundamental behavior to expect. I mean this is serious. If IB can fail this check, what it means is that IB is allowing its customers to buy ES with less than initial margin. How much less is the question? Can a...