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  1. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Sorry, let me clarify. If one is making one or two trades a day and holding positions, then commissions are a moot point. I cannot stress this enough that I highly doubt any scalper will not only not pass this combine, but even in their own retail account, it is a useless endeavor. I can...
  2. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Joe, you do realize that a majority of ET'ers trading futures are paying nosebleed rates with TOS and IB right? Very few guys on here actually have accounts with Velocity or Advantage. BTW, I don't think TST is looking for scalpers. I honestly don't even know how a scalper would pass the...
  3. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Perhaps you have not read over the various threads but where did TST say they were looking for experienced traders? Maybe I missed that part. If you go to their website it's clear they are trying to create a "minor league" environment with guys who want to "learn" to trade. In fact it was...
  4. M

    seeking prop firm 2k-3k deposit

    Nope. I think that's the tin foil crowd. JBO's have no such desire. They want to make the free money on commissions. They have no desire to take risk. God knows I begged my old firm to take risk, had no interest. Most traders in this environment are very streaky. They get hot and cold...
  5. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Every deal is good for some and bad for others. At my old firm we raped guys on rates. I mean raped them. Do you know why they came to us? Because they wanted to be able to trade stock, options and futures in a JBO environment. If they could have done that somewhere else at better rates...
  6. M

    seeking prop firm 2k-3k deposit

    Coastal is a solid firm. Offer stock and options and I think futures now too. They clear Merrill. Even offer some backing opportunities. But to start you have to put up capital. They have offices in NY, LA and I think FL.
  7. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Easy solution for you then, simply fund your own account. You are making this much harder then you have to. It's a free market. Lift the offer you want to lift. No one is making you trade. There are guys that want to join Bright Trading and trade options. He won't let them. Guess...
  8. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Yes, they are a hybrid firm. That is their angle. Look, we've already debated this a few times. Traders have three choices. Polish up your resume and knock on doors. Fund your own account. I personally like Velocity, but Advantage is good as well. Or try the combine route. It's very...
  9. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    TST earns the combine fees. That was the 400 page debate on the other threads. Guys were complaining about that. I don't know of any recruiting firms that can get commission kick backs. TST is also not registered or licensed, they are simply a recruiting firm.
  10. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Do you know what desk fees run at most props in Chicago? How about 2k to 10k a month plus giving away 50% to 75% of your profits plus leaving 100k to 200k in YOUR money in the firm. And guess what? These firms are packed! We have about 40 of them in Chicago. And very traders will ever have...
  11. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    No, TST does not mark up commissions. They can't by law. The backer I have no idea. You do understand that TST is not the backer right? I "believe" the backer is Patak Trading Partners. Or at least that is the entity where the backer is. PTK and TST are two separate entities. Not trying...
  12. M

    The ACD Method

    ES pulled back to and bounced off the monthly A up. Number lines have stabilized. That 1430 was a solid level.
  13. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    If I was backing traders I would charge twice what they are. When I was backed in NY trading equities back in the day I was paying 1.7 cents per share. That's correct, $17 per 1000 shares. You know why they charged those rates? Because most guys they backed lost money. So we can do this two...
  14. M

    Announcing: Surf Fest 2013!!!

    First rule about Surf Fest...do NOT talk about Surf Fest! Second rule...you know the drill.
  15. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Don, wasn't trying to bite your head off. Their website is one of the more transparent sites out there. I used the poker analogy just for you Don. I thought it would help. BTW Don, almost all my buddies that go out to Vegas to play poker play the satellites for the exact same reason guys do...
  16. M

    Anyone want to make a cool 65 million?

    Damn peil. Quick draw there. :)
  17. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    No attitude here Don, just answering your question. This IS for REAL money. And you DO PAY to play. Top prize is a 1.5 million dollar notional funded account. So the similarities are the same. Pay to enter. If you qualify, play with real money. Get paid with real money. Don, I'm not...
  18. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    I think there is two seperate questions there. The first is, is volume even relevant on a sim? What I mean by this is, if the CME products trade tick for tick with the NYMEX softs, it should not matter. If a trader goes live and they trade those products, I assume they would be trading them...
  19. M

    Cooltraderdude's TopstepTrader Combine (daily trade report and journal)

    Don, let me help you out here. The World Series of Poker. You're pretty familiar right? OK good. Now, satellite tournaments before WSOP. Still with me? Good. Guys pay into the satellites to try to win a bid to get into the WSOP for the big purse. Still with me? Perfect. This is kind of...
  20. M

    Did You Get Your Free Obama Phone?

    Do you know the difference between this woman and the liberals on ET? NOTHING!
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