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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...

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.

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...

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...

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?

How is it legitimate to say that someone with a multi-billion dollar fund would EVER come to TsT for backing?

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...

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?

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.

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.

You compared them to Madoff, enough said.

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.

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...

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.

Well because funding traders is apparently suppose to be a charity where people freely give their money for other people to lose with no rules or anything on how it is to be traded. They have also stated that it is the clearing firm that set the commission rate, so he is not making money off...

So everyone that works for Patak must be working for free than because if you split any of that 45k, you are living in poverty. You also assume everyone does not get a refund. I find it pretty offensive that you would characterize this as a ponzi scheme. No one is arguing that some of the...

You are asking for a contract before you are even live with them. Sounds pretty unreasonable to me. -Edit, you can also go ask any of the live traders questions if they want to talk to you and ask them, or do you think they are all lieing too?

It is on realized profits. If you can't trust what they say on the phone, why do you want to do business with them in the first place? Sounds like the making of a shitty relationship. They are very up front with all the rules. Either abide by them or don't and move on. It's that simple.

The thing that seems to bug most the people here is the short amount of time given if you do bad at the start. Again, IT IS THERE MONEY, not yours. They are also very up front about it, so I do not see it as a problem. That question has been asked before to Mike in the chat, and he has never...

Tst is a great place to learn imo. It is better than a regular sim as you have something on the line but not like straight trading futures. They know that if you had the money to trade on your own, you would, so they get some bottom of the barrel traders. This is one reason why they keep a tight...