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

Quote from Maverick74:

And the rent gets paid how? I missed that part. :)
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most people have jobs, you know they get a paycheck then pay their bills,then work rinse repeat..those that want to get out of that rat race and begin trading, save,study,save more,study more..i'm sure you've heard of it,,some get desperate and pay online mentors and get rich quick answers,some even sign up for combines that promise teaching and 50k to trade with,but the teaching is rhetoric and the chance is there if you can cross niagra on a tightrope,some of these firms even hire shills to expound ad nauseam ,claiming it's the greatest thing since sliced bread,as often happens, the shills being what they are,try to keep the naysayers away with insults,lies,inuendo's and if that doesn't work they outright ask them to leave..this comment in no way reflects on the posters or subject of this thread..just explaining how people pay rent
 
Quote from ammo:

most people have jobs, you know they get a paycheck then pay their bills,then work rinse repeat..those that want to get out of that rat race and begin trading, save,study,save more,study more..i'm sure you've heard of it,,some get desperate and pay online mentors and get rich quick answers,some even sign up for combines that promise teaching and 50k to trade with,but the teaching is rhetoric and the chance is there if you can cross niagra on a tightrope,some of these firms even hire shills to expound ad nauseam ,claiming it's the greatest thing since sliced bread,as often happens, the shills being what they are,try to keep the naysayers away with insults,lies,inuendo's and if that doesn't work they outright ask them to leave..this comment in no way reflects on the posters or subject of this thread..just explaining how people pay rent
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That's what I thought. You have no tangible advice for those who want to do this for a "living". Thank you for finally admitting it. I give you credit. Maybe you should start your own thread espousing advice for those want to want to work in IT support and trade on the side as a hobby. It sounds like you have some solid ideas for those folks. Good luck with that. And I sincerely mean that. :)
 
Quote from Maverick74:

Only 5% of them were profitable. The numbers are pretty consistent across the board.
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In your experience does this number hold true in prop as well ?
 
Quote from baggerlord:

Mav how are you still responding to this drivel? I admire your patience.

Cooltrader of course it is your fault that you blew out. Don't blame the model. You were trading when you didn't know how to use the software. You didn't even understand the products you were trading. Man up and take a little credit for failing the combine! You want to blame anyone but yourself when you weren't willing to put in a couple hours to make sure you knew what you were doing before you started. That is pathetic. If you accepted some blame and acknowledged your shortcomings you might stand a chance to not repeat them in the future.
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Bagger, patience is one of my strengths. The irony with all the trolls on this thread is through sheer randomness, you get some gems. :)
 
Quote from volente_00:

In your experience does this number hold true in prop as well ?
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Well, it depends on the prop firm. If a prop firm is full of only discretionary traders, then yes, the 5% number holds well. There are many firms that engage in HFT and arbitrage and market making where obviously the success rate is much higher. Those would be the salaried firms of course.
 
Quote from Maverick74:

That's what I thought. You have no tangible advice for those who want to do this for a "living". Thank you for finally admitting it. I give you credit. Maybe you should start your own thread espousing advice for those want to want to work in IT support and trade on the side as a hobby. It sounds like you have some solid ideas for those folks. Good luck with that. And I sincerely mean that. :)
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thanks i like the business plan, pay to sim.com,kind of an oxymoron, but there's a fool born every minute..laughing all the way to the bank
 
Topstep/Patak is a legit and pretty cool firm. I did my due diligence and researched the company. Patak is clean on the NFA website, and I did not find any other negative comments about the company or Mr. Patak himself.

I actually traded a combine with them. Didn't meet the criteria since I am a wild trader. So what. In my opinion, it was worth a try to see what it was like. I have been learning patience and discipline because that is what I NEED, someone to hold me accountable.

I have been sim trading crude (that is the only thing that I find worth trading anymore) with my own free sim account with another firm trying to abide by Topstep's criteria. If and when I do consistently, then I will try them again.
 
Quote from optionzztrader:

Topstep/Patak is a legit and pretty cool firm. I did my due diligence and researched the company. Patak is clean on the NFA website, and I did not find any other negative comments about the company or Mr. Patak himself.

I actually traded a combine with them. Didn't meet the criteria since I am a wild trader. So what. In my opinion, it was worth a try to see what it was like. I have been learning patience and discipline because that is what I NEED, someone to hold me accountable.

I have been sim trading crude (that is the only thing that I find worth trading anymore) with my own free sim account with another firm trying to abide by Topstep's criteria. If and when I do consistently, then I will try them again.
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Good luck man! It all starts with the right attitude.
 
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