Who is going to pay $200 an hour attorney fee to sue for a $160 combine ?
95% of the people in the combine can't even muster up a few k to even open a futures account
Maverick74 and marketsurfer's TopstepTrader Combine (daily trade reports and journal)
- Thread starter TST_Hoag
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Who is going to pay $200 an hour attorney fee to sue for a $160 combine ?
95% of the people in the combine can't even muster up a few k to even open a futures account
OK, I don't agree. If I ran this operation I would do exactly the same thing. Actually, I would make it longer and would try to eliminate the element of luck more then it is now but I would not allow any trader to game the system. It's pointless for all parties involved. Again, no is forced to do this and everything on their website is pretty transparent. There are two other firms doing EXACTLY the same thing using exactly the same language. I suspect they copied each other. I've talked to the guy on here who is funded and he had no issues with what they asked of him after the further trading days were requested. As I said before, it's pointless for a bad trader to simply pass this combine on luck as he will never get a dollar out of it.
It's a lottery operation and it's probably a gold-mine until their backer stops funding or it's shown that they're not really allocating $50 large to each trader.
Who would enter into such an agreement that relies on the whims of mgmt to fund you? If you win the combine you should be funded, period.
No, you are not listening. He can get funded all he wants, he'll never take a check home. So why do it? Look, let's use Surf as an example. Let's say Surf can't trade his way out of a paper bag but swings for the moon and passes on pure luck. Now he gets funded right? What the fuck is he suppose to do now? LOL. He can't trade. Is he going to sign up for a market newsletter service now? He'll never profit off of this. That's my point. I think we are arguing different things. I'm simply saying, the guy will never take a check home and he knows it. So why even try?
So they win specific performance and get to trade live a $1500 account and then fired if they lose 500
Combine revenues are grossing min of 28k a month, i'm sure they can afford a decent attorney if needed
Quote from Lucrum:
That's actually a very funny example, for rather obvious reasons.
That was just an "example". I'm sure Surf is a fantastic trader.
No, man, we aren't arguing different things. You are saying that a person can meet the objective criteria (profit $3500, within loss limits, etc.) and you support Patak denying funding to that person based on nonobjective criteria. I'm saying that's not cool and makes the situation ripe for abuse.
In Surf's case, he failed to meet the objective criteria and is ineligible for funding even if he were to get to $3500. The combine has parameters for daily loss and profit volatility that knock him out.