Maverick74 and marketsurfer's TopstepTrader Combine (daily trade reports and journal)

[MichaelPatak]

Quote from Pekelo:

It is in the rules that you don't get automatically funded just because you passed the combine. There is a subjective review of your trades, so they covered that.

But they should be more flexible. Let's say a trader makes only $3400 with very litle DD and with very good consistency. He would/should be clearly fundable by any logical standard, but not by the Combines's rules. The difference between 3400 and 3500 anualized is minoscule and the style should make up for that 100 bucks missing.

So if I were doing the subjective evaluation, I would keep a more open mind and not just look at the strict rules.

Question to Mr. Patak: Is there a Live trader who got in without actually passing the Combine???

Pekelo- All recruits must meet or exceed either our scouting criteria or the scouting criteria they customized (we allow customized objectives to be submitted to the scout team: http://www.topsteptrader.com/customevaluation)

So to answer, no there is not a live trader who got in without passing the Combine. We have seen recruits get close and then will call them and offer advice or let them change their evaluation criteria the next time, but the point is we are a scouting agency for traders. We want the trader STAYING on the live account and CASHING CHECKS. This is good for business and this is VERY good for everyone.

mp

 

[londonkid]

Quote from atticus:

Right, I don't want the smart money to get my tilt monies. You know, the guys trading 16 years and still under PDT. I didn't force you to state that you couldn't meet PDT.

I can't tell you how much money I've made in the markets while tilting. If that's dumb money then f*cking A!

I dont know why you are so angry and bitter about something, it's not my fault seriously sought out your issues dude. I dont know where you are going with this PDT nonsense, i just wanted to open an account in the US to try out a few US stock strategies, I had never traded US stocks before always European.


'If that's dumb money then f*cking A' - I didnt say you trade dumb money, I dont know you, dont know what your problem is, somethings not right here. the internet attracts all sorts I best just stick to the real world leave you guys to troll it out on things that dont matter.

 

[MichaelPatak]

Quote from trendlover:

I really think to have 30 days to trade 10 days of the trader's choice is not showing what is the potential of the trader. That time can not show is luck or skill.

trendlover- a lucky trader will resort back to gambling at some point of their Combine. If they choose to gamble on a day they are not seeing the market well they most likely will hit the loss limit and disqualify themselves.

We look to separate the gamblers from the traders in the Combine. It does this well with 10 day Combine but even better with the 20 day. If you look at the criteria that needs to be met and deposit you can see that the 20 day is easier and less of a deposit. Thus the program tries to encourage those to go to the 20 day. The patient individuals or ones that tend to take things slower choose the 20 day.

mp

 

[londonkid]

Quote from colonial dr:

atticus nails it yet again.

geez are you supporting this 10,000+ posting troll (that is if you are not a multi-nic'. TST are offering a service and the guys just comes out with crap, give them a break they are offering a genuine service for a genuine price. no biggie is it?

 

[Brass]

Quote from asap:

...the company is not a charitable entity, so they charge an examination fee to filter out the wannabe and offset the costs of their IT.

Few companies are. Perhaps, then, all profit-oriented concerns should charge job applicants an "examination fee" to filter out the wannabe and offset the costs of their HR.

 

[londonkid]

Quote from atticus:

I don't dispute any of that. My point is simply that it's a convenient excuse if you're simply running a site to earn the cash from running sim accounts.

Pay $190 to pass a combine which only gets you an interview?

I really would like to avoid cluttering this thread. I've posted (and you've ignored) my questions on the Q&A thread, but thanks anyway.

god will you give TST a break, you are making out that they are robbing people here and it's just not true. they are offering a genuine service, a track to run on for new traders.

and demanding answers from Michael like you matter. dude Michael is running a business he is a professional, does he really have time to respond to your girlish claims of 'it's paying for an interview'. just get over it and move on. maybe we should give you a free combine to shut you up, little point though you would probably say the rules are wrong or something.

keep trolling mate.

 

[Crispy]

Quote from MichaelPatak:

trendlover- a lucky trader will resort back to gambling at some point of their Combine. If they choose to gamble on a day they are not seeing the market well they most likely will hit the loss limit and disqualify themselves.

We look to separate the gamblers from the traders in the Combine. It does this well with 10 day Combine but even better with the 20 day. If you look at the criteria that needs to be met and deposit you can see that the 20 day is easier and less of a deposit. Thus the program tries to encourage those to go to the 20 day. The patient individuals or ones that tend to take things slower choose the 20 day.

mp

Michael,

Has Patak ever funded a trader who didnt quite meet the profit objectives, but displayed good patience, risk/reward ratio, good hit rate? Just curious.

thanks.

 

[CoolTraderDude]

Quote from Brass:

Few companies are. Perhaps, then, all profit-oriented concerns should charge job applicants an "examination fee" to filter out the wannabe and offset the costs of their HR.

If you look at it as an interview then sure... But I'll defend (no I'm not a shill for them everyone can relax) M. Patak and TST here with the following...

If you wanted live data and a squack box from the CME how much would you pay depending on the service you got...?

So when you look at it that way you might be paying slightly more for this package but overall the costs for what you get with the $175.00 10 day Combine isn't entirely unreasonable. They do offer some value for their price.

I mean check out eSignal here for a comparison... http://www.esignal.com/esignal/pricing.aspx?tc=

So overall... You get a live simulator, CME commentary, market data, charts and a squack box for 30 days if you don't use up your 10 Combine days immediately.

Not that bad of a deal if you look at it that way.

 

[colonial dr]

Quote from londonkid:

geez are you supporting this 10,000+ posting troll (that is if you are not a multi-nic'. TST are offering a service and the guys just comes out with crap, give them a break they are offering a genuine service for a genuine price. no biggie is it?

I can never know for sure-but a few (atticus included) are clearly real traders.........I guess it takes one to know one (this is not a negative about you, just a point about how the crap and substance on ET is as evident as night and day).

TST: The issue people have is the bucket shop like deposit (relative to what you get), and the spin that hundreds of dollars for a sim and a shrink that I guess some use requires the high price.

Note: if mav or surf want me to shut up, I will.........I don't mean to tarnish your thread.



edit.........my post above on hoaglands son, it was 2001. So, what happened? http://www.linkedin.com/pub/edgar-hoagland/44/821/931

 

[baggerlord]

Quote from austinp:

Michael, I apologize for that poor choice of wording yesterday. I was posting in haste... had finished trading for the day and was hurrying thru non-market tasks. For sure I did not mean to disparage any part of this program... not by any means

Day 1 of 10 is complete for me. CL is chopping a <60 cent sideways range. Enough of that for today. Profitable, and win % is 50/50

One down... nine left to go

Austin, I'm glad to see you are doing this. It is kind of cool for me personally to see that the only people stepping up and doing this are from the very short list of people that I respect on ET.

(That comment only applies to people that represent themselves as winning traders BTW. I have all the respect in the world for someone that isn't there yet and can admit it. IE Jack Hershey types that claim success but run from any real challenge)

Anyways, I see what you did in your post and I applaud you for your sneakiness.

I look foward to seeing who made more on crude today, mav or austin.