Quote from colonial dr:
Scrnst:
I'm busy so I won't be responding anymore by the way
I was giving over night margins you idiot. For Crude Oil in the last 12 months that has ranged from 6500 to 12k. Bye bye kid.
Patak Trading
- Thread starter Dobbes
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I was giving over night margins you idiot. For Crude Oil in the last 12 months that has ranged from 6500 to 12k. Bye bye kid.
Huh? No they are not. Anyone can lease a seat. Where do you get this crap from? Are you really this stupid? Go to Velocity Futures website and click on the link where they give you the forms to fill out for a seat lease. My God you are dense.
No you weren't giving overnight margin, you were giving exaggerated made up numbers. Topstep does NO trading past the close, like you mentioned earlier.
Like I mentioned, real traders can be spotted on this website like a banker in Compton, LA.
I know I said I would stop, but about your question on exchange seats -you asked anyone can lease them. No they can't, only rich people like me can lease them because they cost a little under $1 MM leased and more when purcahsed. That was why I mentioned it. -mike
Quote from colonial dr:
No you weren't giving overnight margin, you were giving exaggerated made up numbers. Topstep does NO trading past the close, like you mentioned earlier. Like I mentioned, real traders can be spotted on this website like a banker in Compton, LA.
Of course you can trade past the close with TST. How the f*ck do you trade over night if you can't trade past the close you buffoon.
Hey lookie here kid, here is your big man link to leasing a CME seat with a standard discount broker!
http://www.tradewithvelocity.com/services/cme-membership/step1.aspx
Thank me later after you get your allowance to open an account.
Quote from colonial dr:
No you weren't giving overnight margin, you were giving exaggerated made up numbers. Topstep does NO trading past the close, like you mentioned earlier.
Like I mentioned, real traders can be spotted on this website like a banker in Compton, LA.
I know I said I would stop, but about your question on exchange seats -you asked anyone can lease them. No they can't, only rich people like me can lease them because they cost a little under $1 MM leased and more when purcahsed. That was why I mentioned it. -mike
That is 100% bullshit. ANYONE can lease a seat you shit for brains. Read the link I sent you. It does not cost 1 million dollars to lease a seat you mentally challenged short bus rider. Here is the key word in that sentence....lease!!!! You can lease a seat for about $500 or so per month. where do you come up with this 1 million crap? Did you come to ET straight from the Yahoo stock message boards?
No you can't trade past the close. The close on the ES is 4:30 and the open is a few minutes later. I found this on their /your website http://www.topsteptrader.com/ScoutingCriteria "Do not hold a position into the electronic close of the product trading (recruits may trade overnight but must be flat when their product's electronic market is closed)" This remains true for funded traders. Just pointing this out so people don't take your misrepresentation seriously (you do this allot by the way, with CL lot sizes, exchange seats, etc.).
velocity futures -many nfa violations, be aware.
you can have the last word now, I really need to leave. -mike
Yes, you have to be flat during the changeover. But you can trade when the electronic market reopens. But you don't understand this because you are NOT a trader.
From their site:
Our recruits and funded traders are able to trade anytime the electronic markets are open. Therefore, the ability to trade is available nearly 23/24 hours a day. The flexible hours allow the Combine to work with many individual's school and work schedules.
More information about the hours products are permitted to trade can be found by clicking on the product(s) you are trading here: http://www.topsteptrader.com/PermissibleProducts.
Both programs have their pros and cons. Both programs are definitely doable for the typical successful independent trader. I don't think the TST program is too difficult to get funded, I think their program is set to weed out the undisciplined and they must do that. The $350 charge is no big deal, how many traders blow that on their new shinny indicator every other month.
It is great to see these type of businesses offering "a shot" to already successful traders who want some additional capital access. Why not, reduce your own funds in your MF Global and PFG accounts and work off the "backers" dime.
Oh wait, all the money in the MF Global and PFG accounts you had is gone. See how these new business models offer excellent alternatives? I definitely do!
I hope more of these companies start popping up in the months ahead. $250 to $350 entrance fees to "pay to play" is no problem imo. I will pay that for the opportunity to work their program if i want access to their capital. Heck, how much did you leave on the last blackjack or craps table you took a shot at?
The fees are cool by me. Thanks for the information in this thread about these companies Mav.
It is great to see these type of businesses offering "a shot" to already successful traders who want some additional capital access. Why not, reduce your own funds in your MF Global and PFG accounts and work off the "backers" dime.
Oh wait, all the money in the MF Global and PFG accounts you had is gone. See how these new business models offer excellent alternatives? I definitely do!
I hope more of these companies start popping up in the months ahead. $250 to $350 entrance fees to "pay to play" is no problem imo. I will pay that for the opportunity to work their program if i want access to their capital. Heck, how much did you leave on the last blackjack or craps table you took a shot at?
The fees are cool by me. Thanks for the information in this thread about these companies Mav.
ES close at 4:15 pm eastern time with new session start at 4:30 pm eastern, been that way for years.
Sorry about the bickering with this guy. I just can't let this guy post factually incorrect information post after post. Hopefully, there is enough value added content on this thread to justify the noise.