The bitter truth about Patak Trading

Quote from Maverick74:

Alright LF, you are making the old Maver go the extra step here.

Yes, many people in the combine mistakenly trade the ES and most of those guys don't get funded precisely because the ES is very hard to trade and certainly with the bar set as high as it is, even harder.

Most of the guys who I have actually seen get "funded" trade crude. I would say 80%. With some FX guys who I suspect are guys trading overnight or overseas.

A word of advice for anyone that "might" take a stab at this, don't trade ES!!!!! These numbers are much more doable when you actually trade something that MOVES! :)

This leads me to another point. One of the things I think this combine is good for is allowing someone to try their hand at a new product they haven't traded before who perhaps might not want to put real money behind. For example, products like Crude and Gold are very very volatile. Why not pay the $150 or whatever and learn to trade these monsters without risking actual money? Anyway, just an idea.

Thanks LF. And good luck on your combine!
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F O S
 
Quote from volente_00:

Because you can set up a free sim account and do the same exact thing and save $150 a month towards opening a real account



:)
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hahah.

Man this threads still going! Enjoy the long weekend people and get off ET!
 
Quote from volente_00:

Because you can set up a free sim account and do the same exact thing and save $150 a month towards opening a real account



:)
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Actually you can get a free sim account at TST and do the exact same thing. So what's your point?

BTW, which other free sim account let's you trade longer then 30 days? Ninja I believe only let's you trade live for 30 days on the free trial no?
 
Quote from Maverick74:

that "might" take a stab at this, don't trade ES!!!!! These numbers are much more doable when you actually trade something that MOVES! :)
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I mostly trade the ES, and I'll agree with Maverick. Hitting these numbers on ES is going to be extremely difficult.. better to try crude or something where you can catch a monster trend.. just keep scaling it up.
 
Quote from hitnrun:

Why would a trader want to sign a 1 year agreement ?

if someone is making money newbie or pro in there first few months
most people would just go open a retail account , a no brainer

there is no need to accept funding with trading futures , if you have a clue

you trade , you make money & split profits, they complicate everything with all there crazy rules they have
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No one would, that is partly why there is no information on this at tst. People who sign up are poor, desperate and not that smart or skilled.

$300 + is a nice profit, even if you have some kind of psychologist empoyed.
 
Quote from Maverick74:

Actually you can get a free sim account at TST and do the exact same thing. So what's your point?

BTW, which other free sim account let's you trade longer then 30 days? Ninja I believe only let's you trade live for 30 days on the free trial no?
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how do you get a free sim through tst ?
 
Quote from volente_00:

how do you get a free sim through tst ?
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Jesus man, read the site. It's on the front page for christ sake. God this place is tiring. Do I have to feed you too?
 
Quote from Maverick74:

Jesus man, read the site. It's on the front page for christ sake. God this place is tiring. Do I have to feed you too?
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The customer is always right. So just relax. :)
 
colonial dr

the 1 year contract is a joke , glad someone else realizes the flaws

It's a program for people that are learning with the hope of getting funded , go for it

i can't agree that trading the cl contract is a good choice for any new trader

the cl crude oil contract is a beast for even pro's to trade profitably

consistency is key so most would be better off to trade the es or nq contracts

trading real money you would Not want to trade the cl

if your good enough to make money trading crude oil
you would not need this program for funding anyway
 
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