TopstepTrader and Patak Trading Partners- Any and all questions answered here
- Thread starter MichaelPatak
- Start date
- Status
That's absolutely idiotic. It's the most successful guys who I've seen trading their own capital because they don't want the hassle of having to use OPM.
If you were an excellent trader with excellent and consistent results that are proven, why would you be on a manhunt for OPM or to work at some firm? Every business is similar. Any sensible-minded auto mechanic would rather own his own shop than work for someone else to avoid risk.
I never understood the reasoning or logic behind the idea that people with good experience, education, etc would only work for a corporation. this is a farce. I personally have a BS from an ivy and an MBA from a top 5 school. I trade my own capital because I don't need to work for someone else to make profits.
Mav is smart enough to know that working for any of the Chicago firms is troublesome in that you have to trade in their particular strategy where the firm usually has an edge. I've dealt with a few in the past. There's too much self-explanation required even after they hire you. They take half your profits and then investigate you as if you owe them your life. For a lot of experienced people, trading independently is a choice surrounding a lifestyle that allows for more flexibility in spending time with the wife, children, family, to travel, to take time off, etc.
If you were an excellent trader with excellent and consistent results that are proven, why would you be on a manhunt for OPM or to work at some firm? Every business is similar. Any sensible-minded auto mechanic would rather own his own shop than work for someone else to avoid risk.
I never understood the reasoning or logic behind the idea that people with good experience, education, etc would only work for a corporation. this is a farce. I personally have a BS from an ivy and an MBA from a top 5 school. I trade my own capital because I don't need to work for someone else to make profits.
Mav is smart enough to know that working for any of the Chicago firms is troublesome in that you have to trade in their particular strategy where the firm usually has an edge. I've dealt with a few in the past. There's too much self-explanation required even after they hire you. They take half your profits and then investigate you as if you owe them your life. For a lot of experienced people, trading independently is a choice surrounding a lifestyle that allows for more flexibility in spending time with the wife, children, family, to travel, to take time off, etc.
Rawman- What is your chat name at TST?
mp
It looks like I will get to try out for the combine. Just finished talking to them, and they are sending me the setup instructions. I will be using Sierra Charts. I will let you know how the combine goes here unless you or they want me to start a new thread.
For today with real money I was profitable. I am not sure if I will try to trade with real money at the same time as I do the combine or if that will be too hard.
For today with real money I was profitable. I am not sure if I will try to trade with real money at the same time as I do the combine or if that will be too hard.
I will be doing the $ 50,000 combine. Goal is for $ 3,500 in 10 trading days and to keep losses under $ 1,000 for the day with max loss under $ 2,000 for the trial. I will work to setup some automation in Sierra Charts before I begin.
If a trader passes the combine and advances to a live account, are they still required to adhere to the TST rules (no overnight positions, no back months etc.)? I'd like to swing trade energy spreads and currencies in addition to my intraday outright trading (although the combine would be completed through intraday trading).
- Status