TopstepTrader and Patak Trading Partners- Any and all questions answered here

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I think these are some relevant questions that have purposely not been answered. Can someone at TsT please answer.

Quote from traderCND:

Why answer the same question over and over again by phone when you can just answer once here:

1. Who owns TopStepTrader? If you will not disclose their names please state why there is such secrecy.

2. Why do you hold yourself out as a CME Member Firm when the rules say you are not allowed to?

3. I assumed that you marked up trades because many people have stated that they can get better rates at Interactive Brokers....I guess I shouldn't have assumed. Can you please post a pdf of your billing from your clearing firm so we can see that there are no mark-ups. I definitely understand you are under no obligation to do this because potential traders wouldn't fall under the requirement that you need to if asked.
 
Quote from Maverick74:

http://www.topsteptrader.com/Combine

This is what is included copied right off their website word for word:

Real-time Trading Simulator
Trade Report
Trading Coaches
Trade Journal
Interactive trader chat room
Access to professional trading platform

Performance review with a Trading Scout
Pre-market morning reports
Levels and Value Areas provided hourly
Charting software
Live chat support
Chat Room Trading Badge

I actually left some stuff off. My apologies.


CBOT pit activity
Breaking News
Daily trading classes
Market updates
Live market commentary
News affecting the markets

Real-time economic releases
Live Floor trader interviews throughout the day
Weekly sessions with professional trading psychologist, Dr. Andrew Menaker
 
Quote from gmst:

Let me be the first to admit. If info about daily reports that ScalperJoe gave is incorrect, then my post is irrelevant.

I hope however that more relevant questions get answered by Patak tomorrow. Good Night.

It "IS" incorrect. That is why I copied and pasted this from their website word for word.
 
Quote from Maverick74:

It "IS" incorrect. That is why I copied and pasted this from their website word for word.

You are there appointed cheerleader. How in the world, would you have allowed this god-send opportunity to post their marketing gimmick on this thread. Honestly, down the line, if I would want someone to market my product on ET, you will be my first choice!
 
Quote from gmst:

You are there appointed cheerleader. How in the world, would you have allowed this god-send opportunity to post their marketing gimmick on this thread. Honestly, down the line, if I would want someone to market my product on ET, you will be my first choice!

Look, I was blessed with the ability to "read". I want to share that gift with the world. God knows this website is full of illiterates. It wouldn't be so comical if this stuff you were questioning weren't plastered all over the front combine page in bold letters. Wharton? Not a chance dude.
 
Quote from Maverick74:

You do not need a membership to get the daily trade reports. They are offered for free for everyone that does a combine whether you get a membership or not. It's on the combine page very clearly to read. All your risk metrics are listed very clearly to see if you are meeting the criteria. Come on guys, it's all there. There are legitimate grips here, that's not one of them.

You're right, but it seems confusing. On the site, here's what it says for the practice account:

"Members will have access to the Trade Report and Daily Trading Journal for their practice account. Non-member's practice accounts will not have access to these tools."

If you sign up for just the basic Combine, you don't get a practice account, however you are provided with daily stats once you're in the Combine.
 
Quote from ScalperJoe:

You're right, but it seems confusing. On the site, here's what it says for the practice account:

"Members will have access to the Trade Report and Daily Trading Journal for their practice account. Non-member's practice accounts will not have access to these tools."

If you sign up for just the basic Combine, you don't get a practice account, however you are provided with daily stats once you're in the Combine.

Just giving you a hard time. The practice account is a "separate" account that does NOT count towards the combine. Think of it as a do anything you want in it account. Trade 10k lots of Crude at a clip if it strikes your fancy. The scouts don't look at it. They charge extra to have that account if you are NOT a member. I guess if you wanted to practice a different strategy or trade a new product otherwise I don't see the need for it.
 
Quote from ScalperJoe:

You're right, but it seems confusing. On the site, here's what it says for the practice account:

"Members will have access to the Trade Report and Daily Trading Journal for their practice account. Non-member's practice accounts will not have access to these tools."

If you sign up for just the basic Combine, you don't get a practice account, however you are provided with daily stats once you're in the Combine.

So, Maverick who doesn't have the ability to "read". Those clowns can't even keep their website straight. LOL. You have been writing about Patak from 2010. You get paid by him - you have to know the website in and out.

When my friend on ET told me that he was considering Patak, I visited their website 5 days ago and haven't visited since then. In half an hour I spent on that website, I discovered the discrepancy between PDF and their main page, and did all the analysis regarding commissions, trailing stops, etc. If you still think I am not Wharton, feel free to make it the community college of your choice! LOL.

On another thought - if they are paying you by number of hours or number of posts you make defending/promoting them, dude you must be making some serious coin. And you owe it to me, your biggest detractor. LOL!
 
Quote from Maverick74:

Look, I was blessed with the ability to "read". I want to share that gift with the world. God knows this website is full of illiterates. It wouldn't be so comical if this stuff you were questioning weren't plastered all over the front combine page in bold letters. Wharton? Not a chance dude.


I will bet $1,000,000 that there is 0% chance he went to Wharton.
 
Quote from Maverick74:

Just giving you a hard time. The practice account is a "separate" account that does NOT count towards the combine. Think of it as a do anything you want in it account. Trade 10k lots of Crude at a clip if it strikes your fancy. The scouts don't look at it. They charge extra to have that account if you are NOT a member. I guess if you wanted to practice a different strategy or trade a new product otherwise I don't see the need for it.

No big deal, I've been exchanging emails with two equity trading buddies who want to trade futures, and are looking at this. One has the funds to open their own account, one doesn't, but they both want the tools/education/chat room and paying $150 for that and a sim account seems reasonable. Hey man, I got them into the Velez deal for 5 grand, and we know how that turned out, lol!

So basically, paying for membership gives you that "separate" account, but it's not required. Got it.
 
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