I was not singling out a single post (which is why nothing was quoted). The entire thread itself has become a waste.
TopstepTrader and Patak Trading Partners- Any and all questions answered here
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Steve buddy...
It's called a "Combine"...!!! That alone should make you run for the door and never look back.
http://en.wikipedia.org/wiki/Combine_harvester
Sure... Enjoy being harvested! He might as well call it "Place Where We Take Your Money"...!
Unless he means "to combine" as in bring together which makes no sense.
The real question is would I risk 10% of the combines monthly profit backing one of the few traders who passed with $7500 worth of margin
If the all of questions get answered then this thread will be informative to those interested in the combine. If they get stonewalled like before then you will be free to make your own judgement on why that was chosen
That's another can of worms in itself
Right, this was started by the founder of patak saying he wanted to answer questions about his company, but has not responded at all!! It has been 3 days! Instead there are the 2 or 3 cheerleaders answering questions. I understand its a holiday weekend but why start a thread if you know you can't respond?
Quote from brownsfan019:
This thread proves what ET has become. WTF are you guys even talking about? This was supposed to be a thread for TST and some of you just want to type and say look at me for the sake of it. There are now pages and pages of waste. Complete garbage that does not belong in this thread. Hopefully TST can get the mod's to delete the trash and get the thread back on track.
Thankfully the exchanges do not require an IQ test in order to trade.
I hope you will read my post without any prejudices!
Threads like these are the very reason where ET shines. Vendors always want to deal with customers on a one-on-one basis. They want us to pick up the phone and talk to them directly. Because they are well prepared with a great marketing pitch and FAQs section. Discussing the product offerings of any vendor "in detail" on a medium like ET gives traders the time to really think through and understand the true pros and cons of the product that vendor is offering.
Yes, this is a TST Ques-Ans thread. And TST did indeed answer the easy questions. But they conveniently overlooked the hard questions - Lucias question in particular. And please don't tell me Patak is on holiday. All of us potential customers also have long weekend but we are discussing his product here. He should have shown at least a little amount of professionalism by responding. Had he been prompt in responding, the thread would have stayed cleaner. But, he choose to pretend that he is on holiday and not reading the thread. I am willing to bet that he is reading all the posts on his ipad or his computer and wondering how the hell he lost control of his own thread and that too so quick! LOL.
Bagger, this is the future of this country here. These kids posting here are all 19-24. When they get out into the real world they will never know what hit them. I'm starting to think Baron should have sold this website at the top. I can't imagine what this place will look like a few years from now.
I posted it on the other thread, but re-posting here as this is important information.
From the poll, its clear that still almost 50% of newbies think Patak is a good opportunity. A big reason for their thinking is because a very respected ET member who is amazing at creating illusions of reality using words, is defending Patak like a Shield.
So, this is the Bitter Truth about Maverick who is trying very very hard to convince everyone how wonderful this Patak operation is. Please read multiple Maverick's post on this linked thread from 2010 and you will know what were his real views when he was still a good guy.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2985024#post2985024
A seasoned professional like Mav (Mav claims to have 15 yrs experience) does not change his views on an industry or the place where a firm belongs in the industry suddenly. The only thing that can cause such a polar change in the views of a seasoned professional like Maverick is MONEY. Money is such a bitch! It forces smart guys to get to the dark side. Now that we have proved that king has no clothes, all his blind followers - I hope you will read his posts with a more critical eye.
Maverick - Come back to the bright side!
From the poll, its clear that still almost 50% of newbies think Patak is a good opportunity. A big reason for their thinking is because a very respected ET member who is amazing at creating illusions of reality using words, is defending Patak like a Shield.
So, this is the Bitter Truth about Maverick who is trying very very hard to convince everyone how wonderful this Patak operation is. Please read multiple Maverick's post on this linked thread from 2010 and you will know what were his real views when he was still a good guy.
http://www.elitetrader.com/vb/showthread.php?s=&postid=2985024#post2985024
A seasoned professional like Mav (Mav claims to have 15 yrs experience) does not change his views on an industry or the place where a firm belongs in the industry suddenly. The only thing that can cause such a polar change in the views of a seasoned professional like Maverick is MONEY. Money is such a bitch! It forces smart guys to get to the dark side. Now that we have proved that king has no clothes, all his blind followers - I hope you will read his posts with a more critical eye.
Maverick - Come back to the bright side!
Copied from the other thread:
LOL. A blast from the past. This is the bomb? I have already stated on both of these threads that when Patak went live 2 years ago it was atrocious. I stated that on here already. And it was! They have made dramatic changes to the program that make it workable now. It was NOT back then.
Having said that, I never once on here said that TST is the end all be all. Back then I was comparing Patak's "horrible" model to "true" prop firms. I still contend that if one has the resume, they absolutely should go to a traditional prop firm, especially right out of school. Just take the money, shut up, listen and learn everything you can. Most guys here do NOT have the resume. So that leaves them two options. Fund their own account which I don't think most guys can do, or look for some alternative model. In this case, TST made enough improvements that I changed my mind as far as it even being doable. I felt it was impossible in 2010.
I once again fail to see the controversy here. Look if you were to ask if you should accept your offer from Goldman or give TST a try, I think I would tell you to go ahead and work with Goldman. LOL.
This business does change a lot. And when it changes, I modify my views. I do not think TST is on par with TMG, Chopper or Infinium and if any of you guys can get into their programs, do it!!!!
If you can get into Goldman or JP Morgan or Barclays...do it!!!!!
If you can get a job at a solid hedge fund...go for it!!!!!
But for the 99% here who can't, I honestly believe that TST will at least give you a chance to see if you even like trading. A lot guys will find out they don't. See if you have the aptitude for it. Forget about TST backing you. Just do the combines. Get your strategy down cold, get some self confidence and then fund your own account. Guys, this is not rocket science. This is the longest thread in the history of ET about nothing. It's like a bad Seinfeld episode.
Is there more to this or is that it?
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