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

[marketsurfer]

Quote from traderchi128:

Unlike you Surf, I trade on a desk for a firm. I don't have the luxury of being a fantasy trader like yourself and not have to worry about whether or not my trades are right.

Also, unlike you I don't talk about performance on here. The one thing I have learned over the years is to keep my mouth shut when it comes to how I do. You wouldn't know if I made or lost $20,000 on a trade sitting next to me each day.

Those who talk a big game and blab are 99.9% of the time full of shit.

Been there, done that. no argument here.

Truth please-- does your firm teach/promote TA as a viable method?

surf

 

[Maverick74]

Quote from volente_00:

That equates to 180 paying combine memebers paying 160-400 each


min 29k gross from combine free, overhead can't be that high to run this


And as this is a slow time of year

Those 8 guys could easily go through 30k in losses. Or are you saying they are great traders now?

 

[Maverick74]

Quote from 2rosy:

congrats but why dont they have any traders on linkedin.

show me a link to a trader thats been there for more than a year. so many trading firms in chicago.

I did a simple search in 5 seconds and found several on linkedin. It's not that hard bud. Please make an effort.

 

[volente_00]

Quote from Lucias:

Im not trying the combine with their current software because the t4 DOM is junk.

Your so full of $hit and excuses


What it boils down to is you can either trade or you can't





I use t4 platform trading real money and although it is generic looking and charts are so so it has been 100% reliable for me

Surely it can work for you on sim

 

[NoDoji]

Quote from marketsurfer:

Come on, TA crew--- nodoji, brasovski, fahq, Oraclewizard, xspurt---- these guys are offering you the chance at credibility, to prove your mettle with real funds in a real account. No more excuses --- lets see what you can do. surf

They want "critical members" of ET to prove themselves. I'd love to see any one of the "TA doesn't work" camp take advantage of this and demonstrate to us deluded dreamers what really DOES work.

 

[volente_00]

Quote from Maverick74:

Those 8 guys could easily go through 30k in losses. Or are you saying they are great traders now?

How when they get sent back to the combine if they lose $1000 each total or hit $500 intraday?

 

[Maverick74]

Quote from volente_00:

How when they get sent back to the combine if they lose $1000 each total or hit $500 intraday?

Depending on the combine it's anywhere from 2k to 6k in losses. And he stated they have reset the losses as many as 4 times. So let's be conservative and take the midpoint. That would be two combine re-sets at 4k each. That's 8k in losses times 8 traders. That's 64k in potential losses.

 

[ScalperJoe]

Quote from Lucias:

ScalperJoe -- The 1k is YOUR risk because you earned it. That's your money. Im not trying the combine with their current software because the t4 DOM is junk. I already explained that risking having a bad experience in my trading due to their crappy DOM is not worth it for me. If it was on OEC, I'd probably consider their latest offer. The OEC dom is rock solid.. great job guys.

Lucias, your points are well thought out regarding making improvements/changes to the combine. I don't know about their platform, my guess is if they felt it was not up to par, then they would change it. I've used many different equity platforms, they all have their pros and cons and opinions are subjective.

Regarding the 1k, I see what you're implying, however it's only "YOUR" money if you first make the profit of 1k. If you trade live and immediately take a 1k hit, it's THEIR RISK, since you didn't place any capital, and don't have to earn it back when you trade the live account again. I think we can both agree on this point.

If opening your own live account and placing your own funds on the line is not an option, then here's an opportunity for a trader to secure a live funded account with very limited out of pocket. And since they're willing to provide evidence that some are passing, it's obviously doable for those willing to give it a shot.

If a trader is going to do this, they either accept the parameters, attempt to modify it slighty using a custom combine, or decline to participate. Those are basically the three choices a trader has when viewing TST.

 

[marketsurfer]

Quote from Lucias:[/e. [/B]

Dude, we use to trade on a pay phone and a portable quotron machine--- stop the excuses about bad software and try it for real. Otherwise find another obsession.

The market holds the strongest attraction for those least suited for it---surf


Surf

 

[volente_00]

Quote from Maverick74:

Depending on the combine it's anywhere from 2k to 6k in losses. And he stated they have reset the losses as many as 4 times. So let's be conservative and take the midpoint. That would be two combine re-sets at 4k each. That's 8k in losses times 8 traders. That's 64k in potential losses.

The numbers don't lie


for every 150k combine, 97 out of 100 will lose their $400 deposit


Do you really think they will let the 3 who go live each lose 13k each ?