Because they will be destroyed psychologically from getting fired from live trading. Sure they may retry and if they fail combine again after getting fired from live they will have little incentive to keep trading sim if it is not producing any monetary benefit. I have friends in the minor leagues and the most devastating thing that they say mentally for a pitcher is to get called up and then sent back to the minors. Most never get called back up after this happens. We are talking sub 2.00 era in triple a who get called, spanked and sent home and after that become 6-8 era pitchers even though they have the same psychical talent they are screwed mentally most for the rest of their minor league career.
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Because they will be destroyed psychologically from getting fired from live trading. Sure they may retry and if they fail combine again after getting fired from live they will have little incentive to keep trading sim if it is not producing any monetary benefit. I have friends in the minor leagues and the most devastating thing that they say mentally for a pitcher is to get called up and then sent back to the minors. Most never get called back up after this happens. We are talking sub 2.00 era in triple a who get called, spanked and sent home and after that become 6-8 era pitchers even though they have the same psychical talent they are screwed mentally most for the rest of their minor league career.
Gmst, look, I think if you send a sincere note to Michael, he will refund your combine fee for you. Just tell him you tried as hard as you could and you just couldn't do it. Nothing wrong with that. Some people are not cut out for this. I think he'll give you your money back if you ask nicely.
you do know that no one is putting a gun to your head and making you write these posts
at least I hope not...
no, no, no LOL. I'm sorry, I'm not buying this. Baseball is different. The whole world is watching you fail. That's tough. You can work at Best Buy while doing this. If the cost is gone, guys will keep trying. No way am I going to agree with you on this point. You act like it's some social faux paux to fail at this. These guys are sitting at home in their boxer shorts trading. Hell, I bet you have doctors and pilots doing this. Nobody knows. People feel social pressure when they fail in front of others. This does not fall in that category. I don't know anyone, anyone, that would get distraught over failing on a simulator. LOL.
Quote from HurricaneUS:
you do know that no one is putting a gun to your head and making you write these posts
at least I hope not...
No gun! For last few days, I have talked about Patak willingly and this has been an enriching experience for me! At multiple points, I thought it was a pure waste of my time. However, I am walking away with few very interesting take-aways.
I actually gained quite a few things from this experience:
1) How to do marketing on internet bulletin boards - I would like to admit I had no practical experience on this till a week ago, but now I know the mechanics of how people actually run successful marketing campaigns on internet bulletin boards.
2) Why employing a skilled shill is so rewarding for the business owner.
3) I learnt about a very novel business model - Thinking through, I have understood that this business model can be applied in many different "legitimate" situations. Fundamental pillar of this business model is that you don't need any money to start such a business, rather you take money from your customers, and then you run your business using that money. Amazing Idea!
4) I think it was very interesting to learn first hand how businesses with RoI of 1:50 to 1:100 can be started using extremely tiny initial capital.
5) Frankly, it was like a real-world case study for me.
6) There can be many applications of such a business model in other settings. Like: you can set up a group of people to do some activities and charge everyone a nice membership fees (read: combine fees) and then depending on activity you charge them separate fees (read: commissions on live traders). Risk-free business using a similar model.
7) Finally, and the most satisfying of it was - I exposed Maverick as a Shill for Patak - at least in the eyes of many people. LOL!
We are talking someone who tried combine because they lack the things you previously talked about such as credentials, capital or track record to either trade their own account or get on with jump or another firm. This is pretty much their only shot at this point and you truly believe it won't effect them mentally ? For all we know that $400 spent on combine may have been their rent money that they blew chasing a less than 1% dream.
Here is a good question.. TST clearly caters to complete new traders and makes them shoot for a very aggressive goal. Think.. how many greenhorns have a snowballs chance in hell of getting their money back?
For those who keep telling me to try it, I already offered to try it for free under Ninja and the 2k risk cap, and Michael said no. As I'm one of the best, Michael should really take me up on it. I would prefer to use OEC but I'm sure Ninja will be sufficient. Ninja is a great platform but I like the stability of a broker DOM.. just personal.
I demoed the T4 platform and found it to be insufficient. I'm sure some find the T4 platform sufficient. They have good support but it just didn't cut it for me. I found myself losing trades on the platform that I was winning in my live account. It is too cumbersome for me to manage my live and try to trade on it too.
For those who keep telling me to try it, I already offered to try it for free under Ninja and the 2k risk cap, and Michael said no. As I'm one of the best, Michael should really take me up on it. I would prefer to use OEC but I'm sure Ninja will be sufficient. Ninja is a great platform but I like the stability of a broker DOM.. just personal.
I demoed the T4 platform and found it to be insufficient. I'm sure some find the T4 platform sufficient. They have good support but it just didn't cut it for me. I found myself losing trades on the platform that I was winning in my live account. It is too cumbersome for me to manage my live and try to trade on it too.
Can I ask you an honest question? Are you still in High School? And do you live with your parents? You don't have to answer. I just thought I would ask.
I don't man. I'm dead serious. It won't. I know guys who are addicted gamblers. Guys that bet sports and play cards. Guys who lost everything 100 times over time and time again. They will always scrape some cash together to go for another run. It's an addiction.
Honestly, what are you guys even arguing about anymore?
gmst, Mav is not a shill for Patak...he doesn't get compensated in anyway by them. Believe me this is the truth lol.
You have some guys that think this is a good program for blah blah, others that think it isn't. The only beef I had with this program is that I didn't think they had anyone producing under the name. Which would mean that the program has some structural flaw. I don't care to find it out, but to get to the bottom line!
Also, its obvious why the program is structured in the way it is. Patak isn't investing in anyone...its a numbers game. The barrier to play is pretty low(couple hundred bucks). They are hoping to reel someone in and find those guys that can produce.
Its a bit weird that there isn't one guy who has cleared 30k! That is the only thing that sticks out to me...the rules, all of that makes sense given what Patak is trying to do!
gmst, Mav is not a shill for Patak...he doesn't get compensated in anyway by them. Believe me this is the truth lol.
You have some guys that think this is a good program for blah blah, others that think it isn't. The only beef I had with this program is that I didn't think they had anyone producing under the name. Which would mean that the program has some structural flaw. I don't care to find it out, but to get to the bottom line!
Also, its obvious why the program is structured in the way it is. Patak isn't investing in anyone...its a numbers game. The barrier to play is pretty low(couple hundred bucks). They are hoping to reel someone in and find those guys that can produce.
Its a bit weird that there isn't one guy who has cleared 30k! That is the only thing that sticks out to me...the rules, all of that makes sense given what Patak is trying to do!
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