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

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in case you can't see the links (they work best with firefox), here's my equity curve at 118% profit (real profit 90%). In case you're wondering, I trade mostly EURJPY, but also work with EUR, GBP, CAD. With this combine, looks like I'll have to stick to 6E, 6B, and ES.

118percent_zps6c40fdee.jpg
 
Quote from trade4you_brazi:
----I do pretty well with my own accounts....
----a track record....
----signed up for the combine.
----on magazine covers....
----my results (verified-LIVE).
----drawdown and holding period.
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1) Wow! :eek:
2) We'll all look for you to be funded by the end of THIS month. :cool:
 
nazzdack, it doesn't look like a slam dunk. I will have to be very cafeful with position size and the actual trades that I take. 10 days is really short amount of time to make a decent profit and keep drawdown to a minimum. And I don't have my EURJPY... Oh well, if I don't pass it, I always have my own account to fall back on. I'll let you guys know how it works out.
 
Quote from trade4you_brazi:

10 days is really short amount of time
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Just so you actually know the rules, that is 19-22 days depending on how many bank holidays are there and when you sign up.... (don't start on a Friday, you lose a day)
 
Quote from trade4you_brazi:
----very careful with position size and the actual trades that I take.
----make a decent profit and keep drawdown to a minimum.
----I always have my own account to fall back on.
More...
1) Ideally, you can increase your position size as you go along and build up the account. :D
2) The parameters are rather lofty. :)
3) Maintain a mentality of imagining yourself passing because otherwise, your brain will start looking for "Fire Exit" doors instead. :cool:
 
Quote from volente_00:

Michael






Can you clarify if live traders are paid with a k1 or 1099 ?



Also can you provide any stats on the performance of live traders versus how they did in the combine ?
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"
Can you clarify if live traders are paid with a k1 or 1099 ?"

patak- can you give a straight answer?
 
nazz, yeah, it's very strict is what it is. I don't blame them. After all, it's THEIR money on the line. From what I'm reading, everywhere else makes you put down a security deposit or pay for training. If the training at those other places are so good, then why do I read about people blowing their accounts?
 
After reading about prop firms on here (and how basically they don't do anything extra-- like help build your name), I sent them an email to cancel the evaluation. I have yet to get a reply back so I bet they're just going to play dumb and tell me there is no way to cancel it. I get the impression if you execute a trade there every day, they refund the money?? It's not that much money, but who wants to pay for something they no longer want?
 
Quote from trade4you_brazi:
----everywhere else makes you put down a security deposit or pay for training.
----If the training at those other places are so good, then why do I read about people blowing their accounts?
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You can blame it on the trader or the trainer. :cool:
 
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