TopstepTrader and Patak Trading Partners- Easy to read QUESTIONS and ANSWERS

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Quote from textrader4:

A couple months ago there were 5 threads all debating the merits of these guys and then all of a sudden it stopped. Even Michael Patak has been dead silent. Very strange.
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Strange? We had 5 threads and about 10k posts. What more is there to say? It was debated more then the bible. What do you want Michael to say? I always contested from day one that their website was pretty straight forward and there was nothing more to say.

What did happen was a lot of guys from ET took a shot at it and it didn't work out. Some have been honorable enough to come forward and say that, others are quietly sneaking out of the back of the room hoping no one notices. Didn't you notice all the journals on here where guys signed up? One by one they stopped posting. Hey, it's human nature. It is what it is.

FWIW I still keep getting e-mails from them showing all the guys they are backing. At least 2 to 3 new guys a week. I'm just not sure what else is there to say? I think two of the threads were the longest two in the history of the prop forum section.
 
Agree with you, all is said and their site quite clear. But I'd just wish more combineers would pop in here from time to time for some update on their progress, good or bad.
Now, 2-3 new funded traders/week makes quite a crowd in just a year !


Quote from Maverick74:

Strange? We had 5 threads and about 10k posts. What more is there to say? It was debated more then the bible. What do you want Michael to say? I always contested from day one that their website was pretty straight forward and there was nothing more to say.

What did happen was a lot of guys from ET took a shot at it and it didn't work out. Some have been honorable enough to come forward and say that, others are quietly sneaking out of the back of the room hoping no one notices. Didn't you notice all the journals on here where guys signed up? One by one they stopped posting. Hey, it's human nature. It is what it is.

FWIW I still keep getting e-mails from them showing all the guys they are backing. At least 2 to 3 new guys a week. I'm just not sure what else is there to say? I think two of the threads were the longest two in the history of the prop forum section.
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Quote from Maverick74:

FWIW I still keep getting e-mails from them showing all the guys they are backing. At least 2 to 3 new guys a week....
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I'm seeing maybe one a week, but I'm getting those emails as well.

Quote from yiehom:

Agree with you, all is said and their site quite clear. But I'd just wish more combineers would pop in here from time to time for some update on their progress, good or bad.
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I blew the chance at a refund by exceeding the max daily loss limit by $5.



I will say this, I can understand TST wanting the Combine participants to have some skin in the game so to speak. Hence the Combine fees. However imo they could probably reduce those fees a bit, thereby giving a more favorable impression that they ARE scouting for talent, and not just collecting fees.
 

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Quote from r.risto:

fyi brad10 all who are in tst "mailinglist" recieve that e-mail
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Maybe you guys are on the secret, insider list who knows? The emails I get listed 9 funded traders since November 12th, and guess how many weeks passed between then and now? 9-10....

So let me get my calculator, because I am a bit rusty with my math:

9 divided by 9 equals 1 funded trader per week. That is a bit far from at least 2-3 per week, but what is 100-200% difference between friends???
I say that is just a rounding error.... :)

Anyhow for those who like to play, here is an IQ test: Go to the latest funded trader's report and see if you can see something suspicious. The best answers will get a lollipop. Here is the report:

http://www.topsteptrader.com/fundedtradereport
 
Quote from Pekelo:

Maybe you guys are on the secret, insider list who knows? The emails I get listed 9 funded traders since November 12th, and guess how many weeks passed between then and now? 9-10....

So let me get my calculator, because I am a bit rusty with my math:

9 divided by 9 equals 1 funded trader per week. That is a bit far from at least 2-3 per week, but what is 100-200% difference between friends???
I say that is just a rounding error.... :)

Anyhow for those who like to play, here is an IQ test: Go to the latest funded trader's report and see if you can see something suspicious. The best answers will get a lollipop. Here is the report:

http://www.topsteptrader.com/fundedtradereport
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There is no secret. Let me help you out while you are waiting for your next pizza delivery job. How many guys do you think bothered to trade between Thanksgiving and new years? Probably very few right? I mean we all agree you need a really good and active market to pass this thing. So why the f*ck would anyone "pay" to do the combine during the slowest time of the year? You can phone a friend on that one Pekelo. But yes, it's about 2 to 3 guys a week during more active market periods.

I actually think a lot of guys wait for the market to start moving and then sign up for the combine. Not a bad strategy.

Now on to your other big revelation. The pattern you have noticed mr. ukelele player was noticed already and talked about on here a looooooooooong time ago. The reason for the date of the combine and the start of funding is because TST requires many traders to do follow ups before they go live, especially if they get "lucky" so to speak. You will see this when guys make all their p&l on their last day, etc.

Pekelo, you are not anywhere near as smart as you think you are. But I bet you play a mean ukelele when you are not delivering pizzas.
 
Quote from Maverick74:

So why the f*ck would anyone "pay" to do the combine during the slowest time of the year?
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Not sure what market you are trading but i a 2 week period in your time frame ES moved 4.5 % down and 5.5% up so I'm not buying the lack of volatility excuse.
 
Well done nonetheless, with that success rate of 72%! All what remains to refine is to cut your losses earlier, without hesitation. Yes I know it is easier stated.
What were you trading?


Quote from Lucrum:

I'm seeing maybe one a week, but I'm getting those emails as well.


I blew the chance at a refund by exceeding the max daily loss limit by $5.



I will say this, I can understand TST wanting the Combine participants to have some skin in the game so to speak. Hence the Combine fees. However imo they could probably reduce those fees a bit, thereby giving a more favorable impression that they ARE scouting for talent, and not just collecting fees.
More...
 
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