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

yiehom · Jan 15, 2013

Delivering pizzas is one legit way of gathering trading capital, let alone the jobs of Dominos' Pizzas and Pizza huts specialists and traders. Remember the other day you were so happy to have that ham/cheese brought to your door?

Quote from Maverick74:

If you actually did trade for a living you would know that one can easily make 6 cents on nat gas in a few seconds on an inventory spike. If this Pekelo guy worked half as hard on his own trading as he did playing detective here, he wouldn't have to subsidize his income through delivering pizzas. BTW, he has admitted this on ET.

Maverick74 · Jan 15, 2013

Quote from addchild:

It looks like he's trading natural gas on inventory release, so the outcome is likely near binary. The calculation for average may round to the nearest minute, but im not sure.

Side note (brag)..... I passed the combine today.

Congrats! Be careful now, you might start getting attacked and being accused of shilling for Patak. Or even being Patak. LOL.

Maverick74 · Jan 15, 2013

Quote from yiehom:

Delivering pizzas is one legit way of gathering trading capital, let alone the jobs of Dominos' Pizzas and Pizza huts specialists and traders. Remember the other day you were so happy to have that ham/cheese brought to your door?

Oh, it's a noble profession, don't get me wrong. I'm sure Pekelo delivers with the best of them.

yiehom · Jan 15, 2013

Congratulations on your passing the combine!
How long did it take?

Quote from addchild:

It looks like he's trading natural gas on inventory release, so the outcome is likely near binary. The calculation for average may round to the nearest minute, but im not sure.

Side note (brag)..... I passed the combine today.

Pekelo · Jan 15, 2013

Quote from yiehom:

especially during news/numbers.

I thought there was a TST policy that discouraged taking a position 5 minutes before news releases.... And it looks like some of the funded traders used that very strategy....

Quote from addchild:

Side note (brag)..... I passed the combine today.

Nice. These newly funded guys passed their Combines 6 or so weeks ago, so it could take that much time for you too. They might also ask you to do a redo with a little stricter parameters.

Either way, keep us posted on how you are doing...

Maverick74 · Jan 15, 2013

Anyone remember the movie "There's Something About Marry"?

This guy reminds me of Pekelo, but instead of chasing Marry, substitute TST.

Lucrum · Jan 15, 2013

Quote from yiehom:

...What were you trading?

CL

Quote from nazzdack:

Dude, did you have 1 tick of unexpected slippage on your final trade where you expected to be "down" $495 or $492.50 instead of the $505? :eek:

I made a math error in the heat of the moment.

volente_00 · Jan 15, 2013

Quote from Pekelo:

I thought there was a TST policy that discouraged taking a position 5 minutes before news releases....

Where is this policy ?

volente_00 · Jan 15, 2013

Quote from Maverick74:

Who cares if they make 100 million a year on fees. Do you think I gave a shit how much the Bright's were clearing on my trades? Bob and Don were swimming in money. Had no impact on my trading. More power to them. When I traded at Worldco, my mentor made over 750k off me. But it was my choice to join his group. Unless someone is robbing you at gunpoint and taking your money, everyone here has free will.

Were you also paying 25% higher than etrade on your commissions at either one like tst charges ?

There is a reason bright does not back traders. Because it is a losing gig over time and there is more to be made in overides and selling education. And thats why tst is in this game.

Maverick74 · Jan 15, 2013

Quote from volente_00:

Were you also paying 25% higher than etrade on your commissions at either one like tst charges ?

There is a reason bright does not back traders. Because it is a losing gig over time and there is more to be made in overides and selling education. And thats why tst is in this game.

Dude, I was paying 100% over at Bright and probably 10,000% over at Worldco. Yes! LOL. My point is, nobody forced me to trade at Worldco or Bright for that matter. Hell, no one forced me into this industry. We are all adults here. People are smart enough to make up their own mind. I know many on here that actively trade with TOS even though TOS's commissions are 3 times that of IB!!!!!! Yet many on here do it. No is making them do it. They have their reasons.