Topsteptrader

[shiko2000]

i deferred my combine for the third time to a near future ,but i will participate in TST challenge tomorrow and after that i hope i can start combine . BTW what's your id name on TST ?

I am Chikot at TST, but I am very rarely there. My trading is very demanding and I am really focused cause I watch both chart and DOM.
I am there usually after my trading is closed and still not very often.
I wonder why you deffer your start? I think it is time to let the dice fly paraphrasing Caesar. Cross that Rubicon , man

 

[Commodity_Trader]

I am Chikot at TST, but I am very rarely there. My trading is very demanding and I am really focused cause I watch both chart and DOM.
I am there usually after my trading is closed and still not very often.
I wonder why you deffer your start? I think it is time to let the dice fly paraphrasing Caesar. Cross that Rubicon , man

first i applied for high speed internet( 10 Mbps ),it took me near 7 weeks (hello reality ! here is damn middle east)...and it's real speed is equal to your 1Mbps internet.so now it's ready and "hopefully" i will participate in it soon.

 

[shiko2000]

first i applied for high speed internet( 10 Mbps ),it took me near 7 weeks (hello reality ! here is damn middle east)...and it's real speed is equal to your 1Mbps internet.so now it's ready and "hopefully" i will participate in it soon.

I see. Actually here in Canada I have had numerous internet outages with Rogers. Once it happened at the exact moment I was placing Stop loss order... Was without internet for about 2 hours.
Gotta go with OCO orders only when go live.

 

[smallStops]

...
I have gone through 19 combines, 5 rollovers, failed the LTP twice.

19 combines : wow!!!
I am curious, after each combine that did not work, did you do some extra non combine demo, or did you jump straight into another combine?

 

[smallStops]

Actually, your efforts and persistence is a real example. .
VERY well done. And thank you for mentionning the effort one puts in.

 

[Commodity_Trader]

I see. Actually here in Canada I have had numerous internet outages with Rogers. Once it happened at the exact moment I was placing Stop loss order... Was without internet for about 2 hours.
Gotta go with OCO orders only when go live.

i use one ADSL internet connection, one 3G connection, two wimax connection,and then i mix all of them (dispatch) into one unit connection in order to connect to a VPS ( virtual private server) for trading which is located in Chicago and has a few mili seconds delay or ping time .. say thanks to Rogers to rogers cuz it disconnects only for two hours ...

 

[logicaltrader]

19 combines : wow!!!
I am curious, after each combine that did not work, did you do some extra non combine demo, or did you jump straight into another combine?

Most of the times I took a break, analyzed and then restarted another one. There are times when I had 2 or even 3 going simultaneously to track different products/strategies. The times I jumped right back into another one are when I would blow the max DD early on and then use the rest of the days to tweak and stabilize so by the time the combine period ended, I was ready to continue with another one.

I didn't do any non combine demo in between during breaks. The combine keeps it real for me, demo does not.

 

[volente_00]

Don't ever start a business dude. Just trying to give you some good advice.

For starters, Michael has stated several times they are NOT members and do NOT get member rates. Strike one.

Second, they published their live traders identities a few weeks back. I think I counted 12, not 50. Strike two.

Good thing you stopped there or you would have struck out...again.

My guess is they are making 1k to 2k a month on over rides. My guess is their monthly payroll is 30k to 40k a month. Neato!

Don't ever offer to take a lie detector test you clueless dick




Patak Trading Partners, LLC
Overview

Patak Trading Partners is a proprietary trading firm and member of the Chicago Mercantile Exchange. Our fundamentals are simple - seek out and recruit talented, passionate traders and reward them based on merit.

 

[volente_00]

For the love of God it's certainly not making millions like Pekelo and Volente suggest. That is a farce. I'm being dead serious, if this made even 500k a year net I would drop everything and offer a competing service. I could run this with my eyes closed. But I doubt this model is even profitable....yet. Now maybe the plan down the line is to grow this into the next optionetics. That was a very different model but this thing has to morph into something else then what it is now.

Before anyone attacks me or my numbers, please provide DATA that supports your argument in terms of operating expenses, total combines, gross revenues and costs. Don't just scream like a child "they are making millions, it's not fair!" LOL.

Already did a long time ago and you ignored facts but I would expect nothing else out of you but more lies.

Show me where I said millions or even a 1 mill you clueless dick ?




Quote:
Quote from Maverick74:

But yes, it's about 2 to 3 guys a week during more active market periods.




Quote from Volente_00:


If this is true then combine revenue from the other losers is minimum gross 544k per year. Now you can assume 50% get refunded but I don't believe it's near that high as evidenced here as nearly every one who did the combine ended up negative.
But maybe you believe rookies with very little futures trading experience have a better chance at being net positive ?
So take 544k, with imaginery 50% refund, puts you at 272k revenue, now take 3 employees to run this for you at 50k salary and the net is still minimum 6 figures to the company owner regardless if anyone ever trades live.

Now up the failure to be profitable rate to the more realistic 75-80% and the net becomes 275-300k

 

[volente_00]

Very well said Mav. From personal experience, operating expenses will eat your bottom line like a dog eating fresh steaks.

I took a summer job operating a seasonal enterprise this summer, basically directing and overseeing everything that is going on. The owner put down a sizable chunk of cash to get everything in place. It has generated close to the amount that the owner has laid out....however, the layout money was just that, starting money, that does not count my salary (although he has factored that in), and the salary of the 3/4 other workers that are with me. When I print out the cash register receipts every night and I look at the total revenue brought in since May, then subtract what is left of that after all of the workers take our cut, it does not look good for the investor this year.

Nobody seems to understand that TST has infrastructure costs, they are run out of a downtown office in Chicago (correct me if I am wrong), thats not cheap.







Factor in the losses when people blow up. The directional punters should not be so critical of the prices, just play the game and use the resource to your advantage. Its saving everyone thousands in losses for your $200 fee every month

So you want us to believe that TST has been bleeding money for 4 years just to be altruistic ?