It is my pleasure to welcome back Michael Patak, CEO of TopstepTrader, and John Hoagland, Director of Scouting of TopstepTrader, for another webinar presentation on Tuesday, February 5th @ 4:30 PM ET.
If you haven't watched TST's previous webinars on futures.io (formerly BMT), I encourage you to do so. They've covered psychology, risk, discipline, and more and the webinars have been extremely well received. You can find them in the Webinars section on futures.io (formerly BMT).
This webinar will be focused on answering questions about their Combine program and give you a chance to get your questions answered.
The topics for this presentation include:
TopstepTrader CEO Introduction
- Michael Patak’s background
- Trading History
The creation and evolution of the Combine and the NEW Minimum Day Combine
- Electronic trading and untapped talent worldwide
- The proving ground
- Education and development
- Why do people trade?
- Developing patience and market state awareness
The benefits of the Combine
- Trader / strategy development
- Accountability similar to live trading (Skin in the game)
- Trade reports and understanding how they can help your development
- Exposure to increased market knowledge
- Increased self-knowledge (trading psychology)
- Daily segments with renowned trading educators
- Trading under evaluation (monitored)
- Refundable deposit
Features of the program
- Membership
- New Minimum Day Combine parameters
- Objectives and Targets
- Custom Objectives
- Squawk Radio broadcast and Breaking News
- Shared knowledge / camaraderie in the interactive trader chat room
- Product specific chat rooms
- Daily trading classes with question and answer sessions
- One-on-One Coaching
- Access and experience with the T4/Sierra Charts/NinjaTrader platforms
Trader development
- Risk management
- Discipline
- Trading plan development
- Market knowledge and feel
- Self-knowledge
- Continued Education (coaching)
- Trading Partners
Scouting expectations
- Loss limit, max drawdown, position size
- Trading metrics
- Scouting Criteria (evaluation criteria)
Trade Report and Journal
- How to use the Trade Report to your benefit
- Analyzing Metrics
- The importance of keeping a journal
Program statistics
- How many succeed? Funded?
- How many Combines do people go through? Live Combine Preparation
- Why do they leave?
- Staff experience
- Background, location, age restrictions?
I want to thank Mike & John today from TST for their time in this webinar. We had over 450 people sign up, and almost 200 questions in the webinar - so that is why it ended up running 2.5 hours long!
I think the webinar should answer almost all questions about TST and I hope everyone benefited from it.
I'll post the recording sometime tomorrow in the usual spot.
Lots of questions they answered were already in the TST FAQ. I think they could extend it using the most common 20-50 questions and the next webinar could be 1 hour shorter.
I am looking forward to the audio posting because I missed the 2nd half. Did they say how many Live traders they have or what's their average monthly earning was?
The following user says Thank You to Pedro40 for this post:
Having read 250,000 posts on this forum over the last 3 years, I think I have more experience than most anyone else when it comes to knowing the routine of the average trader that is losing money, going in circles, and can't break out. I asked TST to come on the site because I believe they can help traders be successful.
If you attended the webinar, then you would know how I feel about it as I mentioned it several times. They are a business and they do make money. But considering how most traders blow their account money, this program is a million times better and gives traders the structure, discipline, risk tolerances they need to be good traders.
Naturally, some people will not like the program. Those people should not be reading this thread but instead hopefully spending their time on other things they do enjoy.
