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TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)


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TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)

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  #171 (permalink)
Philadelphia, PA
 
Experience: Advanced
Platform: Multicharts, Ninja Trader
Broker: Mirus/ZF
Trading: CL
 
9baller's Avatar
 
Posts: 27 since Jan 2012
Thanks: 8 given, 12 received

Hello MP,

I agree that you have made things easier...for the 20 day combine....I signed up for 10 day Monday night...get changes Tuesday night...so yes 20 day is easier but not for me....If i had known on Monday that you would relax structure on Tuesday would not have signed up for 10 day....that's my point....

LG

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  #172 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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9baller View Post
Hello MP,

I agree that you have made things easier...for the 20 day combine....I signed up for 10 day Monday night...get changes Tuesday night...so yes 20 day is easier but not for me....If i had known on Monday that you would relax structure on Tuesday would not have signed up for 10 day....that's my point....

LG

Email them, I am sure they will cooperate if you ask nicely.

Mike

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  #173 (permalink)
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
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9baller View Post
Hello MP,

I agree that you have made things easier...for the 20 day combine....I signed up for 10 day Monday night...get changes Tuesday night...so yes 20 day is easier but not for me....If i had known on Monday that you would relax structure on Tuesday would not have signed up for 10 day....that's my point....

LG

Current 30k 20 day minimum combine to be completed in 2 months:
In two months there are an average of 42 trading days. The profit target is currently $2000. Therefore an average of 2000 / 42 = $47.62 per day is required

New 30k 20 day limit combine to be completed in 2 months (BUT: when you reach 20 traded days the combine ends). The new profit target is $1500
Therefore an average of 1500 / 20 = $75 per day is required

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  #174 (permalink)
Chicago, IL
 
Experience: Advanced
Platform: TSTrader, NinjaTrader...
Trading: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 246 since Feb 2013
Thanks: 57 given, 690 received


Big Mike View Post
Email them, I am sure they will cooperate if you ask nicely.

Mike

Mike- You're correct. We are able to work with you just explain the situation to one of our support team and they will help ensure you are in the best position.

mp

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  #175 (permalink)
Chicago, IL
 
Experience: Advanced
Platform: TSTrader, NinjaTrader...
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DarkPoolTrading View Post
Current 30k 20 day minimum combine to be completed in 2 months:
In two months there are an average of 42 trading days. The profit target is currently $2000. Therefore an average of 2000 / 42 = $47.62 per day is required

New 30k 20 day limit combine to be completed in 2 months (BUT: when you reach 20 traded days the combine ends). The new profit target is $1500
Therefore an average of 1500 / 20 = $75 per day is required

Darkpool- The first example is trading every single day.

The second example is going back to looking for a trader that has patience and waits for the market to come to them. A trader that treats every day with the utmost importance. This was effective prior to TST introducing the minimum Combine and it will continue to be effective after removing the minimum. If you guys think I'm wrong look at the trade reports for those that have been funded.. They use 10 or 20 days depending on what they signed up for. They do not use 42 days.

We have studied this for a while and concluded that the minimum Combine format needed to be adjusted. It will be adjusted next week. In the last three years we've made continuous changes to the Combine that are in the trader AND equity partner's best interest (as we represent both). This is our most recent change and we look to produce even better talent going forward.

mp

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  #176 (permalink)
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,588 since Sep 2010
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DarkPoolTrading View Post
Current 30k 20 day minimum combine to be completed in 2 months:
In two months there are an average of 42 trading days. The profit target is currently $2000. Therefore an average of 2000 / 42 = $47.62 per day is required

New 30k 20 day limit combine to be completed in 2 months (BUT: when you reach 20 traded days the combine ends). The new profit target is $1500
Therefore an average of 1500 / 20 = $75 per day is required


Either scenario has me salivating...

...patiently waiting for a robust version of NT / TST. I don't care if it's Christmas - next year!!

The platform must be solid so you can forget about the machine and "just trade" ... you don't want them
to hurry this.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #177 (permalink)
Philadelphia, PA
 
Experience: Advanced
Platform: Multicharts, Ninja Trader
Broker: Mirus/ZF
Trading: CL
 
9baller's Avatar
 
Posts: 27 since Jan 2012
Thanks: 8 given, 12 received

You think 6 months is hurrying?....

curious about t4....is it viable in comparison to NT....I use MC for charting and only use NT for execution with 2 active doms...1 dom uses autotrail OCO stop....other is manually adjusted OCO...

I will take the time to learn t4 if it's workable....does the t4 platform have a RT balance update while in the combine....or do you need to fly blind and login to 3rd party site to confirm combine trades and day's equity....don't see how that works for anyone

LG

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  #178 (permalink)
Philadelphia, PA
 
Experience: Advanced
Platform: Multicharts, Ninja Trader
Broker: Mirus/ZF
Trading: CL
 
9baller's Avatar
 
Posts: 27 since Jan 2012
Thanks: 8 given, 12 received

going to dig in to one of my ZEN books and try and relax....frustrating day

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  #179 (permalink)
Chicago, IL
 
Experience: Advanced
Platform: TSTrader, NinjaTrader...
Trading: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 246 since Feb 2013
Thanks: 57 given, 690 received


9baller View Post
You think 6 months is hurrying?....

curious about t4....is it viable in comparison to NT....I use MC for charting and only use NT for execution with 2 active doms...1 dom uses autotrail OCO stop....other is manually adjusted OCO...

I will take the time to learn t4 if it's workable....does the t4 platform have a RT balance update while in the combine....or do you need to fly blind and login to 3rd party site to confirm combine trades and day's equity....don't see how that works for anyone

LG

LG- Yes, you can use the t4 dom to enter your orders and the NT to analyze and stick with what is comfortable. We do have recruits in the Combine that have been doing this for sometime.

mp

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  #180 (permalink)
Chicago, IL
 
Experience: Advanced
Platform: TSTrader, NinjaTrader...
Trading: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 246 since Feb 2013
Thanks: 57 given, 690 received



9baller View Post
going to dig in to one of my ZEN books and try and relax....frustrating day

9baller- I fully understand. Trading can be hard enough. The last thing you want is anything distracting you from staying focused. I stopped by the support room today and asked Erin, Director of Operations, to tell the team to look out for your email. Let me know if they are not able to help.

mp

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