TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)
Updated: Views / Replies:153,485 / 986
Created: by Big Mike Attachments:21

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 21  
 
Thread Tools Search this Thread
 

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

  #171 (permalink)
Elite Member
Philadelphia, PA
 
Futures Experience: Advanced
Platform: Multicharts, Ninja Trader
Broker/Data: Mirus/ZF
Favorite Futures: 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

Reply With Quote
 
  #172 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,169 received


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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #173 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
Futures Experience: Advanced
Platform: Self built + Sierra + TWS
Favorite Futures: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,303 received



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

Diversification is the only free lunch
Reply With Quote
The following 2 users say Thank You to DarkPoolTrading for this post:
 
  #174 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 225 since Feb 2013
Thanks: 49 given, 660 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

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
Reply With Quote
The following 2 users say Thank You to TopstepTrader for this post:
 
  #175 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 225 since Feb 2013
Thanks: 49 given, 660 received


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

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
Reply With Quote
The following 5 users say Thank You to TopstepTrader for this post:
 
  #176 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received


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"
Reply With Quote
The following 2 users say Thank You to tderrick for this post:
 
  #177 (permalink)
Elite Member
Philadelphia, PA
 
Futures Experience: Advanced
Platform: Multicharts, Ninja Trader
Broker/Data: Mirus/ZF
Favorite Futures: 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

Reply With Quote
The following user says Thank You to 9baller for this post:
 
  #178 (permalink)
Elite Member
Philadelphia, PA
 
Futures Experience: Advanced
Platform: Multicharts, Ninja Trader
Broker/Data: Mirus/ZF
Favorite Futures: 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

Reply With Quote
The following user says Thank You to 9baller for this post:
 
  #179 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 225 since Feb 2013
Thanks: 49 given, 660 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

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
Reply With Quote
The following user says Thank You to TopstepTrader for this post:
 
  #180 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 225 since Feb 2013
Thanks: 49 given, 660 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

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
Reply With Quote
The following 3 users say Thank You to TopstepTrader for this post:

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Webinar: TopstepTrader on Discipline/Psychology (Michael Patak and John Hoagland) Big Mike Psychology and Money Management 25 April 28th, 2017 03:36 PM
Patak Trading Partners Tundi Trading Reviews and Vendors 13 November 17th, 2015 11:47 AM
Michael A.K.A Mitchell is here CaesarMitchell Beginners and Introductions 1 August 13th, 2015 04:04 AM
Webinar: TopstepTrader Michael Patak and Bob Iaccino on Mastering Candlestick Math Big Mike Trading Reviews and Vendors 10 January 20th, 2015 12:49 AM
Michael' Surf Ride2021 Beginners and Introductions 1 September 29th, 2012 03:08 PM


All times are GMT -4. The time now is 05:29 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-21 in 0.09 seconds with 19 queries on phoenix via your IP 54.224.18.114