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



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


Discussion in Trading Reviews and Vendors

Updated by TopstepTrader
      Top Posters
    1. looks_one TopstepTrader with 219 posts (564 thanks)
    2. looks_two bobwest with 102 posts (253 thanks)
    3. looks_3 Big Mike with 45 posts (159 thanks)
    4. looks_4 emini2000 with 36 posts (16 thanks)
      Best Posters
    1. looks_one Big Mike with 3.5 thanks per post
    2. looks_two DarkPoolTrading with 2.8 thanks per post
    3. looks_3 TopstepTrader with 2.6 thanks per post
    4. looks_4 bobwest with 2.5 thanks per post
    1. trending_up 244,283 views
    2. thumb_up 1,837 thanks given
    3. group 256 followers
    1. forum 1,113 replies
    2. attach_file 35 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

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

(login for full post details)
  #201 (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

exactly...for those that have used T4 for several years...or any other platform that has become second nature may say the same thing about migrating to NT or any other platform....

for me personally...T4 or a similar platform is a move backwards...
I am certain there are many out there....pros included..who think otherwise
I was more frustrated with the limitations rather than an inability to adapt....

Reply With Quote
The following 2 users say Thank You to 9baller for this post:

Can you help answer these questions
from other members on futures io?
where to trade e-mini currency futures
Emini and Emicro Index
TOS to NT8... Need help converting a simple indicator
NinjaTrader
Setting up an alert on a Gartley study
Traders Hideout
FYI plot bug & workaround: changing color or width is delayed 1 bar
EasyLanguage Programming
TOS Custom Implied Volatility Rank Watchlist/Scanner Column
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Is anyone actually making money?
190 thanks
Micro account vs Funded account (combine)
53 thanks
Are sharks watching on the other side?
32 thanks
Market profile entries/exits
24 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
 
(login for full post details)
  #202 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,922 since Jun 2009
Thanks: 31,588 given, 94,575 received


Big Mike View Post
Tip


There will be a Live AMA session on Thursday, July 25th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/282447510




Mike

Reminder for this event.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #203 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,922 since Jun 2009
Thanks: 31,588 given, 94,575 received


AMA room open.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #204 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,922 since Jun 2009
Thanks: 31,588 given, 94,575 received

I want to thank Michael Patak @TopstepTrader for his time today to answer questions in the AMA.

The recording for the AMA is below. If you have additional questions, you can ask them here in this thread.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Attached Files
Register to download File Type: flv ama-topsteptrader-jul25-2013.flv (34.68 MB, 208 views)
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #205 (permalink)
Houston, TX/USA
 
Experience: Beginner
Platform: Sierra Chart
Broker: Sierra Charts Data Feed
Trading: Futures
 
Chrismind's Avatar
 
Posts: 68 since May 2013
Thanks: 40 given, 101 received

I asked a question in the Q&A that I wasn't very clear about. Let me try to rephrase.......

I wish I could find the quote that I heard or read somewhere, but let me paraphrase. It went something like this....."If you want to be funded, we obviously have options for that. And if you want to trade your own account, then we have options for that as well".

Maybe I'm just imagining things, but I thought I read that somewhere, in regards to TST. Big Mike, NO I am not wanting to give my money to TST, lol, as you thought I was asking in the AMA. I guess I thought maybe they had some options out there for trading your own money along side their money. I guess if I wanted to trade my own account while trading for TST, then I could just do that on my own.

Anyways, sorry for the confusion and hopefully that clears up my question.

Reply With Quote
The following user says Thank You to Chrismind for this post:
 
(login for full post details)
  #206 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 48,922 since Jun 2009
Thanks: 31,588 given, 94,575 received

What did everyone think of the AMA?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #207 (permalink)
Site Moderator
Sarasota FL
 
Experience: Intermediate
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 5,735 since Jan 2013
Thanks: 44,738 given, 19,376 received


Big Mike View Post
What did everyone think of the AMA?

Mike

Informative. And filled with good advice about trading that many people will not take (control your losses, manage your risk, don't concentrate on the profits....)

I like these Topstep guys.

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
(login for full post details)
  #208 (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


Chrismind View Post
I asked a question in the Q&A that I wasn't very clear about. Let me try to rephrase.......

I wish I could find the quote that I heard or read somewhere, but let me paraphrase. It went something like this....."If you want to be funded, we obviously have options for that. And if you want to trade your own account, then we have options for that as well".

Maybe I'm just imagining things, but I thought I read that somewhere, in regards to TST. Big Mike, NO I am not wanting to give my money to TST, lol, as you thought I was asking in the AMA. I guess I thought maybe they had some options out there for trading your own money along side their money. I guess if I wanted to trade my own account while trading for TST, then I could just do that on my own.

Anyways, sorry for the confusion and hopefully that clears up my question.

Chrismind- The opportunity at TST is the possibility of getting funded. If you earn a funded account you'll be financially backed by our equity partner - and that trading account will include NO capital contribution on your part.

Obviously, if you want to trade your own personal account, separately, that's fine. But to clarify TST and any of our equity partners will never ask or accept your trading capital.

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.
Follow me on Twitter Visit my Facebook Reply With Quote
The following 2 users say Thank You to TopstepTrader for this post:
 
(login for full post details)
  #209 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 260 since Oct 2012
Thanks: 202 given, 446 received

So as per the new rules vs old rules is this right ----

Old rule 10/20 day minimum out of 30/60 calendar days and you could trade upto a max 30/60 calendar days to meet your profit objective. Essentially you had 30 calendar days to meet your 10 day profit objective.

New rule-you pick 10/20 days minimum out of 30/60 calendar days and any day you trade counts against you and now you have 10 or 20 trading days (you pick) to meet your profit objective.

Is this right ?

Seems like a step backward from traders perspective. If they got it right they had 10 days earlier to complete the profit objective and if it didn't go right they still had the 30 calendar days to get it in order. If they get it right they still have to trade the minimum 10 days like earlier. 20 day seems more like it.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to garyboy275 for this post:
 
(login for full post details)
  #210 (permalink)
wa/ usa
 
Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Trading: CL ES 6C 6E
 
Posts: 260 since Oct 2012
Thanks: 202 given, 446 received



Big Mike View Post
What did everyone think of the AMA?

Mike

Good questions and thanks to MP for answering them. Just caught the recording now.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to garyboy275 for this post:


futures io Trading Community Trading Reviews and Vendors > TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)


June 22, 2020


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 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