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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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  #331 (permalink)
Legendary Amateur Trader
Hanover, Germany
 
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daytrader07 View Post
Is the 20 day combine gone? I only see 10 days on the site.

jep. it's 10 days only from now on (unless you did a 20 day combine before the change, which you would know as you would've gotten an e-mail in that regard)
however the profit goals were lowered so that it's easier to meet the combine targets even within 10 days.


sands View Post
Is it possible to hold positions overnight or is the program limited to intra-day only?

intraday only. check here for detailes information regarding allowed products and times.

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  #332 (permalink)
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daytrader07 View Post
Is the 20 day combine gone? I only see 10 days on the site.

Yes, they have changed to a standard 10-day period. (People who have previously done 20-day Combines have been grandfathered in, and can still do them; there was an email on this sent to those who qualify.)

Discussion by Michael Patak is in another thread here:

https://futures.io/vendors-product-reviews/11360-anybody-heard-topsteptrader-review-44.html#post409866

You can still set up a custom combine for 20 days (or more!) if you request it and if it is approved:


TopstepTrader View Post
Lastly, traders can and always will be able to contact us to customize a Trading Combine which will allow them to have 20 or more trading days. Customizing allows us to work with anyone to find the account parameters, duration and objective that best fits with their trading to ensure everyone has an equal opportunity for success.

Hope that clarifies things a bit.

mp

It's worth checking out the discussion on that thread to fill in the details.

Hope this sheds some light....

Bob.

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  #333 (permalink)
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Experience: Advanced
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Theodutchtrader View Post
Does anybody have information how you as a junior or seniortrader be paid? Is this ones a month or two times a months.
I can't find any information on the site of topsteptrader.

Theodutchtrader- Senior traders can take withdraws up to twice per month. Sorry for the delay. I had overlooked this thread as I wasn't subscribed for the notifications.

mp

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  #334 (permalink)
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All,

I wanted to officially announce that we have lowered the profit targets as listed in the email/image below that went out on Friday to those in the TopsepTrader community.

I am very excited about this for a couple reasons, first I am a trader and feel these are very achievable with discipline, patience and a good trading plan. Second, with the exceptional performance this year from our Funded Traders we are able to get more approved by our Equity Partner.

Contact support@topsteptrader.com or 888.407.1611 with any questions.

Trade well and always trade for tomorrow.

mp


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  #335 (permalink)
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Scalpingtrader View Post
jep. it's 10 days only from now on (unless you did a 20 day combine before the change, which you would know as you would've gotten an e-mail in that regard)
however the profit goals were lowered so that it's easier to meet the combine targets even within 10 days.



intraday only. check here for detailes information regarding allowed products and times.

Scalpingtrader- We still have the 20 day option available to anyone. We just stream lined what is displayed on the site as first time vistiors were getting confused with multiple options and most funded traders come from the 10 day Combine.

You would need to contact us to customize your Combine if you want a duration that is 20 days or longer.

Hope that helps.

mp

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  #336 (permalink)
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Manta, Ecuador
 
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Tip


There will be a Live AMA session with Michael Patak of TopstepTrader on Wednesday, June 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/511677702




Mike

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  #337 (permalink)
Site Administrator
Manta, Ecuador
 
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Posts: 48,916 since Jun 2009
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Reminder for tomorrow's AMA.

Mike

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  #338 (permalink)
Site Administrator
Manta, Ecuador
 
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Posts: 48,916 since Jun 2009
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Reminder for today's AMA.

Mike

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  #339 (permalink)
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Manta, Ecuador
 
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Big Mike's Avatar
 
Posts: 48,916 since Jun 2009
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The AMA is now open.

Mike

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Thanks: 31,588 given, 94,562 received


I want to thank Michael Patak @TopstepTrader for today's AMA. Below is the recording:



Mike

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June 22, 2020


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