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 233 posts (577 thanks)
    2. looks_two bobwest with 104 posts (258 thanks)
    3. looks_3 Big Mike with 47 posts (161 thanks)
    4. looks_4 emini2000 with 36 posts (16 thanks)
      Best Posters
    1. looks_one Big Mike with 3.4 thanks per post
    2. looks_two DarkPoolTrading with 2.8 thanks per post
    3. looks_3 TopstepTrader with 2.5 thanks per post
    4. looks_4 bobwest with 2.5 thanks per post
    1. trending_up 260,983 views
    2. thumb_up 1,889 thanks given
    3. group 375 followers
    1. forum 1,152 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)
  #31 (permalink)
Site Sponsor

Web: TopstepTrader
AMA: Ask Me Anything
Webinars: TopstepTrader Webinars
Elite offer: Click here
 
 
TopstepTrader's Avatar
 
Posts: 259 since Feb 2013
Thanks: 63 given, 703 received


David_R View Post
Mike.

I was wondering why the IDT will now be $500 with a 10 day 50k combine included instead of just offered independantly. Additionally, and more importantly, why is the increased profit split of 65/35 being eliminated? Wasn't it already reduced from 70/30?

D

David_R- IDT and other educational courses are partnerships we make with outside educators. The cost of $500 is what Ray charges on his site. We will be dropping the profit split for all educational courses and adding a complimentary Combine invite on all our educational courses (more to come) offered by our outside educators. This will allow traders to get an education of their choice and a shot for funding at the same time. The better profit split does nobody any good if that trader cannot get live and stay live. Having sound education and the Combine together will give that trader the best shot to get themselves on a funded account and stay profitable.

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 3 users say Thank You to TopstepTrader for this post:

Can you help answer these questions
from other members on futures io?
Degiro Negative Balance Advice
Traders Hideout
Thinkscript for scanning in Option Hacker
ThinkOrSwim
How to search for a symbol's closing value
EasyLanguage Programming
I have segregated my investment and trading
Psychology and Money Management
QDEL
Stocks and ETFs
 
Best Threads (Most Thanked)
in the last 7 days on futures io
VWAP for stock index futures trading?
57 thanks
Price Action Kewltech Style
20 thanks
Coronavirus COVID-19
19 thanks
Trying to locate prop firm that purchased my automated trading system
11 thanks
Bitten by FOMC
8 thanks
 
(login for full post details)
  #32 (permalink)
San Jose, Ca
 
Experience: Beginner
Platform: Ninja
Broker: AMP/CQG
Trading: Something moving
 
David_R's Avatar
 
Posts: 1,516 since Nov 2009
Thanks: 2,276 given, 2,409 received


TopstepTrader View Post
David_R- IDT and other educational courses are partnerships we make with outside educators. The cost of $500 is what Ray charges on his site. We will be dropping the profit split for all educational courses and adding a complimentary Combine invite on all our educational courses (more to come) offered by our outside educators. This will allow traders to get an education of their choice and a shot for funding at the same time. The better profit split does nobody any good if that trader cannot get live and stay live. Having sound education and the Combine together will give that trader the best shot to get themselves on a funded account and stay profitable.

mp

Thanks, makes sense.

D

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to David_R for this post:
 
(login for full post details)
  #33 (permalink)
Kalamazoo, Michigan
 
Experience: Beginner
Platform: NinjaTrader
Broker: AMP/CQG
Trading: TF, GC, 6E
 
ryanmcc15's Avatar
 
Posts: 11 since Jul 2011
Thanks: 25 given, 4 received


Hi Mike,

I was wondering if we could get an update on how things are going with NinjaTrader. Is it still on track to be available at the end of the month?

Ryan

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to ryanmcc15 for this post:
 
(login for full post details)
  #34 (permalink)
Site Sponsor

Web: TopstepTrader
AMA: Ask Me Anything
Webinars: TopstepTrader Webinars
Elite offer: Click here
 
 
TopstepTrader's Avatar
 
Posts: 259 since Feb 2013
Thanks: 63 given, 703 received


ryanmcc15 View Post
Hi Mike,

I was wondering if we could get an update on how things are going with NinjaTrader. Is it still on track to be available at the end of the month?

Ryan

Ryan- Our company gets an update today as we are working with the back-end provider and at the mercy of their programmers. Last I heard it looked like things would be ready in the coming weeks.

We are just as anxious as anyone to add the NT platform to our Combine. I will update this thread when I hear more.


Have a great weekend,

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 3 users say Thank You to TopstepTrader for this post:
 
(login for full post details)
  #35 (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
Thanks: 4,260 given, 2,529 received


TopstepTrader View Post
Ryan- Our company gets an update today as we are working with the back-end provider and at the mercy of their programmers. Last I heard it looked like things would be ready in the coming weeks.

We are just as anxious as anyone to add the NT platform to our Combine. I will update this thread when I hear more.


Have a great weekend,

mp


Take your time brother.... I would rather have it right, not just have it.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to tderrick for this post:
 
(login for full post details)
  #36 (permalink)
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,231 since Sep 2011
Thanks: 1,217 given, 1,700 received


tderrick View Post
Take your time brother.... I would rather have it right, not just have it.

Exactly what I was thinking...

Reply With Quote
The following 2 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #37 (permalink)
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,319 received

@TopstepTrader, perhaps in the next AMA session you could go through all the structure and price changes that are busy happening, and the thinking behind them:
- Price increases
- No more increased profit split for those completing the IDT
- No more member discount for combines
- Squawk radio no longer free
- Can a combine still be rolled over?

thanks.

Diversification is the only free lunch
Follow me on Twitter Visit my Facebook Reply With Quote
The following 2 users say Thank You to DarkPoolTrading for this post:
 
(login for full post details)
  #38 (permalink)
Legendary Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
 
Daytrader999's Avatar
 
Posts: 1,231 since Sep 2011
Thanks: 1,217 given, 1,700 received


DarkPoolTrading View Post
@TopstepTrader, perhaps in the next AMA session you could go through all the structure and price changes that are busy happening, and the thinking behind them:
...
- No more increased profit split for those completing the IDT
....

Very interesting indeed, since I took the IDT course myself a couple of months ago and now I'm wondering whether or not the former profit split of max. 80/20 will still apply to me after successfully passing the Combine and the required account cushion has been build...


Edit: I just noticed Melissa's answer to my question here: https://futures.io/vendors-product-reviews/11360-anybody-heard-topsteptrader-review-39.html

So, former graduates of the IDT course will still receive the increased profit split of max. 80/20.

Thanks @mfootlick for clarifying.

Reply With Quote
The following 3 users say Thank You to Daytrader999 for this post:
 
(login for full post details)
  #39 (permalink)
Legendary Market Wizard
Cancun, Mexico
 
Experience: Advanced
Trading: Stock Index Futures / CFDs
 
Anagami's Avatar
 
Posts: 860 since Dec 2010
Thanks: 598 given, 1,885 received

Michael,

I hope you still check this thread to answer questions.

Is it possible to trade for TST out of Asia after passing the Combine? I'm thinking of retiring to Thailand and trading for you out of there.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
Reply With Quote
The following user says Thank You to Anagami for this post:
 
(login for full post details)
  #40 (permalink)
Site Sponsor

Web: TopstepTrader
AMA: Ask Me Anything
Webinars: TopstepTrader Webinars
Elite offer: Click here
 
 
TopstepTrader's Avatar
 
Posts: 259 since Feb 2013
Thanks: 63 given, 703 received



DarkPoolTrading View Post
@TopstepTrader, perhaps in the next AMA session you could go through all the structure and price changes that are busy happening, and the thinking behind them:
- Price increases
- No more increased profit split for those completing the IDT
- No more member discount for combines
- Squawk radio no longer free
- Can a combine still be rolled over?

thanks.

DarkPoolTrading and other futures.io (formerly BMT) members-

Just wanted to clarify a few things as I think there may be a bit of confusion. We have recently updated our website, changed the Membership program and launched TopstepTrader University (wahoo!) (including our new educational program: College of Trader Development).

All website changes are completed. If you are having any problems viewing the website, please clear your cache.
The cost of the Combine has NOT changed. The 10-Day and 20-Day Minimum Combine, with the standard Combine Objective (Profit Target and Scouting Criteria) is the same as it has been. There are no plans to increase the cost of the Combine.


Squawk Radio and Breaking News Service

The Squawk Radio and Breaking News Service is FREE to anyone enrolled in the 2-Week Trial, the Practice Trading Subscription, and the Combine. For those who are not enrolled in the program, a 2-Week Squawk Radio Trial is available for free. If someone who is not part of our program wishes to subscribe to the Squawk Radio, the cost is $65/month (which was just lowered from $100/month)

Membership Program redesigned into a Practice Trading Program

In response to recruit feedback, our Membership program has been restructured into a Practice program. Many recruits weren’t able to fully utilize membership benefits (discounts, coaching, etc.) because they were focusing more on practicing and developing trading skills. To account for this concern, we are lowering the subscription cost from $150/month to $100/month.

Practice Account for a Combine
To clarify, there is a difference between the Practice Trading Subscription and “adding” a practice account to a Combine. When adding a practice account to a Combine, the practice account is available only from the time the Combine begins to ends. Also, when adding a practice account, Trade Reports are not generated for the practice account, unlike with the Practice Trading Subscription. The cost for adding a practice account has always been and continues to be $30 for a 10-Day Minimum Combine and $50 for a 20-Day Minimum Combine.

Intuitive Development for Traders Changes
As for the changes for Intuitive Development for Traders .“IT and other educational courses we offer are through partnerships with outside educators. The cost of $500 is what Ray currently charges on his site (the price of IDT on his website will be increasing to $997).

The profit split has been dropped from all education courses, and instead we have added a complimentary 10-Day $50K Minimum Combine (a $175 value). This allows traders to get an education of their choice and a shot for funding at the same time. The better profit split does nobody any good if that trader cannot get live and stay live. Having sound education and the Combine together will give that trader the best shot to get themselves on a funded account and stay profitable. Of course, anyone who previously took IDT will still receive the increased profit split.

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 user says Thank You to TopstepTrader for this post:


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


September 21, 2020


Upcoming Webinars and Events
 

An Afternoon With futures io member TropicalTrader

Elite only
     



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