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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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  #471 (permalink)
South Africa
 
Experience: Intermediate
Platform: Tradetstation
Broker: Tradestation
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Posts: 27 since Mar 2013
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ArbTrader View Post
Do you have a timeline for adding EUREX products in combine?

Michael,

Any news on this? I'm sure a large number of traders will be interested.

PK

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  #472 (permalink)
Chicago, IL
 
Experience: Advanced
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PK007 View Post
Michael,

Any news on this? I'm sure a large number of traders will be interested.

PK

PK- Nothing new to update except that this is high on our priority list.

Will keep you posted on any updates.

Trade well,

Michael

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  #473 (permalink)
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
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What do you think about new combine with LTP rules ?


Reasoning behind it :

Lets say you try 10 times and you pass Combine with Combine rules and then LTP with additional rule that
makes it totally different, then its bad. To me it ment I cant trade CL like in first Continues Combine that I passed in 28 days

It would be better if you make 2 changes in Combine :
- additional rule daily loss limit = weekly loss limit
- and profit goal 1,5 x

If we add together Combine + LTP rules then that is actually what we need to pass before we can go LIVE.

Example 50'000 $ Continues Combine with 3000 $ target is actually 4500 $ as target + rule daily loss limit = weekly loss limit.

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  #474 (permalink)
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lemons View Post
What do you think about new combine with LTP rules ?


Reasoning behind it :

Lets say you try 10 times and you pass Combine with Combine rules and then LTP with additional rule that
makes it totally different, then its bad. To me it ment I cant trade CL like in first Continues Combine that I passed in 28 days

It would be better if you make 2 changes in Combine :
- additional rule daily loss limit = weekly loss limit
- and profit goal 1,5 x

If we add together Combine + LTP rules then that is actually what we need to pass before we can go LIVE.

Example 50'000 $ Continues Combine with 3000 $ target is actually 4500 $ as target + rule daily loss limit = weekly loss limit.

Lemons,

First off, thank you for the thoughts and ideas. For now this is what we see working for our traders but we are always willing to listen to good ideas.

Thank you again,

Hoag

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  #475 (permalink)
Tallinn, Estonia
 
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Posts: 931 since Nov 2010
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Lets be honest its is different ball game.

Lets take basketball, my favorite sport
In regular season free throw line = free throw line
but in play offs and finals free throw line = 3 point line

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  #476 (permalink)
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lemons View Post
Lets be honest its is different ball game.

Lets take basketball, my favorite sport
In regular season free throw line = free throw line
but in play offs and finals free throw line = 3 point line

Lemons,

The $10K and $30k Combines do not have weekly loss limits set when a trader advances to the Funded Account. If the weekly loss limit is a concern, we advise traders to enter one of these Combines.

I hope that helps.

Michael

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  #477 (permalink)
Tallinn, Estonia
 
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TopstepTrader View Post
Lemons,

The $10K and $30k Combines do not have weekly loss limits set when a trader advances to the Funded Account. If the weekly loss limit is a concern, we advise traders to enter one of these Combines.

I hope that helps.

Michael

Please confirm that max loss limit in 30 k = 1500 $ and if LTP needed then in LTP its also 1500 $
not cut in half like in 50 k Combine ?

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  #478 (permalink)
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lemons View Post
Please confirm that max loss limit in 30 k = 1500 $ and if LTP needed then in LTP its also 1500 $
not cut in half like in 50 k Combine ?

Lemons- I can confirm that the $30k has no weekly loss limit and the Max Drawdown is $1,500.

You can see greater detailed for Funded Accounts found in our "learn more" section. As you will notice there is no weekly loss limit for the $10k and $30k Funded Accounts (this is the same risk as LTP, which is now called Funded Trader Preperation (FTP)).

Let me know if you have any further questions.

Michael

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  #479 (permalink)
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
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Posts: 931 since Nov 2010
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TopstepTrader View Post
Lemons- I can confirm that the $30k has no weekly loss limit and the Max Drawdown is $1,500.

You can see greater detailed for Funded Accounts found in our "learn more" section. As you will notice there is no weekly loss limit for the $10k and $30k Funded Accounts (this is the same risk as LTP, which is now called Funded Trader Preperation (FTP)).

Let me know if you have any further questions.

Michael

Thank you

Now its clear

30 k Combine is the best option

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  #480 (permalink)
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lemons View Post
Thank you

Now its clear

30 k Combine is the best option

Glad we could clear that up. I hope you have a good weekend and trade well next week.

Michael

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