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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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  #821 (permalink)
Boston, MA
 
 
Posts: 264 since Apr 2014


Quoting 
If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the BMT "Ask Me Anything" thread.

Hi Mr. Michael, I had a question that I do not think was asked yet...

On TST's website, there is this statement from the Combine FAQ...

"Overnight trading is permitted, although positions must be closed prior to a product’s electronic market close."

If a position must be closed before the market closes, how is overnight trading permitted?

What is TST's definition of "overnight trading?"

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  #822 (permalink)
Atlanta GA USA
 
 
Posts: 264 since Aug 2013
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HoopyTrading View Post
Hi Mr. Michael, I had a question that I do not think was asked yet...

On TST's website, there is this statement from the Combine FAQ...

"Overnight trading is permitted, although positions must be closed prior to a productís electronic market close."

If a position must be closed before the market closes, how is overnight trading permitted?

What is TST's definition of "overnight trading?"

That means you have to close your position before the market closes in the afternoon. Once it reopens, then you can get back in and trade/hold overnight. They just don't want you still in the trade when the market shuts down in the afternoon and before it reopens.

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  #823 (permalink)
Wherever I want to be
 
Experience: Intermediate
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Posts: 91 since Jun 2015
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How long does it usually take, after meeting the combine goals, for them to start your funded trader preparation?

I ask because I have met and passed the 30K combine goals last week but was not notified of anything related to starting the next process. I even emailed them about starting the FTP yesterday morning but have not received any answers yet?

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  #824 (permalink)
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Opstar View Post
How long does it usually take, after meeting the combine goals, for them to start your funded trader preparation?

I ask because I have met and passed the 30K combine goals last week but was not notified of anything related to starting the next process. I even emailed them about starting the FTP yesterday morning but have not received any answers yet?

anybody?

I still haven't heard back from TST after passing my 30K combine.

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  #825 (permalink)
New York, NY
 
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Opstar View Post
anybody?

I still haven't heard back from TST after passing my 30K combine.

You do have to email them at funding@topsteptrader.com to review your combine. They won't monitor it automatically - they only do that for the FTP stage, I believe.

Once you email that address, my experience is they get back to you the next business day.

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  #826 (permalink)
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gatortick View Post
You do have to email them at funding@topsteptrader.com to review your combine. They won't monitor it automatically - they only do that for the FTP stage, I believe.

Once you email that address, my experience is they get back to you the next business day.

ohh thank you! I emailed the support team but they didn't get back to me. I'll try the above email address

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  #827 (permalink)
Chicago, IL
 
Experience: Advanced
Platform: TSTrader, NinjaTrader...
Trading: ALL- Futures, Forex, Equities
 
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Posts: 246 since Feb 2013
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Hi @Opstar,

@gatortick is correct, once you email funding@topsteptrader.com the Funding Team will review your Trading Combine and if you've met the objective, set up your Funded Trader Preparation account within 24 business hours. But regardless, you can expect an email response within 24 business hours.

If you have any questions regarding the status of your request feel free to contact us directly at 888-407-1611.

Trade well,

Michael

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.
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  #828 (permalink)
Wartrace,TN usa
 
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In the webinar the host mentioned a funded trader is issued a 1099. Is this a 1099B or is it a 1099 misc where you would pay regular tax rates on earnings and also the self employed payroll taxes?

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  #829 (permalink)
Dallas, TX, USA
 
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I just learned that I can't do 15 days trail period using Multicharts is it true? If yes, what are my alternatives? I just want to run a trail instead of spending money and directly jumping into combine using Multicharts.

Thanks

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  #830 (permalink)
Cardiff, South Wales
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES, CL
 
Posts: 105 since May 2013
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Hi,

I started my $50k Combine today.

Does the data feed during the combine include NYSE TICK data?

Thanks

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