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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)

  #941 (permalink)
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there is a real good reason they will not answer the questions


emini2000 View Post
Really?ion


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tionseople
we all no why, the answer would not be good for sales. if the answers was good for sales, you would see it plastered on adds that fallow you to your face book page. i think the answer is 0 to both questions ..i am glad some other people have questioned the the concept. the concept should be questioned and debated. not just lets all drink a the cool aid .

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  #942 (permalink)
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Nothing will work if your unhinged.

Hardly a point to this post but maybe of use to some older guys?

I went through the exercise of the 15 day trial with my assistant's friend "Jonny" who is retired & just over 60. Busy, I could only do some days.

I showed him how to trade using no more than 4 cars for a couple of hours a session together and did fine (days marked R).

No surprise, I have 3 years experience in scalping. TST seemed perfectly do-able to me despite the high pro data rates and fees taking a wet bite, but on Ninja to do much better you you have to buy a lifetime license for 1k so swings and roundabouts. ES is decently priced at NT lifetime? CL would be better closer to $4.28 RT but $4.58 is not insane. If you can trade well, you could build some money no problem, there is no snag that I see beyond talent.

Anyway back to Jonny, we were not expecting him to perform well, no beginner would however... Despite being an intelligent man who had a technically complex and very responsible (for lives) job before retiring, every day Jonny had the reigns unsupervised, he got unhinged with the 15 cars available in the trial. He revenge traded or Martingale-d (which he figured out really quickly) to blow out the 3k daily limits in no time. Shouting at the screen like a sports fan. He rationalised ignoring the agreement to limit to 4 cars max, if more were available he just dipped into that reserve. It all seemed completely reasonable to him in the moment anyway. Runaway train.

It was a bit of a mystery to us both after the THIRD -3k red box (attached), that he could not use self-control repeating moments of near berserk madness. His beard was growing ok but we had his hormone levels checked (the joys of living in Colombia, medicine costs almost nothing) and found his estrogen was really high when we had assumed it was low testosterone. It seems the two can be difficult to tell apart from symptoms in men, one can even have other issues caused by abnormally low estrogen (men have a little normally).

He said it fine to share that detail of course, he is not a shy guy anyway. He has started a prescribed estrogen blocker and already a changed man. We shall put him through the TST behavioral test (aka combine) maybe in a week.

So I'd say, yeah if you are a good trader you can make it with TST handily. If your learning your learning so watch "Eddie the Eagle" when you feel down

That in some I guess rare cases (I don't encourage people to look for excuses), someone older who certainly should be a potentially good trader (by work history match etc) was hampered by age-related physical reasons is worth bearing in mind.

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Last edited by Rory; April 23rd, 2017 at 09:23 PM.
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  #943 (permalink)
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Rory View Post
Hardly a point to this post but maybe of use to some older guys?

I went through the exercise of the 15 day trial with my assistant's friend "Jonny" who is retired & just over 60. Busy, I could only do some days.

I showed him how to trade using no more than 4 cars for a couple of hours and did fine (days marked R).

No surprise, I have 3 years experience in scalping. TST seemed perfectly do-able to me despite the high pro data rates and fees taking a wet bite, but on Ninja to do much better you you have to buy a lifetime license for 1k so swings and roundabouts. ES is decently priced at NT lifetime? CL would be better closer to $4.28 RT but $4.58 is not insane. If you can trade well, you could build some money no problem, there is no snag that I see beyond talent.

Anyway back to Jonny, we were not expecting him to perform well, no beginner would however... Despite being an intelligent man who had a technically complex and very responsible (for lives) job before retiring, every day Jonny had the reigns unsupervised, he got unhinged with the 15 cars available in the trial. He revenge traded or Martingale-d (which he figured out really quickly) to blow out the 3k daily limits in no time. Shouting at the screen like a sports fan. He rationalised ignoring the agreement to limit to 4 cars max, if more were available he just dipped into that reserve. It all seemed completely reasonable to him in the moment anyway. Runaway train.

It was a bit of a mystery to us both after the THIRD -3k red box (attached), that he could not use self-control repeating moments of near berserk madness. His beard was growing ok but we had his hormone levels checked (the joys of living in Colombia, medicine costs almost nothing) and found his estrogen was really high when we had assumed it was low testosterone. It seems the two can be difficult to tell apart from symptoms in men, one can even have other issues caused by abnormally low estrogen (men have a little normally).

He said it fine to share that detail of course, he is not a shy guy anyway. He has started a prescribed estrogen blocker and already a changed man. We shall put him through the TST behavioral test (aka combine) maybe in a week.

So I'd say, yeah if you are a good trader you can make it with TST handily. If your learning your learning so watch "Eddie the Eagle" when you feel down

In some I guess rare cases (I don't encourage people to look for excuses), that someone older who certainly should be a potentially good trader (by work history match etc) however was hampered by age-related physical reasons is worth bearing in mind.






By match I mean compete with the fact that they don't have funded trader prep. It wasn't a dis on tst I'm just wondering... also, I didn't think oneuptrader was garbage -even though it is a ripoff of tst- because mes is backing it, and they have funded traders in the past. It's for sure sketch that they've said they'd launch three times now. If they don't launch in April I'm out...


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  #944 (permalink)
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Raider View Post
By match I mean compete with the fact that they don't have funded trader prep. It wasn't a dis on tst I'm just wondering... also, I didn't think oneuptrader was garbage -even though it is a ripoff of tst- because mes is backing it, and they have funded traders in the past. It's for sure sketch that they've said they'd launch three times now. If they don't launch in April I'm out...

Hi Raider, I was not referencing your posts in mine. Just adding to the heap of comments as I was doing the Sunday opening trades.

Name copycats rarely last long though, if TST have taken even basic IP precautions they will bring the hammer down.. it seems silly. Naughtysteptrader (c) 2017

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  #945 (permalink)
 Vendor: www.topsteptrader.com 
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pavanb15589 View Post
I am looking at the below configuration on an Ultrabook for my Trading with Ninjatrader (With TopStepTrader).

7th Generation Intel Core i3-7100U Processor (2.4GHz, 3MB L3 Cache)
14" Full HD (1920 x 1080) Widescreen LED-backlit Display
4GB DDR4 Onboard Memory, 128GB SSD
Windows 10 Home

Is this enough or should I go for a higher Memory and i5 Processor. This falls into my budget. Currently I work on a desktop with 8GB Ram and 4th Gen i5 Processor.


Please advice..!!



Thanks for reaching out! Per NinjaTrader's support site:

To run NinjaTrader version 7, your system must meet these specifications:

• Windows 7, Windows 8, Windows 10, Windows Server 2008 w/ Platform Update, Windows Server 2008 R2 or later
• Minimum screen resolution of 1024 x 768
• Minimum P4 Processor or higher
• 2GB RAM
• Microsoft .NET Framework 3.5

To run NinjaTrader version 8, your system must meet these minimum requirements:

• 1 gigahertz (GHz) or faster 32-bit or 64-bit processor
• 2GB RAM
• Microsoft .NET Framework 4.5
• (pre-installed on most PC’s and can be downloaded here: Microsoft .NET Framework)
• Screen resolution of 1024 x 768
• DirectX10 compatible graphics card highly recommended

Hope this helps!

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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  #946 (permalink)
 Vendor: www.topsteptrader.com 
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Raider View Post
Hello, I'm wondering if the introduction of competition in this market place is perceived as a good thing by topsteptrader? Although it hasn't been launched, has topsteptrader considered matching Oneuptrader in certain ways if they come to market?

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Tymbeline View Post
A little ironic, perhaps, to talk about TSt "matching" some people who have stolen so much content directly from their site? These purported "TST copycats" seem to start up three or four times a year, often (like this one) copying TST's structure identically or almost identically, and often (like this one) copying many whole paragraphs or even whole pages from TST's website, word for word.

Except without the lists of hundreds of successfully funded traders, of course - they never have that. In fact, I've never yet heard of one going on to become established and paying out earnings to a single trader.

You have to feel sorry for TST? It's evidently because they've thought up and so professionally executed this business model for so long that their success in getting traders funded and earning has now gradually spawned a never-ending succession of scammy imitators, all of which - so far - sink without trace (but often having swallowed a lot of "trial fees" in the process). And because of that, the whole "industry" they more or less started themselves, in their format anyway, is acquiring something of a scammy reputation, and some of the misinformation and ill-informed prejudice about TST itself, arising indirectly from that reality, is pretty disappointing.

Maybe this "OneUp" one will prove to be the first ever exception (irony intentional)?

If I ran TST, I really don't know whether I'd be ignoring them completely, watching them with bemusement, or serving DMCA copyright notices against their hosting companies for all the duplicate sites. I'm not sure I'd want to comment in public, though, whatever they think.


Thank you for the question, Raider. Tymbeline, that was a very well worded response. We appreciate the thought that went into that.

To address OneUp Trader, we welcome competition. It further validates us as the market leader and ensures we never get complacent. We're confident our product and support will win in the marketplace. We appreciate the loyalty we have from our traders and are not concerned by other entrants to the market. We hope this helps give some clarity on where TopstepTrader stands with this issue. Trade Well.

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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  #947 (permalink)
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Rory View Post
Hardly a point to this post but maybe of use to some older guys?

I went through the exercise of the 15 day trial with my assistant's friend "Jonny" who is retired & just over 60. Busy, I could only do some days.

I showed him how to trade using no more than 4 cars for a couple of hours a session together and did fine (days marked R).

No surprise, I have 3 years experience in scalping. TST seemed perfectly do-able to me despite the high pro data rates and fees taking a wet bite, but on Ninja to do much better you you have to buy a lifetime license for 1k so swings and roundabouts. ES is decently priced at NT lifetime? CL would be better closer to $4.28 RT but $4.58 is not insane. If you can trade well, you could build some money no problem, there is no snag that I see beyond talent.

Anyway back to Jonny, we were not expecting him to perform well, no beginner would however... Despite being an intelligent man who had a technically complex and very responsible (for lives) job before retiring, every day Jonny had the reigns unsupervised, he got unhinged with the 15 cars available in the trial. He revenge traded or Martingale-d (which he figured out really quickly) to blow out the 3k daily limits in no time. Shouting at the screen like a sports fan. He rationalised ignoring the agreement to limit to 4 cars max, if more were available he just dipped into that reserve. It all seemed completely reasonable to him in the moment anyway. Runaway train.

It was a bit of a mystery to us both after the THIRD -3k red box (attached), that he could not use self-control repeating moments of near berserk madness. His beard was growing ok but we had his hormone levels checked (the joys of living in Colombia, medicine costs almost nothing) and found his estrogen was really high when we had assumed it was low testosterone. It seems the two can be difficult to tell apart from symptoms in men, one can even have other issues caused by abnormally low estrogen (men have a little normally).

He said it fine to share that detail of course, he is not a shy guy anyway. He has started a prescribed estrogen blocker and already a changed man. We shall put him through the TST behavioral test (aka combine) maybe in a week.

So I'd say, yeah if you are a good trader you can make it with TST handily. If your learning your learning so watch "Eddie the Eagle" when you feel down

That in some I guess rare cases (I don't encourage people to look for excuses), someone older who certainly should be a potentially good trader (by work history match etc) was hampered by age-related physical reasons is worth bearing in mind.

Thanks for sharing, Rory. This could be very helpful to other traders. We look forward to seeing your friend in the Trading Combine®!

Trade Well

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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  #948 (permalink)
 Vendor: www.topsteptrader.com 
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forgiven View Post
tionseople
we all no why, the answer would not be good for sales. if the answers was good for sales, you would see it plastered on adds that fallow you to your face book page. i think the answer is 0 to both questions ..i am glad some other people have questioned the the concept. the concept should be questioned and debated. not just lets all drink a the cool aid .


emini2000 View Post
Really?


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Thank you all for sharing your concerns @Renkotrader, @emini2000, and @forgiven. We never want to hide information from our users, however our traders have the choice to opt out of our monthly highlight emails. We share with the public, what our traders are comfortable with. We always want to post about our traders’ success, but that is up to the discretion of the trader. The best interest of our traders always comes first.

Knowing how well someone else does in the markets does not dictate how another person will perform. We share with our users information that is relevant to their individual success. Comparing one person’s success to another person’s success isn’t helpful to anyone. Success is personal.

We apologize that we are not providing what you’re specifically looking for, but we hope you understand the sensitivity associated with this question. Please feel free to reach out to individual traders and ask them about their success. They are at their own liberty to share with you what they are comfortable with.

Trade Well

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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  #949 (permalink)
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spoken like a true trading vendor

you release what you want to release. the driving factor is what sells more trading stuff. that is o.k , that is what i would do. how long a trader stays funded is a better measurement of how good your program real is. just the fact you will not release that information tells me all i need to know.


Last edited by forgiven; May 8th, 2017 at 06:26 PM. Reason: spelling
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  #950 (permalink)
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@TopstepTrader

I tried to explain, what I miss. We are getting sensitive informations from you about the earnings from your best traders - no problems with "personal informations".

But if I ask for a income average or how many traders are active in your company or how long is the average time for a funded traders in staying in or how much combine startings does all traders needs in average to getting real funded or or or... - then you are giving no answer. And the reason is "its a tooooo private information from our traders and customers, that we have to protect".

Aha. Hmm. I dont know, but in Germany I am used to get clear answers or to give clear answers. Your explaining is for me not clear. Its like picking the raisins out of a pott.

I know, its difficult to reach the target as funded trader. And to stay in its hard, too. In telling the truth about its in percents or in absolute numbers I would get no shock. But then I could respect you in a real good way. So I am having the feeling, that there is much fake. No fair game, because you are hiding important informations against your customers they ask for.

Best regards,
Renkotrader

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