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TopstepTrader's Michael Patak (President) - Ask Me Anything (AMA)
Started:February 8th, 2013 (07:49 PM) by Big Mike Views / Replies:113,159 / 875
Last Reply:December 7th, 2016 (07:05 PM) Attachments:14

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TopstepTrader's Michael Patak (President) - Ask Me Anything (AMA)

Old July 1st, 2014, 09:04 PM   #371 (permalink)
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bobwest View Post
Hi @PK007,

I hope I didn't beat on this poor dead horse too hard. If I did, I'm sorry.

But the point that you only have income from this account when you are paid by TsT for trading it, is pretty important.

Bob.

Thanks for your post Bob. Very well explained.

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Old July 2nd, 2014, 12:18 PM   #372 (permalink)
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@TopstepTrader

Will the new ninjatraderbrokerage affect the availability of ninjatrader in

a) the combine
b) the live account

in any negative way?

Regards
ST

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Old July 2nd, 2014, 12:54 PM   #373 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Siera Chart, Market Delta, Esignal, FXCM, R trader Pro
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Scalpingtrader View Post
@TopstepTrader

Will the new ninjatraderbrokerage affect the availability of ninjatrader in

a) the combine
b) the live account

in any negative way?

Regards
ST

Scalpingtrader- Currently, I have been told this will not affect anything with our recruits or traders. If this changes I will update you all.

mp

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.
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Old July 2nd, 2014, 01:01 PM   #374 (permalink)
 Vendor: www.topsteptrader.com 
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Posts: 192 since Feb 2013
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Optimus Trading Group and TopstepTrader Webinar

All,

We were invited by Optimus Trading Group to speak about the Characteristics of Successful Traders through our team's observation over the last 4 years. Both John Hoagland, Director of Trader Development, and I will be speaking.

It starts at 3:30pm CST. If you are interested in tuning in here is a link:

https://tradingroom.clickwebinar.com/Characteristics_of_Success__Observations_fr...229a3e2f564872b012d4faaa

It should be a good discussion.

mp

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.
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Old July 3rd, 2014, 08:58 AM   #375 (permalink)
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Are you a NinjaTrader user?

 

Zondor View Post
Despite looking on the Topstep website and elsewhere, I have been unable to locate any information about what Topstep or PTP consider to be reasonable success metrics for their Funded Traders in terms of being able to make a living, or any information about the number of funded traders, if any, who are making enough money from their trading of Patak equity to live on. Kindly let me know where I might find this information..

I didnīt find this most important question about the actual number and financial success of consistantly profitable fulltime traders "for a living" at topstep answered. So how many funded traders actually are able to make a living fulltime trading with topstep (average 4 digit withdrawals per month, no total performance numbers/breach of privacy needed, just how many are able to earn a salary-like return on the efforts)?

How much time does a profitable and willing fulltime-trader, that is able to meet all combine requirements, have to invest in average at topstep 1.) till being funded and 2.) to reach this, in average monthly 4-digit withdrawal goal? I am shure you watch these metrics closely and are able to show by numbers that the intended win-win partnership really works out for those seriously dedicated to work with topstep.

The live traderīs prep after the combine seems to be something that is decided by the full discretion of topstep, necessity and duration, right?


These would be the most important metrics for me after wasting my own money and time to learn the game before willing to invest even more time and money to get funded as prop/hedgefund trader without fixed income.


Last edited by CFuture; July 3rd, 2014 at 09:42 AM. Reason: typo
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Old July 3rd, 2014, 01:58 PM   #376 (permalink)
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Instead of focusing on what others are doing, may I suggest you focus on yourself.

I've said from the beginning that I personally find the true value in TST to be the discipline of the program, its structure, its reporting, etc. Not in being funded.

Going through the program forces you to trade in a structured way, something most people will benefit from enormously.

After completing it, you should have an excellent idea where your strengths and weaknesses lie.

Even if you pass the combine, I believe the greatest "prize" is for yourself and not for the funding. I do know that a lot of people disagree with me, but personally I believe those people are too focused on the money and not enough on the discipline.

With discipline and structure, a trader can make a respectable living in time, even with a small account (of their own money).

Mike

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Old July 3rd, 2014, 05:05 PM   #377 (permalink)
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Platform: NinjaTrader, CTS (T4), Siera Chart, Market Delta, Esignal, FXCM, R trader Pro
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Big Mike View Post
Instead of focusing on what others are doing, may I suggest you focus on yourself.

I've said from the beginning that I personally find the true value in TST to be the discipline of the program, its structure, its reporting, etc. Not in being funded.

Going through the program forces you to trade in a structured way, something most people will benefit from enormously.

After completing it, you should have an excellent idea where your strengths and weaknesses lie.

Even if you pass the combine, I believe the greatest "prize" is for yourself and not for the funding. I do know that a lot of people disagree with me, but personally I believe those people are too focused on the money and not enough on the discipline.

With discipline and structure, a trader can make a respectable living in time, even with a small account (of their own money).

Mike

We would agree with Big Mike. We don't promote the herd mentality since trading really is an individualized sport. We tend not to speak of our funded traders as a group because in the end, how they're performing is in no way indicative of you how you'll perform.

TopstepTrader provides the opportunity but cannot guarantee the outcome. On average, we fund 2-3 traders per week, but we don't give details of their earnings as that is private information.

We have an open free chat room that has hundreds of traders from guest, to those in the Combine and Funded that you are more than welcome to ask for more details. http://www.topsteptrader.com/chat

I hope that helps.

mp

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.
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Old July 3rd, 2014, 06:16 PM   #378 (permalink)
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TopstepTrader View Post
All,

We were invited by Optimus Trading Group to speak about the Characteristics of Successful Traders through our team's observation over the last 4 years. Both John Hoagland, Director of Trader Development, and I will be speaking.

It starts at 3:30pm CST. If you are interested in tuning in here is a link:

https://tradingroom.clickwebinar.com/Characteristics_of_Success__Observations_fr...229a3e2f564872b012d4faaa

It should be a good discussion.

mp

Mike, We have received a really good feedback about your webinar. I hope to have you in the future again.
Thank you for all the effort!

Happy 4th!

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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Old July 4th, 2014, 04:25 AM   #379 (permalink)
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mattz View Post
Mike, We have received a really good feedback about your webinar. I hope to have you in the future again.
Thank you for all the effort!

Happy 4th!

Matt

Hi Matt,

Is a webinar recording available anywhere? I checked on your youtube page but it isn't there.

Much appreciated.

You don’t trade the markets; you only trade your beliefs about the markets.
- Van K Tharp
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Old July 4th, 2014, 12:09 PM   #380 (permalink)
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Haifa Israel
 
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Collaboration of Optimus with TopStepTrader


As a satisfied customer of Optimus I was very glad to hear about the collaboration of Optimus with TopStepTrader but I would like to hear a little more details about how it works. What data feeds will be available ? Who will be in charge of tech support ? etc... ?

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