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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:113,173 / 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 April 3rd, 2013, 02:49 PM   #61 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Siera Chart, Market Delta, Esignal, FXCM, R trader Pro
Favorite Futures: ALL- Futures, Forex, Equities
 
TopstepTrader's Avatar
 
Posts: 192 since Feb 2013
Thanks: 40 given, 584 received


TraderG View Post
When are you planning to add TF - mini Russel 2000 to your combine?

TraderG- We are working towards getting the Eurex and ICE on board with our Combine. This is an ongoing process that involves lots of red tape and hurdles. We do not have a date but I can say we are working very hard so that we may provide other products in the Combine.

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 April 4th, 2013, 12:56 PM   #62 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,561 since Jun 2009
Thanks: 28,888 given, 80,224 received

AMA room now open.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
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Old April 4th, 2013, 02:17 PM   #63 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,561 since Jun 2009
Thanks: 28,888 given, 80,224 received


I want to thank Michael Patak for his time today to answer questions during the AMA.

Below is the recording of the session. There was some sort of technical issue when Michael shared his screen, so after 2 minutes we resorted to just audio, which worked fine.

If anyone did not get their question answered, you can post it here in the thread.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Attached Files
ama-topsteptrader-apr413.flv (61.97 MB, 279 views)
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Old April 18th, 2013, 11:34 AM   #64 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: -
 
Jura's Avatar
 
Posts: 766 since Apr 2010
Thanks: 2,347 given, 644 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.

Will TopstepTrader support algorithmic trading through NinjaTrader? I could not find any information on the website that would suggest that it doesn't. But since your program and services are aimed solely at discretionary traders, I wondered if this would be something that is "allowed".

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Old April 18th, 2013, 11:52 AM   #65 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Siera Chart, Market Delta, Esignal, FXCM, R trader Pro
Favorite Futures: ALL- Futures, Forex, Equities
 
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Posts: 192 since Feb 2013
Thanks: 40 given, 584 received

Futures Edge on FIO

Jura View Post
Will TopstepTrader support algorithmic trading through NinjaTrader? I could not find any information on the website that would suggest that it doesn't. But since your program and services are aimed solely at discretionary traders, I wondered if this would be something that is "allowed".

Jura- Yes this will be allowed as long as the trades go through your Ninja platform and you are connected to our back-end provider you will be good to go.

As a side note we are open to all strategies however the person on the other end trades it as long as it falls within our products permitted and risk parameters of the Combine account.

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 April 18th, 2013, 02:21 PM   #66 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus Trading Group / Rithmic
Favorite Futures: CL, NQ
 
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Posts: 1,157 since Sep 2011
Thanks: 1,135 given, 1,536 received


TopstepTrader View Post
Jura- Yes this will be allowed as long as the trades go through your Ninja platform and you are connected to our back-end provider you will be good to go.

@TopstepTrader:

...Hopefully which means that you expect Ninja Trader to be available for the Combine soon...(?)

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Old April 18th, 2013, 02:23 PM   #67 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES
 
Pedro40's Avatar
 
Posts: 507 since Jan 2013
Thanks: 20 given, 345 received

In the Combine, can I hedge using different months of the same instrument?

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Old April 18th, 2013, 06:44 PM   #68 (permalink)
Freemason
Chicago, IL
 
Futures Experience: None
Platform: oil super computer
Favorite Futures: multiple
 
Posts: 193 since Jun 2011
Thanks: 595 given, 191 received

Do not know if TST will be willing to answer this but since it is the ask me anything thread I will give it a shot. What does topsteptrader make more money off of, failed combines and subscriptions or actual live trader profits.

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Old April 18th, 2013, 08:05 PM   #69 (permalink)
Trading Apprentice
Kailua-Kona, HI
 
Futures Experience: Master
Platform: Esignal/IB/Redi/optionvue
Favorite Futures: ES, KOSPI, FX, options
 
FXwulf's Avatar
 
Posts: 29 since Mar 2013
Thanks: 41 given, 177 received

Im curious about TST's reach as far as futures markets to trade

After one completes the combine can a trader get access to Pac-Asia futures contracts like the Chinese ftse A50/ heng Seng/ ASX futures/ KOSPI futures/ sensex?

I realize in the combine it is pretty much only currency futures/ index futures/ US interest rate futures and commodity futures

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Old April 21st, 2013, 11:16 PM   #70 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,154 since Mar 2010
Thanks: 6,305 given, 13,206 received

Anyone with this experience?


Question for Mike Patak as well as the forum.

I haven't been in a combine in months....however a few weeks ago I got a few emails from recruiters claiming to work for TST and offering discounts to former combiners. I got them on the same day with a canned email from each.

I told the last one to figure out which of the recruiters would chase me and only let that guy communicate with me instead of the 3-4 I got initially.

I ended up with one guy that emailed me occasionally and even called me once or twice. A pleasant fellow that didn't hound me which I appreciated. I had a few questions about NT and T4 working together and decided to just wait. I was in no hurry. Once it became clear that NT was not going to be available until the end of the summer at the earliest, I decided to do a combine.

So I asked for a discount on my signup, my recruiter gave me one via email and I tried to sign up. I got an error message. Discount code invalid. Quick email to my recruiter who told me it was only valid over the phone and to call him if I wanted anything. I'm wondering why he gave me a code knowing full well it wouldn't work.

I decided to wait a bit longer for various reasons and then my cardiac incident happened and I figured it was as good a time as any to sign up. So I called on Friday, talked to my recruiter who took my information over the phone, gave me a price and told me I was all signed up and would get my log in details on Sunday afternoon as normal along with my confirmation email for my credit card.

Well its early Sunday evening. No emails, no confirmation codes, no log in details.

So my question is this, has anyone else signed up for a combine using these recruiters? If so, what was your experience with this? It seems unprofessional to me. I didn't get the warm fuzzies on Friday that my recruiter actually processed my credit card. It turns out I was right.

Hopefully Mike will see this soon and look into it. I've sent an email to my recruiter as well so we'll see what happens. Hopefully this recruiter this is real and I didn't just give my credit card info to a complete scammer.

Recruiters name is Frank Meccia.....

Brian

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris

Last edited by PandaWarrior; April 21st, 2013 at 11:22 PM. Reason: Add recruiter name
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