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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:113,023 / 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 21st, 2013, 11:19 PM   #71 (permalink)
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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.

Brian

I think you should go ahead and name the recruiter here so everyone is on the same page.

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Old April 21st, 2013, 11:22 PM   #72 (permalink)
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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.

Brian

@PandaWarrior

Email support@TopstepTrader.com. I would take this post and send it to them. If there is a issue they will be able to handle it promptly.

Robert

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Old April 21st, 2013, 11:40 PM   #73 (permalink)
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@PandaWarrior

Email support@TopstepTrader.com. I would take this post and send it to them. If there is a issue they will be able to handle it promptly.

Robert

I cc'd support and the scout team on my email to the recruiter. I used to have Mike's email as well as Hoag's but seem to have misplaced them....

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Old April 22nd, 2013, 01:29 AM   #74 (permalink)
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PandaWarrior View Post
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

Hi Brian,

I would like to confirm that I signed up for my $150,000 combine through Frank Meccia.

Same case with me, signed up over the phone and gave credit card info over the phone.

So probably this is the real Frank Meccia and you have not been scammed.

However I did receive the combine details as promised the correct evening.

And I agree... this is an insecure and unprofessional practice of asking for credit card information over the phone.

Regards,
iqgod

P.S.: Send me a PM if you wish to ask anything further.

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Old April 22nd, 2013, 11:50 AM   #75 (permalink)
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NT end of summer?

Futures Edge on FIO

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Question for Mike Patak as well as the forum.

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.

NinjaTrader wont be available now until the end of summer? Can you confirm this Michael?

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Old April 22nd, 2013, 03:25 PM   #76 (permalink)
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NinjaTrader wont be available now until the end of summer? Can you confirm this Michael?

This was me being sarcastic after months of saying "in a few weeks" only to have it postponed again. dont read more into this than that....

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Old April 22nd, 2013, 03:30 PM   #77 (permalink)
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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

Follow up.

About an hour into the session today, I got my log in details along with a follow up from Frank with a brief apology and an offer for an extra day.

I asked about a receipt for payment or the combine to be comp'd. Nothing from Frank since. I shot over another email just before I posted this with regard to the receipt, so hopefully I'll hear something soon.

Update, as I am typing this, presto, my receipt arrives. I guess I'm not being comp'd.

I'll update this thread if anything further happens. However, I recommend using the website for payment. It just seems more professional.

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Most people chose unhappiness over uncertainty, Tim Ferris
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Old April 22nd, 2013, 04:08 PM   #78 (permalink)
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Just for information: if you use credit and no debit cards, it's safe to give this information as its your issuing bank who will be bearing losses if unable to retrieve the amount in case of scam and following repudiation or charge back. You get the hassle to do the charge back and blocked amount on your account for a couple of months in worst case but you won't lose money.

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Old April 23rd, 2013, 03:42 AM   #79 (permalink)
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Hi Michael,

In TST's calculation of win/loss percentage, how do you deal with breakeven trades? If I enter at 100 and exit at 100, it is breakeven in terms of ticks. But the commissions involved result in a loss in terms of P&L.

Would the above example be counted as a loss in your calculations during the combine?

Just want to make sure I understand exactly how win/loss percentage is calculated.

Thanks.

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Old April 23rd, 2013, 04:34 AM   #80 (permalink)
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Hi Michael,

In TST's calculation of win/loss percentage, how do you deal with breakeven trades? If I enter at 100 and exit at 100, it is breakeven in terms of ticks. But the commissions involved result in a loss in terms of P&L.

Would the above example be counted as a loss in your calculations during the combine?

Just want to make sure I understand exactly how win/loss percentage is calculated.

Thanks.


While Michael is the correct person to answer, I believe the following information is correct:

Scratch trades do not affect any metric except Fees & Commissions/Net P&L and Total Trades.
They are included in “Total Trades” therefore, that metric is not used to calculate averages.

Total Win % (Per Day)
1. Add the day’s Winning Trades, find total
2. Add that day’s Winning Trades + Losing Trades (do not use “Total Trades” column), find total
3. Divide the total of step 1 by the total of step 2


Overall Average Total Win %
1. Add all trading days’ Winning Trades, find total
2. Add all that day’s Winning Trades + Losing Trades (do not use “Total Trades” column), find total
3. Divide the total of step 1 by the total of step 2

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