Volente you should also start a combine. I know you make a good coin from your trading. But extra income doesn't hurt. Bring a great product to the market. People who are looking to get an entry into futures world but can't get into Infinium, Jump etc. will benefit.
Joe, you don't have to sign up for any of that garbage. Over 99% of the people just pay for the combine. Look, the reason they have to call it an education company is the same reason why financial newsletters always have the disclaimer that the information within is for entertainment purposes only. It's a legal disclaimer. I saw the TST site when they first went live. They didn't have any courses until recently. It was all combines all the time. Look dude, you're a nice guy and I don't want to argue with you. I'm actually getting a migraine from the back and forth on this thread. Have a great labor day weekend.
Yes it would be harder but I agree with you it would be much longer and the the profit goals would be de-ephmasized but the risk management would be heavily scrutinized. I actually have an idea in my head how it would look. Maybe tomorrow I'll put it down on paper. Why? I have no idea why I'm going through this exercise. LOL..
I'll find out what I can. But keep in mind, firms don't like to share this info. In fact, they don't like to share any info. I know their energy desk is hugely profitable and they do a lot of trading over the counter. I'll politely ask some questions.
Also, for those of you that wanted Michael to answer questions. You might want to start a new thread. This one has gotten kind of messy and I doubt he is going to read through this entire novel. I would wait to start the new thread till late late late Monday night. LOL. If you start it now it will get to 40 pages by Tuesday morning. It's really funny, they say all publicity is good publicity. A lot of the detractors have given this guy more free press then he could ever pay for. Basically every post has unique words that will show up in the google search engines now for his firm. I bet he is quietly smiling on his way to the bank. LOL.
I only have one question: When are you going to get rid of the T4 platform? It's impossible to scale properly on the T4 because you can't build a template. It is very slow to adjust targets and stops. I understand that you might be offering the Ninja platform soon. On Ninja, you can build multiple templates to execute trades under different market conditions with one click. I would like to run my strategy again on TopStep when you have a better platform. Thanks.
No it was harder. You had to make twice as much money. And they had this really gay rule where however many contracts you traded the first day, you had to trade the same amount + or- 5 the rest of the combine. Also, to get the free refund you still had to make 50% of the total profit goal. Now you just need to make a single dollar in profit. It's waaaaaaaay easier now. You can even customize the rules to get rid of the ones you don't like. And the only reason it didn't cost $350 is because they only offered the 50k combine. Man if you guys had seen the site back then ET's network servers would be crashing right now from the 10k page long thread this would be.
Okay. This makes it clear. The 1% initial success rate is so low that Patak does not lose much when they absorb the traders' losses.