Recent content by NMO-MMMACE

I've been in the TopStepTrader/Patak Trading setup met the profit objective and they still denied me access to live capital because of some slippage on a stop fill that put me over the loss limit by $5. Going into the last 5 days of my tryout my profit accumulation was about $3000usd...I needed...

Got the results from the group and they claim they are only rolling with three traders out of ?? how many that tried out. Overall I think the program has some benefits. They do teach some valid things. The negative is the testing format and its randomness. I've been told the next test is...

20%-30% IS WHAT THE RETAIL PUBLIC/HEDGE FUNDS CONSIDER GREAT. 20%-30% a year aint **** unless its $500,000++ account. To move 2% in markets like currencies, stock index futures or 10yr notes one really has to be super lame. Maybe a few days out of the year the Aussie Dollar futures or 10yr...

in theory if you even went and lost $1,000 the first day your account balance would be 99000 so the next day your loss limit would be 1980...likewise you go out win your first day for $500...your balance would be $100,500. Your loss limit would be $2010....pretty interesting...considering they...

Look with the mini-dow or mini-nas the risk is $5 a tick....to loose $2000 in a day on a one lot the mini-dow would have to go 400ticks against you or the mini nas 100 points(1point =4ticks)....that would be monumental to **** that up

They do the F/X thing as well. I'm only a futures guy. Its good to know the 2% rule as it just does not apply to the original balance of the account but is there general money management rule.:clover:

Thanks for the feedback.....two of the stock index futures...nq/ym..the mini-nas100 and mini-dow are $5.00 a tick. The british pound futures, mini Yen, Mini Euro are $6.25...canadian and aussie dollars $10.00 S&P 500 =$12.50, 10yr note..$15.625 a tick...I'm staying away from the CAD, S&P, &...

I completely agree with your statement. I'm waiting until the week after Labor day to do just because I know the price movement will pick up giving me more opportunity. Most of the contracts trade $5-$12.50 ticks. If you can average a $160 per day win or 25 days its all good. Considering you...

In addition the whole pick a winning trade and receive 40% of it if they use is hyped up. For one day this month we had it for about an hour. For me it sucked because I trade futures. There was a nice gold breakout at $1620 earlier this month. Of course I didn't get the opportunity to call...

I am in the program right now and not very thrilled about it. It sounds good what they are doing. The way its currently executed doesn't really benefit the trader. The groups trades both stocks and futures and there is no telling which instruments they will offer an opportunity in. For...

The leverage seems pretty light from what I've made of it basically you're trading 1 lots to start when U go live....the account is at 150k lets say you make 2k over two weeks in theory the account value would be like 232k...150k+2k+80k...it'll let you increase your position size basically most...

The great part about the program as they presented it was they actually reward you for being an analyst, help you get started and get the living expenses covered which in turn make trading easier. Just got done with a Topsteptrader tryout and despite being profitable over 10% and never having a...

I did a paypal payment which they have received gonna be a waiting game while we wait for the e check to clear. They did touch base with me today via email. So we are on the same page. Once the check clears I'll be getting the material to train. :thumbsup:

Well I signed up for it as the only to find is to risk some money to see how it works out....its a high reward proposition. I'll keep you posted on how it works out for better or worse.

Because you are looking in the wrong section they exist under the NFA/CFTC jurisdiction since they trade futures. Im checking out one of their webinars today will let you know how it goes