Interview with China Futures Michael Patak: traders must be unconditional self-confidence 2

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Chicago, Illinois, United States of America (Free-Press-Release.com) December 19, 2011 -- Futures China 9, your motto is "We are living with our prey." (We eat what we kill), what would you prey? You are the futures market, "wolf" do?

Michael Patak: Futures industry is "to prey living", which is irrevocable. I have another motto is "unconditional self-confidence." I think that a person must be unconditional confidence in order to always focus on the direction of the big, learn and progress in the futures market, not because of a transaction failure and loss of confidence. Loss in futures trading is a normal thing, but also necessary. I myself have the ability through the accumulation of experience unconditional self-confidence.
Futures China 10 , some traders will indulge in the transaction, in addition to the transaction no other hobbies, your case? Do you have any other hobbies?
Michael Patak: Futures addiction is very easy for something that happened. But you must have some other hobbies, so you can stop and enjoy the fun of the other life. Or futures exchange will let you consume too fast. I love fitness, running, reading, relaxing, friends and family.

China futures 11 Patak's trading partners from the global selection traders, given rigorous training, and provide a firm offer to win money and profit sharing. One thing you do this the main purpose of that?
Michael Patak: Our aim is to create Combine who would like to see in today's futures market trading. Because the futures market is evolving. Our recruitment allows us to see who can best adapt to the market, and discipline, stable profit. Combine our plan allows us to find Futures traders have such skills, we will provide them with a firm offer and they account for a firm offer futures trading.

b]China futures 12 thousands of people around the world aspire to become a top trader, TopStepTrader many participants, may I ask how many people have signed up so far TopStepTrader? Before and after the total number of people through training and screening, and cooperate with you to achieve success?
Michael Patak: We have many trainees Combine training, learning, development, and become a real trading member. Recently, we choose at least 2 per week traders began to real trading. Combine more and more people to participate in our real trading staff will be more and more.
China futures 13 so far, you have to select a single trader out of the largest funds account size?

Michael Patak: that all members are real trading account from $ 50,000 to get started. Traders can choose to have their accounts rather than increasing funds taken immediately commission. With the growth of their funds in the account, we give them higher daily stop-loss limits, and allow them to hold more positions. This is a major trader of a gradual process. In the near future, we will increase by 10 million and $ 150,000 Combine and firm offer accounts. Of course, if you can not operate a $ 50,000 account, you can not operate a $ 50 million account. Different levels of discipline and patience are very important to traders.
China futures 14 so far, the selection out of the traders, the most profitable single account how much the total?

Michael Patak: In futures trading, we do not focus on the overall profitability of accounts; we value the traders in all aspects of performance. Because futures trading are highly leveraged, so the account percentage of profit is not relevant. Some people may earn in a week or a month a lot of money, but if they can not control the downside risks, not stable profit, no discipline, and that this can only be a chance, because the days of their loss will be far more than their profit the day.
China futures 15 TopStepTrader of participants from five continents, according to your internal assessment point of view, the region from which the best trader?
Michael Patak: I have not noticed particularly what areas of outstanding traders. Different cultures, different individuals in the market performance. We are currently opening up on Russia and China, we have found a lot of great potential traders. Regardless of geography, all profitable traders must learn how to manage and control the loss to give full play to their capabilities.

China futures 16 a firm offer very good trader operation, there is no chance to work with you to the United States?
Michael Patak: Yes. We will have firm offer excellent performance traders to provide such opportunities. If members are interested in real trading, they can go to Chicago, the CME exchange trading. Futures traders for good, we will do our utmost to meet their demands, because we have established with good Futures traders "win-win" relationship. Futures traders can of course also for remote transactions.

China futures 17 COMBINE training every day for $ 1,000 stop-loss account, the account each day to accelerate COMBINE train stop at $ 500, beginning day of a firm offer for $ 500 stop-loss account. Design of such a strict stop-loss, which mainly traders exercise capacity?
Michael Patak: Our firm offer account stop-loss limits are based on single-day Futures traders to participate in the Combine type (four or acceleration) located in the $ 1,000 or $ 500 dependent. We are currently considering the amount of new accounts more Combine, a corresponding one-day stop-loss limits increase to (2,000 to 3,000 U.S. dollars).

Been set 500 and 1000 dollars in one-day stop-loss limits, we want our Futures traders can control and manage risk. All Futures traders need to have stop-loss limits. Futures traders that can help to survive and then fight. Futures industry is more like a marathon, not a sprint race. You can have a profitable day, there will be loss of life, but you must learn to stop in time, so that profits run. Our risk control parameter setting is to train traders learn to stop in time, especially when they see the market is unclear, it should cease trading. So they can take in the good times take advantage of market opportunities.
China futures 18 your training requirements and a firm offer partial short-term requirements are, you only need to have short-term trading is the ability of traders? The expense of trade with the band in the long-term capacity and trading capabilities of traders?

Michael Patak: We attach great importance to risk management. Open 23 hours electronic trading. We hope Futures traders at the market close every day there are no positions 1 hour. The reason is what happens if the world events that affect the market, Futures traders may be completely unable to control their position. We believe that still holds in the closed position is a practice of taking unnecessary risks. Of course, if a Futures traders have to prove his ability, while his / her account funds grow to a certain extent, we do allow members of this band futures trading or holding positions. But when new Futures traders started operating a firm offer, we will take extra care to ensure that the Futures traders can control his / her risk. Therefore, in the Combine or new real trading, the futures market daily closing member must open.
China futures 19 the simulation set during the training, Patak's trading partners to give traders what support?

Michael Patak: We offer a range of coaching services to help traders better understand the futures market, futures and futures member of staff their trading style to maximize their ability to trade in order to shorten the learning time. In addition to coaching, we have once a week trading psychology expert "Market Therapy" (market treatment) lectures. Our TsT live broadcast and interactive trader chat rooms on the trader will have a very big help. Live broadcast allows traders to understand what happening CME exchange is. Chat rooms from around the world, different levels of traders. Therefore, the discussion in the chat room every day for information and educational materials for students of futures trading is very useful.
These tools help members of the new futures become disciplined, stable and profitable Futures traders. Futures traders have a new patient through the Combine, so their growing in the process, to play out their maximum potential, then start real trading.
China futures 20 in the process of real disk operations, Patak's trading partners to give traders what support?

Michael Patak: traders began in the real disk operations, our senior traders will maintain contact with them, help them learn, develop, growth funds in the account. We will also profit from share trading profit.

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