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Trading Education Posted by Team Topstep November 15, 2017

Lessons from $90k in Losses - Michael Patak

Michael Patak is a floor trader turned entrepreneur who created TopstepTrader, a place where traders can safely engage in financial markets. After blowing up three trading accounts for a total of $90,000, he finally got serious and learned to trade profitably on a simulator. He went on to trade Dow Jones Industrial Average futures as a local on the CBOT floor before starting TopstepTrader. In this episode, he talks about his journey learning how to be profitable trading and the aha moment that led to TopstepTrader. In the TopstepTrader program, traders prove they can profit and manage risk in a real-time trading simulator. If traders meet the profit objectives while following the risk controls, TopstepTrader will fund them with $30,000 to $150,000 in buying power. For more, go to