“We’ve found that successful traders come from all different backgrounds, which is why we welcome anyone to enter in the Challenge,” said Patak.
Chicago (PRWEB) January 18, 2012
TopstepTrader, a scouting agency that recruits and develops futures trading talent based out of the Chicago Board of Trade, today announced its Next Best Trader Challenge beginning on January 30. Challengers will go through a real-time market simulation program for two weeks, competing for $150,000 live trading account. Second and third place winners will receive $500 and $250 in cash prizes, respectively.
The Next Best Trader Challenge will be judged by TopstepTrader president and CEO Michael Patak, as well as other members of the TopstepTrader team. Challengers are required to stay within a $3,000 daily loss limit and a 15 lot buying power. The trader with the highest account balance at the end of two weeks will win. Additionally, Challengers will be evaluated on the following criteria:
- Aptitude for trading
- Net daily profit and loss
- Average wins versus average loss duration
- Proper risk management
- Trader intuition
“We’ve found that successful traders come from all different backgrounds, which is why we welcome anyone to enter in the Challenge,” said Patak. “You never know where undiscovered talent lies. Some of the best traders in our program are working full-time jobs, while others are still in college. This unique Challenge provides the opportunity for anyone who might be interested in trading to find out if they have what it takes to become a professional trader.”
The Challenge will go through one round of cuts based on performance on Friday, February 3, with the number of Challengers reduced by half at the end of week one. Patak and his TopstepTrader team will name the winner of the fully funded $150,000 trading account on February 10, 2012.
To enter the Next Best Trader Challenge, visit: http://www.topsteptrader.com/Challenge/NextBestTrader to sign up and have the opportunity to be financially backed by TopstepTrader.
For Challenge updates and details, visit the TopstepTrader Facebook page and join in the conversation.
About TopstepTrader TopstepTrader is a division of Patak Trading Partners, LLC. Started in June 2010, TopstepTrader offers training, tutorials, and the Combine program for aspiring and experienced traders. Patak Trading Partners is a boutique proprietary trading group and member firm of the Chicago Mercantile Exchange based in Chicago, Illinois; founded by Michael Patak, a floor trader at the Chicago Board of Trade. To learn more, please visit http://www.topsteptrader.com.