Michael Patak is the founder and chief visionary officer of TopstepTrader. He started trading and promptly blew up three $30,000 trading accounts (for a total of $90,000).
Not deterred, Michael realized that he was trying to hit home runs — allowing the promise of trading riches to lure him into huge losses. (Of course, trading with a gambler's mentality never works out.)
In this episode of Limit Up, Michael talks through those early losses, the challenge from his father that turned his trading around and why the pain of those losses led him to found TopstepTrader. Be sure to subscribe to Limit Up on iTunes, Google tPlay or Soundcloud to get the fresh episodes each week delivered to your inbox.