PTP Futures Trading Internship?

If you're still in school, go ahead and do it. It will definitely add to your eduction. I did three combines at my own expense and although, it was somewhat expensive as simulated trading programs go, I did learn a lot. The program is for day trading only, no position trading. That is, you cannot carry any positions overnight. You must close all positions out by the end of the day, win or lose. Also, you cannot be carrying a position going into any of the scheduled economic announcements (the unemployment numbers, retail, oil, consumer sentiment, etc). They want you to trade no more than two markets and ALWAYS use stop orders. Also, you can trade no more than a total of five contracts at a time. That's five total between the two markets you are trading and if you lose $1000 in simulated money in a day, they close out your position and you cannot trade for the rest of the day. I agree with most of their rules with the occasional exceptions of not being able to carry positions overnight and not carrying a position ahead of the scheduled announcements.. For example, I was doing simulated trading through another company this past week and I went long on the S&P (ESH1) going into the first trading day of the month because the first trading day of a new month is very often a good day for stocks. Well, this past Monday, 3/1/11, stocks were down because of the stuff going on in Libya and my position went almost 10 grand into the red. Feeling confident that there would still be a good rally in stocks during the first week of the month, I let it ride and sure enough, stocks rallied on the third and that 10k loss reversed itself and I got out of that position with a 300 and something dollar profit. You would not be able to do that with Patak. They would have stopped you out when the loss hit 1K. Also, I somewhat disagree with the rule of no positions going into the scheduled announcements. On one hand, they say ALWAYS use stops and on the other, NEVER have a position open going into an announcement. Well, if you have a stop in and the position goes the wrong way, as long as your stop gets executed as scheduled, you should get stopped out with minimal loss. I used to do simulated trading through another broker and some of my biggest gains were made speculating on the scheduled announcements. With Patak, I found this rule quite frustrating. But, in summary, try your hand at it. You will learn from it. Good luck.