Recent content by JackHamptom

Wow, did Don admit that more traders water down this strategy??? Jack

Yes, there are a multitude of NYSE stocks, but there are only a few hundred with any volume and very few that can ever be consistently profitable. And don't you think word gets around an office on these profitable stocks and they get piled on by the OO traders? What makes you think the...

You guys crack me up... you come here and talk about what a great strategy this is and keep filling up those training classes and then don't understand why the strategy is going downhill. Do you really believe that the specialist has unlimited shares for you to trade. You probably cost...

see the end of this article: http://www.pan.net/taxes/Trades&taxes.htm Jack

You may need to talk to an accountant that specializes in trader's taxes. The past few years I have never listed individual trades on Sch D. Just a summary of the totals and a statement that detailed information is available upon request. IMHO, No IRS paper pusher wants to go through hundreds of...

"The trader who tries to blame his losses on external events will never learn from his mistakes." Remember if Echo has problems and you lose money it's not Echo's fault, you can't blame losses external events! :D

Anyone going to tell any specifics about the conference? How many people were there? How many ET'ers? Any good trading strategies learned? Was the food any good? Anything?? Sure is quiet for all the hype that was on the other thread announcing this expo. Did everyone have to sign a...

Is there anything in the world that is of high quality and free that doesn't get bogged down in a useless mire? Is there any trading system that works and won't get ruined by the masses? Is there a free country that can truly stay "free"? I have friends that talk about the early stock chat...

I had NASE for about 1 month... You don't get all the details until you actually sign up, then I realized this was the worst insurance EVER created. Amazingly, I got them to refund all of my premiums without any hassles. The main problem was that there were low dollar limits on almost...

Don't be fooled by Don's modest P&L posts on the OO thread... figure there will be at least 8 training classes with 40 paid in each class and he's got a cool $320,000. Oh ya, have to subtract the cost of dinner and paper... so let's call it an even $310,000. :D

WECoyote Don't be fooled by being "on the side of the specialist." As near as I can tell the specialists often don't have to take a position because there's enough liquidity being provided by traders doing OOs. At best it's probably 50/50 now + the cost of commissions. Just look at all of...

Well then, Kudos go to those that sold the strategy for $1000 a pop, too! Jack

I think it's sort of sad that people think they can brag about the money they make on such a vertical strategy without it ruining the technique. It's not just that 10 or 20 new bright traders are doing 20,000 more shares. There must be hundreds of people that have gone through the Bright...

Sure, there's a chart next to every shipwreck at the bottom of the sea... but for every shipwreck there are 1000s of ships with their cargo safely delivered to port, and profits made, thanks to their charts. Jack

Just a suggestion if you are going to make that $1,000,000 first... pick a big retail broker where you can hopefully stay under the radar and not get noticed! Jack