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What about selling put spreads or call spreads? Losses are defined (limited) in those situations, although the max loss is still greater than the max gain of any given trade....and getting good executions on spreads isn't always fast/easy.

And if she won't be allowed to trade again, then she can always start a $29.95 a month real-time alert service, and post #timestamps on twitter. :D

Of course they removed the videos.....because it is embarrassing to them, and they look quite foolish the way they were in awe of her. They should keep the videos and post captions on the screen saying "we were suckers to believe in her BS....shame on us" Maybe post all kinds of comedy...

I'm sure the Tastytrade folks that trotted her out onto YouTube as a "Supertrader" will love being on TV talking about this (unless they will be somehow getting in trouble with SEC themselves regarding this situation.)

I posted a link to the other trader's website in a previous message in this thread. This other trader lately has stopped promoting his ES system as well as his forecast. He admitted 2012 was a losing year for his ES system, and I suspect 2013 and beyond weren't much better either. If this...

I don't think that's true. They don't want to lose...they want to win. However, I think they need to hurt themselves in order to eventually learn the lesson on how to avoid being too reckless in their trading.

School of Hard Knocks!

Yikes! 400K? And I thought I was a terrible loser when I lost over 100K in 2009!...at one point I was so desperate that I tried out Robert Hoffman's room for a month or 2...thinking that would help me learn how to trade properly. (but only caused me to lose even more money) At least that...

Legendary story of how NOT to trade: :D http://www.elitetrader.com/vb/showthread.php?s=&threadid=223845

It seems to me that options on UVXY are section 1256 contracts, because they are "non-equity options." However, I can tell that Fidelity is not treating these options as section 1256 contracts, because on their Gain/Loss worksheets, they allocate a regular VIX contract transaction (an option...

Exactly! And if they get back in they get stopped out again, and they're even more afraid than ever.

Sykes very recently posted a video of himself driving around in a lamborghini. Someone posted a comment saying that he/she suspected that 95% of Sykes' students lose money just like 95% of retail traders lose money, and that he/she suspected that the real reason he can afford that car is...

LOL This reminds me how virtually every time someone exposes a scam artist, there is always a sucker willing to step in to defend the artist for free. It's like the public is just chock full of suckers who want to believe in a scam...and even defend the scam....I guess because it makes...

Or just waste more of my friend's time and money and give him another reason to be angry? :D My friend already tried all that.

[/b] Yes, I think my "friend" gets angry at the lack of control. He thinks the nitpicking about work, or unexpected "todo" list at work is going to ruin his life to an extent for the next several days/weeks...but even though he knows the reasons behind the anger, he still gets...

That reminds me of the old joke: How many psychologists does it take to change a light bulb? Answer: Just one, but it takes a very long time, costs a lot of money, and the bulb has to want to change itself. (and I would add, that the bulb has to actually have the ability to change...

The problem with videos like this, is that people can't control their own reactions as much as suggested. If it were so easy to control one's own anger, then there would likely be peace in the Middle East....or nobody would ever get angry when being overtly ripped off, or overtly abused...

Agreed. The OP should enjoy his edge before he loses it and his system stops working and then he gives all the money back to the market (and more). :D

It's funny that you should mention that forecasting just the direction might not be all that great (assuming you can even do that with accuracy) The other trader (the one who I suspected might have derived his forecasting method from David Williams) used to post his ES forecast for free on his...

I do have a feeling that the forecast is likely a scam. As originally mentioned, the reason I got curious about this, is a certain other trader claimed to have a similar method to predict turns in the S&P. Supposedly the method didn't involve analyzing past price action, and supposedly once...