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+1 Dont really understand why all the disdain for this guy. Havent seen him do anything bad during my time on ET.

Lots of full-time at-home traders exist-- but how many of them are making consistent money year after year? How long do they stay a full-time trader before being forced to go back to working a job? I would guess the few who do manage consistency are well capitalized and turning out modest %...

Yup, I could tell from the way his original BMT thread progressed. It seemed okay at first, but eventually started seeing some red flags. Maybe there's an off chance that he is scratching out a meagre amount of profit each month, that's the best case scenario. The more likely scenario is...

After that Guy de Chimay fella was outed as a fraud.... probably damaged the shows credibility.... With all the Madoffs, MF Globals, PFGs, etc most people in the real world (outside trading forums) probably figure the whole financial industry is just a big scam racket filled with white collar...

Exactly..... things are not always what they seem. I am not a 'trading is impossible' guy, and I believe at-home retailers traders can turn profits--- but IMO the misconception is that these small retailers can make a living doing so. How many people out there were thinking excitedly at some...

That is interesting. If I had a setup that reliable here's what I would do. Get a nite job and sit home all day for the 6 hrs of active trading..... waiting for the setup. When it comes.... put in on with as big of a size as I can afford. Work up to 50 ES contracts. Or 100. If it's...

How many times have those words been uttered in forums and chats? I do not mean to desparage you by saying this... But unless you are independently wealthy and dont need income, you would be much better served finding something else to do with your time. Invvesting longer term in solid...

When he says he is getting closer to his dream of retiring to the topics...... is that money coming from trading or from website revenue? I think a lot of people assume its trading profits but I suspect its more the latter than the former. If you read between the lines of some of his...

No, she's not Al Brooks, I cant buy that idea. If anything because her posts are too bright and cheery to be written by someone as deadpan as Al.... :D

O rly? http://www.elitetrader.com/vb/showthread.php?s=&postid=3664270#post3664270 :D

I think that could be an even bigger problem than the huckster educators. I'm talking about people who knowingly lie (or lie by omission) in forums and chatrooms because their ego won't let them admit they are losing money. (PS - I am not targeting NoDoji with that statement, its only an...

Ok, I found the original reference to this, and she never specifically said she was making 90k/yr trading 1 contract. She suggested that it was possible. Similar to what she said at a later date when questioned on it...

You know, there are guys here (some who post in PnL regularly) who are never ever seen bragging or boasting about anything. Yet the 6x daily atr types, the take a newb and have him turn 10k into a million in a year right away types, the 'I make money every single day' types, the 'I use TA so...

She also told Surf at one point that trading the break of the opening 5-min bar in CL was so profitable it would have him "laughing all the way to the bank." I tested it and found it to be marginally profitable on paper but figured it would surely be a losing strategy in a live market where...

My recollection is she claimed making a six figure income trading 1 lot of CL, and that this could be done in a 10k account. 10k to 100k in one year, trading one contract. When questioned about at a later time, she said she still stood by it as a doable goal, but in that instance never...

Lescor didnt say no one made money in futures, just that he didnt personally know any. He said the reason for this was that he trained in an equities prop shop and all the guys he has worked and networked with were also equities traders. I remember this conversation.... though I notice in...

I have also noted similarities in writing styles of some self-professed internet gurus, it's hard to put into words what it is, but it is there there is something in that style that draws people in part is their talent as writers, and part is they way they talk of deep, dark secrets that...

So do you admit you were lying when you said you could estimate the probability on almost every 5-min bar with 95% confidence? Why not take it a step further and say you have a 'friend" who can do it with 99% confidence and that he makes 10 pts a day and was able to quit his job as a Taco...

I think the cycle goes something like this: Stage 1. Wow, I cant wait to learn how to trade for a living. I am so glad I found this knowledgeable guru, and this chatroom/forum full of helpful people. Stage 2. This is so amazing. This TA stuff is great--- I never knew the market was so...

too bad you didnt buy SSO instead nasdaq has gone nowhere thanks to AAPL holding it back