Dustin has been posting here since 1999, has a lot of respect from the 'respected' and long time members of ET and is believed to be quite a profitable trader. (Who would keep up an act for 5 years, anyway?)
Don, on the other hand, from the first day he posted, has NEVER enjoyed that level of respect. And there used to be a LOT of knowledgeable traders that posted on ET in years gone by, not the crap heap that posts these days. They all called Don on his bullshit. Yep, all of them. Don is LEGENDARY for EVADING ALL THE TOUGH QUESTIONS. He is a MASTER at it. You don't know what you're up against. His only goal, ever, since coming here, was to pump his firm at every opportunity. You don't hear much from him anymore, but if you were here in the early days, Don accumulated more posts than anyone quicker than anyone had ever done it; all of them replete with his slick, slimey worldplays.
Who woul you rather listen to?
To vhehn, who seems to think you are going to get Bob Bright sitting next to you, holding your hand, wake up sir! And even if you did, people need to realize that just as a great salesman doesn't always -- and if you read the academic literature, hardly ever -- make a great sales manager, neither does a great trader make a great trainer. And I've met Bob, and I challenge anyone else that has met to him to deny that he can in NO WAY be considered a great or even a decent trainer. By HIS OWN ADMISSION he doesn't have the patience to answer questions and explain concepts. It is quite unreal the way he bellowed frustrated responses to innocent questions from PAYING TRAINEES.
The whole $5k down, which quickly becomes $3k is a MARKETING CONCEPT designed to ENSARE would-be traders who don't have ENOUGH CAPITAL TO BE TRADING. The Brights are CERTAINLY aware that $3k is PITIFULLY INSUFFICIENT. If anybody thinks they are going to turn profitable -- to the tune of "only" $500/day; [GROAN] -- on $3k they are COMPLETELY DELUDING THEMSELVES. The Brights KNOW you are going to LOSE this capital. Of course, they will NOT let you go into firm money. NO CHANCE.
However, people have a tendency to avoid being wasteful, to avoid loss, to avoid feeling they made a stupid decision. It's the same tendency that keeps traders married to a losing trade. People feel if they have already spent so much money on something that wasn't what you wanted, or that isn't yet working out, that to just stop would be "quitting" it would be admitting that the money is "wasted". So they plow on and rationalize their actions.
Therefore, the Brights can safely assume that most of these traders will be able to scrounge around for another few thousands, maybe even more; money that would NOT have put forward had they not already put up the intial $5k. The REAL 'beta test' is to see to what extent this will take place.
Anybody considering taking this deal should repeat to themselves a thousand times: $3,000 IS NOT ENOUGH CAPITAL, $3000 IS NOT ENOUGH CAPITAL, $3000 IS NOT ENOUGH CAPITAL.
Don, on the other hand, from the first day he posted, has NEVER enjoyed that level of respect. And there used to be a LOT of knowledgeable traders that posted on ET in years gone by, not the crap heap that posts these days. They all called Don on his bullshit. Yep, all of them. Don is LEGENDARY for EVADING ALL THE TOUGH QUESTIONS. He is a MASTER at it. You don't know what you're up against. His only goal, ever, since coming here, was to pump his firm at every opportunity. You don't hear much from him anymore, but if you were here in the early days, Don accumulated more posts than anyone quicker than anyone had ever done it; all of them replete with his slick, slimey worldplays.
Who woul you rather listen to?
To vhehn, who seems to think you are going to get Bob Bright sitting next to you, holding your hand, wake up sir! And even if you did, people need to realize that just as a great salesman doesn't always -- and if you read the academic literature, hardly ever -- make a great sales manager, neither does a great trader make a great trainer. And I've met Bob, and I challenge anyone else that has met to him to deny that he can in NO WAY be considered a great or even a decent trainer. By HIS OWN ADMISSION he doesn't have the patience to answer questions and explain concepts. It is quite unreal the way he bellowed frustrated responses to innocent questions from PAYING TRAINEES.
The whole $5k down, which quickly becomes $3k is a MARKETING CONCEPT designed to ENSARE would-be traders who don't have ENOUGH CAPITAL TO BE TRADING. The Brights are CERTAINLY aware that $3k is PITIFULLY INSUFFICIENT. If anybody thinks they are going to turn profitable -- to the tune of "only" $500/day; [GROAN] -- on $3k they are COMPLETELY DELUDING THEMSELVES. The Brights KNOW you are going to LOSE this capital. Of course, they will NOT let you go into firm money. NO CHANCE.
However, people have a tendency to avoid being wasteful, to avoid loss, to avoid feeling they made a stupid decision. It's the same tendency that keeps traders married to a losing trade. People feel if they have already spent so much money on something that wasn't what you wanted, or that isn't yet working out, that to just stop would be "quitting" it would be admitting that the money is "wasted". So they plow on and rationalize their actions.
Therefore, the Brights can safely assume that most of these traders will be able to scrounge around for another few thousands, maybe even more; money that would NOT have put forward had they not already put up the intial $5k. The REAL 'beta test' is to see to what extent this will take place.
Anybody considering taking this deal should repeat to themselves a thousand times: $3,000 IS NOT ENOUGH CAPITAL, $3000 IS NOT ENOUGH CAPITAL, $3000 IS NOT ENOUGH CAPITAL.
RS