Austin Passamonte Challenges all at ET to a $10K entry fee Contest!
- Thread starter version77
- Start date
this is a disturbing post placed by a disturbed dude. first off, i said i had made my peace with austin. but after following this thread i'm going back to where i was. this whole thing started really smelling when austin insisted that at least one of the guys attacking him had to enter. i see that as a smoke screen not to have to go up against a real trader like riskarb. now back to jj. i've been following his pivot thread and this guy has an intelligent approach but is using a flawed system. he worships his damned pivot points which are almost always wrong. this guy waffles on every trade, one minute yelling buy, then 5 min. later yelling bail and reversing. he says he has to hurry to go to work all the time. my guess is he's the main guy at the waffle house. after attacking the shit out of austin over the last 24 hours, jj has flip flopped and now sees him as a greek trading god. i dont get how jj pivot points thinks he has the credibility to offer such an opinion. i'm again finding the way austin throws around big trading claims with zero proof as a sneaky way to drum up business. since i don't have the 25k plus 10k for your high browed challenge ( i'm starting to doubt he does either), i will again challenge you to a working man's wager. 100 k simulated accounts posted in ET journals threads with a 1 dollar bet. whoever has the biggest gains or smallest losses after 2 weeks wins. i'm just a noob but from what i've seen i think i can whoop anyone here. since it's my idea i claim exclusive rights to using rennicks ball for the contest.
the shack
ps. i think an honorable dude like magna should be the ref.
Quote from caddyshack2006:
this is a disturbing post placed by a disturbed dude. first off, i said i had made my peace with austin. but after following this thread i'm going back to where i was. this whole thing started really smelling when austin insisted that at least one of the guys attacking him had to enter. i see that as a smoke screen not to have to go up against a real trader like riskarb. now back to jj. i've been following his pivot thread and this guy has an intelligent approach but is using a flawed system. he worships his damned pivot points which are almost always wrong. this guy waffles on every trade, one minute yelling buy, then 5 min. later yelling bail and reversing. he says he has to hurry to go to work all the time. my guess is he's the main guy at the waffle house. after attacking the shit out of austin over the last 24 hours, jj has flip flopped and now sees him as a greek trading god. i dont get how jj pivot points thinks he has the credibility to offer such an opinion. i'm again finding the way austin throws around big trading claims with zero proof as a sneaky way to drum up business. since i don't have the 25k plus 10k for your high browed challenge, i will again challenge you to a working man's wager. 100 k simulated accounts posted in ET journals threads with a 1 dollar bet. whoever has the biggest gains or smallest losses after 2 weeks wins. i'm just a noob but from what i've seen i think i can whoop anyone here. since it's my idea i claim exclusive rights to using rennicks ball for the contest.
the shack
ps. i think an honorable dude like magna should be the ref.
J . Kerry is on ET ?
This contest, this challenge by Austin is a joke, IMO. First, the contest takes place during a time of year that has a strong tendency to trend, thus favoring your system. Second, the way I see it, If you suck as a trader, or are a low cap trader, you won't have the money to compete, if you are good or even great trader why take the pay cut? You really think I'm interested in taking a pay cut to win a measly 10k from you? To gain ET bragging rights? I have a trading plan and plan on sticking to it, and comparing dicks with you is not part of it! Capiche! The fact is, with a 25k account, I have a few systems that would almost guarantee me to win.
I still think you're a snake oil salesman, you are looking to market your product on ET, with your "soft" sales, and like me like my product approach. The fact remains, of all the videos I've seen, (I grant you I don't think I've seen them all), you only talk about your good days, and how you can never blow out with trading method. Or as you label it, "method tools!" Anyone who has been around trading knows that any system or strategy can blow up! The fact that you won't provide access to former clients or provide audited statements adds further support to my case.
If you are legit, and I've said this before, post your blotters on the P&L thread for a month and you can prove you walk the walk. Win the World Cup next year and you can prove yourself there, but if you win it by turning a 10k acct to 25k, don't expect much respect....A close 3rd to the previous highest earners would be acceptable. Or you can trade against risk arb, or gnome, or reardon medal, or lescor, or any number of other great traders on ET, but I don't many of them are interested in wasting there time either.
Good luck in your contest, I look forward to the day I am forced to retract my statements and apologize to you....will it ever come?
I still think you're a snake oil salesman, you are looking to market your product on ET, with your "soft" sales, and like me like my product approach. The fact remains, of all the videos I've seen, (I grant you I don't think I've seen them all), you only talk about your good days, and how you can never blow out with trading method. Or as you label it, "method tools!" Anyone who has been around trading knows that any system or strategy can blow up! The fact that you won't provide access to former clients or provide audited statements adds further support to my case.
If you are legit, and I've said this before, post your blotters on the P&L thread for a month and you can prove you walk the walk. Win the World Cup next year and you can prove yourself there, but if you win it by turning a 10k acct to 25k, don't expect much respect....A close 3rd to the previous highest earners would be acceptable. Or you can trade against risk arb, or gnome, or reardon medal, or lescor, or any number of other great traders on ET, but I don't many of them are interested in wasting there time either.
Good luck in your contest, I look forward to the day I am forced to retract my statements and apologize to you....will it ever come?
magna's a dude?
surf
that would explain alot, lolQuote from marketsurfer:
magna's a dude?
surf
<font size = 2>
Really? Depending on liquidity? In the, what, trillion dollar futures markets?
Yes, I know about incomplete fills in some eminis beyond 20 ctrcts, yada yada, but cummon, there are a lot of different futures out there.
This, at least, smacks of typical "snake oil salesman" language. "Get the good life! Cars, girlz...you too can be a big shot." [Clip of Waxie getting into a limo with super models, etc, etc... (note: yeah, but he's still ugly as hell!) ]
Good trading to all.
I think the idea of a "Robbins" type contest would be great. All we'd need is a independent audit of the global book, and the participants would use their own clearer/rate. We'd have to limit it to retail accounts, no prop.
Run the contest for 6mo to a year with a large buy-in. I can get us a good rate from a big-5 CPA.
Run the contest for 6mo to a year with a large buy-in. I can get us a good rate from a big-5 CPA.
I don't believe this.
I go from being a detractor to a staunch supporter.
Ah, I guess it's making the money that really counts.
Money does talk.
So tell you what.
***
When you develop a money management method that has an inverse relationship between reward:risk (the greater the reward:the lessor the risk), without the other side of the equation (no greater risk) that can be used to trade non-correlated markets using a consistent methodology (with no real concern for losses, just waiting for the next opportunity for gains), and clue me in on it, I'll support you and anyone else too (while my account grows fat).
Note to self: Seeing as how I have this bomb system now, more trading less posting.
Later Bros,
JJ