Austin Passamonte Challenges all at ET to a $10K entry fee Contest!

... so now they think we're buds and this was the old "start the fight, makeup and then I show how the method works" scam.

Now I'm really ROTFLMAO - While waiting for my setup. :D

This has got to be the most paranoid, unbelieving group of nasayers and disbelievers that I have ever seen.

Hey look (literally), just look at the information. If it makes sense to you, make your opinion based on that, if it doesn't make sense to you, well then make your decision based on that also (but please tell us why not).

If it makes sense to you to:

1. have a method of trading that you are very secure with

2. determine the dominant trend (by whatever method you use) and trade in the direction of that trend when entering positions on an intra-day basis

3. use position sizing to maximize your potential profits when you get a move in the direction of the dominant trend (and it also keeps you from having the fear of missing out on the moves that are against the trend).

(mymini trading used these concepts to max his account out while being ridiculed as well, that's OK, last I looked he had thousands of hits at his thread with hundreds of people downloading his ... account statements).

***
I think this information makes a lot of sense as it gives the beginning of a good trading tool box, when most traders are running around looking for the next great indicator (now that's a business handing you the business). It's by no means complete, just giving (part) of the concepts required for an complete trading system.

Best Regards,

JJ

P.S. Let's not even get into the psychological strength that the method gives you ...
 
Quote from JimmyJam:

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.



Note to self: Seeing as how I have this bomb system now, more trading less posting.

Later Bros, :D

JJ
More...

this once independent dude was obviously greased. either he recieved a free subscription and/or a referral deal each time an et'er shells out 2,000 for austin's system. he went from main attacker to main defender overnight, never having a chance to see if his money making claims could ever be true but oh, now he's a true believer. sad, very sad
 
sent you a pm......
Quote from austinp:

Great (sleep deprived) Morning!

I had a 14.5 year old springer spaniel named Madison who was practically a child. She passed away in late March, and I've teased my girlfriend Holly about getting a pair of springer pups ever since.

Well, last night we took a two-hour ride (one way) to see a litter of field-trial champion bloodlines. Guess who didn't leave two puppies behind?

Made $1,518 net while trading yesterday (up $3,000 by 10:30am, missed the midday lift, nothing to work with in afternoon) and then blew that away between PetSmart and the $600 apiece new additions to our family. I'm guessing Holly might spend a few more dollars on doggie trinkets today... hard to predict that one.

Left the house at 4:30pm, got home at midnight, listened to them whine & cry all night, up at 6:00am... sleep deprived. I missed you guys, but was too exhausted for visiting in here :>)

*

<b>Jam</b>, thank you for the very kind words of retraction. That shows a lot of class on your part, you are a stand-up guy.

To Version77, Stock77, mschey, Bitstream... everyone else who I said one (or more) negative word to since day one here: I'm sincerely sorry for that, and will never do so again. I reached my limit of being badgered while trying to add some beneficial posts in here.

I could wax on, but let's just move on. Everything I ever read about myself in here has been cast into the Sea Of Forgetfulness. Far as I'm concerned, everyone starts our new relationship(s) from scratch.

Now it's time to start the teaching / learning process... it is a two-way street. I'll get as much out of working with you as anyone else.

**

I'll start a new thread (linked to this mess) that will have detailed trading info you can use to make money with. Promise you that!

We'll begin later this evening with first topic: how I commonly make 100% ~ 500% monthly returns trading emini markets. You can do it, too. I'll show you exactly how & why that statement is true.

I won't be covering the trade entry/exit details at all... that part is not free. But, <b><u>the most important part</b></u> is how you manage the leverage of eminis (or FX, stocks, etc) most optimal efficiency for both upside profit potential AND protection into drawdowns <b>using your current method of trading</b>.

There are several parts to this that you might incorporate use in part or all of. When we're done with that exercise, you'll fully understand how & why it's possible to make huge profit gains while likewise protected from blowing out the account.

Controlled, scientific efficiency of account management can take the exact-same sequence of trade results and yield +50% net profit or +500% net profit. It is all in how you manage account size per trade. Optimal position sizing for max benefit of profit AND account protection is seldom talked about. We'll talk about it here, in great detail.

===

The next topic to follow will be correct profit/loss ratio setups for trading. I assure you of this: many traders right here are working viable methods = systems that only lose money because of incorrect profit/loss exit paramters. In other words, many traders are sabotaging their own positive expectancy by taking profits incorrectly. The old adage of "You cannot go broke while taking profits" is absolute, total b.s.

When we're done with that discussion, you'll understand why.

===

Third topic of conversation will be on the benefits of trading two different market symbols. Whether that is ES/NQ or ES/ER, SMH/QQQ or EURUSD/GBPUSD matters not. There are specific money-management and psychological benefits to trading two symbols side-by-side.

The first discussion builds upon the second, which ties directly into the third. You will see why I've always traded two symbols side by side, the benefits of money management there versus flawed, failed tactics like scaling out of trades for partial profits from one symbol, etc.

===

The new thread will begin tonight, and it will have a backyard party atmosphere. Everyone who comes into our thread must grab a virtual beer, glass of wine, scotch on the rocks or soft drink of choice upon entry and pretend it's a social gathering of friends. Then we'll sit and discuss critical aspects of trading like good friends gathered around the fire, face to face. No bickering between anyone behind anonymous aliases. Capiche`?

We will ignore any & all negative crap that may slink it's way inside. Our life is too short for wasting it on senseless stuff... let's invest our precious time a lot more wisely than that.

Time for me to get started with the trading group. Busy all day, sleep deprived but we're having fun. See you here this evening, and get ready to learn some things real soon that right now you might believe just aren't true :>)

Best Trading Wishes
Austin
More...
 
Quote from caddyshack2006:

this once independent dude was obviously greased. either he recieved a free subscription and/or a referral deal each time an et'er shells out 2,000 for austin's system. he went from main attacker to main defender overnight, never having a chance to see if his money making claims could ever be true but oh, now he's a true believer. sad, very sad
More...

caddy quit play'in around on the web and take your signal!
 
Well, truth to tell, I would need to see a profit statement before I paid for another system or being taught again.

Anyway, I am currently trading with the last trader who taught me, and am up over $ 200 for the day so far. He did provide me with a profit statement and he also trades with me online.

I almost want to quit now since this is alot of money for me as a newbie trader. Also another problem is that I think I don't have enough money in my trading account to do some of his trades. Since he will go up to 14 lots or higher on a single trade, and I have only $ 18,000 in my trading account. Obviously, I don't go up that high to try to prevent getting margined out of the trade at a loss.

The hard thing for me is psychological. If I am having a good day I want to quit, and if I am having a bad day, I want to revenge trade by adding size on new trades and stay to the end of the day.

Well, the chicken got to me, I am done for the day. I am not going to bang myself up too much for quiting. What other jobs other then being a ho or a lawyer do you make a $ 100 per hour and only work 2 hours before taking the rest of the day off?
 
caddy, what just happend to that insane post you just made?#!??

talk about ROTFLMAO - you are a sight.

thanks man, you gave me a great belly laugh for the day (god know they always help).

best to you kid.

jj
 
Quote from JimmyJam:

caddy, what just happend to that insane post you just made?#!??

talk about ROTFLMAO - you are a sight.

thanks man, you gave me a great belly laugh for the day (god know they always help).

best to you kid.

jj
More...
lucky for your ass that bitch got deleted:mad:
 
one thing i've always had going for me is the intangible gift of having "street smarts". this austin cat always had a bad smell about him. he's slick as he even had me lightening up on him for a short season. but he's not that slick as this whole scam he is pulling has just blown up on him.

hear me out... take a look at jj's posts and austin's posts. exact same writing style. of all the posters here on et these two are identical. both in the way they structure their posts, have a superior "your going to learn from me air", and the way they always handle negative posts. i'll post the jaw dropping proof below of their last two posts.

first, quote from austin:
More...

Now it's time to start the teaching / learning process... it is a two-way street. I'll get as much out of working with you as anyone else.

**

I'll start a new thread (linked to this mess) that will have detailed trading info you can use to make money with. Promise you that!

We'll begin later this evening with first topic: how I commonly make 100% ~ 500% monthly returns trading emini markets. You can do it, too. I'll show you exactly how & why that statement is true.

I won't be covering the trade entry/exit details at all... that part is not free. But, <b><u>the most important part</b></u> is how you manage the leverage of eminis (or FX, stocks, etc) most optimal efficiency for both upside profit potential AND protection into drawdowns <b>using your current method of trading</b>.

There are several parts to this that you might incorporate use in part or all of. When we're done with that exercise, you'll fully understand how & why it's possible to make huge profit gains while likewise protected from blowing out the account.

Controlled, scientific efficiency of account management can take the exact-same sequence of trade results and yield +50% net profit or +500% net profit. It is all in how you manage account size per trade. Optimal position sizing for max benefit of profit AND account protection is seldom talked about. We'll talk about it here, in great detail.

and now here is recent jimmy jams quote
More...

(mymini trading used these concepts to max his account out while being ridiculed as well, that's OK, last I looked he had thousands of hits at his thread with hundreds of people downloading his ... account statements).

***
I think this information makes a lot of sense as it gives the beginning of a good trading tool box, when most traders are running around looking for the next great indicator (now that's a business handing you the business). It's by no means complete, just giving (part) of the concepts required for an complete trading system.

notice the use of ** in between the paragraghs, also the exact use of underlining phrases and using bold print mid sentence. last but not least, they both often end their sentences with three periods or ... This is rare and quite a coincedence especially when you factor in their exact writing styles and now jimmy jams same point of view.

so what's my point?

i say that austin and jj are the same dude. austin has an alliby saying he's at a last minute planned live seminar, while jj his new ally minds the et flock. i think this seminar thing is bs as i've been listening to his webcasts and he never mentioned it last week. is'nt this something he would announce, promote ahead of time so that people would show up? if i'm wrong on this i apologize ahead of time, but the evidence looks very strong. like i said i've got a good nose for stuff that stinks. this would knock a buzzard off a shit wagon from half a mile.

the shack

ps. i posted this first around noon and then after about 5 minutes i deleted it knowing jj was closely monitoring this thread. i laid a cyber trap so to speak. well the snakeoiler fell for it, click the link below to see how he immediately pannicked and changed his writing style , hell it looks like the bitch is trying to mimic my ass now. click below to see his new style. it just keeps getting stranger.

pps. i nominate myself for a pulitzer, the cat that busted open watergate can kiss my ass

http://elitetrader.com/vb/showthread.php?s=&threadid=74860&perpage=6&pagenumber=98
 
Caddy

I dont know what to make of it, but heres a post from JJ from the Trading and Dating thread. He shows an unusual understanding for an Italian romeo pretending to be African American.

Maybe Austin has multiple personality disorder :eek:



JimmyJam
Registered: Oct 2005
Posts: 1460

08-13-06 11:15 AM

Oh, hey NZDSPeCIALISt (if you're this spot-on with our mating instincts, your trading must be off-da-hook!)

You're 100% right bro.

Chicks who would screw their faces up and turn away from me (I'm african-american living in the USA, go figure), bat their eyelashes and smile when I walk into a restraurant/theater/party with an attractive woman on my arm ... and the guys try to give me the stare down.

It's hysterical.

The same when I'm well-dressed ... , my next big goal is to get an apartment in a really nice area.

Hey, don't fight it, it's the way we really work.

Just a bunch of animals, I say.

Later,

JJ

P.S. No matter how enlightened we think we really are!
 
Hey guys!

Unless there are two (2) Austin T. Passamontes in this forum, I'm the only one. If someone else has the same great taste if wordsmithing, I applaud them! (humorous laugh)

This week's HotComm event was not posted in any public forum, because it is a private event. Existing clients only... no outside invitation.

**

Done trading for the day, just need to summarize in the room at 4:00pm EST. I managed to scratch out $2,580 gross while mismanaging trades all day. Stopped out of two ES trades for +2pts that went +4pts immediately after, stopped out of two ER trades for +2pts that also went +5pts each right afterward.

Should have been a $5k day just holding my last two longs a few minutes more... covered on trail stops right before final buy programs. Oh well, beats trying to sell the tape all day... but I'm sure no one did that :>)

Will visit soon
Austin T. Passamonte
 
You must log in or register to reply here.
Back
Top