Quote from mschey:
Seems to me, you might be the critic who can't handle the criticism back.
Between my conversations with you and reading your posts, it seems that anyone else who makes money in any other way then you see as a "viable" way to make money, is wrong, and won't be able to sustain it going forward. Bob makes 30 mm, on a stock that recovers, and It is an example of poor trading, I trade automated systems on equities and you tell me equities trading is dead. Another guys sells options spreads, and "it works until it puts you out of business!"
You're entitled to your opinion, that's fine...just please don't act like your way is the only way to succeed in the market. The fact is, as long as you are making money, and structure your risk so that no single trade can put you out of business, you are trading well, and have a viable trading strategy. But again, that's just my opinion!
Mike, you are so full of it. If you listened to both those live audio chats, I said in both of them that there is no such thing as a good or bad strategy. There are only good and bad traders. I would put Bob in the category of good traders. But that trade he made was bad. There is no other way to argue that.
Please reference somewhere on those audio chats were I'm telling people how or how not to trade. And Mike, if what you say is true, and I'm pushing people over to how I trade, then surely you should be able to tell everyone here how it is I trade. I'm betting a dime to the dollar you can't do that because I don't discuss how I trade on this forum. So how can I be pushing people over to how I trade? You know, don't answer that.
And btw Mike, at my firm, we have people that trade everything under the sun. We actually have guys that trade pairs!!!! Holy shit, can you believe that Mike? We also have guys that scalp, trade stock, trade futures, trade options. There is no one strategy. So yeah, good job on being wrong yet again.
Seriously man, what is your deal today. Don and I have been having these debates for years. That is what these boards are for. You jump in here out of no where and start attacking me making accusations that clearly are not true. Do you not have an ounce of integrity? You know, don't answer that either Mike. LOL. I'm trying to help you out here.
Anyway, to sum up, I have never told anyone they are wrong on how they trade. I've never promoted my style of trading on these boards. And when I told you equity trading was dead, it is dead!!!! We use to have 50 prop firms trading equities, now we have maybe 3. The vix was at 20 to 30 when I daytraded them, now it's at 10. I never said you can't make money trading dead markets, I just said they were DEAD!!!!!! As long as you keep missing these elementary points, you leave me no choice but to talk down to you. If the shoe fits as they say. LOL.
