Don Bright's OO YTD Results-WOW!

[mergerarb]

WOW! I made it on the FBI’s 10 Most Wanted List! I can’t believe I am a criminal.

Let’s go over exactly what I assumed in my post that generating such persecution.

Quote from mergerarb:

Based on Don's posts in his OO Journal, I calculated that he has made approx. $27k YTD-Gross Profit and the typical trader would have netted only $14.4k. Please see attached spreadsheet for all calculations.

Anybody doing opening orders have better results?

The opening order spreadsheet that was attached has been removed by the administrator because its accuracy has been disputed. For future reference, if you are posting the results of someone else's trades, please consult that person first to ensure that the results, and the data those results are based upon, is accurate before posting it on a public forum

I looked up Don’s posts in his PUBLIC Opening Orders Journal and recorded all the days he stated a profit or loss from his opening orders. I did not state that these were from his personal trading account. My excel spreadsheet listed the date and P&L amount that Don stated he made on that particular day. Example:

Don Bright
Bright Trading
Registered: Oct 2001
Posts: 2975
07-07-03 02:49 PM
Monday Morning....

OK, filled on 3, profits on 2....+$280.

(coulda been more).....

Don

__________________
Don Bright (not an alias)
http://www.stocktrading.com


I summed up all of the days he posted OO P&L info to arrive @ YTD amount. I assumed this was gross profit.

I then calculated what a typical trader would have netted based on what I thought were typical commissions and expenses. I did not say that Don netted this amount only what I thought a typical trader would take home. My inputs were 2000 share lots and a commission rate of .01 per share. Plus, what Bright used to charge for a seat fee as stated on their website. When Don stated that he was filled on 3 lots, I assumed for each fill the typical trader would have commission costs on 4000 shares ( 2000 in and 2000 out). My spreadsheet simply contained all of the calculations.

What’s the problem, why can’t I add up figures from someone who is posting information on a public forum? I STATED THIS VERY CLEARLY. Someone else add up the P&L amounts on Don’s OO Journal. Please Administrator help out the little guy - what are the exact rules?

What about harassment? Where do you draw the line? I am afraid to post any more info.

 

[maggandre]

Quote from mergerarb:

WOW! I made it on the FBI’s 10 Most Wanted List! I can’t believe I am a criminal.

Let’s go over exactly what I assumed in my post that generating such persecution.




I looked up Don’s posts in his PUBLIC Opening Orders Journal and recorded all the days he stated a profit or loss from his opening orders. I did not state that these were from his personal trading account. My excel spreadsheet listed the date and P&L amount that Don stated he made on that particular day. Example:

Don Bright
Bright Trading
Registered: Oct 2001
Posts: 2975
07-07-03 02:49 PM
Monday Morning....

OK, filled on 3, profits on 2....+$280.

(coulda been more).....

Don

__________________
Don Bright (not an alias)
http://www.stocktrading.com


I summed up all of the days he posted OO P&L info to arrive @ YTD amount. I assumed this was gross profit.

I then calculated what a typical trader would have netted based on what I thought were typical commissions and expenses. I did not say that Don netted this amount only what I thought a typical trader would take home. My inputs were 2000 share lots and a commission rate of .01 per share. Plus, what Bright used to charge for a seat fee as stated on their website. When Don stated that he was filled on 3 lots, I assumed for each fill the typical trader would have commission costs on 4000 shares ( 2000 in and 2000 out). My spreadsheet simply contained all of the calculations.

What’s the problem, why can’t I add up figures from someone who is posting information on a public forum? I STATED THIS VERY CLEARLY. Someone else add up the P&L amounts on Don’s OO Journal. Please Administrator help out the little guy - what are the exact rules?

What about harassment? Where do you draw the line? I am afraid to post any more info.

Sounds pretty reasonable to me. I don't know why people are jumping your ass or removing your spreadsheet.

I don't see how you have much to worry about in the way of legal action. If someone posts their results in a public forum, I don't see the harm in someone else compiling and summing those results.

It seems some here are wound pretty tight!

 

[jem]

hey, I would not worry too much about the legal threat. I do not even know what is offensive about the post. Were the totals correct based on Don's posts or not?

And then lescor said hey thats good money for 20 minutes a day. I thought Don was looking pretty good after your post and I will bet a lot of other people did also.

 

[GHansen]

Quote from mergerarb:

What’s the problem, why can’t I add up figures from someone who is posting information on a public forum? I STATED THIS VERY CLEARLY. Someone else add up the P&L amounts on Don’s OO Journal. Please Administrator help out the little guy - what are the exact rules?

What about harassment? Where do you draw the line? I am afraid to post any more info.

Assuming your numbers are correct (or close), you did nothing wrong and everything right. Somebody has to hold this guy accountable. This opening-only BS is fools gold. The specialists know people play this game. That and the fact that everyone and their dog are playing this idiotic strategy, is a recipe for failure.

Don, the only one you should sue is yourself, for false "advertising."

KINDLY NOTE: THIS IS JUST MY (POSSIBLY INCORRECT) OPINION DON. PLEASE DON'T ISSUE ME A SUMMONS.

 

[Don Bright]

lighten up eveyone....just send my PM for more exacting details.....I'v simply tried to helpwith everyone's strateies....

Don

Quote from GHansen:





Assuming your numbers are correct (or close), you did nothing wrong and everything right. Somebody has to hold this guy accountable. This opening-only BS is fools gold. The specialists know people play this game. That and the fact that everyone and their dog are playing this idiotic strategy, is a recipe for failure.

Don, the only one you should sue is yourself, for false "advertising."

KINDLY NOTE: THIS IS JUST MY (POSSIBLY INCORRECT) OPINION DON. PLEASE DON'T ISSUE ME A SUMMONS.

 

[TM_Direct]

Quote from Don Bright:

lighten up everyone....just send my PM for more exacting details.....I've simply tried to helpwith everyone's strategies....

Don

No offense O'great one...but i think it's YOU who need to lighten up a little....unless there's something we still don't know?????

whatever, nice day for you though...questions though: are you done for the day? I too play the open and then wait until later in the day ands see if i like something...if I read your previous posts right...are you saying that's it for the day?
thanks
tm

 

[OPTIONAL777]

Quote from TM_Direct:

Quote from Don Bright:

lighten up everyone....just send my PM for more exacting details.....I've simply tried to helpwith everyone's strategies....

Don[

QUOTE]Quote from GHansen:

No offense O'great one...but i think it's YOU who need to lighten up a little....unless there's something we still don't know?????

whatever, nice day for you though...questions though: are you done for the day? I too play the open and then wait until later in the day ands see if i like something...if I read your previous posts right...are you saying that's it for the day?
thanks
tm

That is just Don's way of admitting he was wrong.

Typical Don....he overreacts then tells everyone else to lighten up.

Who the hell got heavy with the threats of police and legal action?

 

[max401]

Quote from OPTIONAL777:

Who the hell got heavy with the threats of police and legal action?

He must be hanging around with RS7 of late.

 

[mergerarb]

I would like to fun this wkend. What's the deal? Don, you're done working for the day - add up your posts on your ET OO journal and tell me if my totals are wrong. Remember, only the posts on your ET OO journal that are in a public forum. Maybe you should start a running total if you are going to post daily amounts.

 

[lescor]

Quote from GHansen:


This opening-only BS is fools gold. The specialists know people play this game. That and the fact that everyone and their dog are playing this idiotic strategy, is a recipe for failure.

HA! Let me guess- you've tried it and got creamed, or you know people (losing traders) who have. Ya gotta know how to trade bud, sorry if that's a problem for you.

Up $900 this morning, this fool's going waterskiing. Have a nice weekend.