Engineer looking to make a career change into trading (PART II)

Quote from bone:

You would have no clue as to what possibly happens outside of that grain pit you stand in every day. In fact, you are stupid enough to stand in a pit where as of yesterday's settlement sheet Globex did ten times the volume in grains as the pit did. Idiot floor trader.
More...

Temper,temper. Dont' trade on the floor anymore. You sound more and more like someone who lost a lot of money trading on the floor and is resentful towards all floor traders. The funny part is that you try to pass yourself off as a seasoned floor trader. Don't be embarrassed, lots of people didn't make it as locals. But I would try to do something about the anger issues.

Regards, local
 
Quote from local:

Dont' trade on the floor anymore.
Regards, local
More...

Then you had better change all of those posts in the grain forums where you rant on and on about your floor trading exploits to boring excess.
 
Quote from bone:

Then you had better change all of those posts in the grain forums where you rant on and on about your floor trading exploits to boring excess.
More...


Apparently not so boring that you don't read them. Perhaps learning something, like arbitrage for example. I know you think I invented arbitrage but I must confess, it has been around from the time futures were invented. Same goes for carrying charges.
Have to go, let's talk later Bernie, I mean Bone.

Regards, local
 
Quote from bone:

Anyone care to wager that the upper tier algo shops and the well-known progressive black box firms have more engineers than liberal arts majors on the staff ?
More...

I would agree with that.
 
Quote from local:You sound more and more like someone who lost a lot of money trading on the floor and is resentful towards all floor traders. The funny part is that you try to pass yourself off as a seasoned floor trader. Regards, local
More...

Quote from local:I don't really think you have any clients, posting 10 times/day doesn't leave you much time does it ?) Regards, local
More...

You keep trolling for me, and posting the same lies. Tell you what, local, put your money where your mouth is. $10K cash bet.

I have a short drive in to the loop, and a hard copy file folder with just shy of four years of TransMarket Group Clearing statements and floor lease forms proving I was a profitable and successful floor trader who traded my own account and left the floor to help start up the Commonwealth Edison Energy Trading Group downtown in 1996. If you want, Ray Cahnman can vouch for me personally. I even have my ComEd Senior Energy Trader contract dated 1996 with a starting salary base of $174K replete with a tiered performance bonus structure and an extensive non-compete.

In terms of my client business, I have just under 60 clients who are also ET members, and I have formal written contracts on file and contact info for them as well.

Care to bet that you are not a compete liar regarding my background ? $10K cash. I can be downtown in 30 minutes.
 
Sounds like a nice bluff ;)

I had seen the same bluff from Austin Passamonte, also a vendor in ET, who solicited business in ET but who is too cheap to even register as a sponsor.

The URL for that stunt:

http://www.elitetrader.com/vb/showthread.php?threadid=76506

Disclaimer: I don't know who bone is, I am not suggesting nor implying that bone is not a legitimate vendor, but do know that Austin Passamonte is a liar, he never traded profitably but he claimed that he had, and when challenged to show a proof, he pull that $10k stunt. Read for yourself!
 
Nope, not a bluff. And I have paid for an ET sponsorship for two years, and I have 59 clients who are current ET members.
 
Quote from bone:

Nope, not a bluff. And I have paid for an ET sponsorship for two years, and I have 59 clients who are current ET members.
More...

It certainly is a better business for those who are struggling to make a profit in trading to instead find 59 people to pay them for their "advice", because that's all gain and no risk.

But if I am so good in spread trading or whatever you do, I wouldn't sell my "advice" for $6000 or whatever a small sum of money compared to what I can just trade my own "advice" and make a bigger fortune, why would I waste my time and energy, distract myself from trading my own "Holy Grail" strategies that would make me so much more money, to work tirelessly everyday in ET looking to find a new client or two who would pay me $6000 for six months (or 12 months, I don'r remember your price list)?

But may be I am too dumb, not as smart as you are, I just couldn't figure out why on earth a smart, successful trader, big-name nuclear scientist, would develop Holy Grail spread trading strategies that would make yourself so much money, would want to become a vendor of 59 "clients" from an internet forum consists of mostly non-professional trader-want-to-be's?

May be you can enlighten me?

edit: After I hit the submit button, I realized how dumb I really was: 59 times $6000 is a nice little sum of $354,000! and that's just 59 clients from ET alone!

May be I should stop trading and become a vendor too! hmmm...
 
Quote from uesr33:

May be I should stop trading and become a vendor too! hmmm...
More...

Better yet, do both and create a trading empire. Take on some clients who have made more money in their twenties than you have made in a lifetime... and improve your own trading based upon those relationships and shared knowledge. Build a client list that resembles a large hedge fund staff in terms of their own individual backgrounds on a collective basis.
 
You must log in or register to reply here.
Back
Top