Quote from riskymove:
For all the readers to know - I spent a lot of time in the index futures room back in 2007 when Pek was also in there. So I have been observing him for quite some time. He even offered to mentor me, which I found quite insulting given that a) he never disclosed any trades thereby making it impossible to know if he made any money or not and b) I have been a trader for quite some time, a long time before I came around to ET. So having some guy I had never met offering to mentor me when I had no clue as to his success or failure (since he never disclosed it) was insulting.
But the problem with everyone of his calls is they are about as vague as they come. They are always made after the market has moved. He has never said we are going here and you could sell/short or we are going there and you could buy/cover. Not once. Further, he never says he's in a trade. There is no stop, no target. Zilch, nothing, nada.
I say this because I see a lot of newbies come in here and speak about his "great calls" etc quite a bit. And I am just trying to point out to anyone there while what he says may make sense (because it is posted after the fact) it is basically useless on a real time basis.
So I am sure I will get flamed - but I don't really care. If pek can post a trade or two with a stop and a level - before the market actually moves then I will stand aside. But your calls are worthless in my eyes.
And you can call me an idiot moron or whatever your flavor pek. My pnl doesn't really care!
