This is going to be a long post, so I am sure that most of you pathetic peons will not be able to read the entire thing, for that I apologize. For the rest of you, let me introduce myself. My name is David Smith. I am in charge of a small (what some may call a boutique) hedge fund and I am also a venture capitalist. The things I intend to post here are not meant to be specific for any individual on these boards. They are rather a wake up call for most of you.
Time after time I find myself quickly glancing over the post on these boards just to be entertained by some of the loquacious dim witted peons that frequent this âelite traderâ establishment. For months I always knew that on any given Saturday I could visit these boards and be assured to find something of humor. The sad truth is that at the time of their posts the writer did not intend for their words to be humorous at all. Rather they were under the belief that they were providing insight, into a complicated and precarious market. For one reason or another, writers on this board have made themselves out to be market âgurusâ of some type. While the insight provided in their words seems more like that of a child. One who completely lacks all knowledge or understanding of the ways in which a complex market functions. Someone with absolutely no understanding of even most simplified economic or business situations.
Sadly enough there is still those with even less intelligence then the previously mentioned âgurusâ. These people read every word with great intent hopping, wishing that they too may one day have the knowledge possessed by the Elite Trader âelite membersâ. These pathetic individuals think that someone one these boards will provide to them the holy grail of the trading world; that one piece of insight that will forever make them a profitable trader. But, it is not just a holy grail that they seek. No they seek a grail of great knowledge that is uncomplicated enough for a child to understand. Any form of complex thinking is way out of their grasp. Their high school diplomas do not provide them with any means of understanding anything more than worthless drivel. They seek to find great wealth in staring at charts and indicators throughout their days. Never understanding what those very charts are telling them about the market they claim to love.
These are people who think that they will take a five thousand dollar account and turn it into a lifetime of riches. These are people who think that they, with no knowledge of the markets, will be able to trade mini index contracts by just understanding fundamental indicators such as support and resistance and simple moving averages. These people may not dream of becoming rich but surely they should be able to support themselves and their families on their trading income. Oh, just 2 points per day would be all they would ever need. With all of the volatility in todayâs markets this should be a simple feat, one which even they could attain.
While dim witted, they are still intelligent enough to understand that they will need to have some market knowledge. The first place they will look is of course the library. The library is a place where many of these wild dreamers have never been before. There they will be able to find all of the knowledge one man could ever need. This however is where they run face first into there biggest problem, KNOWLEDGE. Every good book on the shelves was written by someone with a vast majority of knowledge. The principles and concepts presented in the books are far beyond what their childish minds could ever begin to understand. Although they read the pages over and over they will never hear what they want to hear. But they persists, they will find someone who will teach them to trade. EliteTrader.com the number one site for active traders. Where they can come and be taught by people with little or no knowledge at all. People who claim to trade for living but in reality they work two jobs trying to support themselves. Now we have the blind leading the blind. Neither one of them has any clue as to where they are going but they are happy just to be together.
This type of childish teaching was fine, even funny at times. Now there exists an even bigger problem on these boards. That people on these very boards claim not just to be market âgurusâ but universal âgurusâ. Sad and pathetic individuals who find it fun to hide behind a factious screen name. Masquerading around with a name of a factious movie character like, Gordon Gekko. Some making up cute little names about things they would like to be, like âtrader1â implying that they are a trader. Or maybe something like âaxemanâ perhaps implying that they are good at âshadowing the axeâ. Some find it humorous to change between many different names. Posting worthless advice under one alias and then commenting on how smart they are under a different alias. (This is a much deeper problem then I care to explore on these boards.) These people are pathetic, lowlife, worthless individuals. They claim to know all, while in reality (where some of us live) they know nothing.
These people claim they have been studying the markets for years; while at the same time asking stupid questions like, âwhy are the spreads so large after hours?â and âwhat is a e-mini?â I can only assume that when working a couple full-time jobs they do not have as much time to study the markets as they claim. But not to worry, these people know everything. They are great scientist and mathematicians. They have figured out all there is to know about our lives and our universe. They are much more intelligent then anyone who reads the bible and they will prove it by discrediting anything someone says about God. We dare not challenge there infinite wisdom with our biblical understandings or they will surely shoot us down and send us running from these boards with our tail between our legs. These are creatures with the highest of intellect. They have not only been taught by the brightest and most intelligent people to ever grace the earth but they are now even more intelligent then those who taught them. We should all bow down to their great intelligence and listen as they reveal all of the mysteries of life.
So, you great wonders of the universe, with all of your wisdom please, oh please tell us just this one simple thing. How can I make five cents on my hundred shares of Microsoft? You are (by your own testimony) the most intelligent people on the face of the earth. I find it only safe to assume that will all of your knowledge you are also rich and very skilled traders. So please, tell us all your secrets, you who possess such great knowledge. Oh wait, come to think of I have never seen any of you write anything worth reading. Instead I read quotes of such intellect as âf the bibleâ. Wow, that one really helped me out. You are the saddest losers I have ever heard. You claim to be the most intelligent creatures God has ever made, yet you still have nothing of value to write. I wonder then why you read Elite Trader at all. Now I think I have figured it out. This is the only place on earth where people are actually less intelligent than yourselves. It must make you feel so special to have people who want to listen to all of the worthless crap that flows from your mouth.
Here is an idea from someone who actually makes money from the market. GET A LIFE! Yes, you read that correctly. You are in desperate need of a life. You know, something to do besides sit in front of your computer, staring at the bodies of naked women and bragging about how smart you are on an anonymous message forum. Just to let you know there are people out there who do make money from trading. That must be shocking to most of you. Here is something else, itâs hard work. It is going to take a bit more than just waking up and sitting in front of your computer all day. It is going to take knowledge and skill. That means you need to try and learn something that you donât already know. (Yes, such information does exists) You are not going to have all the time in the world to post your stupid incomplete thoughts on the Elite Trader message boards. (Sorry if that means you will have to lose all of your friends. I am sure that if you really apply yourselves you will make new friends, in a place called reality.)
I can tell that some people on this board actually do make money from trading. My question for these people, what do you get from posting on these boards? Does it make you feel as if you are helping others that may be less fortunate than yourselves? You may need to remember that most of the people on these boards have not a clue as to what you are trying to teach. I myself could go on and on about some great arbitrage strategies but why? I would guess that there is only a small hand full of people here that could even begin to understand them. And I am positive that there is not a person here with the capital to carry them out......
Time after time I find myself quickly glancing over the post on these boards just to be entertained by some of the loquacious dim witted peons that frequent this âelite traderâ establishment. For months I always knew that on any given Saturday I could visit these boards and be assured to find something of humor. The sad truth is that at the time of their posts the writer did not intend for their words to be humorous at all. Rather they were under the belief that they were providing insight, into a complicated and precarious market. For one reason or another, writers on this board have made themselves out to be market âgurusâ of some type. While the insight provided in their words seems more like that of a child. One who completely lacks all knowledge or understanding of the ways in which a complex market functions. Someone with absolutely no understanding of even most simplified economic or business situations.
Sadly enough there is still those with even less intelligence then the previously mentioned âgurusâ. These people read every word with great intent hopping, wishing that they too may one day have the knowledge possessed by the Elite Trader âelite membersâ. These pathetic individuals think that someone one these boards will provide to them the holy grail of the trading world; that one piece of insight that will forever make them a profitable trader. But, it is not just a holy grail that they seek. No they seek a grail of great knowledge that is uncomplicated enough for a child to understand. Any form of complex thinking is way out of their grasp. Their high school diplomas do not provide them with any means of understanding anything more than worthless drivel. They seek to find great wealth in staring at charts and indicators throughout their days. Never understanding what those very charts are telling them about the market they claim to love.
These are people who think that they will take a five thousand dollar account and turn it into a lifetime of riches. These are people who think that they, with no knowledge of the markets, will be able to trade mini index contracts by just understanding fundamental indicators such as support and resistance and simple moving averages. These people may not dream of becoming rich but surely they should be able to support themselves and their families on their trading income. Oh, just 2 points per day would be all they would ever need. With all of the volatility in todayâs markets this should be a simple feat, one which even they could attain.
While dim witted, they are still intelligent enough to understand that they will need to have some market knowledge. The first place they will look is of course the library. The library is a place where many of these wild dreamers have never been before. There they will be able to find all of the knowledge one man could ever need. This however is where they run face first into there biggest problem, KNOWLEDGE. Every good book on the shelves was written by someone with a vast majority of knowledge. The principles and concepts presented in the books are far beyond what their childish minds could ever begin to understand. Although they read the pages over and over they will never hear what they want to hear. But they persists, they will find someone who will teach them to trade. EliteTrader.com the number one site for active traders. Where they can come and be taught by people with little or no knowledge at all. People who claim to trade for living but in reality they work two jobs trying to support themselves. Now we have the blind leading the blind. Neither one of them has any clue as to where they are going but they are happy just to be together.
This type of childish teaching was fine, even funny at times. Now there exists an even bigger problem on these boards. That people on these very boards claim not just to be market âgurusâ but universal âgurusâ. Sad and pathetic individuals who find it fun to hide behind a factious screen name. Masquerading around with a name of a factious movie character like, Gordon Gekko. Some making up cute little names about things they would like to be, like âtrader1â implying that they are a trader. Or maybe something like âaxemanâ perhaps implying that they are good at âshadowing the axeâ. Some find it humorous to change between many different names. Posting worthless advice under one alias and then commenting on how smart they are under a different alias. (This is a much deeper problem then I care to explore on these boards.) These people are pathetic, lowlife, worthless individuals. They claim to know all, while in reality (where some of us live) they know nothing.
These people claim they have been studying the markets for years; while at the same time asking stupid questions like, âwhy are the spreads so large after hours?â and âwhat is a e-mini?â I can only assume that when working a couple full-time jobs they do not have as much time to study the markets as they claim. But not to worry, these people know everything. They are great scientist and mathematicians. They have figured out all there is to know about our lives and our universe. They are much more intelligent then anyone who reads the bible and they will prove it by discrediting anything someone says about God. We dare not challenge there infinite wisdom with our biblical understandings or they will surely shoot us down and send us running from these boards with our tail between our legs. These are creatures with the highest of intellect. They have not only been taught by the brightest and most intelligent people to ever grace the earth but they are now even more intelligent then those who taught them. We should all bow down to their great intelligence and listen as they reveal all of the mysteries of life.
So, you great wonders of the universe, with all of your wisdom please, oh please tell us just this one simple thing. How can I make five cents on my hundred shares of Microsoft? You are (by your own testimony) the most intelligent people on the face of the earth. I find it only safe to assume that will all of your knowledge you are also rich and very skilled traders. So please, tell us all your secrets, you who possess such great knowledge. Oh wait, come to think of I have never seen any of you write anything worth reading. Instead I read quotes of such intellect as âf the bibleâ. Wow, that one really helped me out. You are the saddest losers I have ever heard. You claim to be the most intelligent creatures God has ever made, yet you still have nothing of value to write. I wonder then why you read Elite Trader at all. Now I think I have figured it out. This is the only place on earth where people are actually less intelligent than yourselves. It must make you feel so special to have people who want to listen to all of the worthless crap that flows from your mouth.
Here is an idea from someone who actually makes money from the market. GET A LIFE! Yes, you read that correctly. You are in desperate need of a life. You know, something to do besides sit in front of your computer, staring at the bodies of naked women and bragging about how smart you are on an anonymous message forum. Just to let you know there are people out there who do make money from trading. That must be shocking to most of you. Here is something else, itâs hard work. It is going to take a bit more than just waking up and sitting in front of your computer all day. It is going to take knowledge and skill. That means you need to try and learn something that you donât already know. (Yes, such information does exists) You are not going to have all the time in the world to post your stupid incomplete thoughts on the Elite Trader message boards. (Sorry if that means you will have to lose all of your friends. I am sure that if you really apply yourselves you will make new friends, in a place called reality.)
I can tell that some people on this board actually do make money from trading. My question for these people, what do you get from posting on these boards? Does it make you feel as if you are helping others that may be less fortunate than yourselves? You may need to remember that most of the people on these boards have not a clue as to what you are trying to teach. I myself could go on and on about some great arbitrage strategies but why? I would guess that there is only a small hand full of people here that could even begin to understand them. And I am positive that there is not a person here with the capital to carry them out......
