Has this place died?

marketsurfer · Nov 28, 2014

Maverick74 said:
Baron, I'm not talking about overall intelligence. Rather intelligence as it relates to quantitative analysis and trading. A pilot knows more then a Doctor about flying and a Doctor knows more about medicine then a pilot. THAT is the problem. As you pointed out, doctors and pilots come to this website with ZERO quantitative background or even a basic understanding of simple math. LOL. You would be shocked how many people on here can't even compute a compounded return vs a simple return. It's why you have doctors on this very website that say things like, I just want to make 15% a month, that's all. If they had just a f*cking basic understanding of numbers, they would know that at 15% a month they would own the entire world 5 times over in 10 years. But I'm sure the guy knows a lot about high blood pressure and statin drugs. Hell there are PHDs on here that still think selling out of the money puts is free money. LOL.

I find engineers are the most arrogant when it comes to "thinking" they can beat the stock market. My father happens to be one, so I am not down on engineers as a whole, but their linear thinking just does not mix well with the financial markets generally.

Maverick74 · Nov 28, 2014

Surf, Metoxx never "posted" those edges on ET. He "hired" guys from ET to work for him. There is difference. He never started a thread and said this is what we do.

Yes, I have also met great people on here. Lots. But that is a different topic entirely. ET can be a great networking tool for the people who are not anti-social hobbits with 30 aliases who get their rocks off debating themselves in 10 different threads. I have always encouraged people to meet others in person. I was willing to meet anyone who called in Chicago and many on here did. I even flew to NY and CA to meet fellow Eters.

eusdaiki · Nov 28, 2014

Maverick74 said:
Absolutely. ET's greatest asset is probably it's archives. For the initiated, there is a priceless amount of good info tucked away in the archives. But very few newbies these days really come here to learn. I think the culture has changed there as well.

a big part of those great things in the archives are from your old posts!

marketsurfer · Nov 28, 2014

Maverick74 said:
Surf, Metoxx never "posted" those edges on ET. He "hired" guys from ET to work for him. There is difference. He never started a thread and said this is what we do.

Yes, I have also met great people on here. Lots. But that is a different topic entirely. ET can be a great networking tool for the people who are not anti-social hobbits with 30 aliases who get their rocks off debating themselves in 10 different threads. I have always encouraged people to meet others in person. I was willing to meet anyone who called in Chicago and many on here did. I even flew to NY and CA to meet fellow Eters.

True, but the "god like" edge he had for awhile was available to elite traders if they just asked him. He even provided the money to trade the edge. Unreal!! We will never see that again.

Yeah, the networking was unreal-- I pray that returns but I doubt it---- i even had to shut down the surf fests due to threats from assclowns and stealth vendors- it just wasn't worth it----- surf

destriero · Nov 28, 2014

marketsurfer said:
True, but the "god like" edge he had for awhile was available to elite traders if they just asked him. He even provided the money to trade the edge. Unreal!! We will never see that again.

Yeah, the networking was unreal-- I pray that returns but I doubt it---- i even had to shut down the surf fests due to threats from assclowns and stealth vendors- it just wasn't worth it----- surf

The "joint industry plan" order of July 2000 killed any crossed, inter-market arbitrage on listed options in the US within a few months. Metooxx had a front-end for markets that were "00 x 00" but were not crossed. That is not an arbitrage.

dealmaker · Nov 28, 2014

Maverick74 said:
Baron, I'm not talking about overall intelligence. Rather intelligence as it relates to quantitative analysis and trading. A pilot knows more then a Doctor about flying and a Doctor knows more about medicine then a pilot. THAT is the problem. As you pointed out, doctors and pilots come to this website with ZERO quantitative background or even a basic understanding of simple math. LOL. You would be shocked how many people on here can't even compute a compounded return vs a simple return. It's why you have doctors on this very website that say things like, I just want to make 15% a month, that's all. If they had just a f*cking basic understanding of numbers, they would know that at 15% a month they would own the entire world 5 times over in 10 years. But I'm sure the guy knows a lot about high blood pressure and statin drugs. Hell there are PHDs on here that still think selling out of the money puts is free money. LOL.

Most of us in this world are sheeps

Maverick74 said:
This comes back to intellect though. I've never practiced medicine a day in my life but I know it's not easy becoming a doctor. Intelligent people understand that you can't become a millionaire or billionaire easily doing anything. Nor do they ever expect. But the children who are attracted to this site that giggle at the thought one needs to have some mathematical or statistical knowledge think they can make billions with moving averages and colorful charts. That's just who this site attracts these days. I have no idea how they are getting linked here.

I don't agree with monetization aspect it will attract vultures after low hanging fruit and there are plenty of sites already doing a good job at that eg UpDown however most on that site are not trading for a living and payout is so small that I doubt anyone here will share a working edge for pittance. Most people this planet are sheeps therefore intelligence/ common sense has nothing to do with it....

ps I already see members adding value without pay

Maverick74 · Nov 28, 2014

dealmaker said:
Most of us in this world are sheeps

I don't agree with monetization aspect it will attract vultures after low hanging fruit and there are plenty of sites already doing a good job at that eg UpDown however most on that site are not trading for a living and payout is so small that I doubt anyone here will share a working edge for pittance. Most people this planet are sheeps therefore intelligence/ common sense has nothing to do with it....

ps I already see members adding value without pay

The pay is not for giving out your edge. LOL. And you don't "pay" them anything. And they don't "give" you anything. And how are vultures going after low hanging fruit? LOL. Can't they do that here? Under the other model they wouldn't be able to.

kut2k2 · Nov 28, 2014

sellindexvol66 said:
... this guy and his wife were lulled in to an options guru (gary williams) 7 years ago with spreadsheets promises of 25% gains per month with his system....

Here's the 411 on Gary Williams. Most of his supporters are the typical one-post shills we know to expect in this type of discussion.

http://www.elitetrader.com/et/index.php?threads/gary-williams.111940/

dealmaker · Nov 28, 2014

Maverick74 said:
The pay is not for giving out your edge. LOL. And you don't "pay" them anything. And they don't "give" you anything. And how are vultures going after low hanging fruit? LOL. Can't they do that here? Under the other model they wouldn't be able to.

There are members already providing value eg you with your industry knowledge, NoDoji, dbphoenix on trading specifics, stock 777 on creating this thread etc...

Maverick74 · Nov 28, 2014

dealmaker said:
There are members already providing value eg you with your industry knowledge, NoDoji, dbphoenix on trading specifics, stock 777 on creating this thread etc...

I think we are talking about completely different things. Nevermind...