Here's real verifiable proof 90% lose

[Red_Ink_inc]

Quote from EricP:

Not sure if anyone else noticed, but a prominent former Pristine trainer is listed and was apparently a consistent loser in his Tuco trading. An ET search for this guy's name will yield a positive recommendation for his set of 3 training DVD's, for example. This guy has probably taught 50-100+ seminars, and yet is shown to be a net loser in his own trading.

I hope that new traders that are considering doing business with Oliver Velez, VCM, Pristine, etc. will recognize that smooth talking does not in any way mean that the content is worthwhile.

You mean like this?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2409710>

 

[riskfreetrading]

Quote from EricP:

Not sure if anyone else noticed, but a prominent former Pristine trainer is listed and was apparently a consistent loser in his Tuco trading. An ET search for this guy's name will yield a positive recommendation for his set of 3 training DVD's, for example. This guy has probably taught 50-100+ seminars, and yet is shown to be a net loser in his own trading.

I hope that new traders that are considering doing business with Oliver Velez, VCM, Pristine, etc. will recognize that smooth talking does not in any way mean that the content is worthwhile.

Excellent remark. The name of the trainer please, and the page to look at?

 

[Compulsive]

Quote from EricP:

Not sure if anyone else noticed, but a prominent former Pristine trainer is listed and was apparently a consistent loser in his Tuco trading. An ET search for this guy's name will yield a positive recommendation for his set of 3 training DVD's, for example. This guy has probably taught 50-100+ seminars, and yet is shown to be a net loser in his own trading.

I hope that new traders that are considering doing business with Oliver Velez, VCM, Pristine, etc. will recognize that smooth talking does not in any way mean that the content is worthwhile.

I am glad that you brought that up...but you really want to know something? I got PM from this person (I won't give out his handle name) telling me that it was not cool and I reply back, that I sleep well at night and "he" replies back "i'm sure you do. the seeds are still young, the harvest comes later....WTF, makes me wonder if this guy was in the list.

This list goes to show you, that some are better salesman than they are as traders, but you can't be both

 

[NYC212]

WOW....

Im currently working at a prop shop. doing decent, but this post makes me for sure keep my second job to pay all my bills.

somone took $350k up to 14 million? very nice work!

 

[saliva]

In the ledger, I notice there's more than just a few individuals who started the year in the red. How is this even possible? Doesn't margin call automatically kick in to prevent this from happening (or that your open position gets thrown out with both the baby and the bathwater)?

 

[Aisone]

If everyone around here is as successful as they sound, I must be doomed by statistical fate.

 

[NYC212]

How well do day traders perform? A recent study by the North American Securities Administrators Association suggests that only about 11.5% might trade profitably. (Of course, trading "profitably" does not even mean that they will beat the S&P 500, a performance available at very low cost via the purchase of an index fund.)


According to managers of day-trading firms cited in a Washington Post Magazine article, about 90% of day traders "are washed up within three months." David Shellenberger of the Massachusetts Securities Division has noted that "Most traders will lose all of their money." A principal of a day-trading firm even admitted that "95% [of day traders] will fail in the first two years." Former Securities and Exchange Commission Chairman Arthur Levitt recommends that people only day trade with "money they can afford to lose."

 

[saliva]

Quote from NYC212:

How well do day traders perform? A recent study by the North American Securities Administrators Association suggests that only about 11.5% might trade profitably. (Of course, trading "profitably" does not even mean that they will beat the S&P 500, a performance available at very low cost via the purchase of an index fund.)


According to managers of day-trading firms cited in a Washington Post Magazine article, about 90% of day traders "are washed up within three months." David Shellenberger of the Massachusetts Securities Division has noted that "Most traders will lose all of their money." A principal of a day-trading firm even admitted that "95% [of day traders] will fail in the first two years." Former Securities and Exchange Commission Chairman Arthur Levitt recommends that people only day trade with "money they can afford to lose."

It's a zero-sum game. For every loser, there's a winner. If what you say is true, then why is Uncle Sam imposing Pattern Day Trading garbage on small fries who are already at a significant disadvantage? The reason is simple. They never wanted to level the playing field.

 

[Cutten]

Quote from Compulsive:

WHY HIDE THE NAMES - HERE IS ALL TO SEE - ENJOY - 6MG FILE NAMES STARTS ON PAGE 28 UNTIL 56

http://www.tflinc.com/media/ExhibitA_part1v2.pdf

Interesting, is it legal for the receiver to disclose trader names? I personally would be happy to spend serious $$$ on a lifelong (legal) vendetta against anyone who disclosed my personal info. IMO you should be careful about creating potential conflicts unnecessarily.

 

[Compulsive]

Quote from Cutten:

Interesting, is it legal for the receiver to disclose trader names? I personally would be happy to spend serious $$$ on a lifelong (legal) vendetta against anyone who disclosed my personal info. IMO you should be careful about creating potential conflicts unnecessarily.

It becomes legal, when the US Court publishes it.