How much do you need to realistically make it?

JJ, to me you sound like a gutless coward who is all talk and no action. If 2 - 3 out of 10 trades work for me, sounds like I'll go broke long before 12/15. By your own words taking my $10k should be easy money on your way to demonstrating just what a losing-trader shill I am.

Stick with your attempts to weasel away from my call-out. The back door to sneak out of this bar is right down that dingy hall... go ahead and start crawling towards it :D
 
Show us your stats and then I can decide whether I can beat you or not, in the end of the day, that's what you, as a vendor, IMHO should have provided to encourage subscribers. That is my beef with vendors like yourself. For some reason, you didn't want to publicise it. Bottom line is, I need to know what I am up against.

Secondly, you have chosen Oct-Dec for a good reason IMO, you are a "day swing trader" and I am a "scalper". If you ARE good, we don't know do we, then I stand no chance % return wise, due to the fact that I would be netting 2 points per trade on average and you could be doubling that. So it would be incredibly silly/naive to enter this challenge not knowing your stats.
 
Dear Romik,

Those are excellent points. Here's the deal: A number of vocal antagonists are spouting b.s. opinions about how I cannot trade profitably, my tactics are sh*t, I'm a fraud, I'm a shrill, etc. You've seen the posts, you've seen the asnine, baseless ass umptions on their part.

I'm simply saying this: if the ass umptions that I cannot trade are true, then where's the risk in taking my risk-free $10k?

Your post assumes I am profitable: the gutless detractors publicly state my tactics have no edge, might win 1-3 out of 10 times, couldn't profit even before commissions, etc. That's what the cowards posted for all to see.

So let's go with that as our standard of measure. Let's assume the alias adversaries are correct and I cannot make a dime. What more does anyone need to know? Pull their balls out of their purses, plunk down $10k and show the entire ET world what a failure I am. Watch me flame out in miserable fashion.

Romik, keep in mind I have nothing to prove. <b><u>I'm not trying to sell anything to anyone in here, i.e. zero self-promoting posts anywhere in my history visible for all to confirm.</u></b>

Only the cowardly, insecure weasels hiding in here <b>project their own ass umptions</b> on why I'm posting in this forum. I explained myself blue in the face repeatedly to no avail, now we're all done with that. Prove that I'm all they say I ain't, take the easy $10k and expose me to the world.

How simple is that?

BTW... I always enjoy all of your posts and commentary, Romik :>)
 
Quote from mschey:

You're challenge is that you haven't been able to find an edge, a way to earn a living in the market.

Good luck...excellent work on risk management. Only losing 5k in the course of 4 years says quite a bit about your discipline.
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Any time I see harmful advice, I must counter it.

Being too conservative in what is a risk-based endeavor is every bit as harmful as taking on "too much" risk. Why would you praise this????

It doesn't say quite a bit about discipline, it says quite a bit about fear of pulling the trigger. And lack of focus. And lack of willingness to experience wins/losses, to learn to deal with the fear & greed that traders battle. You can't do that on the sidelines. Or trading 50 share lots. Or even 1 contract.

She has spent 4 years of her life and $350K to survive and has ended up nowhere near being able to trade for a living and ended up basically flat - this is a HUGE LOSS!

She has already admitted to being on the Grail Hunt and has not traded one method long enough with enough real money to even see if it could be viable.

IMO, this is much worse than someone who trades substantial enough size that it matters, trades daily, takes their lumps and spends $50K in losses in a year or two.

This person is at least somewhere close to profitability and has got what they paid tuition for- experience. He/she has experienced the pain of loss and the euphoria of winning and has hopefully developed most of the inner control of those feelings - control that is so necessary to long-term trading. You don't get this sitting there optimizing your indicators. You get this watching the market while you have positions on that are big enough to matter. Learning to cut real losses and take real profits.

And this person has only spent about 1/2 in terms of time/money in order to find out if they have the stomach to be a Pro trader. Which the aforementioned 4 year gal still doesn't really know... so who is it that really ended up on the right side of the math?

You can't learn this business with only one little toe in the water. You gotta jump in and sink/swim.

It cost me $50K to learn how not to lose $50K. And also to learn how to make $50K.
 
Quote from austinp:

Stick with your attempts to weasel away from my call-out. The back door to sneak out of this bar is right down that dingy hall... go ahead and start crawling towards it :D
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Truth to tell, I don't care anything about you or your "call-out". Actually what you're doing is displaying what a huckster you really are.

If you're legit:

a) Post your records.

b) Post your stats.

c) Post your brokerage statements.

and let's be done with it.

Funny, that solution has been promoted here on ET before.

If it's legit, hey your system (or whatever it is you use to trade) makes money, and they'll be falling head-over-heels sending you money orders, checks and western union, you'll be overflowing with your 2k students.

If it's not legit, well, no surprise there.

I already stated the concept of a trade off is asinine, as it compares apple to oranges, and more importantly, doesn't actually teach anyone anything.

So let's see them statements, if the consensus is that they are for real (who was it that posted those fake brokerage statements? :D), your point will have been taken.

Later Huckie,

JJ
 
Quote from austinp:

Dear Romik,

Those are excellent points. Here's the deal: A number of vocal antagonists are spouting b.s. opinions about how I cannot trade profitably, my tactics are sh*t, I'm a fraud, I'm a shrill, etc. You've seen the posts, you've seen the asnine, baseless ass umptions on their part.

I'm simply saying this: if the ass umptions that I cannot trade are true, then where's the risk in taking my risk-free $10k?

Your post assumes I am profitable: the gutless detractors publicly state my tactics have no edge, might win 1-3 out of 10 times, couldn't profit even before commissions, etc. That's what the cowards posted for all to see.

So let's go with that as our standard of measure. Let's assume the alias adversaries are correct and I cannot make a dime. What more does anyone need to know? Pull their balls out of their purses, plunk down $10k and show the entire ET world what a failure I am. Watch me flame out in miserable fashion.

Romik, keep in mind I have nothing to prove. <b><u>I'm not trying to sell anything to anyone in here, i.e. zero self-promoting posts anywhere in my history visible for all to confirm.</u></b>

Only the cowardly, insecure weasels hiding in here <b>project their own ass umptions</b> on why I'm posting in this forum. I explained myself blue in the face repeatedly to no avail, now we're all done with that. Prove that I'm all they say I ain't, take the easy $10k and expose me to the world.

How simple is that?

BTW... I always enjoy all of your posts and commentary, Romik :>)
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I know it will sound harsh, especially in the light of your positive post towards me, BUT even though you do not sell anything on ET, you are still trying to catch out inexperienced traders by your marketing methods. You, as a salesman, are VERY good, I have dealt with a few in the past. I, personally, will never buy from you, until the time you post your system's yearly PnL. It is common sense to me to make it public if the system's based calls reviewed in hindsight analyses are legit.

On the other note, after reading your posts I would say that I actually like you as a person and do believe that you are way more experienced than me. But that is exactly what a great sales person needs - to be liked, to appear trustworthy and to never come across as if he is actually selling.

I respect you for coming out with a challenge publicly.

EDIT: Entering into this challenge can be compared with an invitation to participate in a duel or a fight. Would you take on somebody who says is a good fighter, but does not actually show what he can do? I wouldn't. I wouldn't want to risk losing my teeth, having a bent nose and perhaps other unpleasant possible outcomes. In a challenge of this nature, at least a minimalistic research into the background of an opponent is necessary to reduce risk.
 
<i>"Entering into this challenge can be compared with an invitation to participate in a duel or a fight. Would you take on somebody who says is a good fighter, but does not actually show what he can do? I wouldn't. I wouldn't want to risk losing my teeth, having a bent nose and perhaps other unpleasant possible outcomes. In a challenge of this nature, at least a minimalistic research into the background of an opponent is necessary to reduce risk."</i>

Dear Romik,

You keep assuming there is risk in my offer. The detractors, all of them including Jam have repeatedly written (recorded for posterity) that I have no edge, my methods don't work, I'm a fraud, etc ad nauseum.

They are stating <b>there is zero risk</b> in the proverbial "fight". I'm saying in that case, what's to lose? Bring it on!
 
Jam, your continual attempts to weasel and backpeddle are embarrassing. I honestly thought you were one aspiring trader here who actually had a pair.

What does it take to make you understand I don't want anything from anybody here? You and everyone else can keep your money... I don't want it.

If I ever do want it, here's the deal: I'll begin self-promoting then. I'll post real-time trading results of my operation of the method logic that are profitable over time. Then I'll raise my price to $10,000 and work with a select few people in close, personal fashion. Whoever is/is not interested from there, so be it.

Until I want anything from anyone in this forum, I ain't posting jack s(qua)t for your idle curiosity sake. Make it worth my while to post trade results... stick your dog in the hunt and stop chattering like a school girl.

God Bless, and Best Trading Wishes Always!
Austin
 
Quote from austinp:

<i>"Entering into this challenge can be compared with an invitation to participate in a duel or a fight. Would you take on somebody who says is a good fighter, but does not actually show what he can do? I wouldn't. I wouldn't want to risk losing my teeth, having a bent nose and perhaps other unpleasant possible outcomes. In a challenge of this nature, at least a minimalistic research into the background of an opponent is necessary to reduce risk."</i>

Dear Romik,

You keep assuming there is risk in my offer. The detractors, all of them including Jam have repeatedly written (recorded for posterity) that I have no edge, my methods don't work, I'm a fraud, etc ad nauseum.

They are stating <b>there is zero risk</b> in the proverbial "fight". I'm saying in that case, what's to lose? Bring it on!
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I rest my case then. It will certainly be interesting whether you are taken on your offer by at least one of these people. What's the saying, "assumption - is mother of all fuck-ups".
 
Quote from austinp:

Version, I'm up for a live trade contest versus anyone(s) interested in seeing who-what is an accomplished trader.

Anyone who thinks I won't walk the walk is invited to walk it with me. Let's trade from 10/01 ~ 12/15/2006, any size account $25k or bigger. Each trader is free to trade any style, any symbol, any market. $10,000 entry fee per person. Daily results for all entries can be posted in a thread right here on ET.

Whoever rolls up the highest %gain in this period of time wins all entry fees. If I win, my take of the prize money will be donated to this charity which I support: <b>http://www.hillside.com/Services/index.htm</b>

Wouldn't that be fun, interesting and a positive experience for all? There's anyone's chance to see my PnL results in real time, with real money on the line. How's that sound?
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I don't know who AustinP is, neither do I give a shit who he is. He could be Austin Powers for all I care. However what I do give a shit about are loser paper traders who run around acting like they trade for a living and start giving their loser advice to their fellow suckers. I just don't like that. To all Austin Powers bashers, the man gave you a challenge.

now either put up or SHUT THE FUCK UP. :D
 
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