How to be a Guru in 10 easy Steps

If you fail to recognize that the most important thing you can do - once you have opened a position - is to manage the risk of that position, then I feel sorry for you and your prospects of making money from the options markets.

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Since you such an expert, PROVE that this method is profitable over the last 5 years. If this is the most important thing, and you are clearly the master at it, we should see great results from you... so...

show audited results.

When you fail to do this, then what you said becomes completely meaningless to anyone.

this is a typical guru-ism used to sell to suckers.

let's say we actually agree that risk is important....clearly, when you don't show results, you are not sure exactly how to manage this risk.

so all you are really saying is "risk".

good job

useless
 
Quote from TheBestGuruEver:

If you fail to recognize that the most important thing you can do - once you have opened a position - is to manage the risk of that position, then I feel sorry for you and your prospects of making money from the options markets.

Yes I wrote that and believe every word.

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Since you such an expert, PROVE that this method is profitable over the last 5 years.

1) The absurdity of your request is illustrated by the fact that you want me to prove that 'this method' is profitable. What method would that be? I never mentioned a method. I don't have a method. I trade and I manage the risk of my positions. In fact the only thing you know about me is that Odd Trader quoted something I wrote for another forum.

2) Where do you get the idea that I claim to be an expert? Surely not because Odd Trader decided to quote me under the heading of 'guru.' Guru is his word, not mine.

3) If you believe that I claim to be an expert, exactly at what do you believe I am claiming to be an expert?

4) Here's the answer: I am an expert at explaining the intricacies of options and how they work to beginners. People who read my work are very pleased and give me outstanding reviews. Thus, my claim is in being an expert teacher. Backed by testimonials.

I provide a blog with much insight to those option rookies. No cost to anyone. I sell a low priced book, to anyone who wants it. It has been widely accepted as an outstanding book, with great reviews and testimonials.

5) How profitable my trading is - is nobody's business. Besides, this is the Internet and no one really believes the claims made by others.

6) My comment is that if you cannot manage risk, you cannot succeed. That is obviously an opinion and not provable fact. But it is an opinion based on more than 32 years as a professional options trader (20 as a CBOE MM).


If this is the most important thing, and you are clearly the master at it, we should see great results from you... so...

show audited results.

When you fail to do this, then what you said becomes completely meaningless to anyone.

7) I do not have audited results, and neither do you. Why in the world would you expect me to have my P/L audited?

I'm not selling a method. I'm not selling anything that has anything to do with my trading results. What is it you want me to audit? The fact that risk management is important?

this is a typical guru-ism used to sell to suckers.

Sell to suckers? What is it that you think I sell. You are chastising me and you have no idea who I am or what I do. I am not a guru and I do not peddle garbage.

let's say we actually agree that risk is important....clearly, when you don't show results, you are not sure exactly how to manage this risk.

Are you admitting that you do not believe that 'risk' is important?

How would my results illustrate how well I manage risk? I could have outstanding results due to pure luck or one gigantic winning trade. How would that show how well risk is managed?

so all you are really saying is "risk".

good job

useless
More...

You anger is misplaced


8) And if I were to show audited results - it would tell you nothing.

I have no 'method.'
I do not sell newsletters.
I do not sell 'picks'
I do not sell a system.

I sell education to beginners. I provide outstanding education at a very low price. I'm not looking to make a living from educating people.

Why are you taking your anger out on me. I made no claims here. I made no outlandish statements. I am not cluttering this board - as Odd Trader is doing.

My opinion is that risk management is the whole ball game. You are free to disagree, but why are you so angry?

Why are you so threatened?

I'm new to this thread, so enlighten me.

Mark
 
I sell education to beginners. I provide outstanding education at a very low price.

-----------------------------

So you SELL EDUCATION, therefore you are a guru.

you are at a higher standard.

without results to know your education is worth even one cent, or perhaps negative....the ENTIRE point of trading is to make money. whose to say your book has any value.

only profitable accounts will prove its worth. don't deny that, as we know you will.

so you are selling education but won't prove your education results in profits?

interesting.

i sell a book on how to educate people regarding making corn.

then people ask, does it work?

HOW DARE THEY ASK ME THAT!!!!

LOL

just another guru who will do anything to hide his "results"

keep talking about everything else...you're right, traders don't care about making money.

oh, they do...

so maybe they need to see that education means money, since you charge for it.

keep avoiding the point.
 
Quote from OddTrader:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1211881&highlight=itm#post1211881

Quote from dagnyt:

"Once those posiitons are on, my job is not that of a trader, but that of a risk manager. I'm going to make lots of money from my positions, unless something bad happens. "
More...

AKA: I can see tomorrow's paper (Surely no any bad thing will happen for my trade) just like JackH do, therefore I, being a better trader than anyone else, am betting so heavily beyond my description! You see!

Read: What a risk manager can do that a trader cannot do!
 
http://www.elitetrader.com/vb/showthread.php?s=&postid=2573133#post2573133

Quote from dagnyt:

Yes, I have.

During expiration week. One or two at a time (for maximum commission pain). Always calls, never puts.

This was many years ago, before there were any deep discount brokers.

In recent years have traded only European options.

Mark
More...

So you don't trade futures, as you mentioned before, while giving advice for trading futures. Now you yourself don't trade American options at all (May I ask Why?), but you provide advice to All traders including traders of American options who do NOT know you have traded only European options (perhaps purposely in order to avoid something very bad from your BAD experience, I would guess).

Amazing!
 
OddTrader,

exactly.

My disclaimer: If you CHARGE for your service, well be prepared to be scrutinized. If you don't think it's fair, then you are admitting to yourself you are a fraud.

You sell "inexpensive" books... LOL

The information likely caused some traders to lose it all.

good investment.

and you shy away from proving your worth.

Keep it up Odd..

you are helping the cause.

:)
 
Quote from TheBestGuruEver:

OddTrader,

exactly.

My disclaimer: If you CHARGE for your service, well be prepared to be scrutinized. If you don't think it's fair, then you are admitting to yourself you are a fraud.

:)
More...
+1 :D

Now that's a clarion call for ProfLogic aka (instert mltiple alias) to storm the thread and start laughing, cajoling, argueing and whining his way into getting people to actually belive his stuff-n-nonsense. :p

Th guy charges hundreds for his books and thousands for his seminars ... no wonder he trolls ET so much! :eek: :D

Everyone else have a good week of trading, ProfLogic ... have a good week trolling. :)
 
I followed this thread up until the point it became a pissing match between a steve multi alias and mandlebrot and trader666. I've not gotten much out of the thread since my last post, other than to expose an attention getting alias.

Other than that, I guess the theme of the thread is still in the first post. Now the how to be a guru in 5 hard steps has to be proven, and the only site that you can do that on is available at covestor.com, but the real issue is that real results don't look quite as good as hypothetical ones, but that is just because that real results factor in unforseen circumstances applicable to each specific trade. Anyway, at some point I will be on that site as a vendor, and I'm working on it currently.
 
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