How to be a Guru in 10 easy Steps

TheBestGuruEver · Sep 14, 2009

LOL. Why do you keep referencing a thread that i sell 10 ES at 931 and end up getting out at 892?

Sure, I sell way more than buy, and that is bad...

and i never try to sell crap, even though that trade likely crushed all gurus trying to peddle crap.

at least pick a loser, not this one..

maybe i'll do a new swing short in the next few days so you can have fun.

OddTrader · Sep 14, 2009

Quote from MandelbrotSet:

Here's an emial I just sent to dagnyt:

You obviously ...

Are not one of the (many) pretenders and (multiple-alias) frauds that populate ET and look to sell their services and wares, or make incredulous statements purely for the sake of their over-blown egocentricity.

When flame war ends and the trolling stops, I hope your post(s) will remain for those who come behind me to read and understand your wisdom.

Good trading

***
ET is like going treasure hunting on a beach with electronic metal detector ... every now and then you just might find something worthwhile.

Certainly insightful!

http://www.elitetrader.com/vb/showthread.php?s=&postid=2574654#post2574654

Quote from OddTrader:

I think a holy grail of trading methods must make lots of money (for only $29.99)!

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

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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. "

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http://www.elitetrader.com/vb/showthread.php?s=&postid=2573640#post2573640

OddTrader · Sep 14, 2009

Quote from TheBestGuruEver:

LOL. Why do you keep referencing a thread that i sell 10 ES at 931 and end up getting out at 892?

Perhaps just like you, I couldn't read too much of JackH's writing to respond?

Your writing is OK!

Guru Step #11: Must learn writing from JackH!

ET-trollbuster · Sep 14, 2009

Quote from TheBestGuruEver:

even though that trade likely crushed all gurus trying to peddle crap.

BWHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!

stop it, youre killing us. the part about where you act all serious as if it were a real trade. it kills us everytime we even think about that.

thankyou for the classic comedy bit. you should take that act on the road. waste of your truest and only talent here

OddTrader · Sep 14, 2009

Quote from OddTrader:

Do you think he or his students can do a better job than other professional Sellers like Max?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=134455&perpage=40&pagenumber=15

More can be found here:

Quote from OddTrader:

Would like to look at some sites for money managers (with whether good or bad performance) mainly trading Options.

Any pointers, thanks!?

Here are some links from searching ET posts:

Riskarb HighSharpe
http://www.collective2.com/cgi-perl...374&session=111403206981787538224933515086248

Pinnacle Trading
http://www.collective2.com/cgi-perl...emid=9700583&want=publicdetails&fromoutside=1

Riskarb HighSharpe
http://www.collective2.com/cgi-perl...447&session=111403206981787538224933515086248

OddTrader · Sep 14, 2009

http://www.elitetrader.com/vb/showthread.php?s=&postid=2573133#post2573133

Quote from dagnyt:

------------------------------------------------
Quote from OddTrader:

Quote
I've never traded futures options and probably should not have replied.

Mark
Unquote

Mark, have you ever got any early assignments? Yes or No?

I've been awaiting your answers (for this particular question)!

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

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

Why would you keep telling people repeatedly that early assignment is OK and hedged? And you yourself sell only European options (that cannot have early assignment)!

You understand risk too well and too much, I guess!

And you transfer your knowledge to ALL traders of options for stocks, futures and else, without properly advising them the potentially worst possible risk involved, KNOWINGLY or unknowingly.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2265311&highlight=early+assign*#post2265311

Quote from dagnyt:

4) If anyone did exercise the call option, you would NOT be unhedged. The exercise would take your stock, converting your buy-write into NO position.

Mark
The Rookies Guide to Options

http://www.elitetrader.com/vb/showthread.php?s=&postid=2156117&highlight=early+assign*#post2156117

Quote from dagnyt:

I know you didn't ask this, but early assignment is usually beneficial to the covered call writer and unless you desperately do not want to sell the shares, early assignment is your friend. [It allows you to reinvest the proceeds of the sale early - and it's always a good idea to put your money to work ASAP when it's earning income.]

Mark

http://www.elitetrader.com/vb/showthread.php?s=&postid=2072068&highlight=early+assign*#post2072068

Quote from dagnyt:

Being assigned early is NOT a burden. It is nothing to fear, and in fact is often an advantage. BIG EXCEPTION: cash-settled American style options (OEX). It's not a good idea ever to be short those options.

Many times (but not always), when assigned early, you can either

a) buy back the stock and sell the same call with some remaining time premium or

b) sell the stock and sell the same put with residual time premium

Mark

http://www.elitetrader.com/vb/showthread.php?s=&postid=2044411&highlight=early+assign*#post2044411

Quote from dagnyt:

2) What are you trading? If it's a stock, being assigned early is never a problem. You have a position that is never worse than you had before being assigned.

Mark

ET-trollbuster · Sep 15, 2009

Quote from Redneck trader:

But there is no way in hell â I, you, or anyone can teach someone else how to think â and act like a traderâ¦ And with out that â they are absolutely doomed to fail

ok guru pupils, heres our lesson for the day. if no one can teach anyone else how to think, what is the purpose of communication?

if no one is capable of learning from an exchange of information, does it matter the cost? free, paid for or paid to endure. all the same. impossible worthless waste of time. right?

why do any free library books exist? why do any free magazines exist? why do any free websites exist? why do any free blogs exist? why does et exist?

if no way in hell to teach someone else how to think => act like a trader, why not delete all threads in this forum except political religion? its been affirmed that anything else is an impossible waste of time

except for maybe trolling

Redneck · Sep 15, 2009

duhmentor · Sep 15, 2009

Here's how you do it.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2575353#post2575353

OddTrader · Sep 15, 2009

Easy Step #101:
Characteristics of Guru's writing skills (aka: How to do talking to oneself!):

Quote from dagnyt:

You anger is misplaced
...
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?
...
Mark

Quote from dagnyt:

OK. I see it's attack time on me. You must remember one thing. I was dragged into this forum involuntarily by the ignorant OT. I'll try to respond.
...
A foolish comparison.
...
I just love when people who don't get it resort to 'LOL' or insults.

Mark
The Rookie's Guide to Options

Quote from dagnyt:

The fact that you suggest the possibility tess us all we need to know about your reading comprehension skills.

You are good at two things: disrupting boards and making ridiculous statements.
...
Mark