I'm Looking for Traders to Invest With
- Thread starter Doug Allen
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Quote from Champion:
You have nicely Doug up this poser's landslide of bullshit.
Don't you feel that you are being a wee bit harsh on Doug.
After all he has given us absolutely no substance to base any judgement upon at all.
His lack of attention to detail could just reflect Doug and his complete inability as a multi million dollar Trader to grasp the importance of detail; as much as an attempt at subterfuge on his part.
I rather feel we should all encourage Doug with the development of this thread and assist him in his quest to share/split a million dollar account with a Trader(s).
regards
f9
This "offer" imho has failure written all over it and why ?
1. Nobody of any note has ever heard of this Doug Allen person
2. There is no proof of him having millions of dollars
3. The takers that he gets are likely to be failed traders - no successful trader would want to put up with those conditions or even have to !
Come back 1st April and tell us it was just a wind up Doug ( I even doubt that is your real name).
But then again could be wrong but I doubt it - Count me OUT !!
1. Nobody of any note has ever heard of this Doug Allen person
2. There is no proof of him having millions of dollars
3. The takers that he gets are likely to be failed traders - no successful trader would want to put up with those conditions or even have to !
Come back 1st April and tell us it was just a wind up Doug ( I even doubt that is your real name).
But then again could be wrong but I doubt it - Count me OUT !!
Doug Allen is late to the party. The lure of being a hedge fund trader has lost it's luster. You are 100% correct. Only failed traders would be interested in the prestege of trading for or within a hedge fund structure. That is sooooo 2007. If you haven't guessed hedge funds are soooo over.
A fair number of emails asked me why I'm defending the OP here in this thread. First of all, I pretty much took a purely neutral stance from the start and haven't moved either way since.
If Doug is here for any other reason than what he states up front, no harm done. Just another lark thread in a public message board like 1,000s of others already archived. If instead he's serious and sincere, there are plenty of details to be thought out and worked out later.
Either way it's no-risk for anyone on this side of the screens.
*
If someone has $1mil or $2mil or $5mil seed money they want worked with, what's the harm in sitting thru their proposal? What better is there to do... spend the same amount of time in Jokes, Chit-Chat or Politics & Religion forums here? What serious professional trader(s) would make a habit of doing that?
Touche`
What if the chance (albeit however slim) Doug represents a solid chunk of money that either seeds someone or adds to aum? What if in a year or two their performance attracts more capital and in five years they have $100mil under management? I hope no one here at ET eschews the idea that managing $100mil or $1bil is inferior to trading prop while keeping 100% of those limited gains.
Believe it or not, scaling isn't that big an issue for traders outside of tick-scalper market makers. Too much money for S&P and bond futures? Then expand time horizons and swing trade SPY = SPX positions off bigger charts. Most often traders who aren't scalable are now using some type of limited edge in a niche market or application. Works for them, but not expandable.
Traders who swing intraday on small charts can merely expand the scope while changing little. Cross over different markets, too.
**
Couple of years ago I posted an offer for investors to buy an annuity at discount from someone I knew who won $1mil on instant lottery ticket. Look up that thread and see how many vocal trolls (perhaps someone like sushi five alias' ago?) railed how it was all an elaborate hoax. Typical human reaction, magnified on an open public forum with no filter for sanity or intelligence applied. The end result is posted and archived for posterity.
If Doug is sincere or not, time will tell. You have to admit this thread is a refreshing break from nauseating PureTick saga and other non-trading drivel threads. This one at least has a smattering chance of being valuable to traders. How it turns out will be how it turns out. NBD either way.
If Doug is here for any other reason than what he states up front, no harm done. Just another lark thread in a public message board like 1,000s of others already archived. If instead he's serious and sincere, there are plenty of details to be thought out and worked out later.
Either way it's no-risk for anyone on this side of the screens.
*
If someone has $1mil or $2mil or $5mil seed money they want worked with, what's the harm in sitting thru their proposal? What better is there to do... spend the same amount of time in Jokes, Chit-Chat or Politics & Religion forums here? What serious professional trader(s) would make a habit of doing that?
Touche`
What if the chance (albeit however slim) Doug represents a solid chunk of money that either seeds someone or adds to aum? What if in a year or two their performance attracts more capital and in five years they have $100mil under management? I hope no one here at ET eschews the idea that managing $100mil or $1bil is inferior to trading prop while keeping 100% of those limited gains.
Believe it or not, scaling isn't that big an issue for traders outside of tick-scalper market makers. Too much money for S&P and bond futures? Then expand time horizons and swing trade SPY = SPX positions off bigger charts. Most often traders who aren't scalable are now using some type of limited edge in a niche market or application. Works for them, but not expandable.
Traders who swing intraday on small charts can merely expand the scope while changing little. Cross over different markets, too.
**
Couple of years ago I posted an offer for investors to buy an annuity at discount from someone I knew who won $1mil on instant lottery ticket. Look up that thread and see how many vocal trolls (perhaps someone like sushi five alias' ago?) railed how it was all an elaborate hoax. Typical human reaction, magnified on an open public forum with no filter for sanity or intelligence applied. The end result is posted and archived for posterity.
If Doug is sincere or not, time will tell. You have to admit this thread is a refreshing break from nauseating PureTick saga and other non-trading drivel threads. This one at least has a smattering chance of being valuable to traders. How it turns out will be how it turns out. NBD either way.
It's a valid point you make, austin. Doug is selling a cheap call, buy it, write off the premium and you might get huge upside.
I was prepared to do exactly that. I have bought the call very cheap in small size, to begin with (arnd 5 mins of my time). In order for me to make a decision about whether to add to the position (spend more time communicating with Doug), I decided to do some analysis and asked some questions that would allow me to determine if being long Doug is a good trade. His responses were very skimpy and vague on anything pertaining to things that matter (risk and pnl) and very elaborate on various subjects pertaining to this wondrous training. As a result, I have decided to not increase my long in Doug and stopped out of my existing position.
NB: I have nothing against training or whatever, but it's a very different trade. I am posting this now for personal entertainment, btw, not with any sort of serious intent.
I was prepared to do exactly that. I have bought the call very cheap in small size, to begin with (arnd 5 mins of my time). In order for me to make a decision about whether to add to the position (spend more time communicating with Doug), I decided to do some analysis and asked some questions that would allow me to determine if being long Doug is a good trade. His responses were very skimpy and vague on anything pertaining to things that matter (risk and pnl) and very elaborate on various subjects pertaining to this wondrous training. As a result, I have decided to not increase my long in Doug and stopped out of my existing position.
NB: I have nothing against training or whatever, but it's a very different trade. I am posting this now for personal entertainment, btw, not with any sort of serious intent.
He is the creator of Steven!
http://www.dougallencomics.com/
Probably most of the responders have no proof of being successful traders, so they are even.
That is his problem.
Trading additional capital with no downside? Yeah, who wants that?
But I am not the smartest guy, once I sent a million bucks to Nigeria, and I still have to hear from the guy.
P.S.: As requested, you are officially counted out.
Magnificent post Sir ...... magnificent indeed.
Rally to the cause and help Doug with his difficult transition from rhetoric into reality.
This all reminds me of another modern day American still attempting to explain the harsh realities of life in US 2009 in glorious rhetoric.
Let us not be accused of being doubters
or negative, and finally the worst insult of all...... let us not be accused of being realistic.
Why not all become Douganistas.
regards
f9
I have excellent news for you Pekelo.
Firstly I was having lunch the other day with our Nigerian friend on board his magnificent yacht here in the marina at Puerto Vallarta.
Lovely gentleman, excellent manners, English educated no doubt.
First thing that he said was 'Do thank Pekelo for me, without him and others like him, all this would simply not have been possible'
He was of course referring to the yacht, the delicious wine, food and women (not necessarily in that order)
He went on to say 'dear Pekelo your 1M account has grown to several billion as I have gone long Zimbabwe dollar on your behalf'.
Furthermore ... and here is the good news .... you can expect a cheque in the mail just as soon as your account can afford the postage stamp.
All good news really.
regards
f9
PS many thanks for the most excellent lunch.
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