I'm Looking for Traders to Invest With

[Doug Allen]

Quote from Anaconda:

You're collecting personal information. That is the risk.

What I would like to know is how you view the risk vs reward from your end. Why not just open up a prop firm similiar to how FNYS does it?

Bzzzz. Wrong answer.

If somebody really thinks that the risk of giving out personal information, like your email address, is too high of a risk for the potential to make $$$$ that doesn't reflect well on their evaluation of risk/reward.

PLUS... that's not what I asked. Even if the personal info is a risk, why go to the next level and insult me? Why not just ignore the thread?

I'll give you another chance to answer.

Doug

PS The last thing I want to do is open up a prop firm... I run a fund of funds. I'd like my life to be easier, not more stressful.

 

[MandelbrotSet]

Quote from ChaosNSX:

I would like to order some Mardi Gra beads..

.. I had the best time down there ... whew!, the best.

 

[trendo]

Doug,
Thanks for your respectful reply to my most recent question.

Where can a prospectus for your fund of funds be obtained? (Due diligence for anyone thinking of partnering with you. It addresses the issue of credibility, as I'm sure you can understand.)
Thanks

 

[Banff01]

Quote from Doug Allen:

Risk vs. Reward Question?

The person who gives the best answer to this will go to the head of the class...

No offence Doug, but there is no free lunch in life. Your concept of NO RISK trade or FREE OPTION or whatever you want to call it is simply a complete nonsense. Any thinking person can see that. The problem here is money - most people are blinded by it. Every salesman knows it and uses it. If you were legit you would be selective as hell because the competition for other people's money is steep. Also you would have some sort of corporate presence/physical address that wouldn't be hidden behind some anonymous discussion forum profile. If anyone here is reading this and plan to send this guy some personal information, think twice. Let him provide all the info that he is requesting first before you send him anything.
Another important detail: it has been shown that the number of scams during a recession rises significantly! Another reason to be wary of any sweet sounding business proposal.

 

[filter_sweep]

Here's my take on the risk vs. reward question:

Like the businessman on Michigan Avenue in Mark Douglas’s “Gotcha Chicago” story, most people have developed the belief that there is no such thing as ‘free money,’ and will therefore refuse it when it is offered. To attempt to accept the ‘free money’ would be taking a risk that their belief structure might be flawed, and since their beliefs were developed through emotionally-charged, personal (and most likely painful) experiences, and since their beliefs get reinforced with each new experience that is perceived to be in line with existing beliefs, if your offer were to be legit it would create cognitive dissonance, and would resurrect deep reservoirs of pain and loathing as they may have to come to terms with every other missed opportunity when they rejected ‘free money.’

The risk of taking the steps to make oneself available to your offer is potentially feeling like a sucker who just realizes he was duped (kind of like I did after buying $4k of useless trading software in ’04 before I knew anything about trading). The other thing at risk is the potential for unfulfilled hope. Since many of us have had these types of experiences, we have developed belief systems that protect us from further pain.

The reward for openly combating an offer such as yours is to vicariously take revenge on every person who has duped us in the past, and slap the face of every unfulfilled hope or dream that we ever allowed ourselves to indulge in. Revenge feels good, and so does reconfirming that our map closely resembles the territory. As such, there will always be many who delight in the failure of others, since it allows them to be comfortable with their own failures.

Now, with that said, even though I applied to your offer, I am extremely skeptical and will bail at a clear sign of impropriety. I'm willing to risk the small chance that you steal my identity (it's already been stolen before) for the potential opportunity, as small as the chances of it actually being legitimate are.

 

[Anaconda]

Quote from Doug Allen:

Even if the personal info is a risk, why go to the next level and insult me?

How did I insult you? You're a little too defensive.

Personal information is a risk. It starts with name & email, then turns into SS#, birthdate, etc. It's been done before.

My real question is why would you take such risks? The business model exists and the result speak for themselves. 90%+ will lose money. Where will you pull the plug?

 

[Anaconda]

Quote from Doug Allen:

Any markets.

Ok, then reply back to my PM.

 

[sandygray66]

I'd definitely say that Filter Sweep's answer puts him at the head of the class, with a star on his calendar for the day.

 

[MAESTRO]

Quote from Doug Allen:

...my partner and I plan set up and fund the accounts, you trade the accounts, we split the profits, and my partner and I take 100% of the risk...

Anybody who can make money is already well funded and set. All the other schmucks will never learn and will never make money regardless of any training program you put up for them. Good traders is a very valuable commodity - virtually impossible to find. All the good traders that I know make north of 500K a year and do not need anything. However, thousands of idiots who cannot trade are running around and answering adds like this hoping for a miracle. Your attempt to find the answer to what ever question you have by sifting through dirt is pathetic and will never work unless, of course, there is an alternative motive behind your add in which case shame on you.

 

[rwk]

Quote from filter_sweep:
Here's my take on the risk vs. reward question. . .

Excellent summary, fs!

What I might add, is that the naysayers get to be right. Being right serves us well in most cases, because it is about survival -- survival of the ego/mind, if not survival of the body. But trading well is not about being right, nor knowing what will happen, and that's why so few people are able to trade consistently well.