Is Last Atlantis still operating?
- Thread starter arbs-r-us
- Start date
Quote from arbs-r-us:
Atti,
You seem to have all the details
Nothing better than the gory details to make a story complete.... Continue with the info....
I heard it from a guy on ET who traded at LAC for a few months. Attrition was like 80%. He'd bring people in on the promise of arbitrage, when in fact the crossed markets were gone before they started. Now a pick-em market is arbitrage. I had no idea about the regulatory action until this thread.
Participants were trading sub-accounts, so any profits would be apparent in that regulatory pdf. The pdf shows a 3MM loss.
Everyone mentioned in this thread left LAC due to losses, save for rearden who was never involved in this moronic pick-em trade.
Why all the renewed interest in this all of the sudden anyways?
I traded the 'pick em' system briefly in 05 when I was entertaining the idea of setting up a group to do it exclusively.
The software was pretty slick and there was without question opportunity and money to be made. I was really just a game of picking up nickels and dimes but it could be consistently profitable.
All trading was 100% financed by LAC, and although modestly profitable it was boring and tedious enough to make you bleed from the eyeballs.
For myself, I toyed with the system for about 2 months before finally deciding not to persue it any further.
I traded the 'pick em' system briefly in 05 when I was entertaining the idea of setting up a group to do it exclusively.
The software was pretty slick and there was without question opportunity and money to be made. I was really just a game of picking up nickels and dimes but it could be consistently profitable.
All trading was 100% financed by LAC, and although modestly profitable it was boring and tedious enough to make you bleed from the eyeballs.
For myself, I toyed with the system for about 2 months before finally deciding not to persue it any further.