mlm guru doug Allen thread closed. Why?

[deaddog]

Quote from austinp:


Last post for me on the tired topic, will report what happens next when whatever does actually happen next.

Austin:

I see Doug has agreed to let you apply and report.

Quote from Doug Allen:

Hi Austin,

Cool.... I will gladly have you be part of the process. Did you fill out the form? I know it's a hokey, amateurish web page but I needed something to organize the people who are interested. It's here in case you missed it:

http://www.lookingfortrader.com

In fact I'd love for you to be part of the process because you're attitude is exactly what I believe a great trader needs. You see things as they are -not what you want them to be or what you fear them to be.

Doug

Did you fill out the form?

Have you had any contact with Doug since the invite?

I hope you get involved as I would trust your assessment of the situation a lot more than I would the other parties who were invited.

No offence meant guys, its just that you showed up about the same time as Doug did. Might well be a coincidence but ????.
I wouldn’t trust me either I haven’t been here long enough.

More entertainment value than anything else. I’d like to know how the story, with its intricate plots, ends.

Little things like how will Doug determine how expert a trader you are, without you having to reveal a lot of confidential info?

Please keep us posted.

 

[Doug Allen]

Quote from Sushi:

let's see the facts. This doug Allen claims not to be the mlm guru doug Allen all over the Internet. It is possible that they were seperated at birth and they are indeed different people who look move and talk the same way. Let's assume they are different and this doug Allen isn't the same as the Internet marketer doug Allen. Maybe he goes want to "stake" you with cash. Facts are it won't be very much and it's highly unlikely you will double it to make 20% of 20% worthwhile. But that's assuming a lot. I stand by the original thought that he us a highly skilled marketing person with another agenda. Maybe to write a book on this to sell a course? It's more than meets the eye. The old rolls and copy oil painting in the video are give aways that this doug Allen is a persona of something else.

Hi Sushi,

Just curious what copy oil painting you're talking about? The one of my kids?

This women in Sewickley does really cool photos, and then adds touches of watercolor painting to the black and white photos to make them look like artwork.

If this trading thing doesn't work out for you maybe you could be a detective or something...lol.

And what don't you get about the math?

If you trade a $1 million account and make 30% return, that $300,000 in profits. 20% of that is $60,000. Most people here at ET would be happy to make an extra $60k in income with no downside risk.

And the best part is that if a trader was able to establish a track record like this we could raise more money. What happened when I first started was that I was given $100,000 to trade and that eventually grew to $20 million. If you could make 30% on $20 million that's $6 million in profit, and 20% is $1.2 million -all with no downside risk.

How much do you make trading now?

Doug

 

[Doug Allen]

lol... this is getting really funny now. I didn't even post the RR video. I'm not sure how anybody found it. I must be REALLY clever to know that somebody would find it.

My guess is there are two types of people here on ET. Those who are fairly normal, well-adjusted people, and those who suffer from some sort of paranoid schizophrenia. The focusing on the computer screen all day long must cause the part of the brain that handles social skills to atrophy or something...lol.

What exactly do you think I'm doing that is "phony"? And if I was doing something "phony" why would I be using my real name and video of myself? The only reason I even did the RR video was because people thought I was "phony" for mentioning the RR so I thought it would be fun to show the video. Actually, somebody said they were calling "bullshit" so I did the video of the RR for fun just to answer that post. I had my flip camera in my pocket from the Super Bowl so I turned it on while I was coming back from the gym in the RR. My mini-van is leaking anti-freeze so I borrowed the RR I got for my dad.

So that makes me some sort of genius internet marketing guru??? lol....

I think I WILL write a book just about this thread.

Doug

Quote from Signate67:

Just thinking about DA's video withhimself driving in the Roller and then walking out onto the Jetty. While on the Jetty, he mentions a trading coach; Paddy. He says that no matter whether you are successful trader or not ;Paddy would benefit you in the coaching she gives.

My guess is that to get some funds to manage, first you would have to sign up and pay for Paddy. While the idea of those "elusive funds" to manage will be continually dangled in front of you as bait to sign up and pay for more coaching.

Initially i thought Doug Allen was a phony, then i started to have my doubts and second guess my first opinion. Now i am totally convinced he is a phony. He is not doing anything illegal, but he is misrepresenting himself.

Doug, you are very good at what you do.

 

[MAESTRO]

Guys, don't you realize? The more we post on this thread the better advertisement Doug gets. That is exactly what he wants! There is no bad publicity. A very old trick! Let us stop posting here till something concrete will emerge and some real 'experiences" of people who signed up are available. At this point of time we all have our opinions. I have mine too, but I do not want to fuel this campaign anymore.

 

[Doug Allen]

Quote from operator:

I agree 1000%. For the people who think that their is not a alternative motive think again. I worked with hedge fund managers for 5yrs before I got into trading. There is NO way a legit manager would even act in this manner. They don't have all of this time to chat with ET fools. Just think logically people...

This is a great example of what I call one-time learning experiences or "this is that."

In operator's world he takes his experience of working with a hedge fund manager for 5 years and then plays the "this is that" game and applies it to his one-time learning experience. I only mention this because this type of thought pattern is VERY problematic for success in trading.

This is why people can look at charts and find support and resistance wherever they want to because sometime before they saw a chart that looked the same and they play "this is that."

My suggestion would be that growth comes from integrating new experiences and new data into existing models, and success comes from expanding the model, not trying to force what you see into the model that you already created based on past data.

Just something to think about...

 

[Doug Allen]

Quote from fearless9:


Given that very few ETers trade actual money but have somehow convinced themselves that they are Traders.

Poor old doug was trying to scam the scammers..... what a laugh.

f9, just curious, what is YOUR reason for coming to ET? Are you so desperate for significance and validation that you need to "self-validate" by degrading other ET members?

I've gotten to know a lot of the ET members through private messages and the members here are generally a very good and decent bunch. It would make no sense to be 'scared off' by the 1% of ET members who use this as a forum to try to make themselves feel good by putting other people down.

Trust me, 99% of the people here are great people. I should let you read the answers to the questionnaire they filled out. They are sincere, and want to better themselves. They are the type of people that I feel very honored and privileged to be able to help, if even in some small way.

Ironic that you call yourself fearless and yet insult people and hide behind an alias. Everything in your thinking is fear-based. I'm guessing you named yourself fearless in an attempt to convince yourself that your fearless.

The people who really are fearless are those who trust themselves enough to at least explore what I have to offer. Those who are afraid to even see what it's about because they fear being duped must not think too highly of themselves.

So say what you want about me. Small minded people are just that -only a fool would be bothered by them. But the other members of ET are a good group in general. There's really no need to degrade them because they wanted to explore what I'm offering.

Doug

 

[HSC.1775]

Hello Doug,

Could you please explain why your company Blue Lion Capital is not listed with either FINRA or the NFA as this is a requirement for any company operating as a Fund of Funds. In fact FINRA or the NFA does not show you as being registered with any firm.

Thanks.

 

[Doug Allen]

Quote from Banff01:

One thing that no one mentioned here so far is a MAJOR inherent flaw in Doug's business plan. Anyone trading for their own account with real money should be aware of this simple fact.

If I give you $1 mil trading capital and cover your losses what trading behavior will that lead to? Do you really think that people will trade responsibly just as with their own money? Such a business setup would inevitably lead to traders employing much higher risk strategies than they would trade normally with their own money which would quickly lead to the fund's bankruptcy.
Just look at the current state of our financial system.

You show an incredibly naive and short-sighted view here.

Yes, if a trader was only concerned with short-term gains, he or she would put the entire account on some out of the money option and hope to strike it rich. But that's not what a professional would do.

When I started trading OPM my goal was to develop a track record so I could attract even more money. I guess what you're really revealing is the short-term psychology that most losing traders fall prey to -they are looking to trading as some sort of get rich quick scheme instead of a long-term business.

I'm not sure who mentioned this to me, but they were right about this entire process. It becomes a self-selecting process where I can learn more about people's trading just by reading their responses in the threads than I could even learn by going over their trading accounts. A lot of self-projecting is going on here, and I'm guessing that the negativity is directly proportional to a lack of success in trading.

That said, those who are skeptical, and yet open-minded like Austin, are probably the best traders here. It's amazing that somebody of Austin's caliber is suddenly being ridiculed by a few bozos because he's non-judgmental until he learns the facts. That's what trading is all about -seeing things for what they are, not what you wish they are or what you fear they are.

Doug

 

[fearless9]

Quote from Doug Allen:

f9, just curious, what is YOUR reason for coming to ET? Are you so desperate for significance and validation that you need to "self-validate" by degrading other ET members?

I've gotten to know a lot of the ET members through private messages and the members here are generally a very good and decent bunch. It would make no sense to be 'scared off' by the 1% of ET members who use this as a forum to try to make themselves feel good by putting other people down.

Trust me, 99% of the people here are great people. I should let you read the answers to the questionnaire they filled out. They are sincere, and want to better themselves. They are the type of people that I feel very honored and privileged to be able to help, if even in some small way.

Ironic that you call yourself fearless and yet insult people and hide behind an alias. Everything in your thinking is fear-based. I'm guessing you named yourself fearless in an attempt to convince yourself that your fearless.

The people who really are fearless are those who trust themselves enough to at least explore what I have to offer. Those who are afraid to even see what it's about because they fear being duped must not think too highly of themselves.

So say what you want about me. Small minded people are just that -only a fool would be bothered by them. But the other members of ET are a good group in general. There's really no need to degrade them because they wanted to explore what I'm offering.

Doug

Not much gets past you doug.
Why not channel your energies into trading. It is not a bad profession when you apply yourself.

regards
f9

 

[austinp]

<i>"That said, those who are skeptical, and yet open-minded like Austin, are probably the best traders here. It's amazing that somebody of Austin's caliber..."</i>

I'm not of any caliber at all... no better or worse than anyone else. Just a random viewer here waiting to see what unfolds next.