Nadex 20 & 5 binaries

[koolaid]

Out of all people here, I am probably the lowest on the list of being possibly scammed

I know...you look like you have good head on your shoulder. It doesn't negate the fact that he's actively recruiting people and shit. It's clearly a violation of the ToS on Elite Trader.

 

[marketsurfer]

Ofcourse i do. That was my point. These bucket shops cant even afford to pay the licence fee to use the name.

That's not accurate.

 

[marketsurfer]

This is going to be reported as promotion...you should list yourself as a vendor if you're going to entice ppl in this shady work.

He is providing solid educational value. You clearly have alternative motives.

surf

 

[koolaid]

He is providing solid educational value. You clearly have alternative motives.

surf

Umm no...He was clearly trying to recruit sle. Here is an exact quote of what he posted:

I should have more accurately said you can take either side of any trade, and with a binary "selling" the long is the same as "buying" the short since it is binary. You and I can market make same as them all day long. If you haven't yet signed up for an account I highly recommend doing it for fun next time you have a slow day. I think it's a minimum $100 to fund and I think you'll find it fun to play around with. If 6% is usurious (I don't know where 15% came from, I always see a $6 or less spread) than its an opportunity for you since you can compete equally. You can even set yourself up with a FIX connection. I know you do this for a living and I'd love to have you on there as another MM!

He should list himself as a vendor. It's obvious he's promoting Nadex or has an interest in this.

 

[southall]

I don't even think they need to delta hedge..they can just play their clients' positions off each other like any good bucket shop would. With a 15% spread...you don't need much hedging.

They dont even need to do that.

They just bucket all the trades by over pricing options.

Say they think the 'correct' value of a 5 minute binary bet is 75%.

They will price it 70-85. Knowing the gamblers who buy these products will be wanting to trade on the high probability event. Which they will have to buy for 85 if they want in on the action.

Even if they over priced it so bad that the 70 bet is actually a good price to sell, most gamblers wont sell the bet as the probability of success is less than 50%.

 

[koolaid]

They dont even need to do that.

They just bucket all the trades by over pricing options.

Say they think the 'correct' value of a 5 minute binary bet is 75%.

They will price it 70-85. Knowing the gamblers who buy these products will be wanting to trade on the high probability event. Which they will have to buy for 85 if want in on the action.

Even if they priced it so bad that the 70 bet is actually a good price to sell, most gamblers wont take the bet as the probability of success less than 50%.

Exactly...well said.

 

[Overnight]

I know...you look like you have good head on your shoulder. It doesn't negate the fact that he's actively recruiting people and shit. It's clearly a violation of the ToS on Elite Trader.

Tom Wolfe would have a blast here. He might even be inspired to write a follow-up book, if he is able.

https://en.wikipedia.org/wiki/The_Electric_Kool-Aid_Acid_Test

(Remember kids...Don't eat the brown acid!)

 

[marketsurfer]

Tom Wolfe would have a blast here. He might even be inspired to write a follow-up book, if he is able.

https://en.wikipedia.org/wiki/The_Electric_Kool-Aid_Acid_Test

(Remember kids...Don't eat the brown acid!)

Merry Pranksters. Lol!

 

[Sig]

This is going to be reported as promotion...you should list yourself as a vendor if you're going to entice ppl in this shady work.

Give me a F*&g break! Before today a grand total of about 5 of my 1,700 posts were about binary options or Nadex. I have absolutely no connection to them, and in this thread I was the one to bring up the only legitimate gripe against them. To accuse me of being some kind of shill for them either indicates a stunning level of idiocy or of you losing your logical argument so you resort to calling mommy and daddy to help you out.

 

[koolaid]

Give me a F*&g break! Before today a grand total of about 5 of my 1,700 posts were about binary options or Nadex. I have absolutely no connection to them, and in this thread I was the one to bring up the only legitimate gripe against them. To accuse me of being some kind of shill for them either indicates a stunning level of idiocy or of you losing your logical argument so you resort to calling mommy and daddy to help you out.

Calling mommy? lmao. I don't care if you promote Nadex....you can do that if you want...except you should be listed as Vendor if you do so. Otherwise, don't try to recruit people and shit. It was a clear violation of ToS. If they don't enforce it, all that will be left of this website will be you vendors recruiting each other.