There's also the issue of following multiple instruments simultaneously mixed in with the conversations regarding the big game or where one went to eat the night before or the boobs on Kim Kardashian, which generally leads to private rooms, and soon the point of the whole enterprise is lost. It's not as if setting up chat rooms elsewhere is difficult. We did it last year frequently.
Question: how to deal with trolls? Can't anybody do something about them?
- Thread starter baro-san
- Start date
There's also the issue of following multiple instruments simultaneously mixed in with the conversations regarding the big game or where one went to eat the night before or the boobs on Kim Kardashian, which generally leads to private rooms, and soon the point of the whole enterprise is lost. It's not as if setting up chat rooms elsewhere is difficult. We did it last year frequently.
Well, it's good to know that you're now supporting yourself financially through your own efforts. That is after all the desired outcome.
You talking about a "different chat room" considering I don't recognize the user name Niko ?
Only chat room I was aware of and visited here at ET...Joe said him and Baron made it and it was located here at ET. Maybe ET had different chat rooms back then considering you said someone named Niko made a room ?
I know there was an ET chat room on IRC with about 15 members...it was inactive and not supported by Elitetrader.com and I use to think everyone in there was dead because not a single word was posted for two consecutive weeks I visited.
P.S. My old user name was NihabaAshi
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Niko was one of DB's 'students'
))http://www.elitetrader.com/et/index.php?members/niko.474133/
He made a chatroom at ''stinto.net''
The only actual calls were by the followers. (I remember somone called AJ and Bill and KP and a few others made lots of calls)
DB just posted ''calls'' of trades that had already moved 5 points, 5 minutes ago!
''there was a long there at 4500'' (typed 5 mins after the move when price was now 4515)
classic hindsight rubbish. I can cut him some slack for his hindsight teachings on a forum, but not in a damn chatroom!
If someone can't actually trade profitably, they shouldn't be teaching others!
There's lots of threads here in the past here in Feedback by a few requesting chat to return...
Baron truly isn't interested and you'll need someone to be there most or all of the trading day to moderate the room (keep the peace). Maybe that was the issue back in the day, nobody wanted or was able to be here full-time moderator in ET's chat room as a "volunteer". Simply, there was chaos when the moderators were here. :eek:
Maybe that's why folks started their own ET chat room outside of ET forum...better moderated ?
You're right, setting up a chat room is easy and free. I showed many over the years how to do such when they requested a chat room...only a few actually did and those few chat rooms are no longer around. They seem to have a lifespan of a few months...mainly during the summer as if it was started by a college student on summer break.
I understand also that they take up a great deal of resources, and if they are of little or no benefit, why should the site owner fool with it?
Personally I see no benefit, particularly when so many people aren't really there. Plus it affects one's own trading. If people are trying to learn how to trade, or they're looking for "calls", they need to find a good trading room, not a chat room. There should be little to no chat in a trading room, not if one is focused on the work and not just looking for some place to hang out.
Niko was one of DB's 'students'
http://www.elitetrader.com/et/index.php?members/niko.474133/
He made a chatroom at ''stinto.net''
The only actual calls were by the followers. (I remember somone called AJ and Bill and KP and a few others made lots of calls)
DB just posted ''calls'' of trades that had already moved 5 points, 5 minutes ago!
''there was a long there at 4500'' (typed 5 mins after the move when price was now 4515)
classic hindsight rubbish. I can cut him some slack for his hindsight teachings on a forum, but not in a damn chatroom!
If someone can't actually trade profitably, they shouldn't be teaching others!
Ok, it wasn't Elitetrader.com's chat room. Thus, that's why your statement conflicted with ET's chat room that I visited for about a month. There was no NoDoji in the duration I visited nor was any teachings of any kind from what I remember. I do remember real-time trades (not points later) and arguments, threats, taunting...
After a month of seeing such, I never went back and didn't understand the role of moderators considering they seem to participate in such. As for live trades in ET chat room (I don't know about elsewhere back n the day)...I did not see any price action move points away already from the posted trades by anyone.
Regardless if there's every going to be a chat again or not, regardless if live calls are made, regardless if broker statements are posted to verify the live calls...why does it matter when almost all doing such are teaching something about their trading ?
Seriously, most of the trades I've every seen posted here at ET occurred by someone also explaining "something" about their trade method or replying (to give answers) about why such and such was an entry or exit. Thus, there's teaching involved by most here at ET...some obviously more than others.
Having been involved in the chat room at stinto from about Feb 2014 to when it died out a few months later, I can back this up. In fact, I remember Db specifically said that this room wasn't about real time calls, so I find it odd that now he would claim that he was making calls back then. In his defense though, given that he has been at this for so many years, and wrbtrader has a long history with him and was around years ago when he supposedly was more open about his own trading, then perhaps Db is just mixing things up, which is understandable given that its just the same thing over and over again year after year.
The one classic example that I do remember was about a double bottom. 5 mins later he would ask if anyone took that double bottom. Once you see five 1 minute bars that are all up, its easy to say there was a double bottom with a previous low at the same level, but as price is coming down to this same level, you can't really even call it a double bottom until price has reversed up strongly. Once you can of course call a double bottom a double bottom, its too late to take it as a double bottom, only perhaps as a retracement of a trade with a huge stop.
My point is that as people have been pointing out here, reading charts in hindsight is one thing, but acting on it in real time is a completely different matter. You're not taking a trade because you see a double bottom, you're taking a trade because the chances are good for a double bottom to form here and price perhaps initially goes up, much like it does anywhere, just like its always going up in a buying wave of what is ultimately a down move. So to call a double bottom a real double bottom means that taking the trade at the point where its obvious is the worst place to take it.
The fact that Db always runs to his standard reply whenever questioned (his own trading won't help the struggling trader), isn't wrong, but it also doesn't in any way help. I think the fact that what he teaches and yet what he appears to do are very different is something worthy of a response. None of this of course means that he can't trade himself. But in essence what we have is zero proof or demonstration of the method that he teaches, and of what he does himself.