Quote from NET:
Mr. Waggie945...
I can't agree with your assessment about James's credibility. I've found this thread quite entertaining and colorful. James may not be likable--he gloats about calls, may be considered arrogant, etc.
However, he made a challenge, laid out terms in that challenge, and had no takers. He is not the one who lost credibility.
He also made a market call, and subsequent market action confirmed his call. This is documented, therefore, beyond dispute. He wins on this accord also. James may not be likable, but that has nothing to do with credibility. If he is not credible, then take him up on his 50K challenge, documented at the start of this thread. It's a 50K gamble; if you're right and he's wrong, you can double-up!
By the way, the challenge to post an account balance (by riskarb, I believe) is without merit. James claims a 40% to 50% profit on a seven figure account. Ok, let's take a million dollar account, for which all trading profits are cashed in at the end of each fiscal year. That means the trading account would pay $400,000.00 to $500,000.00 per year, and start each fiscal with the same one million starting balance. Therefore, after 9 years, the starting balance could still be one million but that does not mean the account did not accrue stated earnings, because those earnings could have easily been withdrawn. Simply showing an account balance is not a credible response to the challenge that James put forth.
