Who to listen to at ET?

[zdreg]

Destriero's career in a nutshell: ages 16-21 white castle...started on fries but quickly moved up to burger assembly. Went to college for basket weaving. Took out a loan in 2012 to buy a blockbuster store. Shortly after, he Inherited 2 billions and started trading...currently a millionaire options wizard.

Old wall street joke: how do you turn a trader into a millionaire. Let him start with 8M.

 

[ElCubano]

Then why are you sending me PMs?

Tattle Tale

 

[ElCubano]

Yes. Lescor, Dustin and Szeven.

Szeven for sure.

 

[ElCubano]

Yes to the archives. I used to trade with DBphoenix. Some of it is outdated as the markets have changed and the rise of the algo driven trading. We watched when the spoofing DOM just started!

It is a good starting point and provides a context to all the people who grew up on cell phone trading, thinking options is automatically the way to riches, and only have experience in a Bull market and rarely have been in position when the markets turn disorderly.

DBPhoenix also a good one.

 

[zdreg]

I've picked up a lot here on ET, mostly through those hints. You really just have to pay attention and be diligent enough to stitch the hints together. Even in the last few months, I've seen some truly massive edges hinted... I've even seen hints about the hints.

1st derivative
https://www.mathsisfun.com/calculus/derivatives-introduction.html

2nd derivative hints about hints

 

[TheDawn]

Correct.

Unfortunately there are are ET posters who are trying to eliminate the zero commission model by insisting that the payment for order flow practice be outlawed. No matter what numbers or arguments you present they cannot mind their own business and are insistent on trying to eliminate the practice.

Zero commission will not help retail traders/investors in stocks/options. It didn't help retail investors/traders in retail forex and it wouldn't help retail investor/trader either in stocks/options trading. TRUST ME!! I traded forex before and the zero-commission totally fucked up my trading and caused me huge losses. I was losing big time until I was able to find a broker of what's called an "ECN broker" that charged commissions but at least sent your orders (some of your orders) to what's called "liquidity providers". Just ask anyone who's ever traded retail forex and ask them if they ever want to trade with a broker that charges no commissions. You have no idea how much you lost and are losing just for saving a few dollars on each trade. The "advantage" that @taowave is talking about that retail traders/investors might have is not in paying zero commissions. Don't be so naive. MM's would love for us to want to stay in the "zero commission" mode for them to reap all the benefits. This is the pitch "you are the one who's benefitting", "you have no cost"... that they use to convince us. Maybe you are a MM pretending to be a retail trader? LOL If @Darc can pretend to be a retail, why wouldn't you be a MM? LOL

 

[TheDawn]

Only been here a while so not sure who's who in the Zoo. I've got the following added to my follow list:

@Scataphagos
@KCalhoun
@easymon1
@Handle123
@comagnum
@deaddog
@Overnight

There's obviously a lot of others like @destriero (so long as you don't take the abuse to heart lol).

Who are the experienced Traders with a wealth of knowledge worth listening to please?

So you are a pro, an institutional trader? Why are you trying to make yourself out to be retail to try to "listen to us"?

And ask us questions like these:

Isn't Institutional investing alot different to Retail due to the size and the way they have to buy n sell in chunks etc?

You should know since you are an institutional trader and should know whether they "buy and sell in chunks" (whatever it means)?

 

[zghorner]

I traded forex before and the zero-commission totally fucked up my trading and caused me huge losses.

The zero commission caused you huge losses? Lmao if that ain't some Supreme level victimhood holy fuck man...

 

[lucysparabola]

The zero commission caused you huge losses? Lmao if that ain't some Supreme level victimhood holy fuck man...

he's completely insufferable. see the other posts / debates re: infinite gamma, etc. great coffee reading.

 

[TheDawn]

Ist it always easier to blame others for their misfortune than take responsibility??

Exactly. I can guarantee 95% these ET posters advocating eliminating POF are net losers to the market under all circumstances.

You guys are definitely MM's. @taowave has at least admitted it. Advocating for non-PFOF means we would pay more commissions. WHY would we want to pay more in trading cost (supposedly) under the non-PFOF model especially if we are already losing in our trading? LOL Wouldn't we want to save more trading cost? Yeah you guys would be indeed fucked under non-PFOF because you guys are MM's and are reaping so much benefit under the PFOF model pretending to be offering savings in commissions to retail traders but extracting lot more when executing the trades.