Who to listen to at ET?

TheDawn said:
Wrong side? LOL You mean the "disagree with him" side? Because he's the ultimate Options God here right? He cannot be wrong? He's always right? Whatever he says is the Options Bible??!! LOL That's not "knows very well" that's bullying. If he really knows something really well, he shouldn't be afraid of somebody disagreeing with him. Bullies bully not because they are strong. Bullies bully because they are fucking scared and that's what I see in @destriero. Yeah he knows things but he's not indisputable. I presented my arguments to back up my observations and so far he hasn't come back with anything other than "you moron", "you piece of shit", "you know shit"...LOL



Honestly I don't get emotional but it's just annoying when people dismiss other people's arguments by attacking and calling them a drug user, or out to lunch or stupid or whatever. If you have some valid argument, why don't you come back with your arguments? I come on ET here to really try to learn something sometimes by arguing and to socialize a bit even by trolling. LOL I am not competing with anybody here. I compete in the market and not on an online forum. LOL I insist on my views and arguments because I really believe in them. If you think I am wrong, then come back with valid arguments to show me I am wrong unless you are a troll and have got nothing to offer which is what @destriero is, up to a certain point. I have been on both sides of being educated and educating others. I have been silenced by people who really know their stuff and I have been silenced by others who I try to help but refuse to listen to me and choose to attack me instead. In both of these cases, I just walk away, I don't stay there and continue to spew expletives.
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Damn, you're a victim of zero commissions AND online bullying in a trading forum.

I can relate though man I'm still pissed about being circumcised against my will. My true motivation For trading is to make enough to have foreskin reatachment surgery. I will resemble an ant eater once again or die trying.
 
Darc said:
I went and checked out one of Des's journals. I didn't understand a word he said LMAO
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Yeah you know why? Because these terms do not exist. They are all made up. LOL They are either made up by him or twisted in some way by him for him to show his "superiority" and "uniqueness". Nobody uses terms like what he does when describing options. I tell you, whatever "career" that he says he has or had, whatever obscure terms that he uses in describing his shit in his journal, and I suspect even his journal, they are all fake. Anything can be photoshopped nowadays. Are his supposed trading accounts and profit/loss statements that he post audited? If not, how do we know that they are real? Because the screenshots looked real? LOL
 
The PNL is real bc it was posted within a minute of taking the picture with my phone and the account number is showing... the audit is photoshopped, however.


#investopedia
 
TheDawn said:
In both of these cases, I just walk away, I don't stay there and continue to spew expletives.
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I don't see you walking away here, though.

My impression is that you think he's a d*ck and he's been mean to you and because of that you are saying he's fake. That's what I meant by your emotions getting the best of you.

I don't know if he's the real deal, though. Don't care at this point. My impression is that he is, but I may be wrong. It's hardly of any relevance to me. And yeah. I've been on his bad side, too. Probably still is.
 
TheDawn said:
Wrong side? LOL You mean the "disagree with him" side? Because he's the ultimate Options God here right? He cannot be wrong? He's always right? Whatever he says is the Options Bible??!! LOL That's not "knows very well" that's bullying. If he really knows something really well, he shouldn't be afraid of somebody disagreeing with him. Bullies bully not because they are strong. Bullies bully because they are fucking scared and that's what I see in @destriero. Yeah he knows things but he's not indisputable. I presented my arguments to back up my observations and so far he hasn't come back with anything other than "you moron", "you piece of shit", "you know shit"...LOL



Honestly I don't get emotional but it's just annoying when people dismiss other people's arguments by attacking and calling them a drug user, or out to lunch or stupid or whatever. If you have some valid argument, why don't you come back with your arguments? I come on ET here to really try to learn something sometimes by arguing and to socialize a bit even by trolling. LOL I am not competing with anybody here. I compete in the market and not on an online forum. LOL I insist on my views and arguments because I really believe in them. If you think I am wrong, then come back with valid arguments to show me I am wrong unless you are a troll and have got nothing to offer which is what @destriero is, up to a certain point. I have been on both sides of being educated and educating others. I have been silenced by people who really know their stuff and I have been silenced by others who I try to help but refuse to listen to me and choose to attack me instead. In both of these cases, I just walk away, I don't stay there and continue to spew expletives.
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Nobody faults you for trying to help. I fault you for offering advice in which your diametrically opposed to facts, knowledge, theory and practice. I do enjoy your 3K word tilts at the slightest nudge. I've never seen anyone on here with thinner skin. It's hilarious.
 
Laissez Faire said:
I don't see you walking away here, though.

My impression is that you think he's a d*ck and he's been mean to you and because of that you are saying he's fake. That's what I meant by your emotions getting the best of you.

I don't know if he's the real deal, though. Don't care at this point. My impression is that he is, but I may be wrong. It's hardly of any relevance to me. And yeah. I've been on his bad side, too. Probably still is.
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I don't GAF if he thinks I am fake. His logic about the vol-outcome of the 1987 Crash was the most cringe on this board in years. It actually hurts to read. It's not a matter of opinion (1987).
 
Would you prefer to trade Flys and other 4 leg structures at 1.50 per option??Each Way??

Yes my main business is a form of market making..On a good trade,I make 5 F-n cents.Its gotten much more competitive and its down to 2 cents..Thats the life of what you would call a "market maker",one without 2 sided flow who picks his spots...

FWIW,I can only do what I do because of zero commisions. In 6 months,I have spent 120k in commisions.Under the old structure,I would be somehwere between 550k and 700k...

I think you should stop using the term retail..Its a nice way of saying inexperienced/dumb...

This is a tough game with very small edges...





TheDawn said:
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
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taowave said:
Would you prefer to trade Flys and other 4 leg structures at 1.50 per option??Each Way??

Yes my main business is a form of market making..On a good trade,I make 5 F-n cents.Its gotten much more competitive and its down to 2 cents..Thats the life of what you would call a "market maker",one without 2 sided flow who picks his spots...

FWIW,I can only do what I do because of zero commisions. In 6 months,I have spent 120k in commisions.Under the old structure,I would be somehwere between 550k and 700k...

I think you should stop using the term retail..Its a nice way of saying inexperienced/dumb...

This is a tough game with very small edges...
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Are you an RMM? Are you making a two-sided market at retail? I was babysitting flies (matrices) for a while. Bidding the pfly and offering the cfly. I made $6/contract on average under TIMS but it was small time even under PM-accounts. Tiny initial gamma so I wasn't getting picked off on 20 lots.
 
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