Who to listen to at ET?

[taowave]

Oh yeah.Try this one on for size...Ill bet you my commisions are a higher percentage of my P and L than yours.

I paid 680 in comms last year so I got you beat!

 

[destriero]

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

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.

 

[destriero]

Is this dude spec-needs?

 

[TheDawn]

LOL!!!!!

Welcome to to Des....

If you ask nicely,hes very helpful

People have asked him to clarify what he is describing and have asked him questions about his strategies (most people don't because they are afraid of being shown as ignorant and unknowledgeable and instead just keep a google tab open like @zghorner does and pretended that they have found the answers LOL when they've found none because those terms simply do not exist. LOL) He hasn't answered or explained once any terms that he uses or his strategies by using more obscure terms or by citing proprietary issues.

So no, he hasn't been helpful. LOL

 

[taowave]

No RMM....

I pick and choose my spots in options typically less than a buck and improve the markets...

Its an f-ing grind,and got put in the penalty box for 3 months due to placing/cancelling 390+ orders per day...Labeled a pro,and once that happens,you are basically hitting bids/taking offers...

Didnt have a real down day for over 1.5 years (other than a silly mark),but the demand for upside cheapos has evaporated..along with my P and L

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.

 

[TheDawn]

I don't see you walking away here, though.

But not spewing expletives either. LOL

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.

No I don't just think he's a dick. I think he's a fake pretending to be a dick to hide his fakeness.

 

[destriero]

I have one of these on. Feel free. No clarification. Long vol throughout the curve. Takes -800 beeps in volshift.

 

[lucysparabola]

People have asked him to clarify what he is describing and have asked him questions about his strategies (most people don't because they are afraid of being shown as ignorant and unknowledgeable and instead just keep a google tab open like @zghorner does and pretended that they have found the answers LOL when they've found none because those terms simply do not exist. LOL) He hasn't answered or explained once any terms that he uses or his strategies by using more obscure terms or by citing proprietary issues.

So no, he hasn't been helpful. LOL

STOP EXPECTING PEOPLE YO GIVE YOU HOW THEY MAKE A LIVING.

nobody here owes you a goddamn thing. holy fuck the entitlement, on a T R A D I N G forum nonetheless.

 

[Darc]

So of the Posts make it sound like Horse Racing or Poker might be better odds.

Stock Trading is still better right? The smarter Man's gambling?

 

[TheDawn]

Oh yeah.Try this one on for size...Ill bet you my commisions are a higher percentage of my P and L than yours.

Yeah that's the only or probably biggest advantage retail traders have over professional investors/traders is that we face lower fees like data subscription fees and lower commission not because of pfof but because of our trading size being smaller. The only other advantage that I think of for retail traders is that we are able to move our orders faster because again of our trading size.