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You are more likely to become a top Hollywood actor or popstar than profitable trader
- Thread starter crgarcia
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schizo, I unsubscribed from this thread. I have no interest to waste my time with bs anymore, which is not related to our bet, especially I have no patience to deal with people whose intellect is not up to par.
Please PM me if you still want to proceed which requires your phone number. I have all the downside, you have none, I repeat, this is the absolutely barest minimum I can ask for. Accusing me of trying to get out of this bet because I require your phone number is hilarious, given that you stand to lose absolutely nothing.
Please PM me if you still want to proceed which requires your phone number. I have all the downside, you have none, I repeat, this is the absolutely barest minimum I can ask for. Accusing me of trying to get out of this bet because I require your phone number is hilarious, given that you stand to lose absolutely nothing.
Quote from schizo:
I'm gonna let the readers decide for themselves who's making the real excuse.
First, I gave my name and address along with my lawyers' contact information. I have yet to receive the same personal information from Asiaprop.
He insists that I provide him my phone number. But what's the difference? My lawyer, who represents me, would field all questions for me on my behalf. Now it strikes me as odd that Asiaprop really doesn't understand why I'm withholding my phone number. Maybe I don't want my family to be exposed to a fool like him? On the other hand, I wasn't afraid of giving out my address because I'm certain that there's nothing he can physically do that would rile me. But then again (read below).
Second, from the outset I have clearly stated that all transactions of any sort will be handled by my lawyer. Asiaprop seems to make light of this fact. I even offered him to choose the "escrow service" of his choice, provided that I be informed about it.
Third, what's stopping him from coming to my home and see the statements in person since he has my address? And yet he insists upon my phone number. Can anyone tell me why? Perhaps he doesn't have $75,000 that I'm supposed to collect?
Why not settle on live, private calls?
Cap leverage at max 1% risk per trade, than agree on a % return outside the realm of chance.
20% over a week should be acceptable to both parties. Ghost did 1000% over 2 months.
Put the money in escrow and have the steward adjudicate the live-calls. When 20% (or whatever) get's hit within a specified time, funds are released.
Maybe an outlier provision would help: a minimum number of trades must be made (ex 30 trades) to discount the possibility of lucky "big winner" trade(s) made early in the evaluation period?
This way, trader anonymity is preserved while sufficient "proof" is given.
Cap leverage at max 1% risk per trade, than agree on a % return outside the realm of chance.
20% over a week should be acceptable to both parties. Ghost did 1000% over 2 months.
Put the money in escrow and have the steward adjudicate the live-calls. When 20% (or whatever) get's hit within a specified time, funds are released.
Maybe an outlier provision would help: a minimum number of trades must be made (ex 30 trades) to discount the possibility of lucky "big winner" trade(s) made early in the evaluation period?
This way, trader anonymity is preserved while sufficient "proof" is given.
Quote from TrueProp:
"As Anaconda correctly points out..." Really? You use a quote from a self-proclaimed failed trader as proof that you're right? If we're basing arguments off of what Anaconda said, then position trading over a multi-day timeframe is impossible too...why...because he couldn't do it of course.
Excuse me, WHAT? I left trading while positive in my account and profitable on a monthly basis, so you better check yourself before calling others "failed traders". I have put away savings over years in the bank and pulled them out to get into an emerging industry, for which I am now funding trading operations (100% cash only). Even though I have been out of the stock daytrading industry for years, I still have contacts with traders who run LLC groups and can get an account with a minimal deposit of $2,000 with 1:20 leverage or more just because they know who I am and I have traded under them.
So please, take your condescending attitude and shove it up your a$$. You have not even been around the block yet when it comes to daytrading or trading in general. One of the things I do trade now and have for a couple years, is bullion & coins, which also requires 100% cash funds instead of 1:20 leverage. I would consider this more of a hobby rather career even though the profits are significant.
And also, do not tie me in with that troll asiaprop, whom I have on ignore for a reason. I made a post laying out my experience & my opinion. I chose to take the actions that I did, and the primary reason & motivation for it was identifying opportunity & trends. Contrary to your closeminded approach, some of us scan the world in general for opportunities and edges.
Quote from gambler2075:
What a loser... he is trying to make the conditions so ridiculous so he can back out of the bet on a technicality
"but.... but... you didn't give me the phone number in 12 hours, so, um, the bet is off!!!"
all too obvious, if you really believed in your bet, asiaprick, then you would make every attempt to see the bet through, and make your 75K$ profit.
All of us see what is going on here...
g
He does not really have the money to bet, in case it's not obvious. I said it from the start, he will not make the bet, no matter how much he insists that he would.
He acts like such a bigshot, so why not just make the bet for $5k so that in the case of some shady business, it would be an insignificant loss. But that won't happen.
Quote from asiaprop:
are you REALLY THAT DUMB? The bet was not about me getting 75k if I win the bet. The bet was that I ONLY HAVE DOWNSIDE.
Where did you get that idea? Both me and schizo are going to be risking $75k if we agree to terms and then can't come up with the track record we claim.
A bet is a pretty standard proposition - two people put up a stake, and the loser pays their stake to the winner. It's two-sided risk, not one-sided. Only having you on the hook would be totally unfair.
That's why we are (or were) negotiating just as hard as you for the precise terms of the bet. Why should we just let you name any conditions you feel like, and have to jump through hoops on your say so, when we have $75k of our own cash on the line too? If I'm putting up $75k then the least I expect is for someone to stick to basic ethical standards like keeping private communication private, acting like a trustworthy person (i.e. the type of person I would expect to stick to a bet, rather than wiggle out on technicalities).
Even if you negotiated in good faith, you've been rather naive here and made some totally inaccurate assumptions, which unfortunately just make you seem like a flake. It's actually quite insulting that you assumed we weren't risking any cash.
Unfortunately, because of how you've conducted yourself, I just don't feel comfortable trusting you either to keep my info private, or to actually pay up if you do get proven wrong. To go through 10 year old statements line by line to isolate the daytrades is going to take a full audit which is not cheap, and even then it's not 100% proof, you can always raise a bit of doubt as to what was overnight P&L etc. I'd only do that if I am very confident you're a stand up guy who will pay once I deliver the goods.
Also, since you don't believe us, I'd just ask a simple question - why would we risk $75k if we don't have the performance to back it up? In that case it would be all downside, no upside for us. If someone is actually proposing a meaningful wager, based on information that they have access to and you don't, then generally they are very confident that they will win. People don't volunteer 5 figure bets when they know they will lose. You are at a huge informational disadvantage because we know our records and you have no clue what they are. So, it was a sucker move to take the bet - anyone can think over the conditional probabilities and work that out.
Quote from tomdavis:
I don't owe you dick, Pancho. And I don't give a shit what you think.
The point is, beginning traders shouldn't give up just because some idiot loser says it can't be done.
But he makes a good point: why should he believes words as facts/truths (even if words are truths/facts)?
Quote from asiaprop:
I take that risk, PM me, I even pay for your first class airline ticket and hotel to the city in Asia I live. You made the offer, I publicly invite you.
P.S.: This offer applies to anyone with a 20%+ annual return track record over 10 years who wants to take a free vacation in one of the coolest cities in the world.
I like it! When the cat is absent mice dance, but when a cat shows up would the mice disappear?
it is possible for a retail trader to make some profit...that is a fact
but to make big bucks just ask the GOLDMANsachs traders
but to make big bucks just ask the GOLDMANsachs traders
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