Don Bright's OO YTD Results-WOW!

Discussion in 'Journals' started by mergerarb, Jul 16, 2003.

  1. mergerarb

    mergerarb

    WOW! I made it on the FBI’s 10 Most Wanted List! I can’t believe I am a criminal.

    Let’s go over exactly what I assumed in my post that generating such persecution.


    I looked up Don’s posts in his PUBLIC Opening Orders Journal and recorded all the days he stated a profit or loss from his opening orders. I did not state that these were from his personal trading account. My excel spreadsheet listed the date and P&L amount that Don stated he made on that particular day. Example:

    Don Bright
    Bright Trading
    Registered: Oct 2001
    Posts: 2975
    07-07-03 02:49 PM
    Monday Morning....

    OK, filled on 3, profits on 2....+$280.

    (coulda been more).....

    Don

    __________________
    Don Bright (not an alias)
    http://www.stocktrading.com


    I summed up all of the days he posted OO P&L info to arrive @ YTD amount. I assumed this was gross profit.

    I then calculated what a typical trader would have netted based on what I thought were typical commissions and expenses. I did not say that Don netted this amount only what I thought a typical trader would take home. My inputs were 2000 share lots and a commission rate of .01 per share. Plus, what Bright used to charge for a seat fee as stated on their website. When Don stated that he was filled on 3 lots, I assumed for each fill the typical trader would have commission costs on 4000 shares ( 2000 in and 2000 out). My spreadsheet simply contained all of the calculations.

    What’s the problem, why can’t I add up figures from someone who is posting information on a public forum? I STATED THIS VERY CLEARLY. Someone else add up the P&L amounts on Don’s OO Journal. Please Administrator help out the little guy - what are the exact rules?

    What about harassment? Where do you draw the line? I am afraid to post any more info.
     
    #11     Jul 17, 2003
  2. Sounds pretty reasonable to me. I don't know why people are jumping your ass or removing your spreadsheet.

    I don't see how you have much to worry about in the way of legal action. If someone posts their results in a public forum, I don't see the harm in someone else compiling and summing those results.

    It seems some here are wound pretty tight!
     
    #12     Jul 17, 2003
  3. jem

    jem

    hey, I would not worry too much about the legal threat. I do not even know what is offensive about the post. Were the totals correct based on Don's posts or not?

    And then lescor said hey thats good money for 20 minutes a day. I thought Don was looking pretty good after your post and I will bet a lot of other people did also.
     
    #13     Jul 17, 2003
  4. GHansen

    GHansen



    Assuming your numbers are correct (or close), you did nothing wrong and everything right. Somebody has to hold this guy accountable. This opening-only BS is fools gold. The specialists know people play this game. That and the fact that everyone and their dog are playing this idiotic strategy, is a recipe for failure.

    Don, the only one you should sue is yourself, for false "advertising."

    KINDLY NOTE: THIS IS JUST MY (POSSIBLY INCORRECT) OPINION DON. PLEASE DON'T ISSUE ME A SUMMONS.
     
    #14     Jul 17, 2003
  5. lighten up eveyone....just send my PM for more exacting details.....I'v simply tried to helpwith everyone's strateies....

    Don

     
    #15     Jul 18, 2003
  6. No offense O'great one...but i think it's YOU who need to lighten up a little....unless there's something we still don't know?????

    whatever, nice day for you though...questions though: are you done for the day? I too play the open and then wait until later in the day ands see if i like something...if I read your previous posts right...are you saying that's it for the day?
    thanks
    tm
     
    #16     Jul 18, 2003
  7.  
    #17     Jul 18, 2003
  8. He must be hanging around with RS7 of late.:D
     
    #18     Jul 18, 2003
  9. mergerarb

    mergerarb

    I would like to fun this wkend. What's the deal? Don, you're done working for the day - add up your posts on your ET OO journal and tell me if my totals are wrong. Remember, only the posts on your ET OO journal that are in a public forum. Maybe you should start a running total if you are going to post daily amounts.
     
    #19     Jul 18, 2003
  10. lescor

    lescor

    HA! Let me guess- you've tried it and got creamed, or you know people (losing traders) who have. Ya gotta know how to trade bud, sorry if that's a problem for you.

    Up $900 this morning, this fool's going waterskiing. Have a nice weekend.
     
    #20     Jul 18, 2003