Amazing! You have ONE data point; someone who lost a whopping $1000 on OO. If a $1000 loss hurts that much then they likely shouldn't be trading. This isn't a recreational activity. The facts are that most traders are likely to fail. There are no guarantees in this business ... and that's what it is, a business. Ask your "friend" who emailed you WHY he/she failed? Was it poor money management? Lack of dsicipline? Did they execute the OO strategy as taught? Plenty of people who have been successful in other endeavors in life don't make it as traders. I can only wonder if you're a failed trader yourself lashing out at anyone who has a different perspective. I'm sure you've reached the masses with your ranting about this being a losers game. Go pat yourself on the back. I started at All-Tech in the 90's. They offered boot camps also. And guess what? A good number of their aspiring traders failed as well. That's life, some make it and some don't. To assign the blame to someone who offers instruction is a bit near sighted. After all, no one forces any aspiring trader to put up money for training. It's a choice.
I'm happy to respond to you, but it's getting a bit borring with "the other guy" - you are a real and serious trader, and know Darren and Rob well. Darren now backs nearly 40 traders with PairCo's profits....and they're still making good money....I am personally very proud of what they have done. Indidividual traders have made more $$ within the Firm during the last couple of years, but as far as solid and consistent profits, these guys are Good!, as you know. All the best Mike. Don __________________
Flat opening, and then I started "fading" the rally, got stuck, traded back, up for day, but I don't cound that for opening. Have a great long weekend everyone!! Don
One fill today. Didn't participate yesterday - had to go to the ultrasound for baby #3 (damn family crap!) +$215 Mon: -110 Tue: -85
Hope the baby is doing fine, those tax deductions can add up (you pay $10K per year, get $1,000 deduction)...LOL Give you wife my best!! Don
Shorted IR today, , but managed to work my way out of the bad position(Don't be sore........short some more) +$300 today. Have a great weekend, I know I am looking forward to it. Mike
So did you average your price up, in this case...against Don's advice? LOL Have a good weekend yourself.