Gee, so nice to hear your positive re-inforcement I would like to ask you to come out and debate this, even on line....(I know you won't, but it might be interesting to others on the board), and, BTW, I do need to thank you for your comments, because every time you say something like this, I get new PM's and traders who applaud me for my civility and honesty. Have a good day! Don
selling patterson twice today was good trading ( i was long overnight ) HOWEVER i never took starwood long nor patterson short (when i sold ) from when they converged and then proceeded to diverge perhaps don would be kind enough to tell me how bad of a pair and an idea trading these two as a pair are...i know pairs should be within a sector but hey, you have to live a little ...heh alex
don, you are too kind...thanks... i only trade the 2 as a pair when we have a good move in spot oil and i weigh patterson heavier and longer (time frame )while starwood lighter and shorter (time frame) there's more, but i don't want to bore you...LOL alex
If my posts were really valuable to you, then you wouldn't have had them deleted! The fact remains, I get just as many PM's from former Boot campers that thought is was a waste of both their time and money and wish that I had started speaking the truth much sooner, so they could have saved 5 or 10 thousand dollars. You know the crap you pull at the class and on here, How you ask people not to submit negative reviews, how you have negative posts deleted off this thread, and even had people banned for "speaking the truth".
I haven't asked for any deletions of your posts....ET does their own "policing" - feel free to send me an email or give me a call to chat. Don
hi don. i have an idea. why doesnt bright trading put on a combination elitetrader get together/trading seminar some weekend this summer. i need an excuse to come out to las vegas for a tax deductable weekend vacation. how many other elitetraders would be interested? if so speak up. a weekend in vegas with a bunch of traders could be fun. remember, "what happens in vegas stays in vegas". lol.
FWIW, I think you go too far. I went to the Bright trading course many years ago. I can tell you that at the time I did not know of these particular strategies. I learned alot and while I could not use the strategies recommended because I stayed retail, it did get me thinking about how professional traders approach the stock market, and in particular the listed market (I came from a futures and automated systems approach to trading.) Is it worth $1000 today? Back then I think it was because getting real world experience when money was flying all over the place was worth it. Today, in my opinion the cost of the class should be at most $500 because there just isn't that much money to be made by trading this way. But here is the thing - People estimate what their time/knowledge coupled with the demand for what they are offering is worth and charge accordingly. As people continue to pay $1000 to continue to go to these classes, why would Bright reduce the cost? In a capitalist market, demand and supply creates the price. What I do find funny though is that people that keep attacking Don for this thread. The Opening Only strategy has been completely discussed on ET many times. If you read through all the "Opening" threads, you can put it together. Further, Pairs trading is no secret either. What exactly is he selling if you get the strategy here on ET? There is only one answer to that - Bright Trading brokerage, because in order to do these strategies correctly, you have to have access to lots of capital. Although I have reservations with the way that profits are reported on ET with these strategies because there is no mention of the leverage used or the commission payed, I don't think there is anything wrong with the rest of it. nitro
what's the average drawdown per time unit (day, week, month ) using the opening strategy ? i know nothing of it...who coined the phrase/strategy?