How to spot a bogus guru

Discussion in 'Chit Chat' started by jem, Mar 27, 2007.

  1. firenthunder

    firenthunder ET Cabana Boy

    1: They will tell you they have a 100% strike rate

    2: Their name will be Jack Hershey
     
    #31     Mar 27, 2007
  2. Jon Frum

    Jon Frum

  3. #33     Mar 28, 2007
  4. All of their posts are just spamalicious.

    They trade, year (to break-even), but they make money off of the acolytes.

    JJ
     
    #34     Mar 28, 2007
  5. BSAM

    BSAM

    Virgin.....Austinp---

    Who won?
     
    #35     Mar 29, 2007
  6. austinp made 3 losing trades in a row, Virgin was a total NO-SHOW after the Opening Bell.

    In my book, austinp wins hands-down.

    I doubt we'll be seeing Virgin around here under the same alias anymore, at least for his sake, I hope not. :(

    But all-in-all, it was fun for a few minutes.

    JJ
     
    #36     Mar 29, 2007
  7. BSAM

    BSAM

    Figgers. Thanks JJ.
     
    #37     Mar 29, 2007
  8. <i>"austinp made 3 losing trades in a row, Virgin was a total NO-SHOW after the Opening Bell.

    In my book, austinp wins hands-down.

    I doubt we'll be seeing Virgin around here under the same alias anymore, at least for his sake, I hope not.

    But all-in-all, it was fun for a few minutes.

    JJ"</i>

    In <b>virgin's</b> defense, there was no contest. He invited me to call some trades in the chatroom after I asked him to post a blotter showing he has ever taken a single live trade with real money.

    It was a busted morning for me. The power company knocked on my door to announce power was going out for 15min on my road. Power was restored moments after the breakdown into Bernanke's speech. Missed a sell signal there that worked for several points.

    Worse, the ET javascript chatroom apparently conflicted with ninja on my computer used. As price action hit S3 value for a high-odds buy, my platform pricing was off by 3pts. A total reboot, then switching ET javascript platform to second tower with charts solved all problems immediately. By then, price action had spiked sharply off S3 as one would expect.

    By day's end, there was enough distance traveled to catch small profits in either direction. If <b>virgin</b> traded thru it, I'm sure he'll post a blotter showing real trades.

    *

    I'd like to think I wasn't purposely duped into something where the other person was just pulling my strings. I did enjoy my stay in the chatroom, the conversation was very interesting & entertaining most of the time. A refreshing break from JH and PT soap operas that dominate most threads in the main site.

    Again, there was never intended to be any trade contest. I merely asked virgin to post a single trade blotter, and that somehow morphed into me joining him in the room. If he opts to post one trade blotter from any day in history, his credibility as a trader is 100% restored.
     
    #38     Mar 29, 2007
  9. BSAM

    BSAM

    Bro, if you ain't a politician, you oughtta be.
     
    #39     Mar 29, 2007
  10. <i>"Bro, if you ain't a politician, you oughtta be."</i>

    If I had posted my thoughts yesterday noon, it would have been a different story. My morning ES trades went -2, -1 and 0 when the sequence should have been -1, +4, +4 and 0 instead. Part of that difference in results came from fumbling with the chatroom in the first place.

    I fumed and stewed over all what transpired for a bit, but time tempers anger. The only thing that matters in reality is how I handle today's trading opportunities. Anything else is irrelevant to traders, and sometimes I need to remind myself of that fact.

    I will tune into the chatroom going forward, the conversation was interesting and entertaining, for sure. Might not say much, but it's far better company than CNBC or the main message board these days :)
     
    #40     Mar 29, 2007