"I Am A Market Maker"--The Quote

Discussion in 'Options' started by riskfreetrading, Feb 4, 2008.

  1. A typical statement of someone who wants to appear as a great trader (in options market in particular): I am an ex-market maker. Yet their past (present for current MM if they exist) and their fate proves two things:

    1. They know something about risk, as otherwise why did they live only on bid-ask spreads?
    2. They did/do not provide a function that requires thinking and creativity. The proof that they do not: they have been replaced by computers, and sent to the upper office (if not to the street office).

    The next time some MM show up in this forum and pretend they know something about risk and thinking in trading matters, refer them to this thread to answer it. I do not care if these people will not like me. I am here to share about how to make money, not how to make friends.

    I am sorry, but readers should suspicious to anything that is written and affixed with something that contains the word "I Am a Market Maker" (particularly an ex-MM).

    BTW, I am NOT a MM. And never visited nor do I intend to visit an exchange. But I might buy a seat one day (for investment and decision making reasons).


    You can also add: "I Am/Was the Specialist" to the above quote.
     
  2. marketsurfer

    marketsurfer Sponsor


    I am sorry, but readers should suspicious to anything that is written and affixed with something that contains the word "riskfreetrading" (particularly a potential vendor testing the waters).

    you can also add "free trading software" to the above quote.

    surf:D
     
  3. You sound like a member of the "I Am an Ex-MM" family. I take it that I am right in my analysis about the quote, am I not? Stay in your noose set for you in this thread.
     
  4. please define market maker.
     
  5. H*Pi

    H*Pi

    You may benefit from a stint as a MM. Perhaps your theoretical knowledge would be greater than a rank-amateur as a result. You seem envious.

    BTW, I am NOT a MM. And never visited nor do I intend to visit an exchange. Believe us, it shows.
     
  6. segv

    segv

    Please do not feed the troll.
     
  7. Wow.

    I have never seen a person take more shit than RiskFree.

    Wow, his name is riskfree. Lets all mock him every single post.

    Ridiculous.
     

  8. switze,

    I dont think its his name as much as its his attitude, either way its very entertaining.
     
  9. Thanks Switze. You are one of the very few people I noticed who have some real spark. Remember no one answered your question about the breakeven. You made money, and it is something that we know only a small fraction make.

    They even told you that you were wrong about what the books said. Yet I am almost sure that if or when you check your books, you will see that you are right.

    That is the reason why non-refereed published works are not reliable. If you listen to them they may blind your vision. Follow your critical mind.

    I am writing not for the people who oppose my views. I am writing for those who will read it in the future--the web has a long written memory.
     
  10. My attitude is no worse than yours. If my posts contain edges that cut you, it is not my fault. You cut yourself because of your false statements. I never called you names (but you did call me names and initiated it).

    You have the attitute of those who think they are too sharp to the point that they cut themselves. You do not even understand what a principle is, what the word prediction/forecasting mean, etc

    It seems to me that you are one of those who do like parrots: Repeat what others said, with a writing style that may make you pass uncaught.

    If you also believe the saying High Return requires High Risk, you definitely have parrotitis. With it you may also believe in such thing as Infinite risk without realizing that you just accepted another concept that I will not name here, but you probably know what I mean.
     
    #10     Feb 4, 2008