I have correspondent with Doug Allen privately. He seems like a sincere guy, however, this is appearing more and more like some kind of tony robbins NLP experiment of some sort. I have attended NLP seminars and have met tony robbins. His true believers talk/write exactly in the same manner as Mr. Allen. I have also looked into "remote viewing" as that is what his "world's best trading coach" teaches. Remote viewing is total and complete BS--the same people who believe in psychics, tarot cards, and conspiracies "believe" in RV. Not the kind of people who should be managing investor money in my opinion. This feel good quasi religious mantras can work in interpersonal relationships or regular businesses. however, when combined with the market, often spell financial disaster in my experience. When are you going to spill the beans, Doug, what is this really about---are you tony robbins, bandler, or another similar type of NLP guru? best, surf ps. for those who have no clue what NLP is: http://en.wikipedia.org/wiki/Neuro-linguistic_programming http://en.wikipedia.org/wiki/Remote_viewing pss. i concur that old money would never mention a RR, however someone newly wealthy or pseudo wealthy might.... knowing where Doug lives--i remember driving another RR--range rover-- fishing in that region and the odd looks and stares--so its indeed possible...
"Do you know what a fund of funds does? It invests money with traders who often call themselves hedge fund managers. The problem with hedge fund managers is that there is no transparency. The same objective could be accomplished by having a talented trader trade my accounts held in my name. I'm not sure why this seems like such an extraordinary suggestion, let alone slimey or dishonest. In fact, it seems like a really smart idea. All I need to do is spend some time looking for a couple legitimately great traders and open up a trading account or two. Then I put capital to work and everybody wins." Yes I know what a fund of funds is and the business model has been discredited in this moment of reality for hedge funds. Two layers of fees, not a good business model for anyone but the FoF. Tremont Capital was an A list FoF for example and now they are out of business (they met Bernie Madoff! their value proposition was "access" to him). I'm not being a cynic for no reason here, I've been around the business a while. Let me be a bit more polite. I can safely say that you'll get takers just not good traders. Dangle a million dollars in front of people and offer them half the upside, no downside, sure people will jump on it. Go for it and good luck to the psycich guru person! The guru mentor thing just compounds the suspicion.
Someone offers a free powerball ticket... natural human assumption is "what's the catch?" Of course there is some degree of a catch, somewhere. No human does anything at all, ever, without some manner of selfish gain. That includes every single free educational guru "just paying it forward" who have come & gone thru here over the years. The OP either genuinely wants funds managed without strings attached, or has an alterior motive. From the reader's standpoint here, who really cares? His offer is risk-free to ET readers. 100% risk free. Simple matter of keeping one's wallet on their hip thru the entire process from A to Z. Then again, that's the same choice of behaviors we all have in every aspect of life. Time promotes or exposes everything. Days, weeks or months from now everyone will see where it goes. Until then, today offers another trading session to work within. Opening bell is straight ahead.
At first I thought, Doug Allen, why do I know that name? Then I remembered an old Rock Hudson/Doris Day movie, Pillow Talk. But the characters' name was Brad Allen, not Doug. So, I guess I was wrong. Back to business
I had decided to retire from ET, but this thread is actually interesting. Firstly, I do not know who Doug Allen is, nor do I drive/own an RR although I have just come ashore from a three week cruise down the west Mexican coast and the guy from whom I chartered the yacht told me that he owned a RR. Mind you he didn't say that his name was Doug. So now we have dealt to the useless information, this is my take on Doug's thread. Firstly, it has good content, but because it is written in a manner to attract traders with the potential to make big money, it will not appeal to 95% (make that 98% of ETers) At the risk of repeating myself, the core to my trading is 'no losing days' For those of you who have followed my trading postings, you know (or think you know) how my mind perceives the structure of the ES market and how to make it work for you rather than against you. Of the people whom I have helped privately, several say they are now profitable daily and growing, most say they are getting to that point and nobody has abused me. Did I charge a fee .... NO Reason being, that the fee is not just lose change (beer money) but it changes the dynamics of the relationship. A fee empowers the pupil to offer input into the very procedure that he/she is paying me to pass on to them. I made it quite clear to the people I became involved with, that I have no desire to teach trading. All I did was show them how I trade ES for 'no losing days' And that procedure involves the pupil reaching deep into their mind and resetting switches implanted in there as a baby/child, in their youth and by their daily experiences, behaviour and contacts in their adult world. The world we are raised and live in is based entirely upon manipulation. From well meaning parents to the Church, schooling, careers, purchasing, even leisure time, the vast majority of folks are manipulated morning noon and night. In other words, the vast majority of 'first world' folks live a life completely beyond their control. Stop for a moment and ponder on how the 'first world' became the 'first world' OK so far Lab Rats.............. You cannot live a sane, fun, fulling life outside this world of ours in any form or another, and nor would you want to. However you can place your mind outside the goldfish bowl of life and look in. When you do this you will see an entirely different picture. It is as though you can see past, present and future all wrapped up into one. This is where the Trader places him/herself. Not in the bowl looking around but outside looking in. Back to Doug............ If he is offering someone whom he deems has the potential to trade and if he is offering a path to moving their thought patterns outside the bowl and thereby removing the mental blocks layered upon layer over the years, there is a good chance that he can show you how to trade in 'the now' ... in which case I would say 'what have you got to lose' He is the one who stands to lose, not you, after all, all you have to offer is your time, and judging from ET most days, time is not a valued commodity. Funny that, because time is your one finite commodity in life and most people spend the majority of their life committing acts of stupidity rather than using time wisely to advance themselves. Anyway that is my take on this thread. As always if something I wrote does not suit your current presence of mind then simply discard it. regards f9
No worry, I read only three posts of this thread and meant everyone who didn't roll on the floor laughing.
No, David, you're right. That character was based on me. I just made them change my name so that it wouldn't come back to haunt me years later. I knew I should have had them change my last name too... oh well, live and learn I guess. Anyway, I also wanted to point out that what I'm offering doesn't have an ulterior motive for me -it has a direct motive! In case you missed it, 2008 was a brutal year, especially for hedge fund managers. My business is investing money in hedge fund managers. The universe of possible investment options has diminished, and those that are left suddenly have been exposed as being a wee bit more risky than their glorious track records might otherwise indicate. I've been told that there are still $79 TRILLION cds's on people's books. So it seemed smart to have money allocated into accounts managed by traders who have developed their own styles. This has multiple benefits, including total transparency and liquidity. If the traders here actually are anywhere as profitable and skilled as they let on to be, one could create a killer fund of funds just with the talent from ET. The traders win because they scale their strategy with OPM with zero risk. I win because I can sell what I'm doing to investors that have a lot of money on the sidelines. The investors win because their money is being managed by people who know what they're doing, and because the different trading styles would be uncorrelated, and because we would have total transparency and liquidity. This is really no different than any other business partnership. Different people, with different skill sets and experiences, combining to produce something greater than any could individually. Doug P.S. I'm leaving for New Orleans on Friday for 5 days. I will have a web site set up before I leave to help coordinate this entire process. I've never done anything exactly like this before, so it's going to be a learning experience in many ways. Any suggestions would be welcome!