Why are there so many negativities on this "Elite Trader" board? All I see most of the time is people tearing each other apart. One might be elite in trading but sure lack being elite as a human being. When can one contribute something constructive, even if one knows nothing about common courtesy?
Absolutely agree. Regretably the internet gives individuals a place to hide and poke at people, concepts, thoughts and ideas they wouldn't or couldn't confront and attack in person. Sadly, small people make small choices.
traderzones, what is your inherent value to this group, zip!!! what is your inherent value to society as a whole, zip! will you be missed, doubt it!
It's the internet, and it's all bullshit Wanna read crazy trader stories? Market Wizards. Those guys are for real. Richard Dennis comes to mind...
Here are some extra juicy details : "NFA fines Larry Williams for not reporting to potential clients that, while his personal account in a promotional 1987 contest was very profitable ( a gain of + $902,599 ), his managed accounts for clients lost substantial funds ( - $6,122,281 ). This constituted deceptive and unbalanced promotional material and disclosure statements. Details in William Gallacher's book Winner Take All. http://www.amazon.com/gp/product/1557385335 Footnote -- In July 1988, the Larry Williams Financial Strategy Fund was launched, followed in March 1989 by the World Cup Championship Fund, managed by Larry Williams, Jake Bernstein and two others. The 1988 fund lost more than 50% of its clientsâ equity in barely one year, as reported in the October 1989 issue of Futures magazine. The 1989 fund also lost more than half of its original equity by May 1990. " http://www.jurikres.com/snake/lawsuits.htm
1987 : net loss $902,599 - $6,122,281 = - $5,219,682 july 1988 : +50 % loss in 1 year march 1989 : +50 % loss in 1 year pretty consistent in the wrong direction... Thunderdog, When was the "timestamp, broker/moneymanager collusion" problem solved ?