Hi RedDuke, it's Chuck's private chat room mentioned in 'Millionaire Traders'. It is not open to the public. I've been there almost from the beginning and that's the place I met jbt, too. Kalle
Met Boris at the L.A. Trader's Expo and had just finished reading the book. One of the best I have read with some of the most intrepid traders around. An excellent read with good and practical market information no matter what you trade.... Thanks again.....
Hi Boris, Have almost finished reading the book. Great book, and I had a few questions. Your question above, are you a market maker or market taker, does the "market maker" type of trader trade directionally or...? I don't quite understand the difference would you mind elaborating or giving an example of how this works. Secondly, this might be a very naive question but of all the traders you interviewed, what kind of returns on capital were they making? I'm curious about what a scalper, FX trader and emini trader might make annually returns wise and also what's possible, if it's ok to talk about it. Thanks.
http://alaskakid.wordpress.com/2009/02/05/ponzi-scheme-02-05-09-chuck-hays-crossfire-trading/ http://www.twincities.com/dakota/ci_11640821 Problem is that the allure and fascination of being known as a successful and wealthy trader is so great that so many of these folks will put up this false image using false money while they struggle to still figure out how to make money trading. The CREDIT BUBBLE burst and now you have the fallout. The fallout is still only in the 5th inning or so.
Sure looks like him. The Chuck Hays in the book was also from Minneapolis. This is really pathetic. His style of trading (as described in the book) was the most interesting to me. I'm curious if the book authors did any due diligence to verify that he actually was ever a successful trader before he created his ponzi scheme trading fund.