Man that is so stupid! Gimme a break! lol It is so ridiculous to see everyone here egg each other on. So many followers, it reminds me of a bunch of little children at school who pick on one kid day in, day out, just to be part of the lynch mob and "cool like everyone else". I've scanned through this thread, honestly I think Doug has done a great job answering to his critics in a mature, level-headed, and thoughtful manner. Everyone acts like little babies, "tell me now, tell me now or I'll throw a fit!" He's making an offer (however cryptic it may appear to some) and apparently he is doing it on his terms, not the applicant's. I guess that doesn't work for many folks here, understandably so. If you don't like it, how about just walking away with your dignity? Aren't there better things to do? I see that some people here say that the best traders are the ones who are snide and arrogant and that may be true to an extent...but that is a blanketed statement and you don't have to be snide and arrogant to be the top notch at anything. We all come across this kind of person in all walks of life. Why are they such assholes to other people? Why do they feel they don't have to respect others? Why would they rather discourage and try to "protect" their area of expertise from any up and comers? Because they are afraid...they are insecure about something(s) in their life and haven't matured to the level where they ditch the egomania and insecurity and graduate to the realm of acceptance, honor and respect. I have surpassed many people like this in life, the know-it-alls, the naysayers...if you can't surpass them in skill, you can always learn as much as you can stand from them while you're there. Then you move on and surpass them in honor and integrity. They may be good, even great...but they'll always be a dick with a chip on their shoulder. One of my favorite quotes from the late great jazz drummer Tony Williams: "Just because someone is a great drummer does not make it okay for them to be a terrible person." I couldn't agree more Lighten up ya bastards!
Keep board posted on this. May it serve as a warning to others with false claims and twisted promises. False advertising is critical issue lots of people on financial edge now got taken in by the smooth talkers.
Yep, let's all pack up and go home. They may as well close down ET and every other forum and chat room because no-one should comment about anything, it's nothing to do with us, we should just stick to our own business.....
good morning CT. The E in ET clearly stands for 'Entertainment' Who doesn't know this.They should hang their heads in shame. It is our duty as fully unpaid members of this little band to dolly up joy, laughter and indeed entertainment on a daily basis. doug dug and several others here clearly understand this and put their shoulders to the entertainment wheel with their daily contributions to the ET mantra. namely ............... "When trading is obviously beyond you, then sell advice and tuition to the poor mugs who think that trading for a living lies in front of them" Honestly, I really don't know what all the fuss is about when I look at the world in 2009 and how it got here. regards f9
Thanks Sush - will do. What really got me going on this were a couple of facts: 1) Doug's second email was a promotion of someone ELSES services; there was little in that message related to the next steps towards qualifying and selecting potential traders / money managers. 2) Doug's website had no transparency; there was no physical address or phone number listed. 3) Doug's website indicates an investment style almost 180 degrees of that of what most of us would consider prudent trading / investing. The rest of the website is promoting all of these nichey, highly illiquid, nascient start-ups in a very high risk area of clean/green/alternate energy. Suddenly, I saw shades of Tim Sykes and that really stupid investment he made in that internet transaction company that did him in. 4) I sent him a personal response via email; never receive one in return. That was quite a "tell". Only takes 30 seconds to respond to an email.
Top'o'the'mornin f9 Exactamundo, E is for Entertainment! Talking of entertainment I'm just watching Ben on Bloomberg. I'm thinking he would look good with a clown nose, it might cheer things up a bit as he seems very gloomy about the economy and blames some of it on fund managers and their traders taking excessive risks.......
And the spending of all of that TARP money wasn't an excessive risk ? What a joke this government is ! Obama Administration Motto: DO AS I SAY, NOT AS I DO.
FWIW: I "signed up" 5 times using different email IDs after he said the limit was 100 and it appeared to have reached limit according to him. Each time, I "signed up", it appeared to be accepted, even though this should not have happened. Also, the content of the text messages, were very close to standard Internet follow-up marketing. The whole thing has an aroma of a marketing pitch: 1) Hit potential customers with a very appealing message - here, by appealing to many desperate traders, promising to let them trade his money. As he is "giving back" since this is how he got into the game. 2) Generate buzz/viral marketing - for free if possible. Well, that was obvious what happened here on ET. This is clearly in violation of ET rules, but ET refuses to honor their sponsors by cracking down on spammers. 3) Harvest email addres (landing page, whatever) - he claims over 150 interested people at one time. His "registation page" certainly got that in spades, while continuing to prime the pump of despeate trader-wannabes. 4) Follow-up messages generated by autoresponders. I have gotten several of those. His messages come straight out of "internet marketing 101" courses. I will say that honestly, his messages said very clearly that the training from this "remote" person would be free. Whether he intends to resell these emails, use them for perpetual marketing of his own, I would say that this is the 95+ % likelihood. I just tell what I see. Right now, I would bet that there is less than 5% (probably less than 1%) chance this leads to your average trader Joe trading hundreds of thousands of Doug's money. None of this seems as how someone who wants new traders managing his money come across. Maybe if he finds a few traders who show promise then they might be his traders, but I have the feeling that Doug Allen has little money to call his own. And that there is no OPM to manage... IMHO