You are right..............more like 75. In all seriousness there are far too many idiots on here who make 25 mkt calls a day for me to want to share ideas/talk seriously about the market. This place is a great source of entertainment...thats it. There are a few guys who I pm with to talk trading, but thats about it. As far as market calls.....I trade what the market tells me. I dont believe in calling tops and bottoms. Seen too many people knocked out of the business doin that. I don't see what coming on here and saying I think 970 is a good spot in the futures to get long. No value in that. If thats what I think, I just buy em. To me people who come on here saying "WFC is a short here" but then don't put any money behind it are useless. Any dope can do that. There is a world of difference between having an idea and actually trading that idea with real money.
Excellent post. Every now and then someone offers a bit of value in the Hardware or Software Forums, but that's about it. Otherwise, ET is strictly for entertainment value. That having been said, I have in fact met some REAL traders here (years ago) who have been an absolutely delight to chat with outside of this forum. Unfortunately, given Baron's continued choice of business model there is nothing that prevents ET from becoming overgrown with "cut and paste" posters and people that fantasize about being the next Stevie Cohen - - - not too mention the sordid crew of low self-esteem psychopaths that use ET for "therapy" and their new best friend with one alias after another. For some reason, the lack of quality of content on ET does not bother Baron.
Amongst all of the bickering here, I'm wondering if anyone has noticed that the vid has been pulled from the site. http://johnstradingclub.com/2009/07/paul-tudor-jones-trader-video/ Enjoy it on youtube while you can.
sure, how about Donald Luskin, Steve Schonfeld, James Altucher, Manual Asensio, of course Jim Rogers, Darren Clifford of bright, Victor Niederhoffer, and a person very close to Julian Robertson.......as a start. surf
here is an example in case you still don't get it, Mr. landis http://www.tradingmarkets.com/.site/stocks/commentary/satinterview/10082004-40472.cfm Donald was Vice Chairman of Barclayâs Global Investors (formerly Wells Fargo Investment Advisors) one of the largest investment management firms in the world with over $500 billion under management. He was involved in the creation of the OEX index and was lead market maker in Chicago for OEX options at the contract's introduction. He presently specializes in providing cutting-edge research to hedge funds and money management firms via his website, www.trendmacro.com. Donaldsâs current interest and expertise lays in the application of his knowledge of macroeconomic forecasting to market strategy. How politics and governmental intervention affect the market is one of his primary areas of focus. He is a media provocateur and publishes the popular web blog, www.poorandstupid.com. On the eve of the presidential election, I can think of no one timelier to interview. Letâs get started! DAVE: Letâs first get into a bit of your history, your evolution as a trader. DONALD: My interest started with an interest in gambling. Back in the 1970âs, I learned the skill of card counting and started beating the casinos. This was back in the single deck blackjack days; one could actually do this without being thrown out of the casino. Many of the card counters then were market makers on the Pacific Stock Exchange, which I joined in 1979. DAVE: This was before option models become commonplace? DONALD: The Black Scholes model was still relatively new and personal computers were still novelties. If you had real-time access and computer models back then, you were the one-eyed man in the land of the blind. The models were imperfect, but they were enough to give one a significant advantage. DAVE: I know you involved in the creation of the OEX options in Chicago. One of my first trades was in the OEX options, so I find this part of your history fascinating. DONALD: Yeah, those were the days. When I was a market maker on the Chicago Board Options Exchange, my business was based around certain aspects of the tax law. Those laws changed in 1984 and pretty much put me out of business. DAVE: What was your involvement in the early days of the POSIT ECN? DONALD: It was my idea. And I wrote the business plan for Investment Technology Group, as a unit within Jefferies & Company. It's now a separate public company, and POSIT now does somewhere around 10-15% of NYSE volume everyday. DAVE: Wow, Iâll say that was a success! Tell me a little about your open mutual fund MetaMarkets.com. DONALD: MetaMarkets.com was a web site that offered a web-based mutual fund called OpenFund. It was the first interactive mutual fund. All the trades, all the positions, everything was done in real time on the Internet. The investors could talk to the portfolio manager and traders in real time. It was meant to be a fusion between online trading and mutual funds. DAVE: That seems like a really cool idea. Is the fund still operating? What happened? DONALD: Well, we launched MetaMarkets.com in the late 1990âs during the dot-com craze. Like the other dot-coms, we invested heavily in advertising when getting market share was the top priority -- always assuming you could get more venture funding when you ran out of money. But after the bubble burst, the money dried up. In addition, public interest in the stock market took a dramatic hit. We went from being massively in favor to massively out of favor. It doesnât take long to get crushed when this happens. DAVE: I know exactly what you mean. I was involved in the E*Trade Media launch. I worked on their radio programming. They spent tons of money, built a monster studio in NYC, then all of a sudden, poof, they were gone. DONALD: Yeah, it can happen fast............ http://www.tradingmarkets.com/.site/stocks/commentary/satinterview/10082004-40472.cfm
How do you know rogers trade successfuly?Ever since he left quantum there is simply NO record of his performance. He is the biggest commodity bull around and claimed to have made money in 2008, one of the the worst collapse in commodity prices in history He already have been caught on tape trying to hide his losing trades. To a naive observer you would think the last time rogers lost money nixon was still in the white house