You can't just make a blanket statement that CL is a superior trading vehicle to the indices or any other market. Different markets move at different times. Volatility is cyclical and usually when you have good trading in one market for an extended period of time it is usually due for a rest and vice versa. There are times when crude is dead and its prob not a very good trading vehicle. There are times when the indices are dead and they are not a great trading vehicle. Now to me this is some good ol' trading 101, Markets are always changing!
Just stop the conversation about ES CL etc. This thread is about the Bitter Truth of Patak Trading. I am going to drop an atom bomb! Watch out. Give me 10-30 minutes.
Sorry man this thread was gone long ago...ET isn't the place to have a focused discussion on anything
The bitter truth .. it's a waste of time .. multiple threads on this bs someone can trade on a sim account to get the basics down then open a retail account & trade a small live account there is no free lunch , hopefully most people realize that
good post. Unfortunately, many people still don't realize that this firm is BS. Look at the poll that colonial dr has started. Almost 50% still have a positive feel for it. As I said in one of my earlier posts in this thread, when you have 1-3 million on line, touts and pimps abound. I am about to finish the thing that I am going to post.
From the poll, its clear that still almost 50% of newbies think Patak is a good opportunity. A big reason for their thinking is because a very respected ET member who is amazing at creating illusions of reality using words, is defending Patak like a Shield. So, this is the Bitter Truth about Maverick who is trying very very hard to convince everyone how wonderful this Patak operation is. Please read multiple Maverick's post on this linked thread from 2010 and you will know what were his real views when he was still a good guy. http://www.elitetrader.com/vb/showthread.php?s=&postid=2985024#post2985024 A seasoned professional like Mav (Mav claims to have 15 yrs experience) does not change his views on an industry or the place where a firm belongs in the industry suddenly. The only thing that can cause such a polar change in the views of a seasoned professional like Maverick is MONEY. Money is such a bitch! It forces smart guys to get to the dark side. Now that we have proved that king has no clothes, all his blind followers - I hope you will read his posts with a more critical eye. Maverick - Come back to the bright side!