andrasnm, i think your post was totally inappropriate.. everyone who follows this board is aware that you have no respect for anyone who provides trading education or trading services.. but arent you providing a "free service" of sorts by constantly pushing your version of "consumer advocacy"? and if Gene charging for a service makes him a pimp, wouldnt you giving yours away make you a slut? you should consider your words more carefully.. although you do not see the value in having experienced professionals participate on this board, many of us do.. and we would appreciate it if you would find a more appropriate manner to express yourself.. -qwik
Andrasnm, Some of us trade equities because we like them, know them, and find trading them quite profitable. Insinuating that those of us who choose to profit from this "vice" are somehow inferior because you happen to like your "vice" better only weakens your valuable contributions to the forum. Since you know so much about "us", why don't you go on and explain this "college mentality" thing that 'is killing most of us'. I'd be intrigued to know what it is that is holding me back. JB
Candletrader, Our successful traders have their own style. Some use 3 and 5 minute bar charts and follow the index's that they trade in. For example , if you trade XOM , you might also follow XOI(OIL Index) and of course the S & P futures. Other traders due Matched pairs or due risk arb and trade against the Long-Short position. You have to have a "method" in this choppy market. I did suggest to trade "lightly" this summer. Someone did mention that I'm against futures trading and that is not true. I was a market maker on the AMEX floor and I did trade SPY and hedge with S & P futures. If you trade financial futures, the markets are going to be "choppy" like the stock market , since trading the financial futures is like trading the whole market. The E-MINI S & P and QQQ are electronically traded and are great products.My firm is a stock trading L.L.C. and we don't offer them . I have no problem with traders trading mini's if that's what they are comfortable trading. Gene Weissman Lieber & Weissman Sec., L.L.C. gweissman@stocktrade.net
I am sorry, I never said Gene was a "pimp". I would *never* sink this low. The problem - I must use strong analogy or colorful statments or some of you dolts would never catch on !!! Gene is here to promote his "stuff" - I know that you trade what you LIKE but a smarter person maybe trades what makes him money !!! (within legal limits) I meant no offense, but it's strange how violent some of you come up on Gene's defense !!! Get real, he is pushing his firm and I am posting about it !!! It's obvius, I care less than a rat's pimple what you guys think of me, but I thought company promotion is not PC - or is ?????? P.S. EDAT is DEAD so get over it and stop whining !!!!
>I know that you trade what you LIKE but >a smarter person maybe trades what makes >him money !!! >P.S. EDAT is DEAD so get over it and stop >whining !!!! This is interesting...if I really should be a "smarter person" and trade something that makes me money and "EDAT is dead", explain to me please why my account keeps growing at a very nice rate? I eagerly await your answer. Enjoy your dilemma (though you probably don't recognize it). JB
Turok, Lack of patience and general lack of thift are what I characterise a "college mentality" or of BAD breeding. Fast many players come and go !!! It never lasts !!!! EDAT was a period - like the tulip bubble where lot made money not because of any talent, simply for being at the right time at the right place. After a few hundred years it would be asinine for me to recruit tulip traders !!!!! If some can't quite see that or comprehend hence I lowered myself to use colorful and maybe tastless analogies (sorry Gene)
andrasnm, some of you dolts would never catch on...It's obvius, I care less than a rat's pimple what you guys think of me More endearing comments from our protector and savior. It's only equitable for you to know that I, too, care less than a rat's pimple...about the drivel that continually springs forth from your keyboard
>EDAT was a period - like the tulip bubble where >lot made money not because of any talent, simply >for being at the right time at the right place. >After a few hundred years it would be asinine >for me to recruit tulip traders !!!!! There is no question that during the "bubble" the EDAT trade was populated with money makers who had little talent for it. Asinine however, would be stating (like you are) that it isn't still a viable means of wealth accumulation when there are so many good traders proving you wrong. This isn't an attempt to defend Gene -- I don't know the man. It is simply an effort to point out that your broad statements of "my way is profitable and your way isn't" and your "I'm smarter than you are" insinuations are impossible for you to defend. Still waiting to hear why EDAT my account keeps growing (that pesky dilemma just won't go away). JB
>...but it's strange how violent some of you come up on Gene's defense! Maybe it's because of the violent way that you express yourself? It is my understanding that you encountered failure in your trading career, but that doesn't mean it applies to everyone. It certainly does not apply to me. May you find more happiness in your angry, pissed off life.