Should vendors only be allowed to post a 'vendor section'

[ChocolateDigestive]

The thing about that is that I can probably name 50 that are like that. How many can you name that are not? Do you see why it's not entirely unfair to tar them all with the same brush?

It's amazing how nobody can name a genuine vendor

 

[ChocolateDigestive]

What was wrong with my post highlighting where DT was soliciting? This thread is about exact that.

will try again, here it is.

 

[DionysusToast]

If he didn't trade, then how did he get margin calls ? I reckon someone who goes down from margin calls is perfectly suited to teach others how not to get in that situation.

I wonder if the difference between Jessie Livermore & Mr Baghdad is just a bit of luck?

Seems they both went 'all in' on a few occasions...

 

[the hare]

If he didn't trade, then how did he get margin calls ? I reckon someone who goes down from margin calls is perfectly suited to teach others how not to get in that situation.

He didn't trade at the time that he was claiming to trade. We know this from the documentation provided to the courts.

Clearly he isn't perfectly suited to teach people how not to get into this situation, because its happened to him more than once.

If you listen to the buffoon, it should be quite clear as to why, it'll happen again if he's ever crazy enough to give it another try

 

[BeginnerJoe]

I wonder if the difference between Jessie Livermore & Mr Baghdad is just a bit of luck?

Seems they both went 'all in' on a few occasions...

Maybe neither of them understood that the market is reactive to orders. If you hang it out too big, and it gets chopped off, recovery is difficult.

 

[scose-no-doubt]

oh shut up, joe.

 

[tony1979]

oh shut up, joe.

don't pick on joe

 

[barjon]

Lets cut to the chase and use a real life example. Mr Mike Baghdaddy.

I think its fair to say that his marketing made some outrageous claims.
Are you seriously trying to argue that there was some worth in receiving trading education from an individual who didn't trade, and who had a history of bankruptcy proceedings due to margin calls ?

hare

here you go again - where did I seriously suggest that?

No-one can excuse MB for all that and I certainly don't, but I have no idea whether what he was teaching provided a reasonably sound basis for trading or not. Some who supposedly went through it came on here to say it was reasonably sound although they were howled down as stooges (which they might well have been given MB's antics).The failure of the turtles thing - always assuming that was down to application of the methods he taught - would, of course, suggest that it wasn't.

On the other hand there are some like Nicolas Darvas - of How I Made $2,000,000 fame - whose properly verified and certified spectacular success owed much to a huge slice of luck as well as method. So even proven success is no guarantee. I'm not suggesting by the way that the Darvas method is not a reasonably sound basis, just that its application is unlikely to match what he achieved.

 

[ChocolateDigestive]

So even proven success is no guarantee.

not sure I follow the logic here. proven success is certainly no guarantee but it a damn sight better than non-proven success.

Are you baiting the Hare, this could run and run

 

[the hare]

On the other hand there are some like Nicolas Darvas - of How I Made $2,000,000 fame - whose properly verified and certified spectacular success owed much to a huge slice of luck as well as method..

IIRC I think there was some doubt over the validity of Darvas's trading performance. IIRC there where even accusations of fraud which resulted in an official investigation. Its claimed that his total profits amounted to 216,000, not 2 Million.

Darvas claimed that he was unable to locate all of his account statements when the investigation was conducted, nor was he able to obtain copies of statements. The investigation couldn't find the money either, however Darvas claimed he had spent it !

Interestingly it was a bull market, and he was predominately buying..

as for luck, we'll leave that discussion until t2w is a beacon of shining light, or for another forum

I will say however that the people who claimed Darvas had made 2M where newspapers and magazines, and they did zero due diligence before publishing those articles (wot a surprise)

 

[The Leopard]

hare

here you go again - where did I seriously suggest that?

No-one can excuse MB for all that and I certainly don't, but I have no idea whether what he was teaching provided a reasonably sound basis for trading or not. Some who supposedly went through it came on here to say it was reasonably sound although they were howled down as stooges (which they might well have been given MB's antics).The failure of the turtles thing - always assuming that was down to application of the methods he taught - would, of course, suggest that it wasn't.

On the other hand there are some like Nicolas Darvas - of How I Made $2,000,000 fame - whose properly verified and certified spectacular success owed much to a huge slice of luck as well as method. So even proven success is no guarantee. I'm not suggesting by the way that the Darvas method is not a reasonably sound basis, just that its application is unlikely to match what he achieved.

Oh Jon!

Surely you know better than to mention Darvas on T2W!

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[The Leopard]

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[the hare]

I didn't have the heart to bring up the Nazi box issue.

 

[DionysusToast]

Has to be said Jon - next time you pick someone as a shining beacon of truth and justice, go to google & search for

their name + fraud

 

[The Leopard]

IIRC I think there was some doubt over the validity of Darvas's trading performance. IIRC there where even accusations of fraud which resulted in an official investigation. Its claimed that his total profits amounted to 216,000, not 2 Million.

Darvas claimed that he was unable to locate all of his account statements when the investigation was conducted, nor was he able to obtain copies of statements. The investigation couldn't find the money either, however Darvas claimed he had spent it !

Interestingly it was a bull market, and he was predominately buying..

as for luck, we'll leave that discussion until t2w is a beacon of shining light, or for another forum

I will say however that the people who claimed Darvas had made 2M where newspapers and magazines, and they did zero due diligence before publishing those articles (wot a surprise)

Silence, PigDog!

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[barjon]

IIRC I think there was some doubt over the validity of Darvas's trading performance. IIRC there where even accusations of fraud which resulted in an official investigation. Its claimed that his total profits amounted to 216,000, not 2 Million.

Darvas claimed that he was unable to locate all of his account statements when the investigation was conducted, nor was he able to obtain copies of statements. The investigation couldn't find the money either, however Darvas claimed he had spent it !

Interestingly it was a bull market, and he was predominately buying..

as for luck, we'll leave that discussion until t2w is a beacon of shining light, or for another forum

I will say however that the people who claimed Darvas had made 2M where newspapers and magazines, and they did zero due diligence before publishing those articles (wot a surprise)

Far as I recall the publishers had Darvas's accounts certified by some reputable firms of accountants (whatever that may be worth ) and that was in the preface of the book.

His slice of luck was lighting on Charles Kent (invented filter tip ciggies) and Polaroid (invented instant photos) just as they both took off and skyrocketed.

Lep - oh dear yes, I'd forgotten it had been pinched and packaged

 

[The Leopard]

Has to be said Jon - next time you pick someone as a shining beacon of truth and justice, go to google & search for

their name + fraud

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[212]

Wayne Jackson woz another genuine vendor, Bona fide World champion he woz, at ****ing hide 'n seek. Rahahaahahahahah **** I'm funny.

 

[robster970]

I didn't have the heart to bring up the Nazi box issue.

Are there still 89 left?

 

[The Leopard]

Are there still 89 left?

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