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Showing content with the highest reputation on 09/01/16 in Posts

  1. It is a complicated area. I understand their apparatus because I am basically a mirror of them, in terms of our respective histories. Both Tom and I got our first seat on the floor in 1980 and lived through the evolution of many different era's in the world of trading. We both got "hip" to options in the days when there were no "exchange traded" options and were among the first to trade them and posted our "flags" on the (options) "moon" from the beginning. All of the retail traders today, have not lived through that evolution. They just walk in the door and get the benefit of an enormous amount of knowledge and experience right up front. I think I can benefit from Tom more easily than others because I understand where he is coming from. Both, in terms of the history of the knowledge, and how, the "pioneers" uncovered, all on our own, what everyone gets to enjoy today, in the electronic age. I also understand his need to be a TV host with "schtick" to attract viewers commercially for what is basically "part" entertainment. He definitely is NOT all black or all white. But, it takes a certain, experienced, objective mind,and perspective to be able to cipher the BS and entertainment, from the solid research and , mostly, good information. But, for beginners, who do not know any better, yes, it can be dangerous stuff, if one cannot separate the inflated ego, and "our way is the only way"..from the good stuff. And there really is a LOT of good stuff. But, you must enter at your own risk and be able to know the difference from "value" and "BS". I wish to God I had his data base and team of analysts available to ME. I would use all of that valuable info and talent in a very different way. I would use it to search for new ideas, rather than validate "my way" based upon "ego". He REALLY does have all the tools to present a fabulous source of learning and research. But, I feel he is up against satisfying competing interests being in the position he is in...plus , his ego does get in the way.
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