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I had not intended to carry this topic further, but in light of
Patrick's 'Mea Culpa,' plus Rich Z's (RDZig@xxxxxxx) remarks about
"price improvement," feel that a moment's rehash will be worth the
effort. In fairness to Mr. Green, I am copying him on this message,
though have conducted no "behind the scenes" dialog with him since last
Thursday.
I believe I was the guilty party for raising everyone's dander about
Don Green's trades of record, specifically his short of BA last
Thursday. In my message posted to the forum (and to Don Green)
following his closing his short on BA at 48'13, I wrote the following:
>> Damned if I can figure out how you are doing this, Don. My tic
chart on BA (BMI realtime) shows no trade below 49.00 between 1:30 and
2:00PM [EDT]... the ask never went below 49'01 (you said you use market
orders), and in fact the bid only went as low as 48'15 a couple of
times.<<
That was it. I was merely looking for an explanation, NOT a shot at
the guy! If Don had posted, publicly or privately, what his method was
in getting the fill he had, I would not have raised the issue further.
In point of fact, however, he did NOT respond, which is of course his
prerogative... HOWEVER, my sense had increasingly been that he was
bullshitting us with his numbers, and felt that, as vocal here as he
*had* been, and as much of a following as he seemed to be garnering, it
was worth it to challenge his numbers in public. I wish he had
responded instead of leaving it a dead issue, or worst of all,
attempting to put us off with sarcasm and dead humor.
Don subsequently that afternoon posted a message to the forum, "Lessons
Learned," in which he attempted to ameliorate all who were curious about
how he had decided (wrt Boeing) what, when, how and where to trade. I
subsequently posted the following (in part):
>> You have still not explained how you were able to exit your Boeing trade today at a price which my data was not able to confirm. For me,
that would go at least some distance to explaining some of your trading
methodology. This is not the first time I've asked you about your
advertised prices and you still seem not able to, or not interested in,
explaining it to me.<<
And the turmoil began!
I think this forum is a great place to post the kinds of trades which
Don was doing with daily regularity, even if I'm personally not
particularly interested in them. Technique, yes, but the trades, no.
If in fact he is able to "win $1000 a day" (his stated goal), and is
doing it by seat-of-the-pants trading, more power to him. As well as I
seem to be [NOT] doing with my technical brand of trading, maybe he has
something to teach me. I won't know if I don't give him a chance, and
he won't teach unless he answers at least a *few* of my questions. Not
one of the other correspondents I've dealt with on this forum has
reacted or responded to my queries the way he did (that is, with sarcasm
and evasiveness), and I continue to believe that he could help himself a
great deal (here and perhaps elsewhere) if he were more forthright and
up front when asked about "how he goes about it."
That's my two cents, hopefully enough said.
Dick Crotinger
Patrick Slevin wrote:
>
> I have had a considerable amount of e-mail off-topic with Don, more than I
> have time for...actually. It appears he blames me, to some extent, for his
> getting booted.
>
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