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Elitetrader

www.elitetrader.com..
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Elitetrader
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Cesspool
Used to be decent, 15 years ago. Today, a pitiful collection of morons.

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great entertainment, ET = Entertaining Traders
ET can be a very entertaining site. The owner is pretty lenient for the most part, as long as you don't criticize his sponsors. Argument threads can explode in size rapidly as people bicker back and forth, and this makes for entertaining reading.

The biggest problem ET faces is the same problem the industry as a whole faces... declining numbers of active traders. The old edges of yesterday are now gone, many firms have closed up shop, just take a trip thru Chicago and notice how many "former traders" you will meet. What this means for ET is that there is a decline in quality content as real traders leave the business, and an increase in trolls, wannabees, and stealth vendors, as they are slowly becoming all that is left. Instead of real traders you get the keyboard guru aka hindsight expert... hobbyists and retirees pretending like they are big shot career traders. Some of these folks adopt guru personas and make ridiculous performance claims for purposes of luring in noobs for "mentoring". Sign of the times.

There are some interesting news articles posted, but not much else useful trading info. But you will find lots of fun and crazy hijinks. that is what makes the site special. Such as the most active part of the site: Politcs & Relgion Flamewar section. Also Marketsurfer and his Surf Report threads. Or Atticus/Convexx and his weightlifting advice and bad temper. Or watch DBPhoenix, Nodoji, MFBreakout, and Jack Hershey stringing along their cult-like followings of noobs. Or the seeming endless stream of TA/anti-TA arguments.

A better site than its main competitor, BigMike's. BM suffers all the same drawbacks of ET, but without any of the entertainment perks.

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A collection of busted out traders posing as GURUS
Even though I personally run and own Elitetrader, I must honestly say is is a cesspool of idiocy.

We allow paid advertisers to post misleading information to our hapless users for the few sheckles they pay us.

I am grateful that elitetrader has allowed my to live off the proceeds for a decade , but the income stream in failing and I must get a job as a Walmart Greeter

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Owner is in bed with his sponsors, heavily censored
There are couple of good traders like Convexx (riskarb), sellindexvol66, lescor. Other than convexx many have stopped contributing.

Owner is basically bans anybody who questions their sponsor for usefulness of their products. There are many stealth vendors who preys on new comers. No wonder the traffic to their website is dropping like stone these days.

Websites choose to make money in couple of different ways. One is quality of content produced by users or employee, owner of the site (bogleheads.org, macro-man.blogspot.com, acrossthecurve.com has choosen this route . Other way is to go in bed with sponsors and ban anybody who question them. Baron (owner of the site) has sadly taken second path

It is good entertainment value, if you have nothing to do.

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Site is heavily censored
There was a thread about my web site on Elitetrader, so I wrote a post to clarify some misconceptions the users had. And I was banned for spam. I fail to see how you can have a quality discussion about anything on that site, when THE PERSON WHO KNOWS THE MOST ABOUT A TOPIC GETS BANNED FOR MAKING CLARIFYING POSTS. It's their loss, but it is so mind-numbingly stupid I had to post this review.

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Heavily Censored and Corrupt
This forum is completely useless. It is full of failed traders who have no idea about trading. Most of them are rude and helpless. The forum is heavily censored. Many posts are deleted and users are banned for no reason. There is some good information from time to time, but it's very difficult to separate it from the rest which is complete garbage.

It used to be a decent forum, but now it's worse than Yahoo message groups. Stay away.

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Best trading site this decade
Elitetrader is a high value site for both novice and advanced traders. Using the search function brings up real gems to study and learn from. There is a wealth of data going back to at least 2001.

Highly recommended

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Trading site of the decade continues to satisfy .....
Participation in trading and investment threads has increased my own personal understanding and therefore ability quite noticeably. Several months have gone by and I am today a better trader than when I first visited EliteTrader. I don't post anywhere else nor do I need to.

ET still scores a "5" but this time I would like to add a + to that 5 and make it a 5+

Highly recommended

AfterLOS

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dont beleive them
I put review last week about Nonko Trading fraud which they did to me. But the next day my review was taken off and banned me to put any reviews. They are being paid to put reviews by these fraud companies. Be careful and don't trust the companes who like to paid them for their reviews.

thanks

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Most active trading forum
Elite trader is a very active forum with a lot of good information on it. There seems to be a lot of negative and rude members but if you can get past that then there is a lot of useful information.

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Too much negativity now
I think the world of Baron but Elite trader has become a home to trolls and broke traders looking to vent their frustrations. There are still some gold nuggets there amongst all the crap

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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
Chadmorgan San Francisco, CA

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Displaying 1-10 of 36 Total Reviews
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