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"Whack! Whack! Whack! Don't talk back!"

Jack who?

I'm done with my diatribe against the Taleb tribe. "Thank you for not reading."

Let me ask anyone who had read it: didn't you feel like a sucker for having bought it? Especially since that was one of his favorite words in the text. The book is little more than an excuse for him to preen in print. And I intensely disliked the experience of reading along quite seriously...

Let me cite one simple example of his massive ego blindness. He rather proudly cites his student hooliganism that closely preceded the downward spiral into armed conflict in Beirut, without it ever occurring to him that the acts of himself and his student peers contributed visibly to that...

The difference is that you got yours free, and autographed. The book's primary insight is into the author's self-absorption. Tell me "Market pricing is not a stationary process" and I get it in one.

Maharaja, I was fooled by "Fooled by Randomness" into buying "The Black Swan". But it will remain in my trading library.

My sole purpose in writing this mini review is to deprive the author of a sufficient number of book sales to make his loss of royalties equal or exceed my own loss in purchasing his vapid book. A more appropriate title might have been "The Black Swamp". The author's style is infuriatingly...

It's an old quote about not trying to guess bottoms: "Don't try to catch a falling knife."

It wasn't a bullish hammer, it was a falling knife.

Steve Stills: "Tell me, what does it mean? Is it like it seems?" Ludovico Einaudi, "Giorni Dispari" (Odd Days)

Ladies! Ladies! I leave you alone for a few hoursand you abase yourselves with petty bitching! What must the A-Team think of you? The inevitable progression from trading day sober discourse to weekend triviality proves once again, if we needed further proff, that ET is all about ego. Shame on...

All Merciful One, I am consistently profitable. By "success", I mean getting rich trading, as I think Thunderdog does. Which in the long run is merely a matter of trading larger. I am in no hurry. A few more months of consolidating what currently works for me will be time well spent in...

Thunderdog, the two estimators I use, very close to the same as EMAs, often keep me out of trouble when there are no classical TA features to trade. I much prefer double tops/bottoms at HOD/LOD, H&S at same, and weak penetrations of the HOD/LOD, blowout tops/bottoms. But there are days like...

Thunderdog, indeed there are simpler methods, called S/ R and trend rules, but often I used to be shaken out of a good trade by them. For example, say I am short in a long run. Then a higher low and a higher high appear. The temptation is to reverse. Maybe right, maybe not. It has been a common...

Funny you should mention that, Nkhoi. I keep a three filter rainbow up for the occasional breakout fast scalp. It sfailures also indicate good entry points for the two-filter longer term system.

AllMurkyOne, you will notice that Thunderdog and I are both system traders, so at least for us it is not a matter of "Do you want to be right, or do you want to get what you want?". We have what we want. You will notice also that neither one of use makes grandiose claims as to performance. He...

Thanks for that observation. It always seems like one more tweak will make things perfect (I keep a couple of alternate systems running all the time just to watch them). And, ah yes, the addition of complexity! I'll bet Jack can relate to that. But I guess he forgot the housecleaning part!

Sorry, didn't mean to pry. When I talk to successful traders, I am always interested in how complex their systems are, or if they trade multiple systems, etc. More philosophical than anything else, as I have a tendency to pile complexity on complexity, and periodically have to scale it back...

Unsophisticated? Sure! Of course I will never ask the nature of it, but I am curious, how many rules does it have? My core mechanical system has just one, but I am looking at upwards of 30 other things to form the gestalt. (This is the kind of discussion I wanted to foster between CO and SCT...