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I don’t think it’s only a matter of definition. You have to make a distinction between people who are selected to work with a person from the rest. I would call a student someone who worked personally with Jack, who had an agreement of understanding of responsibilities, and who was guaranteed...

Yes I know the path of conventional wisdom with vendors strewn along its sides. Travelled it myself for awhile; best to avoid it. Since you seem to have taken an unconventional path it was unclear to me what other paths you were referring to. So to you anyone who reads his posts on a message...

What other paths are you referring to? Can you give or point to an example? You keep referring to his students and their lack of success. Do you personally know any “students” of his and their level of success or lack thereof? I met a large group of people, many from this site, at one Vegas...

From the list river posted, it looks like it is not possible for you to get on the stated path with your predictive models. You said you got the idea from an anonymous poster named “cheese.” Did you apply the same standard to cheese and his followers (if he had any) before going down that path...

It’s a good idea to work with someone who knows what he is doing. Ideally he will guarantee you against losses that may occur while working together. Such a person will not let you waste his time. He will pre-screen you to determine if you are capable of learning and following instructions. Not...

I do not share your view that all self-learners are doomed to failure. But even if a person fails at trading, it may not be a negative. He is then freed to pursue something else more suitable. Trading is a game, not so important in the larger scheme of things, and people get into it for their...

We all started from somewhere. A true neophyte does have one important asset for learning. He has a mind unencumbered with past failure and conventional wisdom. But a beginning can be made only once. In answer to your question, I can’t offer much. A learner who has dug himself into a hole...

It takes very little capital to get into the game. $2000 is adequate to swing trade a few shares of stocks commission-free or to trade one contract of a micro e-mini using intraday margin. Think of the $2000 as cheap tuition to learn a very valuable skill. Many people pay a lot more trying to...

I will vote “permanent” to facilitate a market for the thread topic. I’m being facetious but the fantastic market conditions of 2020-2022 are over. It’s back to the grind.

What are “these times” and why would it surprise you? I’m old, so not many things surprise me.

If you know volatility is cyclical, which I’m sure you do, then don’t you already know the answer to your question? Maybe something is getting lost in the translation.

Your post suggests you aren’t aware that volatility is cyclical. That’s hard to believe. Most years are a grind. Infrequently there is a crisis that presents opportunities for easy outsized profits. These periods are relatively brief in a historical context and appear as spikes on the...

This thread needs someone to post that chasing breakouts was the correct play.

I hear what you’re saying and I can’t disagree with the sentiment. I’ve heard people state that if you get just one good idea from a trading book it was worth it. They neglect to mention all the bad ideas that are also included. Reading a lot of books about trading guarantees only one thing...

Too funny. His post to you was after the AM was well underway. So apparently a trend day long was ruled out. Still, predicting day types is tricky even if your inference contains a complete data set. If you always bet on W or M, you are a hero 4 out of 5 days but that one day you’re off you...

Learning incorrectly is as bad as refusing to learn. Good point.

This is a fun thread. I responded to a post of a sincere person who seemed to be expecting too much from it. Not sure what you’re complaining about regarding the lack of anything meaningful. This is EliteTrader. If you’re looking for meaningfulness, why not try your local church.

You have to look at threads such as this one as humor. Then you may get something out of them. OP is a comedian. Buy support sell resistance, chase breakouts, now go make a pile of money. As you state, anyone can pull up a chart and say do this and that. Trading is about executing. Pushing...

There may be people who believe the close of a 5m bar with respect to the prior bar is not random and place bets on it. In academic literature they are called futile traders. Futile traders can be seen in all guises, including professional money managers who do not use technical data. Averaging...

Not very good. But your exercise with the next 5m bar is lame. Why would you think predicting a random event is going to be better than random? An underlying flaw in your reasoning is that prediction is necessary when using technical data to trade.