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They taught me to help myself, my family and my friends. For anyone outside of those groups, if there is some mutual benefit to my helping you, either immediately or in the longer-term, I'm happy to help. Otherwise, your problems mean nothing to me and, to the extent that you desire to utilize...

So? Helping neither of them costs nothing. Best thing my parents ever taught me was that the world doesn't owe me anything. If it doesn't owe me anything, I have a hard time thinking it owes anyone else anything, either.

Having seen, up close, what "helping the poor" leads to, I am not impressed. Seems to me like Western civilization was in a definite uptrend from Greco-Roman times until "helping the poor" became an obsession among a certain class of pseudo-intellectuals. Since then, in Elliott Wave terms...

Here's what matters: Buy low Sell high All you need to do is define "low" and "high" and you are set. The market does it for you, if you watch it closely enough.

While I get the fact that beyond a certain point the numbers become meaningless in this lifetime, let's not forget that Hershey claims that his trading method is pretty much a guaranteed profit machine. There's a huge difference between trying to make 60% "the hard way" and making it with ease...

One of the Livermore-isms that really helped me figure out trading was when he said that a trader isn't "working for daily wages" and doesn't need to make money every day, but can (and should) wait for the best opportunities. Clearly there are some traders who believe the opposite and can...

I actually just had a back and forth with him this past weekend. I asked him why, if his methodology is so utterly fantastic, he wasn't one of those spoken about in hushed tones in the trading world because he was so tremendously wealthy. The way the guy talks about his own method, he should be...

It isn't just that Hershey claims his methods are "profitable". No, I, FWIW, would have no problem with that sort of claim because I'm well aware of the fact that there are profitable trading methods out there. It's that he has to say things like, "I get 3X the ATR every day" or "I never take a...

Seems to me like Hershey stays civil because he is too out to lunch to realize the abuse is all true. He should change his name to "Walter Mitty". http://en.wikipedia.org/wiki/Walter_Mitty

I think the demographic argument is that following this coming generation, China will plateau and then decline, in part because of the number of unmarried males. The increase in productivity will alleviate this somewhat, but at some point in the not so distant future, at least on a geopolitical...

These people don't care where the money comes from, so long as it flows to them and their cronies in the various bureaucracies. Government is a business to them and your "tax" is their "income", so of course they want to tax whatever they can.

Most definitely. I just like to do the math on someone who talks big, to see if it's feasible that the talker is achieving what he claims. Clearly, no trader can compound an account to infinity, but, for all practical purposes, a trader who was able to accomplish what Jack claims SHOULD be able...

My understanding is that the one major fly in the ointment in China is demography and that the population is aging too quickly for the economic growth to be sustainable. If China had not taken a 30-year detour down the dead-end of Communism, they'd have been much better off and could have...

At any given minute of the day, a trader can sell 50 ES contracts with minimal slippage and 100 ES contracts with definitely less than 1 ES point of slippage. If you could take 3X the daily ATR on the ES with 50 contracts for the past decade, you would be the richest person in the world or one...

If I had to pose a question to Jack, it would be "Why do you put such an irrationally small amount of capital at-risk on each trade?" I know the stats on my own strategy pretty well and they don't stack up to what Jack claims he's able to do, yet I also know that if I used an aggressive...

With a handle like "Random.Capital", I suppose I should trust you on the topic of randomness! I'll try that.

Well, at this point in my evolution as a trader, I wouldn't trade any non-pre-defined setup. In fact, I only trade one set-up, period, and the rationale for doing so is that I have a pretty precise understanding of all the relevant variables involved such that I can be fairly certain that the...

When I enter a trade, I know the price at which I set my stop and the price at which I can first move that stop. I was thinking that in order to never take the maximum loss on a trade, I would run the numbers to see if entering at the price at which I could first move my stop, rather than the...

Question for the traders who use stop movement as part of your trade management techniques: do you set your position size using the theoretical maximum risk of the trade or do you set it using the realized risk on historical trades? To make it more clear, in case it isn't, let's say that you...

I haven't read the entire thread, so perhaps someone has already said something along these lines, but if you are going to put a hypothesis out there that trading is just guessing, don't you have to also put down the conditions under which that hypothesis would be disproven, at least...