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Blofas, that was most elegantly put. Truth can be expressed so much more succinctly than bullshit. I am moved to offer the OP my out-of-print copy of Babcock for a mere grand, US.

Thanks for your reply, DeadDog. I am an OldDog, nearly dead. Sometimes that final push to trading success comes unexpectedly. If indeed the book did it to some extent for you, it was a great investment.

In parting, a little advice. Ever heard of Neuro-Linguistic Programming? If not, it's appropriate to learning about onself in relation to others. My favorite NLP quote is: "The meaning of your communication is the response you get."

Are you making (more) money using it?

Hey Gabby, thanks again for the book precis. Saved me a bunch of money. So many people here like it that I was about to break my rule never to buy another trading book again. My profit stop triggered at 1821 so I am avoiding looking at the market until the close by annoying people here...

We are observing the Dunning-Kruger effect at work. Real-time training in recognizing it! Gotta love ET! Everyone but the OP gets an education!

Thanks for the mini-review. Gotta be quick, nursing a short. Never read it. Won't, now. Didn't know it was five minute. Puke!

A quick summary of why you didn't like it, please?

There you have it, gentlemen. What else is there to say? Print it out, laminate it, and trade it every day.

In a nutshell, your opening gambit in the argument that "backtesting is stupid" is to de facto admit that you don't do it. You rested my case for me.

One day I will learn not to argue with you. But not today. My pitiful little world is NQ. That's all I know about, except for the stocks I hold for dividends. In my little NQ world volume has very little meaning because so much of it is hedging, buying at the top and selling at the bottom. The...

You don't swear at the losers anyway?

Brilliantly put. Memory fools fools' memories.

That's it! How it got by me to get to Hood County I don't know. Hereabouts we shoot ugly dogs like that and sell them to taco stand cooks.

I suspect that they are confused and really want to vote for mean following or trend reversion.

Now Jem, don't be so cynical. Just because for all the years Jack has been mentoring none of his scores of followers has ever posted "Yippee! I just got filthy fucking rich!" doesn't mean nobody has.

I'll be here, if I don't die first. Will it take you that long for you to devise your opening move? I kind of feel sorry for you already, you being at an intellectual disadvantage and all. I have to warn you that I am no dummy. I spent three years mastering the ninth grade. Got it down solid...

I have nothing better to do with my time than wait for my inevitable death, passing the time until then with interminable backtests, so I'll debate you. Your move.

Oh, well done, 18! Far better than my feeble imagining! And my favorite quote engraved in stone! I am in trading heaven! I still think that for some of your efforts the pic of him in the cockpit might be appropriate. Beard is busher, shows the ponytail better. And how appropriate that Tiki...

And from what little I have read you write a hell of a lot better! I'm trying to think of something nice to say about volume...it's voluminous...it's voluble...it's voluntary...I'll get back to you.