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  1. J

    Steps to Become a Master Trader

    This is a hindsight comment. Sort of like: "If I had it to do all over." 1. Start in stocks and position trade until your weekly commissions equal your salary. Keep your job two years longer. 2. Train your broker to work for you. Or in today's markets arrange to make your own trades to...
  2. J

    The 10,000 hour rule.

    I' ll call you if you wish.
  3. J

    The 10,000 hour rule.

    There is a connection. The statement has the word "purposeful" in it. Most people get excluded completely because of this. My first 40 days were of varying lengths. 15 to 20 minutes for briefest days and up to 6 hours for a full day. I was only making 10% every 6 to 8 days after the...
  4. J

    Concept for an Automated Strategy Development Process

    Here is what is ahead for you besides fame and fortune. The Intermediate term Investing is derigour for the financial industry AUM based corps. There are capacity trading issues for them so they are caught in the buy and hold world. BUT there is a niche "inside" this capacity to operate in...
  5. J

    The 10,000 hour rule.

    I am responding to your specific observations. There are many many ways to be profitable. Reading the markets is like reading a book or looking at a painting. You can do one but not the other. So you learned to read. You can do arithmetic too. Now, I will give you the mental shift...
  6. J

    Concept for an Automated Strategy Development Process

    To better undrstand where I am coming from, my career did involve getting educated formally and going through the thesis process. I did work at one job after graduation and my employer did put me through theoretical physics as a preformance enhancement trechnique. Later, I did a stint in...
  7. J

    Concept for an Automated Strategy Development Process

    Thank you for your response. I did read the thesis and I asked the Q's because of: Q1 the gaps, Q2 omissions and Q3 errors in your approach. Your forward leaning forthright response is terrific. As you say in 4.1.4, it gets tough for the user (developer) to reverse engineer the...
  8. J

    Concept for an Automated Strategy Development Process

    Thank you for your reply. Do you have a set of illustrations that parallel the text? It the reader supposed to fill in the gaps in the text with assumptions? Do you have a device that tells you when the automation system has hit a stonewall and Why? TIA.
  9. J

    Concept for an Automated Strategy Development Process

    Hi Edwin: I read the first few pages and then switched to the references. To make money in markets, you need to use current information. This means the fundamentals of stocks do put you a little behind the times. Quarterly reports which meet gornerment regulations are 1/4 year lagging...
  10. J

    Benchmarking trading systems

    SPS goes to zero rather quickly, any comments?
  11. J

    Jack Hershey in trading vs Srinivasa Ramanujan in mathematics

    Not (T2P) Think of the trend time when the parallelogram is set for price. (Point 1 , point 2 and point 3) from The Pattern. Go back to the independent variable orientation and start at the beginning of the trend. When you get to your post's considerations, many of the possible and...
  12. J

    What changed in 1980

    Your post reminded me of several things. The Washington TV has a "morning show" and I was dealing out of EOP with the transition team that Reagan had put in place. We were doing a hand off. At that time TV was live and not taped then played. During prep we took a few things off the table...
  13. J

    What changed in 1980

    Not just net debtor; US was biggest debtor.
  14. J

    Intuition Amplifiers 2

    I was reflecting on mentoring. My preference is that a student build his mind. Recently, I am finding it is difficult for students to do that kind of work. Trading is like baking brownies and handing out the instructions allows just anyone to bake brownies. There is no mind building all...
  15. J

    Surf's Special Situation Journal

    Elsewhere, I mention a solution to marketsurfer's demurring. Greed is a good incentive. We pay out of our pockets the difference between the PD's profits and either of our profits for a few of his clients who bankroll pairs of comparable accounts. If we make more they send a check for a...
  16. J

    Intuition Amplifiers 2

    Thanks for your effort to help me understand your comments. The technical reasons for the situation you describe are well known. These reasons do provide the why. You are correct that they have to be part of system solutions for making money trading. For me, I can use regression to...
  17. J

    Intuition Amplifiers 2

    Logic is not used while trading. To make money trading a process is used. The sensing is a very clear inputting (to the brain) process. To make money using a mental process there are three shells involved. the outer shell is spatial, the middle shell is shapes; the inner shell...
  18. J

    Jack Hershey in trading vs Srinivasa Ramanujan in mathematics

    failsafe is not part of CW. what replaces it is risk management and money management. Kelly says this and that with respect to the FI's operating purpose of optimizing making comissions and fees. The FI "churns" up to a certain point to keep clients. On the otherhand the market performs...
  19. J

    Jack Hershey in trading vs Srinivasa Ramanujan in mathematics

    Odd Trader started this thread because he noticed an ancient mathematician. He doesn't follow in detail the system I have created for having a mathematical description of any market. to me it sems very strange that the mathematics got sidetracked so easily by people like Dow. There is a...
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