3 thoughts about behavior
- Thread starter TradeWrecker
- Start date
my research tells me that a clown is jumping up and down on ET ,saying ,look at me,look at me, i'm always right and the world is full of idiots..you started out this thread insulting all the responses you recieved,,,your still at it... a broken record...you didn't come here to share ...{only let me prove it to you.}...you came in here to puff up your ego..a real trader keeps close watch and trys to control his...you mentioned yourself multiple times thruout this thread...go back and research it yourself
I insulted the responses I received? You jumped in here right out of the gate and called my post bullshit. Did you think that wasn't going to get you a response?
Want to know what I see... One more post by Ammo where he doesn't provide proof. Where he has no ability to support his claims. I see an emotional response to what should be a really simple answer. I see deflection and finger waving, claims and beliefs o'plenty... but I still don't see you doing the easiest thing in the world. Just show us your testing and your statement.
You've made 8000 posts ammo, how about just one that backs up anything you've ever said. Can you do it? Can you post one single post that proves your claims... Or should I just expect another emotional midol moment from the Jack Hershey Wannabe.
i posted earlier that i was sticking to old way of trading and using jacks volume analysis for better entries, then posted an entry, that came in near my target low,it's been posted over and over, 8000 times, most of those posts are charts and entry/exit, again this is not about trading, it's about you slamming jack, take your meds...ego..yours,mine ,everone's...is a 2 year old kid...control it or be contolled by it
Attached is a follow up on the thread.
The yellow pad page shows the first 24 trades on a bar by bar basis.
The comments made about me are the usual kind by the usual kind of people.
The yellow pad page shows the first 24 trades on a bar by bar basis.
The comments made about me are the usual kind by the usual kind of people.
They are dead.
This is a typical response from someone with no basis. Take your meds etc... You and the rest of the jock-straps can say anything to anyone but when it's turned back around you start crying - put your onion away...
It's very simple: Ammo, Outsource, Jack... if you're going to make claims about suitability, profitability, efficiency or improvement of an approach or system you should have basis, research, testing (proof) that your words have merit. The concept is simple... Apparently the execution is a lot harder. What to do. Maybe you should all take a break from the look at my successful system side show and sit down for a little study time.
The more you talk, the more it smells like guru fraud to me...
Keep dancing around the subject; with every post credibility diminishes. Not that any of you had any to begin with, not any with any substance that is...
Make a claim, provide some proof, it shouldn't be this hard. Why fight it, unless of course...
Now on with the Ammo & Outsource show; more rhetoric and finger wagging in 3,2,1...
I have... I've done it for years. My track-record as a professional trader is littered all over the internet. Barclays, Autumn-Gold etc. That is the whole point... if you're going to make claims about your abilities you should be able to back it up. You're making my point but it's mis-directed. You should be asking your good buddy Jack and your BFF Ammo for proof.
This thread was about a general observation, something that I hoped would spark some serious debate about how to research and implement the real issues surrounding behavioral finance, not the make believe stuff that Jack thinks he's figured out.
Interestingly right out of the gate it turned into "this is" a "bullshit" thread. Instead of embracing the idea that maybe we should all do some work, people like Ammo immediately discounted the value of doing a little digging into it... And yet (but not surprisingly) he is the first to defend Jack's junk science. Do you see the irony?
Let's research something of substance... No, no it's all bullshit. Danger, danger, what will we do if we have to face the truth?
vs....
Hey Jack, do you have any basis for all this supposed behavioral finance strategy you're espousing but doesn't seem to exist elsewhere... Fawk you how dare you question the guru, he has knowledge beyond us all... he is beyond reproach his word is 'truth'.
Ammo is an amazing representation of what is wrong with the retail trader. Reject common sense because 1. It requires work and 2. The answers rarely are what we "hope" for... But on the flip he will immediately embrace any hocus poscus that helps him hang on to a "hope" no matter how unlikely it is.
That of course is Cammol toes right... what makes me mad is when a pack of cammol toe become a collective herd, a voice, and people buy into it because they don't understand the basics. They sit hear and watch the humps speak with authority and confidence and they are swayed, in no small part because the humps are also feeding their "hopes".
Here is the awful truth... for the majority of traders "hoping" for success will never produce it. More often than not it will wipe you out.
If you the reader (not the humps - they are lost) are serious about really learning how to trade I recommend these in this order....
1. The Little Book of Behavioral Investing - Montier
2. Advances in Behavioral Finance II - Thaler
These will help you see yourself and others which will also help you identify what "might" be happening in the market.
3 Evidence-Based Technical Analysis - Aronson
This will lay the ground work for how to properly test.
4. Optimal Trading Strategies - Kissel & Glantz
Will get you thinking about risks and impacts
and finally... if you must be a technical trader...
5. Trading Systems and Methods - Kaufman
Once you have the first four books floating in your head you can take Perry's book and begin to test methods properly. This will be the basis for significant knowledge in your testing and your beliefs going forward. Good testing leads to realistic beliefs which can save you a lot of money down the road.
On with Cammol & Friends...