About William Derber Gann

[cf0532]

I think WD' theory is different from others' as followings:

1, the trading is a usual career just like doctors, engineers, scientists and so on. It is rather than gambling which many people deem, and even some people do as. So, the more efforts you have paid on the trading, the more success you gain. Just as other careers, it is impossible that each one can do well. At least there is some people who are not good at it and fail. That is why each good thing can't be recognised. As it is worth our time and energy to study, and it has limitless secrets. That is why WD said in his last years he alse can't understand the market wholely , although he paid much on it.

2, WD considered the up-and-downs of the market as the developement of the things in the world, such as human, beings, even the minerals. The move of the market should be similar with others in the world. Because it is in the world, and it should, even must, have the attribute of the world. We should not know why, and we only need to know and use. This is easy to understand. WD said it moved like wave and fit planets. We can see the wave exists in all things of the world. The movement of market fits the move of planets. But it never means some stock fits some planet. Just the commonness works.

3, In my view, WD's theory is open and alse shows the unity of the world from the market.

 

[jack hershey]

Quote from cf0532:

I think WD' theory is different from others' as followings:

1, the trading is a usual career just like doctors, engineers, scientists and so on. It is rather than gambling which many people deem, and even some people do as. So, the more efforts you have paid on the trading, the more success you gain. Just as other careers, it is impossible that each one can do well. At least there is some people who are not good at it and fail. That is why each good thing can't be recognized. As it is worth our time and energy to study, and it has limitless secrets. That is why WD said in his last years he also can't understand the market wholly , although he paid much on it.
You took a horizontal slice through some jobs (professions in your case). You could have also sliced your sample vertically. If you did, then you would see a heirarchy. The hierarchy of trading is determined by the trading income of the individual. For example an expert trader, in ten hours, achieves the annual income of a medical doctor (150 to 200K) in about 10 hours of trading. A beginner trader would take 250 days to do the same (Use Mandelbrotset's best day (1047, he says) as an example). Most people are potential traders who just go through a learning process and then move on to other things. ET is an example of a large group of people who are below beginner and are just potential learning traders. For some reason, there is an anomaly in including such potential traders in the class of all traders.

As you see the expert trader, financially, goes well beyond any of the professions you mentioned. There is not much knowledge or skills involved in trading. It is more a case of understanding and following a routine for most levels of annual income.

2, WD considered the up-and-downs of the market as the development of the things in the world, such as human, beings, even the minerals. The move of the market should be similar with others in the world. Because it is in the world, and it should, even must, have the attribute of the world. We should not know why, and we only need to know and use. This is easy to understand. WD said it moved like wave and fit planets. We can see the wave exists in all things of the world. The movement of market fits the move of planets. But it never means some stock fits some planet. Just the commonness works.

It is very possible to regard markets from an organic or rhythmic point of view. All systems have characteristics that allow part of their definition to include a descriptive component that involves periodicity.

As has been seen for hundreds of years in markets, there is often a common theme of choosing a compatible mathematics to express the market's offer in terms of periodic functions. Most people construct time lines of history and put salient dimensions on them to depict progress or branches that go to a point of becoming extinguished as something becomes available to replace what was conventional.
Who used what math and when is apparent. Markets hold no particular mathematical challenge for extracting the offer.
What traps most who do not succeed in moving from potential trader to trader is their choice of mathematical characterization of markets. Largely it keeps them out of the markets and, when in, they are at great risk. Often they turn to non market concepts to minimize their risk of even being in the market. Most use next to no capital in any trade, even if they do a trade for a brief period.
The best histogram of the use of mathematics would include the math that was used to allow capital to be in markets. Luckily just having one's capital in markets, has been the major dimension of success. This is because markets have simply grown over time and if market share were maintained, then wealth accumulated.
3, In my view, WD's theory is open and alse shows the unity of the world from the market.

This is the common characteristic of all methods that have survived for given periods of history.

By seeing that characteristics exist, you get to make the first step of assembling a set of strategic characteristics. ET is not a place where collecting strategic characteristics ever got much play. Here it is mostly people wanting to be right rather than rich.

Another of Gann's achievements was how he could adjust chart scale to make his method fit any market. This meant he could use a periodic function (Trigonometry) to make his method be synchronized with the market.

On the other hand, a person has to consider trade offs. He managed to include fractals and not losing that trading asset. But he did give up other things.

Probably one of the key ingredients of establishing harmony of a method and the market, its application is the example of how matter is constructed. The spectrum is huge from galaxies to sub-atomic particles, but their characterizations do form a compatible unity.

In trading this is called an algorithm or paradigm. Gann did not achieve that. Neither did the Quant branch that grew from the "80's and ended around mid 2006. Most inductive approaches do end since they are usually based upon probabilities. Removing the Bayesian or its counterbalance "frequentistics" aspects from an algorithm or paradigm is an interesting step in the growth of a high utility approach.

 

[Trader666]

Jack, so where on the hierarchy does that put you, with -24% in a trading contest?

Also, tell us why you failed in your promise to your former IBD group to turn $10 thousand into $1 million in 100 days and post updates on ET.

Quote from jack hershey:
...The hierarchy of trading is determined by the trading income of the individual. For example an expert trader, in ten hours, achieves the annual income of a medical doctor (150 to 200K) in about 10 hours of trading. A beginner trader would take 250 days to do the same...

 

[MandelbrotSet]

Quote from jack hershey:

... A beginner trader would take 250 days to do the same (Use Mandelbrotset's best day (1047, he says) as an example).

LMAO you old conning, bullshiter, snake oils sales man you!

You take one trading day of mine from months ago, where I said it was my best, and claim that is what I make, and that an expert makes over 100 time that amount? :eek:
***
If what you say here were even remotely true, please englighten uas as to why:

1. You [jack hershey] came in last place in a trading competition you did back in '02 (getting -24% and then quitting) ... hey, maybe that was your best day!

2. spydertrader claimed to get the absolute high and low of a short trade (that he was obviously looking to go long on) and posts a fake blotter on ET ... hey, maybe that was his best day!

3. Neoxx tried to master SCT, made an absolute fool of himself the first time he posted live, and then, after being trained by you personally for months, he failed again on multiple days ... hey, maybe those were his best days!

P.S. At least we're all claiming to trade here. Your main protege, nkhoi who brought your stupid ass back here after you were banned, doesn't even do that much, so I guess he doesn't have a best day!

 

[MandelbrotSet]

Quote from Trader666:

Jack, so where on the hierarchy does that put you, with -24% in a trading contest?

In the shitter, right where he belongs!

Quote from Trader666:

Also, tell us why you failed in your promise to your former IBD group to turn $10 thousand into $1 million in 100 days and post updates on ET.

He was giving the same Song and Dance to them ... before turning tail and running off to find a new group of people to con. :eek:

P.S. Now back to our regularly schuduled fantasy session.

 

[lindq]

Quote from Trader666:

Jack, so where on the hierarchy does that put you, with -24% in a trading contest?

Also, tell us why you failed in your promise to your former IBD group to turn $10 thousand into $1 million in 100 days and post updates on ET.

Hey, lay off Jack, okay.

Jack is, in fact, the ONLY trading industry comedian working today.

And he deserves our applause for that.

Never since Gann has someone been so successful - and damn funny - at making something so simple appear to be so complex and mystical.

I've tried myself to write a book on how to trade successfully, and had plans to send it off to Wiley Publishers. You know, the folks who fill the bookshelves with all the great crap about how to make a million.

But when I completed my manuscript it was only three pages long. Even with charts.

So I take my hat off to Jack, and hope he keeps posting.

Note to Jack: Jack, for a couple bucks you can get yourself a webcam and post your comments to YouTube. Let us know when, okay?

 

[MandelbrotSet]

Quote from lindq:

Note to Jack: Jack, for a couple bucks you can get yourself a webcam and post your comments to YouTube. Let us know when, okay?

You want to watch jack hershey on a webcam!#!!?? :eek:


Damn ...what a fucking freak!

 

[lindq]

Quote from MandelbrotSet:

You want to watch jack hershey on a webcam!#!!?? :eek:


Damn ...what a fucking freak!

Well, he'd be a hell of a lot funnier than that E-Trade baby, don't you think? Especially if he did it naked.

I wonder if YouTube has a file size limit for videos though. That might be a problem for Jack, given that he'd probably run to about 3 hours to explain a chart.

 

[cf0532]

Quote from jack hershey:

Hello, juck.Thank you for your reply.
Good words.

 

[cf0532]

Hi, ARealGannTrader, why don't you say some words?