Are you making money with Jack's strategy?

[Scientist]

Quote from icarus618:

Have you ever considered that maybe your {opinion} smells as bad as everyone else's? Considering how quickly you relegate this type of thread to Chit Chat if started by another, you have little credibility as a moderator. But you really ought to get rid of your signature line; it's making you look ridiculous.

Well said. Nothing wrong with a poll, but it's clearly biased. I won't go in on this, I know you don't like Jack.

But, what I really wonder is what the F^%^ this thread is on the Trading Forum??? Inandlong, honestly - If anybody else had posted this kind of thread, you'd have moved it into chit-chat in a flip of the wrist. You're obviously pushing an agenda here, and you know it. I have none, and I won't vote here. I should say that many of the things Jack has written about are valuable and potentially profitable. I have implemented some of his tools / approaches and it works well for me, whenever I get to use it.

I think what you and others are forgetting here is that this is a free forum to share information. Ironically, in trading, more so than in any other profession, the "right" people are often wrong and the "wrong" people are often right.

It's hard to find "truth" in a business like this, and seeing that 97% of people don't cut it, may imply that 97% of people simply don't get it. This is not to be derogative, but objective.

Doing a poll like this, sorry to say this, is simply stupid. Period. Inandlong, if you had any experience or knowledge about what trading is about, then you would sure realize that any trading strategy, no matter how complicated or simple, can make one individual millions and send the other broke. There is no such thing as a "Strategy that works", but rather a "Strategy that works for you". Therefore, the subject of this thread is insufficient and inappropriate for a professional trader, to say the least.

Inandlong, ever since you tooted your "don't post crap" regime, you've been doing just that. Over the last week alone, you have:

- Been posting crap yourself
- Been posting biased threads and polls
- Been attacking people for their valid views on trading issues, i.e. random entry
- Been sensitively insulting people as a result thereof (i.e. dbphoenix)
- Drove one member off the board (namely Jack himself!) with your biased post deletion behaviour
- P^ssed off a lot of people who study Jacks's theories, including myself.
- P^ssed off a lot of other people, getting unfavourable replies even from nitro, like on the very first page of this thread.


Come on, Inandlong! Please stay objective and stop pushing agendas. You're getting too involved here. What does Baron say? He gave you a Porsche for this? I didn't think that this is what you're getting paid for. Aren't you supposed to quietly moderate and mediate? Well, you're currently doing all of the opposite, I hope you realize that.

Stop justifying yourself and just do your job. That starts with moving this thread to chit-chat, and changing your silly signature.

Don't bother deleting this post in common fashion, inandlong, because if you do, I'll just repost it again. Thank You very much.


~The Scientist

 

[Scientist]

Quote from nitro:

I agree.

Inandlong, I really do not understand the desire to make this post on the trading forum.

If you were really interested in whether people are making money with this guys "strategy," why wouldn't you post it on the original thread where hundreds of replies have taken place?

It seems more like you are trying to direct attention to it than getting a real response.

nitro

This is a very good good point as well, nitro. I forgot to mention that.

Take it to heart, Inadlong!

~Scientist

 

[Scientist]

Quote from blackguard:icarus, I don't know who you are, but what you just wrote gives me a very high opinion of you.

Icarus is one of the smarter fellows on ET. To say the least. Shame there aren't more like him around.

Best,
~Sci

 

[kowboy]

The question on the poll is " Are you making money with Jack's Strategy"

Can anyone explain exactly what this strategy is?

 

[dbphoenix]

Quote from kowboy:

The question on the poll is " Are you making money with Jack's Strategy"

Can anyone explain exactly what this strategy is?

You would think that at least one of the 13 people who claim to be making money with it would be able to explain it, but such is not the case. Therefore, one can assume that they're either deluded or lucky.

 

[kowboy]

I'm totally objective and unbiased.

Please simply explain the stategy so we can all understand. It would be much appreciated.

Thank You.

 

[OddTrader]

For additional information directly related to this thread, perhaps we all should try to do an Internet search, from such as the Groups of www.google.com , before forming any objective and unbiased opinions.

Here is an example (Note: No implications at all about whether two different persons of the same name incidentally.):


http://groups.google.com/groups?hl=...c0gmpln5ok923ai4ifd1lqi2nhkt%404ax.com&rnum=2

 

[electron]

Quote from kowboy:



Please simply explain the stategy so we can all understand. It would be much appreciated.

Thank You.

I wonder if we can hear back from him. I mean, I am sure he can always tell us that we are too dumb to grasp it, but is it really a good way to explain things? I don't think so...

 

[nkhoi]

Quote from kowboy:

The question on the poll is " Are you making money with Jack's Strategy"

Can anyone explain exactly what this strategy is?

Quote from dbphoenix:



You would think that at least one of the 13 people who claim to be making money with it would be able to explain it, but such is not the case. Therefore, one can assume that they're either deluded or lucky.

Quote from blackguard:



... heck, if I had a strategy that worked I'd stay quiet, put it to work and clean up.

 

[gms]

Quote from kowboy:

I'm totally objective and unbiased.

Please simply explain the strategy so we can all understand. It would be much appreciated.

Thank You.

Quote from dbphoenix:



You would think that at least one of the 13 people who claim to be making money with it would be able to explain it, but such is not the case. Therefore, one can assume that they're either deluded or lucky.

Kowboy & dbphoenix, c'mon. I'm not as bright a person as you two are combined, but I've managed to suss this out, as have a few others. You really make me wonder what the agenda is, while Jack thinks I'm the dumbest, but just to give you guys the benefit of a doubt:

Stocks are selected that have strong RS & EPS rankings. The reason is to select candidates that have a reason to gain. When volume goes south, that indicates that neither buyers nor sellers are in agreement. [not a unique thought] Price retraces. A breakout usually follows some time after [this is also taught by others I've read]. Point is traders don't usually initiate trades with seemingly dormant boring issues [Alan Farley], so you're getting in before the crowd in anticipation of the breakout.

Anticipatory entries can yield better results than entries taken after price confirmation [Perry Kaufmann]. This strategy is based on volume leading price [Granville].

But to qualify the equity further, Jack proposes checking it's high-low range % over several cycles for profitability, as have others.

Now you have a stock that people are interested in buying, that has a repeated money making history. If history repeats itself, you're profitable. If the trend resumes, you're profitable.

You're watching for that volume dry up day, then getting in long when the volume increases past the dry up day's range. Other people, more than 13 people, are obviously buying. The price responds accordingly, following the volume. Duh.

Typically, trends end with a regression back to their mean. Rather than waiting until that point, Jack advocates exiting when the money velocity, as he's calculated gain/time, starts to wane, locking in a portion of profit rather than seeking to book all the potential profit by holding 'till the trend's change or end.

The capital is then free to be applied to the next breakout. In this manner, one seeks to have multiple profits throughout over 6 to 8 days or so compound quicker as time goes on, especially as large percentages of equity are devoted to each position. The 'miracle of compounding'.

Jack relishes that his cyclical % ranking system is based on his engineering background, and produces a ranking system that helps pare down a few dozen selections to a very manageable select few, best candidates to track.

Anyone take issue with any of the above, or aren't people free to post ideas at least as decent as the above? Because if the above isn't postable, then let's also harp on several besides Hershey, including William O'Neill, Joseph Granville, Alexander Elder, G. Douglas Taylor as well as critical words for the Miracle of Compounding, wherever she may be, at the very least, because obviously Jack has borrowed from or emulated these sources. But then, nothing is really new under the sun. Things are just mixed anew.

Certainly if you can cull through the posts and number the exact amount of respondents you can also figure out what I've managed to figure out to date. You guys have been posting to him and deciphering his posts longer than I have, haven't you?