Attention Rocketeers...

Quote from manz66:

check this link:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=15351&perpage=6&pagenumber=14
More...

Apparently you didn't read the whole thing.

Jack can make whatever comments he likes about me or anyone else who sees him for what he is. Bottom line is that his babblings amount to nothing.

Lots of approaches sound good. But if they don't make money, who cares?

I'm not interested enough in this nonsense to argue about it again. Anybody who's interested can start here and decide for themselves: http://www.elitetrader.com/vb/showthread.php?s=&threadid=14129

Y'all have fun now :D
 
Quote from Grob109:

Currently I am not attentive to all of those to whom I would ordinarily respond. As Nhkoi has commented recently I am just interjected at points of interest to me. It has been determined that the scope and range of problems I have is determined and secondly, we will have a level of stability thatwill let me get things taken care of. I will be finishing the documentation on all levels of trading and investing that I do. All the cost stuff has been in hand for a while so there are no limitations.

With respect to all posts here I will summarize the situation in the areas of interest.

A types. Learning rockets is a warm up drill. The strategy I have is to get people past using their own money for trading. The key value of rockets is to triple your money and then remove the inital capital.

There is a second thrust as well. Learning anything related to money is risky business. rocket have little or no risk, therefore there is less risk associated with the main effort a person is making. That is learning to learn about making money. It turns out you only get one real chance to learn about making money. If you blow it you are in a bad place. So I focus on not letting people blow the opportunity if it is still there for them.

Everyone can easily understand what I said above. Making money is not difficult. Learning to make money is a process. But here in ET that concept is not understood broadly.

A person either learns or not. Rockets open the door by preventing a person from screwing up the chance he has to learn. by only trading very low or no risk trades and getting the initial capital out of the market, a person arrives at a place to be able to go all the way to the top of the trading opportunity.

The markets do not always offer low risk strong trends to trade. So as a very important learning experience, people get to not trade when it is appropriate to be sidelined. This is a process over time. As I cover each post in this thread you will better see what I mean.

One caveat first. All sensing is associated with emotions. You either summon the emotion of your get it thrust upon you. Whenmaking money it is important to be sensing in a tip top way. Tip top means no bull$hit in the space. it means always summoning the emotions that are appropriate and healthy. Healthy means in balance and under control and always helpful and appropriate. Any emotions thatpop up and surprise you, especially at the "wrong" time, are sick emotions. Medically, they are inflamed. You can't trade if and when you have inflamed emotions. What is worse is how emotions affect learning.

You cannot remember under some circumstances you get into. Think about trading as a monitoring process. It starts with sensing and there is always an emotion coupled to sensing. same with studying. You are sensing and there is an emotion coupled to the sensing. If and when that emotion is screwed up (inflamed), it acts as a blocker. It blocks the path to your memory area and nothing is recorded in your memory for later use.

Most self taught traders have a lot of common characteristics. One of then is failure that has been well learned by repetition ad nauseum. They are busted for sure. You may have heard about people blowing out. The inflamed emotion that stepped into the picture at the time it chose (this time is referred to in ET as the "wrong time"). Caveat over.

So Rockets are done to eliminate "blow out" of capital and replace blow out with a low risk strong trend type trade that makes money when a couple of conditions slowly creep into view and only last while a trend is "taping" to it's ending in a short time. Taking out profits after tripling inital capital also stops blow out in that intialcapital can never be blown out after that.

So rockets are not atrding method just a stepping stone to getting into trading. When I mentor, I put people thorugh a lot in a short time. So if we mess up, I write them a check. This keeps their emotions in a state that I need to fast track them along. We can beat up any emotions that need beating up. I am looking for them. And we treat out of control stuff with repairs immediately and quickly get through the tough times when a beginner doesn't know very much. I feel that learning comes first and then making money will follow.

Lets look at what the people here are saying and why.

Easyrider is a millionaire. His emotions are inbalance and he is a self learner just going alone clarifying day after day. And he is staying out of trouble too. Because he has reviewed so much stuff he is no longer a beginner and has used the stuff he finds to add to his regular approach and strengthen it. It's a powerful place. the compound interest fornula makes him a millionaire. He is seeking the qualifiers to make this thing work. What he will find is how to be one of the four levels of being an Iceberger then he will find the expert levels leading to and including SCT.

gms will start reading a book that is being stocked at Amazon in about two weeks if he get there soon enough. Not everyone can learn. gms can though. In learning, to begin you have to take a chance to start. I lectured in the dept of Psychiatry one this to their faculty and the Education department as well. The key for teaching and for students is to be able to start. The height of the first step is set somehow. If it is too high, the learner will not take the step. It turns out anyone who considers learning about something looks at the scope and bounds of the subject. They never see the whole picture. Never. What they see is part of the picutre and what they think is the first step. It is a perspective.

What is lousy about trading and investing is the picture almost always seen. The size of the step needed to get along to a high enoughplace is the step needed to learn to not lose money. It is too high and is always seen by people who test out like gms. The admoniton given him way back turned out to be an insult.

I need to give a full picture of the whole nine yards to lower the first step's risk. The step will be smaller if the whole height of the picture is seen. Rocket trading is child's play but losing money is a gaint step to overcome. I think I'll watch and lurk.

So roberk can't do tests. That is not a problem. What will be most helpful is getting an understanding that learning is what is involved. And that it is a process. The emotions are what need assessing. When I ask some one to tell me their entry time and price each time I broadcast, I am really asking for are report outs on emotions of each person in the group. Roberk trades. Rockets happen. Easyrider listed the conditions and 1contract cemented some volume in the picture Add prorata to the monitoring). If you went to broadcasts you saw day afterday the PR volume being typed in. As I mentor I hear it at least five times abar, always. SCT trading deals with prorata volume too. 5 min bars all have their formation and history before they are finished. Memorys come from this. Emotions get balanced by repetition of workable stuff.

ET will always have db types who are dead in the water. I like the counterpoint. It is very clear that db is stuck for some reason.
I do not think his ROI or his equity curve is improving at this point....

JB does not use the same signals I use (his are incorrect or high risk situations; have just looked over the stuff he notes on charts). He does not use several differing STOC periodicities. I would have a difficult time using his stuff since I do not use what he uses. AA belt you may want to read his stuff again. I deal with sustained OB/OS only.

There are nine levels of learning for getting to expert trading. Learning is a process. I will have the books done this year. The hardest part to get them done is to get all the emotional stuff into the picture at every stage.. Luckily in Tucson the med people are converting Weil's stuff into a new format. There, a lot of health related emotional stuff is on the table; I get to be a fly on the wall because of my engineering training. Liz is a scheduled speaker this month. So all the copy will be under review here and abroad in a colleagual way.
More...


:p:p

that must have been some reeeaallyy strong LSD, bro... you're still trippin years later! :eek:

ICe
:cool:
 
Quote from gms:

I don't get the reference to me buying a book at amazon in your 1,421 word "summary".
More...

It is apparent to me that you will comment on any thing I write especially if it is tagged by a reference to you. The steps you need to go through will probably be accomplished if there is some kind of incentive, either implied or direct.

Because there will not be enough books for everyone, some people will not get one and will be in a lesser position for accomplishing their person goals.

Think of my comment to you as a kind of bait to get you to act. either you will or you will not. To postpone is a common occurance for you. You assess only the risk others take and not the process they are encountering. So far it is limited, for you, to money and not learning nor balancing emotions to be an expert.

Since the book is a book written and translated by an immunologist and psychologist, it is primarily a consideration of the balancing of emotions. That is the target you are going to get to as the months go by.

Everyone here who posts reads what I write. You can see that for a year I have been methodically bringing up topic after topic related to making money. I spent about 200 pages dealing with taking a look at steadily increasing money making in a thread on stochastics. I answered questions.

What you do is put on the table where you are and what Iam not doing to support everyone who you have determined have a set of problems. You say they have asked questions and I have not answered them. The effort you are making is demanding and takes a lot ofwork. Thus I get to know what you are conscious of. As I get your continuing flow of comments, I get to learn more and more about why it is difficult for a person to make money.

db did the red line blue line thing in this thread. Obviously he doesn't get it and proves it to all of us. Last week he did the indicator vs direct variable shtick. He tells a person seeking help to not use indicators. The person he critiqued had an excellent "green line white line" rendition that I personally classed as "good work" because of the absolutely excellent and reliable signals it generates. db thinks the signals of indicators are lagging. In fact some are leading and some are contemporary. A&R's have four parts and Part 1 signal starts at least 6 to 8 minutes before the A or R. lol.

What I am doing with you is getting you to the target that is now on your horizon. You either go or not. Others who may be able to identify with you, get to go or not go also. That's life.

Read ice's comment. How did he miss the boat and when? Emotional stuff is a tough one for everyone. It is possible, from my viewpoint, to envision people who have never given consideration to how their minds and bodies work. If a person doesn't even know how he functions in a serial mannerr from the first sensory input to the final behavioral action he takes each step of his life as a trader, he is absolutely screwed for making progress and growing. What is it like to read what people write when a person knows this process. What it is like is to be able to better undrstand where that person actually is. Where is ice?
 
Quote from Grob109:

Emotional stuff is a tough one for everyone. It is possible, from my viewpoint, to envision people who have never given consideration to how their minds and bodies work. If a person doesn't even know how he functions in a serial mannerr from the first sensory input to the final behavioral action he takes each step of his life as a trader, he is absolutely screwed for making progress and growing.
More...
Nicely put, Grob
 
Quote from Grob109:


db did the red line blue line thing in this thread. Obviously he doesn't get it and proves it to all of us. Last week he did the indicator vs direct variable shtick. He tells a person seeking help to not use indicators. The person he critiqued had an excellent "green line white line" rendition that I personally classed as "good work" because of the absolutely excellent and reliable signals it generates.
More...

Once again, Jack demonstrates his difficulties with understanding the written word (even when he's the one doing the writing).

Whether the individual in question uses indicators or not is immaterial to me. I was asked for help and replied that I analyze volume by analyzing volume, not volume indicators, and that if the individual were to take the indicators off and put the volume bars on, I'd have something on which to comment. And that's as far as it went.

As for Jack's comment regarding the green/white line, as far as I know, he never did say why it was good work, what was so reliable about it, or what to do with whatever signals it provided, if any. This is typical of a certain type of guru-wannabe, i.e., "I know something you don't know". And the fact that so many people here are so far behind their own goals suggests that they are paying far too much attention to just this sort of nonsense.

But, it's their money . . .
 
Oh for cryin' out loud.
Quoting Grob109:

It is apparent to me that you will comment on any thing I write especially if it is tagged by a reference to you.
My contribution to this thread was in elucidating the thread originator to your rocket method, not in response to you mentioning me.

Think of my comment to you as a kind of bait to get you to act.
No surprise on my part there. Except for the "surprise" that you have the time for baiting. Recently read a post on your msn board that spoke of an expectation of you getting back there when your 'health permitted'. Had to laugh, those poor souls, considering you're healthy enough to write thousands of words here, and are healthy enough to use your time to admittedly bait others. Here's some bait for you: If you don't wish to further help the msn forum started for you, in which the purpose the group was started was for you to help them, despite the fact that they still need help and are looking for your return, why are you "helping" here instead?

I get to learn more and more about why it is difficult for a person to make money... What I am doing with you is getting you to the target that is now on your horizon.
To believe that I, or any person, am off-target or not making money, basing that belief on previous posts because they question, brings you to an incorrect conclusion. Questioning you doesn't mean I'm not making money, Jack. It just means I'm open to some ideas, and other times, I'm looking for further clarification regarding your answers.
 
Quote from gms:

Oh for cryin' out loud.
Quoting Grob109:

It is apparent to me that you will comment on any thing I write especially if it is tagged by a reference to you.
My contribution to this thread was in elucidating the thread originator to your rocket method, not in response to you mentioning me.

Think of my comment to you as a kind of bait to get you to act.
No surprise on my part there. Except for the "surprise" that you have the time for baiting. Recently read a post on your msn board that spoke of an expectation of you getting back there when your 'health permitted'. Had to laugh, those poor souls, considering you're healthy enough to write thousands of words here, and are healthy enough to use your time to admittedly bait others. Here's some bait for you: If you don't wish to further help the msn forum started for you, in which the purpose the group was started was for you to help them, despite the fact that they still need help and are looking for your return, why are you "helping" here instead?

I get to learn more and more about why it is difficult for a person to make money... What I am doing with you is getting you to the target that is now on your horizon.
To believe that I, or any person, am off-target or not making money, basing that belief on previous posts because they question, brings you to an incorrect conclusion. Questioning you doesn't mean I'm not making money, Jack. It just means I'm open to some ideas, and other times, I'm looking for further clarification regarding your answers.
More...

Thanks for the response, I really appreciate it. I apologize for using the word "bait". I fish a little but I can see bait is an ill chosen way to describe what I was interestedin at the time.

Your critque are questionings as a way to get to a new place.

What I am dong here is passing some time. I am sort of restricted from taking on anything at this point. When I am at MSN I try to get work done to complete a series of important tasks. I have about 20 to 40 to do. What happens there when I take on a task there is that I work from concept to detail in a didactic manner. If I complete the exchange, then I go to work doing a series of about 4 edits using all the information that has accumulated.

The odds and ends I type here turn out to give me rough copy that I will splice into the 20 to 40 tasks.

I made comments. I really liked the threads on Announcements (A&R's). The green/white volume tick tabs is the nuts as a simple indicator to keep anyone on the "right" side of the market in a non lagging way. The stretch/squeese offset using "smart money and INDU cash is a great way to stay sharp on anything all day long. The DOM is my vernier for tuning the max out of continuous trading; so when it comes up I follow. I haven't gone through any detail as yet thoungh. It is the single greatest aspect of my trading for using market orders to come within a tick or so of turns. Occasionally people do actually read old threads and rockets, icebergs, SCT, and assorted kewl uses of indicators do come up.

I keep track of MM's 15 money streams where he cycles each of them every 4 to 6 weeks to complete a turn on capital (15% gain on all assets). The guy is making 150 picks a year to do this. Naturally it is interesting to me to see the frequency with which he cancels and restarts each time all his 15 streams get filled with long holding periods.

I like the thread Bob and Cathy runs also (It is in chit chat). She does 50K on 10K of capital a year.

I read all of the scientist agregation's comments too. What a neat collection of people and apparently the environment is less threatening to those ET'ers who have hot buttons to deal with all the time.
 
You must log in or register to reply here.
Back
Top