BACKTESTING: only 25% winners on MA crossovers?

Jack Hershey, your insults are uncalled for. I don't know if this is an intentional Howard Stern act but I don't appreciate it. I came here for ideas and so far, some people have come up with some interesting ones.

And, as far as succeeding in the future, well, I think if you take any beginner and let the practice, eventually they should improve. I can't imagine really educated people saying: "OMG, you started with losers so you must be a loser.". Most people intereviewed by Jack Schwager started with losses.

Thanks to the others who suggested ideas.
 
Quote from jdeezero05:

Why does anyone even respond to Hershey? Just put him on your ignore list and be done with it.
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Good suggestion.

Some people become good traders and some don't. Why fight the process most traders go through.

It is interesting why trader28 and trader666 and teasingtara didn't ignore me.

Personally, I believe that these people do see the market's offer and they do not take it for various reasons.

They see a lot of others taking the offer using an assortment of successful methods but they don't do what these others do either.

it was obvious to me that clambill just needed to do his first work effort for learning. but with contributors with you around backing his orientation, it probably is just better to pass on his potential. too bad.
 
Quote from Thundagod:

We call you out on your bullshit.. and you run and hide everytime

Why don't you take Tara's trading challenge?

Because you know you will get slaughtered

Slaughtered like every other time you've tried to trade in realtime

Hell you even came DEAD LAST in a trading contest in 2002 without any real money on the line and left early before your -24% snowballed

You have zero integrity and zero credibility.. You are an old fraud and the size of your ego is only matched by your lack of talent and accomplishment in life
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lol no seriously tell us how you really feel lol
 
Quote from jack hershey:


Some people become good traders and some don't. Why fight the process most traders go through.
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You mean giving up? At this point, even if I had money to trade, I'd make sure I did enough back testing and forward testing with a demo platform possibly for several months before taking on another trade with real money. So, the only thing I'm risking right now is time, not money. Besides, after I spent several months preparing myself to trade in a prop firm, I see books on trading now as fun instead of a "chore". So, I'll just continue to have fun looking at this stuff. Right now I have like 20 videos from traderslibary but I ordered another 3 just last week. lol, you must love those $0.99 deals for videos. :D
 
Do you believe you're entitled to post ridiculous, unsupported claims on threads teeming with newbies and play pied piper to the unwary without someone calling you on it?

You claim you routinely make 3X daily range but in reality did -24% in a trading contest; you told your former IBD group you'd turn $10 thousand into $1 million in 100 days and post updates on ET but failed to do that; you've been challenged to numerous trading contests and opportunities to put your money where your mouth is but ran away each time... I could go on and on.

You could make the "B Team" go away by backing up your claims but you can't so we won't and get over it.

Quote from jack hershey:

It is interesting why trader28 and trader666 and teasingtara didn't ignore me.

Personally, I believe that these people do see the market's offer and they do not take it for various reasons.

They see a lot of others taking the offer using an assortment of successful methods but they don't do what these others do either.

it was obvious to me that clambill just needed to do his first work effort for learning. but with contributors with you around backing his orientation, it probably is just better to pass on his potential. too bad.
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Jack, speaking of dummies, how about telling us why you think stochastics is a leading indicator of price and why you were conducting hindsight "demonstrations" last year... even after your errors were pointed out to you. Do you understand the difference between "the hard right edge" and hindsight now?

http://www.elitetrader.com/vb/showthread.php?s=&postid=2345741#post2345741
Quote from jack hershey:

But it is also true that dummies abound in the learning to trade process so easily seen in ET.
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Quote from MAESTRO:

One can successfully implement a simple moving average crossover system playing ATM options. In that case you have very small losses on Delta but you gain Theta and on average you are neutral Vega. If you choose a security (like SPX, for example) that has tight Bid/Ask spreads on options you can have 25% winning trades producing very good resuts overall. I have been running similar system for years where I sell ATM puts when the faster moving average crosses over slower moving average and sell Calls when the opposite happens. As any simplistic system this system also has huge limitations and drawbacks, but for a beginner it is a good place to start.
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clambill - this is the one professional reply on your thread, yet you don't appear to have responded ?

Btw, I know at least one trader making serious dough trading MA crossovers (plus a few simple filters) with a 7 figure account. The line "MA xovers don't work" is generally made by traders who are not making money.

HTH.

J.
 
Quote from J-Trade:

clambill - this is the one professional reply on your thread, yet you don't appear to have responded ?

Btw, I know at least one trader making serious dough trading MA crossovers (plus a few simple filters) with a 7 figure account. The line "MA xovers don't work" is generally made by traders who are not making money.

HTH.

J.
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I did not respond because it seems to me that you'd need to find a way to hedge the short options. I mean if you sold a put then you'd have to buy an out of the money one to protect it. Then you'd make the difference in the cost between the two. If I'm correct, you'd need level 4 clearance to even sell (write) options in the first place.

Yeah, I realize there are filters. I've looked at a couple of things in the last day and I realize sometimes you may have to just look at the chart visually. There was only one word of advice from my manager when I lost my job in the prop firm. And that is that I should use my intuition, not just technical indicators. But, the reason I did look at a few more things was to try to find some ways that are still sort of "automatic" in the sense that if would force you to notice what is going on if you weren't consciously aware of it.

I hope that makes sense to anyone who reads this. ;)
 
Along those lines SPM is a simple, effective framework for quickly developing intuition about price action.
Quote from clambill:

There was only one word of advice from my manager when I lost my job in the prop firm. And that is that I should use my intuition, not just technical indicators.
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