The standard is dollars per hour. Which number is higher $50 or $2000 ? Its really simple math. You have a numerator and a denominator. You ought to try it sometime. US is talking about dollars per hour as a standard and THEM is talking about %range per day. Of course THEM chooses a standard by which to judge and rejects an equally valid standard chosen by US. Refer to the premise on page 1. US and THEM sees it differently. Case closed. Class dismissed.
BE DO HAVE and Jack Hershey vs Objective Reality
- Thread starter ^^^^^^
- Start date
The standard is dollars per hour. Which number is higher $50 or $2000 ? Its really simple math. You have a numerator and a denominator. You ought to try it sometime. US is talking about dollars per hour as a standard and THEM is talking about %range per day. Of course THEM chooses a standard by which to judge and rejects an equally valid standard chosen by US. Refer to the premise on page 1. US and THEM sees it differently. Case closed. Class dismissed.
Recheck the entire post. I purposefully only used the number $2000 anticipating that you would somehow read that the selection made was for $50. Again, you can recheck the post. It was noted that the point was to choose $2000/hr and use up all 40hrs. I'm not sure why that wasn't apparent in your reading of the comment. As for the standard, the rate is DOLLARS per HOUR. Just like when your driving a car at 90 mph. If a cop gives you a ticket for doing 90 mph versus 90 mpminute, clearly the point of reference is time. In your example, the standard unit is time (ie. one hour). Same thing as the quarter mile race track. The standard unit is a quarter mile. This is the equivalent of having a target/goal amount. To finish the race first someone has to be travelling faster than the other car. Two cars running at different rates of 300mph versus 327mph will reach their goals at different times. Which car reaches the finish line first? 300mph? 327mph? OBVIOUSLY 327 mph (ie. $2000/hr). The standard in what we are comparing is time? You set the target to 40 hours!!! The PER HOUR part... This means there are 40 standard units in which you can earn something. The rates are to either do something over the course of 40 hours at either $2000 per standard unit or $50 per standard unit. My response to you was that in order to be optimal you CHOOSE $2000/hr and work for 40 hours (ie. 40 standard units of 1 hour). This is the one of the greatest points about trading which you have brought up. YOU WANT TO choose an instrument that has the greatest rate and use tools that work ALL OF THE TIME! If the max rate is $2000/hr and there are 40 hours to play, you cannot beat a lump sum of ($2000/hr)x(40hrs). How you came to the conclusion that SPM is doing $2000/hr and versus the $50/hr is how you see things. Which rate do you think all stars get? $2000/hr or $50/hr. Someone like Kobe gets $2000/hr. They would not expect kobe to play just play 1 minute and sit out the remaining 39... You're right this is not supposed to be hard to understand. But this thread has been great on so many different levels for understanding what is like on a different side of the fence. If we could only see the backtest code, we could see what kind of bandaid was needed to stop the bleeding of dollars...
WATER CRYSTALS EMOTIONS HEALING TEAR DROPS MEDITATION NATURE
http://www.youtube.com/watch?v=AWu30nyKRMI
http://www.youtube.com/watch?v=AWu30nyKRMI
... You know we don't care about what others think of the effort. You don't see anybody here crying about their feelings getting hurt. What we do care about is understanding the peculiar spectrum of individuals. Everything we have attempted to discuss has been flat out either avoided, dismissed, or deamed obfuscation. This is how it goes as far as you see things. I fully expect this thread to die as usual but it has been great to see how consistent either side of the fence is. You, for one, continue to waste your time doing as you do, backtesting and turning down every opportunity to have what you have done fixed. You know we're nuts... But you don't understand why.... Ironically, you find me to be ignorant. By definition, ignorant assumes not knowing what I am talking about. The funny thing is that if i'm ignorant, how much sense does it make for you to be backtesting something that was put together by people who don't know what they are talking about??? By the same rationale, you have attempted to find out what we are talking about??? How much sense does that make? We already know how many CENTS your backtest DOES NOT make...
THe most amazing thing to me is that you guys would rather waste time arguing over bullshit than focusing on trading...
All that matters to me is what my daily sheets show me and what little profit/loss lies I pass on to the wife. Other than that no one else's opinion of my profits or losses matters or affects my financial well-being.
So why are you guys arguing and wasting time over what someone on an anonymous message board thinks?
All that matters to me is what my daily sheets show me and what little profit/loss lies I pass on to the wife. Other than that no one else's opinion of my profits or losses matters or affects my financial well-being.
So why are you guys arguing and wasting time over what someone on an anonymous message board thinks?
Mak,
I'm not on either side of all this. Just an interested third-party I guess you could say. I've been reading Spyder's Futures Journal since the beginning and I've definitely enjoyed the contributions you've made to it. Very interesting stuff.
Near the beginning of the journal, I was the one who made a suggestion that a few day's worth of ES trading be videoed, so as to alieviate any negative thoughts about whether or not profitable SCT is possible, before proceeding with the journal. I was sincere by the way, when referring to Dr. Amen's research on brain imagery & negative thoughts. Anyway, Magna quickly came out, asked for everyone to put people with my kind of posts on IGNORE, even though I'm not really a detractor. I had asked you a question right after that, but I guess you had me on ignore, so if you don't mind I'd like to ask a few questions.
Do you trade the SCT method fulltime? I ask, because your bio says you're an associate (w/a Company?) ?
How long have you been trading the SCT method?
How did you get started with SCT?
Since you're one of the visiting mentors of the journal, I just thought it'd be interesting to know a little about your background with the material, that's all. Thanks.
I'm not on either side of all this. Just an interested third-party I guess you could say. I've been reading Spyder's Futures Journal since the beginning and I've definitely enjoyed the contributions you've made to it. Very interesting stuff.
Near the beginning of the journal, I was the one who made a suggestion that a few day's worth of ES trading be videoed, so as to alieviate any negative thoughts about whether or not profitable SCT is possible, before proceeding with the journal. I was sincere by the way, when referring to Dr. Amen's research on brain imagery & negative thoughts. Anyway, Magna quickly came out, asked for everyone to put people with my kind of posts on IGNORE, even though I'm not really a detractor. I had asked you a question right after that, but I guess you had me on ignore, so if you don't mind I'd like to ask a few questions.
Do you trade the SCT method fulltime? I ask, because your bio says you're an associate (w/a Company?) ?
How long have you been trading the SCT method?
How did you get started with SCT?
Since you're one of the visiting mentors of the journal, I just thought it'd be interesting to know a little about your background with the material, that's all. Thanks.
I gave that joker one trade I made with precise times. If he wanted to learn, he'd go do some work and figure out what I did. Instead, he wants to whine and complain. What can I do Mak, I guess not everyone is willing to learn how to make big bucks 
Just the only one I took the time to post.
your observation is spot on.
there is nothing new under the sun.
the Hershey Method is nothing more than trend/channel, etc.
there is absolutely nothing new to it.
all the channel stuff is not a hershey original idea, it has been taught many years before.
the Hershey method is nothing more than a smart marketing idea.
SCT is a package deal, you get channels, you get trends, you apply them over and over again.
Got it?
Thanks again for letting me swing by your place and watch you trade for the day. Hope I wasnt too much of a distraction. I learned a great deal and look forward to emulating your success in the not so distant future! Sorry to send you this via the thread but your PM is disabled. Thanks again "Harold" (didnt want to put your real name out there) 
CC
CC