Quote from cdcaveman:
this guy jack seems to have a nak for stringing people along haha
I have a lot of "nak's".
My vantagepoint is one that comes from a good and long experience.
As a student in a department where juries judged creativity by ranking the students relative to one another, I quickly learned to select a reasonable approach and spend my time iteratively refining the concept.
After working my way through school while not borrowing money, I learned one important thing. Money is a commodity and it is not scare at all.
So I followed my contemporay, Darvas, and took money out of the markets. From the beginning I could see as did he, that in a period of time an given amount of money was available for extraction. I did nothing unusual except steadily take money out of the market at a steady money velocity. Others, in the course of my life, observed me doing this. All they did was look at where I lived and what I did.
Today, I live in Tucson, AZ and I do what I want as time passes. I am known to have multiple accounts at an IB in California. It is known that the CEO of the brokerage visits me in Tucson. some of WJO'N's protogeges visit me too. WJO'N wrote a book as did Darvas. In his second book WJO'N mentions his beginnings. He worked 27 months to make enough money from his intial capital ($500) to start IBD, etc.
It is the nature of all markets to offer all the time during RTH. this is a market "nak". People observe me taking the market's offer. that is they sit in a chair near me. they do not talk. I talk and I exhibit behavior. these two "nak's" are valuable to others. They see money being made by taking the market's offer. Before I act, I explain my thinking using my vocabulary which they have learned.
As you say, there is a name for what I do to my visitors. I string them along.
They have laptops and they have accounts. They press buttons on their laptops. They watch my mice being operated by my hands. My mice have specific jobs that they do.
I use Snagit to make electronic files fo my annotated trades. My computer stores these on thunb drives. I email the files to the people who watch me and those people in the Tucson office and their friends and friends of those friends. There is a network of people I have the "nak" of stringing along.
I write documents. I print those documents and give them away. My last print I bound in 3 ring binders. It ws to get ready for a Paltalk I didn't do. 5 copies cost me 200 dollars. I expected to hand out a 100 more copies to the Paltalk friends of the host. Why? I was seeking addresses of other traders who had been vetted. My wish was not granted. I was stringing along all these people.
).