Go read Jack's very first post here. Note in retrospect the sly mocking tone. Then read his next ten or so posts. They presage all that followed. Great long-running theatre! And my tonguewistic analysis still proves that he is a conjoined personality. Having dinner with schmucks.
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Day trading is losers game
- Thread starter oilfxpro
- Start date
Quote from jack hershey:
Recently, I put that question to rest.
I considered samples and where the p< 0.05 fit into the picture.
To do this I started with one person and that failed. Another person chimed in and dropped the ball, too.
The sample grew sufficiently in each case.
Recently I just asked a person to contribute an Excel spread sheet that he used or to make an Excel up that would be suitable in his opinion. I was shooting blanks, yet once again. In the past I have asked the same question and I have gotten a 100% non response.
I would say that the posting I have done provides a good sample. In the sample, any person who wishes can skew it to cause me to have some poor looking trades from a money velocity point of view. BUT, it is also true that the trades do demonstrate the importance of the principle of always being on the currect side of the market.
I did about 100 reversals after opening bar entries and before bar 78 exits. At no time during RTH was it unclear which side of the market I was on nor where the profit segment began or ended.
Anyone who wishes can do the tabulation. Mostly people do not make any effort, except as you say, they just fuel their suspicions out of ignorance. But they do not use the ignore button and then just make comments that are unfounded.
The summary of my views is that I follow a system and the money takes care of itself. There is a lot of interpretation of what I say. I do not correct the views others express usually.
One of the recent core abridgements by a detractor recently was: always in; always makes 3x the dailly range and never takes any losses. This strongly suppports those who have suspicions and who may have a lot of trading experience.
Today, someone posted a wikipedia source. I read it and made a comment. My comment is alone in the comments section. All other comments were in the approval category where 100% of the comments are reported. A neat use by wikipedia of the comment results. May be some readers will think my negative comment is from a person who is like all the other commentors. I posted one sentence: "I was looking for the use of the Scientific Method."
As you state and I agree with you, the record of comments by experienced traders is that they are suspicious of me. It is not that my comments are lengthy so much as it is that I speak in a language that is foreign to them. This is not a criticism of them it is just a fact that I describe the market in detail and from a Scientific point of view. They do what they do and I do what I do. There is very little common ground.
So, as may be seen, I have an advantage gotten by my choice of where I fit into the infinite scheme of things. I am parasitic, front running, technical (Scientific) extracting-the-full-offer-of-the-market, always in and always on the correct side of the market trader. My presenting level of trading is advanced beginner. My personal level of trading is expert.
If someone imposes on me, then I answer their need or want; they also get the consequences of my answer.
Trade Navigator is doing a training session somewhere on the 15th to 17th of september. I may go s a paying customer. I do not use their platinum level and they are touting its usage. Therefore, I may not be allowed to attend their meeting. I phoned them to find out where it is. I left a message since I called early in the RTH and they were not open at that time.
Look at this one. Jack did not write this. Maybe Saint Liz did. Or Archangel Spydie. No grammatical errors. Well reasoned. Few typing errors. No spelling errors. No misused words. Unaccustomed use of subordinate santa clauses. No repetition of old posts. D'ordinaire, you can copy a short new Jack sentence, search on it, and find one or more near or exact matches. I have long suspected a random cut-and-paste approach to Jack posting. Also sometimes it is clear that the conjoined minds sit around a computer drinking beers, yukking it up, and writing in "Naked Came the Stranger" style. I am insanely frustrated that they don't invite me to participate. I can mock ET with the best of them.
Quote from Fleming Snopes:
Look at this one. Jack did not write this. No grammatical errors. Well reasoned. Few typing errors. No spelling errors. No misused words. Unaccustomed use of subordinate santa clauses. No repetition of old posts. D'ordinaire, you can copy a short new Jack sentence, search on it, and find one or more near or exact matches. I have long suspected a random cut-and-paste approach to Jack posting.
You have to be kidding me. Are you serious? Hypo, come on. Stop disappointing me... Well reasoned?!Take the last paragraph for instance. WTF was it? No repetition?
PS:Thanks for pointing to the movie. Will watch it sometime.
Quote from pythontrader:
You have to be kidding me. Are you serious? Hypo, come on. Stop disappointing me... Well reasoned?! No repetition?
PS:Thanks for pointing to the movie. Will watch it sometime.
So I eggsaggerated. But you see the difference in style from the usual incoherent rants. I am minded to add that there is indeed a cultic undercurrent. Years ago I was on the receiving end of the most viciously vituperative PM exchange you can invagine. Cruel, pointed character attacks in the misguided opinion that I have any character. And several times Jack read me so well that he plunged his hand into my heart and squeezed. But he didn't know that I don't have one. Make no missnake. He is VERY good at NLP.
Speaking of movies, this personality inexplicably doesn't have MarketSlurper on ignore. He recently posted a link to the upcoming film "The Master", a loose depiction of the style of L. Ron Hubbard. Or maybe it is about Jack? I am so confused.
Quote from Fleming Snopes:
So I eggsaggerated. But you see the difference in style from the usual incoherent rants. I am minded to add that there is indeed a cultic undercurrent. Years ago I was on the receiving end of the most viciously vituperative PM exchange you can invagine. Cruel, pointed character attacks in the misguided opinion that I have any character. And several times Jack read me so well that he plunged his hand into my heart and squeezed. But he didn't know that I don't have one. Make no missnake. He is VERY good at NLP.
Speaking of movies, this personality inexplicably doesn't have MarketSlurper on ignore. He recently posted a link to the upcoming film "The Master", a loose depiction of the style of L. Ron Hubbard. Or maybe it is about Jack? I am so confused.
Well. That is the Hypo I knew. I almost dropped dead. You scared the shit out of me. Well, I guess the only difference between you, me and Jack is that we both are lovely assholes but he is an evil one.
PS: I hope I provided some clarity.
Quote from pythontrader:
Well. That is the Hypo I knew. I almost dropped dead. You scared the shit out of me. Well, I guess the only difference between you, me and Jack is that we both are lovely assholes but he is an evil one.
PS: I hope I provided some clarity.
Your garden variety manic cultic guru will spew forth in push-of-speech style a machine-gun stream of derivative plattitudes and platypusses. Some of them will be true, and resonate with the prospective accolyte (or in Jack's case, accolite). I read him closely because some of the word vomit contains re-edible pieces. Remember, he is not one person, he is biblical Legion. So sometimes a gem of truth finds its way out, like an accidentally swallowed diamond.
Quote from Fleming Snopes:
Your garden variety manic cultic guru will spew forth in push-of-speech style a machine-gun stream of derivative plattitudes and platypusses. Some of them will be true, and resonate with the prospective accolyte (or in Jack's case, accolite). I read him closely because some of the word vomit contains re-edible pieces. Remember, he is not one person, he is biblical Legion. So sometimes a gem of truth finds its way out, like an accidentally swallowed diamond.
You have to be drunk... Hypo, stop this nasty habit. It is 11 in the morning. Start looking for some pussy instead.
Quote from pythontrader:
You have to be drunk... Hypo, stop this nasty habit. It is 11 in the morning. Start looking for some pussy instead.
It's Friday. When I as working I loved Fridays. Now that I am trading I fucking hate them. And Mondays, too. So my choice was drink or shoot. Never both. But as I tweaked some codas yesterday I decided to stay home and watch them work. But that is so dull, like watching a five-minute chart, that I am two-thirds of the way through a bottle of Piper Sonoma Brut, conveniently on sale this week six for $14.64 each.
One of those codes, BTW, is a hack at realizing Jack's "always in" dictum. Not possible IMO on five-minute, but on one-minute I am getting close.
Quote from Fleming Snopes:
It's Friday. When I as working I loved Fridays. Now that I am trading I fucking hate them. And Mondays, too. So my choice was drink or shoot. Never both. But as I tweaked some codas yesterday I decided to stay home and watch them work. But that is so dull, like watching a five-minute chart, that I am two-thirds of the way through a bottle of Piper Sonoma Brut, conveniently on sale this week six for $14.64 each.
One of those codes, BTW, is a hack at realizing Jack's "always in" dictum. Not possible IMO on five-minute, but on one-minute I am getting close.
I have to go lad... Can you take over Jacky for me? Stay profitable.