Duref Mudgins Invites Jack Hershey to Reminisce

Status
Not open for further replies.
Cynicism is a spectator sport. You don't go to practice or take showers at the end of workouts.

There is no World Cup for cynicism.

We all know people learning to trade have trading plans and business plans. Try doing a search for such outlines. There you will find no sections on cynicism.

Look around under systems and see if you find a cynicism component.

ATS is a component of Trading Plans and Business Plans.

Determining how to be an expert is not a difficult process. Determining how a business plan follows the Power Law pops right out on the page during the rough out.

Learning where the ATS for any trading Plan is found appears right off as the plan is fleshed out.

The Mind is headquarters for all ATS's. There is no cynicism part of the ATS.

S means system. System means: structure, process and results.

You use block diagrams to flesh out the components on about 5 of 6 levels for each major part.

A means automatic. All traders trade automatically. At some point each and every trader discovers that he goes through four stages (Two things with two possibilities taken two at a time). Here the mathematics of trading is being dictated yet once again. The unconscious component is an automatic component.

Jam stated a few weeks back a key principle on how time and opportunity works in markets. the time for making mistakes is always there. the oppotunity to trade at the right time is very brief and, therefore, an automatic one.

T stands for trading. Money, platform, accounts. The connection to the platform is via a computer or via a hand clicking a computer.

The market block (information) flows to the trading block flows to the platform.

The trader shares responsibiliites with the market. These are designed and written into the two plans. Again the same mathematics is dictated by this arrangement of responsibilities.

The process of making a trading plan and a business plan has one major building block: THE BUILDING OF THE MIND.

I discovered very quickly that I had to devote a whole book to this. The internet became a vast resource but, finally, I decided to work with a person who repairs minds and repairs the bodily systems that repair minds. This physiological orientation rather than a psychological orientation went very far for learning the processes required the "grow" the better structure for building the mental (thinking) part of the process. The sensory ratio of inputs: concious/unconscious::10,000/20,000,000 is in direct correspondence to the physical needs.

The theme is insistent: converting the unconscious to concious once a means of sensory supply is established.

Thus, building a very very comprehensive sensory input system is required. AND it cannot be one that is a formal content oriented system. Rather it has to be a Process oriented information delivery system.

A trader aportions relative little sensory time to his trading. And he is process oriented. The stark contrast of OODA and MADA makes it very apparent why OODA can't become ATS and MADA is designed as an ATS.

The ADA of SCT is where the trading plan comes from. The ADA is the "think" piece. The mind is built, both pysiologically and psychologically to achieve this. It is not an emotional issue, since M of MADA where sensing is done is where the sensing/emoting activity occurs.

Fight or flee is not part of MADA and it is the cornerstone of OODA, the CW modus of trading.

Learning to build the mind is largely an uncouncious process. When in the lens problem does a person find out the shape of things, mathematically? When he sees the two asymptotes appearing. What enabled him? It was the ability to inter relate variables.

Learning to trade deals with a few principles. They are in the business plan. You design the business plan around these.

To make the business plan work you build a trading plan.

The trading plan operates on the corresponding ATS.

The ATS is your mind in the beginning. You build an ATS in your mind. The ratio of concious to unconscious is 10,000 to 20,000,000.

Intentional, purposeful drills are what allows your unconscious mind to be built. The physical growth of the mind comes under "plasticity".

You can see that human aspect of all of this is an exact systemmic replica. That is why the ubuntu happened.

So we do channels on adjacent bars and get a binary vector for each variable. The mind's ATS is built by drilling until the P, V relationship becomes "automatically" known (it is known unconsciously).
 
I, on the other hand, have been exceedingly generous to young ladies found wandering on the dark side streets of strange cities at night, seeking to make their rent money any way they can. Also I have given generously to indigenous children in foreign countries selling the dried and packaged produce of their paltry family plots. I am truly a world philanthropist.
 
Quote from lagnflag:

But they do give cups for excellence and achievement and you cannot produce a single one, so once again it is laughable for you to compare yourself to those three men whose cabinets and mantlepiece overflow with the silverware of success.
More...

A Noble Laureate in Physics, Richard Feynman turned down an invitation to become a member of the National Academy of Sciences with the rationalization that such a body had become no more than a body created to perpetuate itself. He called the whole process the bestowing of epulets and was brilliant enough to do what he did with no second thought. I do not know how brilliant Jack Hershey is but I'm sure he would tell you if you asked him.
More to the point though is the utter lack of the necessity of a collection of trinkets to provide validation of of one's efforts, intelligence or anything else. Which of course is not to say that the possession of trinkets renders one less intelligent but rather that such material things are not of consequence when measuring effort or intelligence.
So there are baubles and then there are baubles and for Feynman. the Noble was not refused. On the other hand Rosalind Franklin did not have the opportunity to refuse since she died before Watson and Crick were awarded theirs.

lj
 
Quote from lagnflag:

But they do give cups for excellence and achievement and you cannot produce a single one, so once again it is laughable for you to compare yourself to those three men whose cabinets and mantlepiece overflow with the silverware of success.

Where are the Hershey charitable foundations? The answer is so obvious, much like your success they simply do not exist.
More...

I am ubuntu oriented.

If you have any problems with the Q's on 2244, just ask. Google other Q's I've answered here.
 
You might recognize this quote of yours from yesterday. It turns out that at 2:49pm est today you were busy addressing Mr. Hershey with another of your reticent comments on this thread. Let me be the first to remind you that you couldn't have been trading, per the time stamp here. You will see it coincides with the market screaming to new lows on a wide range bar. All that action are you were here posting away to Jack.

Lagnflag, we are real traders here. We would appreciate it if you took your shennanigans over to the yahoo boards. You'll probably find the crowd to be more on your intellectual level :p

http://www.elitetrader.com/vb/showthread.php?s=&threadid=129524&perpage=6&pagenumber=32


Quote from lagnflag:


I find it very disappointing from looking at the time stamp of your post and romanus also that neither of you was watching the market let alone trading it.

I don't understand why you would come to a trading forum if you do not trade, we all had a chat during lunch but you two were posting during the active afternoon session.

It saddens me to see you have neither the application or the skill required to be a trader.
More...
 
Uh, guys. You haven't been jousting with Jack's windmill as long as I have. He is a humorist par excellence. His posts do not reflect the reality of his mind. He DELIBERATELY writes that way to provoke people. Gets it off with the acerbic non-debate. He LOVES to frustrate idiots who insist on attempting to dialogue with him. Look what happened to me. When I started on ET there was just one of me. Now there are nineteen! Think about it. It's WORK to write they way he does. Keep up the good work, Jack! Hope to meet you and the missus some day when I'm in Tuksan. I'll be the innocuously stupid looking new guy at the IBD meeting.
 
I answered your post? What are you even talking about? You truly are delusional!

Hey if you can't make sense of the action out there, you should move over and let the real traders trade. The market is no place for a wannabe like yourself :p
 
You exposed yourself as someone who doesn't trade and a hypocrite to boot!

Quite a job well done Trader28 :p


Quote from lagnflag:

Now you just sound like a petulant teenager because you accidently exposed yourself as a smalltime scalper.
More...
 
Quote from Trader666:

Jack, coming from you I'll take that as a compliment! Your babble reminds me of Charles Manson. Ever catch one of his parole hearings? You never answered my question on why buying the "0 to 7 turn" as outlined in your paper and coded by Spyder doesn't work... you don't know the answer, do you?
http://www.elitetrader.com/vb/showthread.php?s=&postid=1964573#post1964573
More...

Recently you posted an excerpt of some stuff from 2,000.

Why do you think I pointed out to Passant that he would have lost 22,000 dollars if he did what he did?

Well, he did what you do. He got a list. He bought some stocks. He held the stocks. He sold the stocks. He lost some money.

I pointed out that this is not a good technique for making money.

Then in my response to him I pointed out how the list wqs to be traded. In that explanation which was posted as an url, everyone who read it learned two things: how to trade it and that the list, properly traded, made money as expected. QED.

This was a mear 8 years ago. What happened with those postings of mine was that some people learned to make lists and trade the lists. This has been repeated numerous times and in numerous places.

Some people "get it"; others are like you. And now you have allowed yourself to create an imagine of me as you described.

As before, in responses to you, I have attached a system that can easily be turned into an ATS in a person's mind or as an ATS that trades automatically. You can also observe others trading PVT successfully every day in the iterative refinement thread.

If you take the time, you can read the reply to passant and you can take the time to learn to use the attachment. Your choice.

You can also review your past efforts to find out their imposing shortcomings.

Why did Passant buy the list when he saw it? Why did he hold it for a set period of time? Why did he lose 22,000? The answer is he behaved as you do.

Maria is asking a talking head if we have seen the worst yet. the guy is saying no we haven't seen the worst yet. He says something has evaporated. I am laughing.

This is two DF's chatting. "worst'!!! I suggested yesterday we were going through 12,000. Now we have had a day, as Maria says one of the worst; the price change was over 200 points.
Only a DF would have not had a great day today after it was known the market was declining.


A list is a list of stocks that is going to have a long 1/2 natural cycle.

The market tells you when the price is going to shift and you take the trade, then.

Later the market tells you when the trade long 1/2 cycle is over, you exit then.

The attachment is a way to do this. Everything was the same in 1957 and thereafter.

After a while a person gets to the limit of the system. that is, 100,000 shares. I posted one of these trades. It had a 17 point net. The print was verified by FedEx'ing it to a person being imposed upon by another person who was a little skeptical. the print did not come from me. I did not FedEx it. I did get the package mailed to me later, though and I was told that it was not copied for any reason. The validator was not a DF. He offered to any accounts who would be his client a 10% commission discount. This was before 2000.

Code up the attachment and use it on lists you are given in iterative refinement. Do not trade over 100,000 shares of any stock and enter and exit using partial fills that keep your trading blocks less than the blocks going through AND less than 10% of the day's cummulative volume.

Use a minumum of four streams of capital.
 

Attachments

Status
Not open for further replies.
Back
Top