Good Policy

Status
Not open for further replies.
Quote from bi9foot:

Jack...I get the feeling that your wish to spread wealth is going to be a reality as folks pay it forward.
Just to be clear. At least insofar as futures trading is concerned, Jack is not even theoretically spreading wealth. He is at best endeavoring to redistribute it. In futures trading, wealth is not created. It is transferred.
 
Quote from wareco:
Here is the last time that Jack aka Bubba7, aka Grob109 said he was leaving ET. Four years later he's still here.

http://elitetrader.com/vb/showthread.php?s=&postid=314123&highlight=knew#post314123
So far as I recall there was a more recent time when he was supposed to have gone for good but he popped back up again. From his fixed viewpoint his debate with others about micro-trading is and was very interesting but it has been pretty much thrashed to death within its own limitations.
 
Quote from Thunderdog:

Just to be clear. At least insofar as futures trading is concerned, Jack is not even theoretically spreading wealth. He is at best endeavoring to redistribute it. In futures trading, wealth is not created. It is transferred.

What I meant by 'spreading' is him providing the knowledge for more people to extract the money that is available.

Futures, equities doesn't matter, any profit one makes is always coming from someone else. By passing it on, more people become skilled to be able grab a portion of what is out there.
 
Quote from Thunderdog:

What do you find so noble about essentially taking from Peter to give to Paul (or teaching Paul to take from Peter)? I wonder what Peter would have to say about that "paying forward." I think it's fine to teach someone to trade, but let's not get carried away by wrapping it in too much righteousness.

It was you that brought up righteousness it wasn't me. Don't fool your self with ethical issues... we are all traders (at least I think you are since you spend time on this board) with one goal - to bank the most amount of money possible every day. The way one achieves that goal is by improving and getting better every day.

What Jack and spyder have done is something no other trader has done. Freely teaching anybody that is interested in learning the methodology. The only request Jack had was that one teaches the method to others in return.

Have I gotten better after learning from Jack and Spyder? Absolutely and the scary part (for people on the other side)... getting better every day. I used to be a strictly equities guy never looked at futures before. Now I do both and my daily take home amount has no limits. My wife who has NEVER traded before the beginning of this year regularly pulls in 10% every few days (see Spyder's comment to me on July 10 chat log :cool: ).

So what both of them have done is increase my wealth potential beyond what I had ever imagined and for that I am very thankful for their generosity.

Do I plan to pay it forward? Hell yeah and it will be a pleasure to do it. :D
 
Quote from bi9foot:

...My wife who has NEVER traded before the beginning of this year regularly pulls in 10% every few days...
Of course she does. Doesn't everyone?
 
Thanks Jack for all your help. Perhaps those of us that were helped by your posts have been too quiet.

When you land somewhere else, I hope "someone" will let me know where it is, for my Jack/Spyder journey is not yet complete...

Personally I hope you stay, for Baron needs to solve the problem he has with ip masking problem posters anyway.
 
Quote from jack hershey:

I thought about the situation and I think I can make a payback to ET for the opportunity I have had here.

Times do change as is stated.

I want to thank nokhoi for inviting me here It was a good idea in those days.

Spyder has been paying it forward here for years now. There is no way to express my appreciation for his accomplishing all the things he has for the benefit of others and for so long.

I believe my presence here is outweighed by the trouble it causes Baron Robertson and his business pursuits.

My thanks to all the people who engaged with me on their pursuits and my pool extraction interests as depicted by the PVT, Sector Rotation and SCT.

I'm shutting down my membership in ET now.



I am very sorry to hear that. The impact that your postings have on my view of the markets and trading is enormous. You are also a very good person. I am very grateful for having a privilege to learn from you.

Roman
 
It's a shame that aggressive mediocrity could determine you or any other generous contributors to leave. I hope you'll reconsider, and continue your great work. Just ignore those rude and ignorant. They're all over the place. You can't enlighten them, you can't educate them, you can't pull them out of their holes. That's their punishment: to be them.
Quote from jack hershey:

I thought about the situation and I think I can make a payback to ET for the opportunity I have had here.

Times do change as is stated.

I want to thank nokhoi for inviting me here It was a good idea in those days.

Spyder has been paying it forward here for years now. There is no way to express my appreciation for his accomplishing all the things he has for the benefit of others and for so long.

I believe my presence here is outweighed by the trouble it causes Baron Robertson and his business pursuits.

My thanks to all the people who engaged with me on their pursuits and my pool extraction interests as depicted by the PVT, Sector Rotation and SCT.

I'm shutting down my membership in ET now.
 
Status
Not open for further replies.
Back
Top