hmm.no edges in the markets

Quote from Magna:

Appreciate you guys wanting to "run" with Jack's claims... but back to trading we shall go.


Well, we all like Jack, he strays off the reservation now and then like the rest of us but completely harmless.

Marketsurfer is the pest, who else destroys well intentioned threads if even an inkling about technical analyses?

I am not bothered by him personally but I do see where he could be more useful aside from adding to posts in a TRADING FORUM where in 9 out of 10 cases the individuals win or lose by charts.

YA-THINK?

For surf: http://dictionary.reference.com/browse/analyses?s=t
 
Quote from jsp326:

But here's the key computation...and it may take a mind as big as Jack's to figure it out.

3 X ATR of upside * 100 contracts, every day for years on end

Yet he can't take care of a measly $82K tax lien?

jsp:

The key computation is: where did the tax problem come from?

the IRS, as does the SEC, continually sweep information sourses to figure things out.

My longest questionaire from the IRS was 44 pages. It was produced after 1 year of study. It came from a prior response I gave within the two weeks alotted to answer their prior questionaire.

In fact, I am taking cae of business. When someone makes a mistake they get to deal with it.

At this point the IRS congressional liason has made it his business to find out what is wrong in the IRS. He and his crew have not gotten down to the root of things in a small matter of years.

One of aspects of the lien is the error of filing in a place where I did not live.

Your comments are cool; there is a lot of entertainment in ET. Many people who read your posts, including me, have you to thank for some entertainment.
 
Quote from Tonkadad:

http://globalleadnet.com/143/the-secret-history-of-lead-ethanol-on-the-march

In October 1921, less than two months before he hatched leaded gasoline, Thomas Midgley drove a high-compression-engined car from Dayton to a meeting of the Society of Automotive Engineers in Indianapolis, using a gasoline-ethanol blended fuel containing 30 percent alcohol. “Alcohol,” he told the assembled engineers, “has tremendous advantages and minor disadvantages.” The benefits included “clean burning and freedom from any carbon deposit…[and] tremendously high compression under which alcohol will operate without knocking…. Because of the possible high compression, the available horsepower is much greater with alcohol than with gasoline.”

After four years’ study, GM researchers had proved it: Ethanol was the additive of choice. Their estimation would be confirmed by others. In the thirties, after leaded gasoline was introduced to the United States but before it dominated in Europe, two successful English brands of gas—Cleveland Discoll and Kool Motor—contained 30 percent and 16 percent alcohol, respectively. As it happened, Cleveland Discoll was part-owned by Ethyl’s half-owner, Standard Oil of New Jersey (Kool Motor was owned by the US oil company Cities Service, today Citgo). While their US colleagues were slandering alcohol fuels before Congressional committees in the thirties, Standard Oil’s men in England would claim, in advertising pamphlets, that ethanol-laced, lead-free petrol offered “the most perfect motor fuel the world has ever known,” providing “extra power, extra economy, and extra efficiency.”

Wow! Your prenatal powers are amazing, maybe you ought to give some props to your Mom.

Times change.

So the the respective enconometrics.

Oil companies have as one of their goals to make money.

agriculture does too.

Unfortunately agriculture did not have a spoksman until I went to Iowa on behalf of the EOP (the President). While there I was ask to attend a small meeting in the basement conference room of the state fair grounds.

i was outflankedby some small farmers.

the meeting was moved since the state troupers conducting traffic for those with whom I was to meet, suggested that it looked like about 3,00 people were going to show by meeting time.

More than that did show.

I was introduced by the Deputy Secretary of Energy (who was in on the deal to circumvent the oil companies).

I listened and I wrote the paper to get the decision to fuck the oil companies and thier lobbists.

I showed econometrically that farmers producing fuel stablized the farm economy and the US economy as well.


The chief asset of fuel production was the protien pulled out of the production loop (where the feedback of energy via water was anopther plus).

DDG replaced the cash crop of the Amish as an induced econometric plus. the Amish produced allegenic free beef (pre sold before inspection and ditribution)

Putting an oxegenated additive into lower octane gasoline has always been a solution as you point out in support of my later efforts for the EOP and agriculture. It also halped fuck the grip the oil companies had on Congress by circomventing the Congressional processes.

currently 77 percent of the American public feels congress id fucking up.

I was a mistake that arrived in the Great Depression. I worked my way through college and saved money by only eating two meals a day for those 6 years of study. As I matured, opportunities came my way. I have only worked at places that recruited me to solve problems.

Read the "STG speech" given by the DOE Secretary at that time. I worte it and rehearsed him to get one question on the table.

Pretend you are an oil company CEO sitting in a chair in a room at the WH. think of what, when you raise your hand, is the Q you are going to ask.

When you get the answer the next thing you do is move on to sign the papers to provide your cooperation to the EOP.

Thank you for your contribution to this thread. you are driving with unleaded gas and if you're intelligent you are using an ethanol additive provided by farmers.
 
Jack just lost one of his long posts which included multiple attacks on another poster. He needs these reminders because either he's just forgetful... or he intentionally ignores them. Regardless, this is from the "I am getting my butt handed to me on a daily basis!" thread...

Quote from Magna:

Jack, keep it on TRADING. If I see you veer off one more time on any thread with personal attacks like this nonsense your entire posts will be removed. Not just one or two lines edited but the whole thing... gone. So keep the personal commentary to yourself and stick with trading. Thanks.
 
Quote from wrbtrader:

My opinion is only based upon the prop traders I know. They said about 83% of them wash out within a year. I don't know if that's high or low for these particular prop firms but I do remember a trader documentary (London) that was very popular on TV via their ongoing episodes. At the end of the documentary, the owners retain 2 of the 14 traders. Others quit from the stress, blew up or just couldn't adhere to the firms trading rules.

Regardless, the average profitable prop traders that do make it are making much more profits than the average profitable retail traders for obvious reasons. For example, retail traders often trade without a trading plan, under-capitalized, lack proper equipment, lack of liquidity rebates, higher transaction fees, treat trading like a hobby, nobody looking over their shoulders to ensure they follow any designated money management system and they often do not have decent collaboration.

These reasons alone represents why retail traders wash out at a higher % rate than prop traders without any input from a trade method. Another way to look at it, most retail traders are losing prior to using their trade methods and prior to their first trade.

Further, don't believe those that lack integrity when they tell you that retail traders wash out higher because of their trade methods. Those folks running around ET doing such are just ignorant and intentionally post misinformation in their attacks.

The fact is that most retail traders have a poor business model in comparison to prop firm traders.

P.S. The profitable prop traders I know had been in prior profitable retail traders or had lost their job as a trader at an institutional firm.

83% based on how many traders ?
 
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