How many SCT trader have busted out?

Quote from trader225:

The way I see it is, sure, price moves in channels, but, gosh darnit, those channels move, too. That's why it's important to know which is the current channel. Once that is known, if price moves out of the current channel all you've got to do is find the best channel that contains the current price, remembering that we've got a lot of prospective channels and adding more as time goes on. Is that so hard?
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Price does not move in channels. Stocks (companies) dont give a whoopee about channels or people who believe in them. Prices move to constantly adjust to market expectations, etc.

For people trading them, prices move through an "infinite" space of prices, constrained by recent price level. Millions of people pull at it long and short. The market does not have channel memory. It moves to match bid and asks until it goes to the next level.
 
I havent posted in a bit on the thread b/c I am doing fine with the stuff on my own now. Two other posters that i know personally are basically in the same boat as me. They asked their ques, figured out what they needed and are now not really as involved with the thread anymore. One of them has been making 4 figs a day consistently, still with small lots (under 5). Probably has something to do with the volitility as well but he has been up 28 of the last 29 days so consistentcy is there too.

There are probably a bunch who have fizzled away b/c they werent seeing progress, but keep in mind the other side of the coin too.


Quote from trader225:

If you look at the thread, you'll see many posters no longer there.

If you look at the stats, you'll see a diminishing interest in Spydertrader's daily chart posting.

If you've tracked thread views, you may notice less interest as time goes on.

So, my question is: How many have looked at it and become discouraged?

If you consider page views vs. number of traders in the world, does that give you an indication of how well SCT is doing?

Is SCT dying? Was it stillborn?
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Quote from Steve Tvardek:

I havent posted in a bit on the thread b/c I am doing fine with the stuff on my own now. Two other posters that i know personally are basically in the same boat as me. They asked their ques, figured out what they needed and are now not really as involved with the thread anymore. One of them has been making 4 figs a day consistently, still with small lots (under 5). Probably has something to do with the volitility as well but he has been up 28 of the last 29 days so consistentcy is there too.

There are probably a bunch who have fizzled away b/c they werent seeing progress, but keep in mind the other side of the coin too.
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Just curious. What kind of average-win-to-average-loss ratio do you or the other two guys have, and what percentage of your trades are profitable? Ballpark.
 
Cant speak for the other guys' details but over the last two full weeks I've had one loss, one breakeven and the rest have been profitable trades. Two weeks ago I was 16/16, this week I was 18/20 (didnt trade Monday the 6th as I had a commitment), one being a loss (1.25pts) and one being a breakeven trade. As you know, I recently was married so I was on the honeymoon for the 2 1/2 weeks prior and didnt trade.

oh, also my style is more small ball. My trades range from .50-3.5 pts on avg. I dont hit homeruns, but a good amount of singles and doubles.


Quote from Thunderdog:

Just curious. What kind of average-win-to-average-loss ratio do you or the other two guys have, and what percentage of your trades are profitable? Ballpark.
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Thanks, I always shoot for consistency first and I dont mind seeing others catching 10pts, 15 pts etc. Thats not really my game. I am happy though that I seem to be progressing.

Quote from Thunderdog:

Those are fairly amazing stats.
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Quote from rcanfiel:

Price does not move in channels. Stocks (companies) dont give a whoopee about channels or people who believe in them. Prices move to constantly adjust to market expectations, etc.

For people trading them, prices move through an "infinite" space of prices, constrained by recent price level. Millions of people pull at it long and short. The market does not have channel memory. It moves to match bid and asks until it goes to the next level.
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There's something here.
I wonder whether anyone could find trends/channels in a sequence of random prices.
 
Quote from trader225:

No, no, no.
We don't know that Spydertrader is practicing Jack's method. Just because he names it "Jack Hershey Method," doesn't make it Jack Hershey's method.
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Regardless.. Spyder makes one damn fine cabana boy in that mankini
 
Quote from trader225:

If you look at the thread, you'll see many posters no longer there.

If you look at the stats, you'll see a diminishing interest in Spydertrader's daily chart posting.

If you've tracked thread views, you may notice less interest as time goes on.

So, my question is: How many have looked at it and become discouraged?

If you consider page views vs. number of traders in the world, does that give you an indication of how well SCT is doing?

Is SCT dying? Was it stillborn?
More...
It is meeting the same demise as SFM ?
 
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