Quote from Whisky:
I must say that it is, at least, interesting to watch the ebb and flow of emotions over many issues in this thread right here. Not only this last issue, but many others.
AMT came here, made great real time calls, for all to observe. I myself became intrigued with his method and tools, due precisely to the accuracy of his real time calls and, of course the high % of his methods mainly due to a combination of money management, position management, CD "flow transitions", divergences, etc, etc. Which are all explained for free in this thread, and which he took pains to explain, even to impolite, sarcastic (cynic?) questioners lik me. He responded politely, and imho to the best of his ability to respond. It's all there, for the record.
I pointed out very early that the method as presented was only viable for very deep pocketed accounts, due to the form of the money mangement, etc. AMT accepted this and put it in print for the record. I also noticed during the trip that the method has also many, many, many subjective elements to it, that cannot be coded or defined objectively, even though he says the method is 95% objective and 5% subjective. We never ever got to discuss that part.
The method, as presented, is also apparently prone and exposed to drawdowns to, at least, a big portion of the open profits in a swing position, to a large degree.
All of this is no mistery for anyone that actually did the minimum study to actually understand the method, and perhaps dig something of value for use in their trading.
I'm now convinced that all the profitablility of the method, as presented, is concentrated on the subjective element, that only comes with a lot of screen time and experience, and probably only AMT can extract fully.
I also know of at least 1 person that has extracted something of use in his trading. Time will tell if he is able to convert to $ this new found knowledge.
I have the same appreciation for AMT that the one I had before he started his subscriber business (for all we know, it could be a friend's business that he is helping out with content or whatever, as a real deep pocketed trader does not have any need to sell services).
He was the same guy before he started selling subscriptions (very affordable, I might add) and now.
BUT NOW...he has turned into a "scumbag vendor", etc, etc, etc.???...and is getting "attacked" by many of the same "followers" that were praising him before??
It seems the herd insctinct is alive and well...
Sadly all threads suffer from deterioration here in ET. And I myself, may have had a part in the deterioration of this one (or at least the people trying to lynch me thought so). Accept this as part of life: You'll have to dig through a lot of shit to get to the diamonds, and sometimes there are no diamonds.
Good luck to AMT, his paid subscription business, etc, and thanks for presenting his ideas (right or wrong) for discussion and questioning.
As for Ken: He probably got dropped ten times a day when he was a toddler, and that's where he gets his 10 points per day mantra from. I hope he finds a mental institution suited to his needs for attention, and with an adequate toilet for him to "trade" from.
JW
