Quote from Spydertrader:
Avi-8 provided his opinion on a specific event. Others also attended, and I can only assume, they plan to post their opinions as well. Should anyone choose to diminish the influence today's event had on the participants, I can only say, "Good Luck with that."
Since you find the rendition neither unique nor forcing, I'm confident your P & L reflects the same opinion.
To be clear, this post isn't my attempt to 'stick up' for someone. Avi-8's a big boy and can take care of himself. However, having watched the eyes of those who attended, their facial expressions painted an entirely different picture than the one you describe.
One thing for sure, everyone thought they knew this stuff well (and I have no doubt you fall into this catagory as well). However, after a few minutes listening, I could see everyone now knows just how far they have yet to travel on this journey.
Good Trading to you.
- Spydertrader
The avi8 rendition of things which I was referring to had absolutely nothing to do with his post concerning the goings on at the Traders' Expo. Zero, zip, nada. If because my post followed his post on the Traders' Expo confusion was generated, please accept my apologies. I was responding to his post immediately prior to the one Spyder refers to and thought that because I quoted it, that that fact was clear. So much for clarity.
How well I understand the huge amount of material that has been presented by all posters concerning JHT, beginning with JH himself back in the early part of 2003, is something I ask myself each day. I believe I understand the majority of what has been said and when I find something that I don't comprehend, I ask a question about it. If someone chooses not to respond to my question, so be it. There are a multiplicity of reasons why they would elect to do so and I'm not going to waste their time or mine trying to find out which one it is.
To my mind iteration involves the introduction of new ideas based on consideration of what is presented as dogma. Iteration can take many forms and what one person considers to be iteration may be different from what another does. The point would seem to be - what's new? We each must answer that question for ourselves and try not to bludgeon each other with the results of our deliberation.
So that moves us to the penultimate point of this Sunday morning's homily which is the putting of JHT, and all that it entails, into practice. Oh, yah and maybe's that's what Spyder has been iterating? But maybe not. IMO, there are all sorts of ways that one can learn how to do this - the theory into practice thing. For JH it is at the least, the log, annotation and NLP. For ST (and others) it is at the least, annotation and NLP. My approach is more eclectic (some would say scattered) - a little bit o' this and that.
Finally, this is the second time in recent times that, IMO, Spyder has referred to my P/L as being the arbiter of the utility of my rendition of JHT and of course he is spot on. The beauty of being a trader is that each day you have the opportunity to test your mettle and the utility of your trading method, in the market. As opposed to academic clap-trap which purports to prove this or that "Theory of the Markets" without stepping inside the market, if the trader ain't doin' it right (= making a consistent profit) the trader will be crushed and rather mercilessly. After a hiatus of several months, I returned to active (= real$) trading last Thursday and ended the day with a loss (-2.25 points + costs). The main reason for the showing - vestiges of the edge mentality remained in Trade 1. It's a tough Jones to shake off, but Trade 2 showed an improvement. Oh goodee.
And no I won't be posting the trades or a record of my P/L here but if I am ground to fine dust, at the end of this year I will post somewhere a statement to that effect. Until that time I bid all of you thread denizens a fond adieu and as Spyder says,
Good Trading to You All,
lj
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