Quote from eto:
for Items 2 â 5
Jack, after reading that post, Iâm seeing why you get more than your share of DSM, âalmost DSMâ, and âstreet DSMâ labels and attributions.
Some of your comments about me are uncannily accurate. Unfortunately, far too many are way, hopelessly, way off the mark. We can be at least be grateful for all that you were able to forgiveâ¦For curiosity mostly, many of the words and phrases I used were intentionally (and Art fully 5âs ) phase shifted in character and personality from me, so your reactions to some could be quite telling about which depths are really being fathomed â not that it matters.
One possible lesson for all of us -We can use the internet to personally triumph over projection.
Anyways, thank you for the fairly long posts you wrote for the thread.
However, Iâm still thinking itâs possible you could have used the same time, energy, and ~ word count to write for us a plain english introduction to your body of work instead of discussing yet another âmental caseâ and its relation to the paradigmâ¦
Whew. Feels good to be back in full compliance with ET Rule #1
re Item 1
OK I will pass it forward by writing/publishing my own Hershey for PolokArtists. Due to the increased writing load cutting into my reading and lookup time, I will be initially using my own âartificial grammarâ for the terms and acronyms of SCT. However, I will try to use quotes from the reams of posts herein and elsewhere - hopefully, with proper credits given. Hopefully it will not take too long to develop â but I trade intraday and find it best to generally keep my total worldwideweb post count under 200 per year⦠so the pace may be far too slow for some.
More hopefullyâs ( not that it matters)
Hopefully, it will help many⦠but if it just helps one trader âtransferâ (or even just âtranslateâ) that will be good enough for me.
Hopefully, it will be accurate and not misleading to anyone or inadvertently diminish or bring any discredit to the paradigm.
Hopefully, I will not have to request any corrections from anyone re the essence.
Hopefully, some who apply the paradigm but donât do âchit chatâ will become aware of the thread and contribute as the original question is still in place.
Hopefully, I will be able to keep it short and sweet â but at this time canât pre â place any size limits on it. Most likely my posts to the thread will be redundant and consist of a lot of re-writes, especially at the beginning.
Hopefully, once it becomes âmedical modelâ passing forward I will stop
(⦠todayâs medical model is just not Aesclepian enough for me â not that it matters.)
Writing this up is fairly complete. I squashed it down to 5 multimedia segments. I found that getting 50 years input from others was the most exciting thing of all.
Elsewhere there is a dialogue among users and non users and its focus may be coming around to the design and development of models. Figuring the model out for the trader was the most interesting.
As always man's progress often comes from the tools he creates to extend his reach in problem solving. A written document rarely becomes a useful tool. Over 50 years of being a published author has taught me that. The cookbook is probably the most useful format. The dummy orientation to a cookbook is very practical.
Bergman, with respect to statistical mechanics and all his other courses would not accept papers from individuals. He insisted on a more human process which he specified. He got results in transference which, in turn, laid the foundations for moving forward.
The markets represent the neatest construct of all since they are so enabling by the utility of their output, the market's continuing offer.
So the tool had to be extraction and its user had to have two things: effectiveness (from his "equipment') and efficiency (from his extractive "plug in" to the market). So that is two of the five books and multi media films.
Designing the symbols for communicating to the "audience" became a terrific experience. I especially liked how we were told to determine the "audience". The university disciplines and the traffic through them are intersting to consider. My alma mater started a discipline with guinea pigs when I was there (I did it) and now it is the second major of 62% of attendees. When I went to school having two majors or minors was unusal.
We are able to have 4 out of 5 reject our model out of hand. I believe this is because of their choices regarding pool extraction which is foreign and that learning is a process. Process means there is an order of considerations that optimize getting equipped. Getting equipped is not a priority for most. What is a priiority is trading to make money (being "efficient" as I put it). There is a P&L thread that is devoted to what "efficiency" means to the public.
Elsewhere there is a piece of observation that some aspects of this may not be public. The observer has an ordinary perception of the process of creation and he can only see so far along this path. Because he is unfamiliar with what happened after where he sits now, he has a simplist partial picture.
It is hard to imagine the change in the general setting of the financial industry over the last half century. If a person examines "pool extraction" in the setting of participating in the structure of the financial business, it has always been way outside of what is deemed possible.
Say you want to write something up and it happens it has been going on for four generations in the same way. Plain English would be your tool of choice. The cast of characters has always been the same; different people step in to play the roles as aging occurs.
No one in the financial industry has focused on taking the market's offer. This can't be true, because there were so many people and the spectrum has always been so wide. But, as you can see, no one did it. You spoke of 1500% a year from a black box. Small box, apparently.
Why didn't people tool up to take the market's offer. It goe to the consideration of university disciplines and how an "audience" comes into being for "tooling". People have not focussed on "extracting the offer" because it did not occur to them.
What is it like to do this for 50 plus years in the various settings of the decades? Unusual. Like you are limited to 200 posts a year for some personal reasons. Maybe you do not write runon copy as I do. I guess pool extraction turned out like driving a car. Just going down the trading road taking the market's offer regardless of the way in which you connected to the market and the people involved.
I would never appear in anyone's offices for years and years. I would only phone and use the mail. Piles and piles of mail. My most recent appearances were through the research door and by almost sneaking through a couple of corridors to sit in my broker's cubical. Chicken dinners were not my thing either.
The flavor of ET as you see it is foreign to me. The breadth of ET is what it is and a lot of orientations are espoused. If one examines people from their "equipment" and their "plug in's", there is a big puddle most people sit in. If the place were divided into regions, the dividers would be one way glass/mirrors where most people near the center would look out at mirrors.
Why can't people see the users, spyder or me? Simply because they do not have the pool extraction "equipment" or "plug in's". You are gong to quote up a plain English version of what these people (non users) can't see when you spend the time doing a work around process that substitutes for learning to get "equipped" and to have a trading "plug in" become operational.
Read the Prentice Hall edited Preface of the expanded edition of "Trend Following". Prentic Hall publishes books for people in the financial industry. Covel spend eight years on a hazardous journey. He filled a void, he says. The filled void was to put in place "the best strategy to consistently make money". The editors at Prentice Hall sent this camara ready copy to the presses at some point and it was shipped to books stores, etc.. People picked up the book took it to a cashier and paid money for the book.
This guy walked around in the puddle for quite a while seeing his and their faces in the mirrors making up the compartments. Hite wrote the Foreword; he averages less that your 1500 percent a year (20% is quoted). The foreword starts with the plain English quote of Genral George S. Patton, Jr.: "No good decision was ever made sitting in a swivel chair".
Pool extraction fills no voids nor does PVT, SCT or SSR; all they do is take the market's offer effectively and efficiently (via the differentiated trader) in any market on any fractal given sufficient market liquidity.
The self selecting nature of the "audience" is and was a nice occurence.
I attached a seminal logic diagram that explains how "perception" occurs and the role being differentiated plays. Many people have translated the information available. As you see it does not lead, in any way to attaining the inference portion of perception. These people still continue to use their original inference to cut and paste their translation.
We do recommend swivel chairs and, further we recommend an array of screens in a specific arc and relationship. Some people will interpret this as adding spin to our approach; it is.
