Market chop... buy the bottom of the range, sell top of range. Nothing other until range breaks.

[destriero]

And how do you evaluate what is logical? We have some members here who claim to do well with Astrology or the Jack Hershey method, which to me seem like crap, but if they can show their trades and prove that their approach has an edge, I'm open to listen.

If you find something logical, you are already using your own framework for evaluation. My framework begins with seeing the trades that a person or system takes.

You bring nothing to the table. No trades, no value add.

And before you start slinging sht -- at least M.W. offers some competency. You're on every thread with stream of consciousness BS. Like @TheDawn with an additional neuron.

Suppose you could, hypothetically, have traded this arb to the limits of the existing float. You'd have earned 2X the current market cap of AMC:

https://www.elitetrader.com/et/threads/ape-and-amc-conversion.375824/page-2#post-5851891

We've yet to see one of your trades, but I am sure it will be logical.

 

[M.W.]

I always always start with a logic filter and yes thats highly subjective. Even if someone shows me they successfully spreaded buttermilk futures against uranium for years won't even get me in the slightest interested, simple because there is no coherent argument why this makes logical sense. The law of probabilities dictate that even the most insane approach will make money for some time. And that "sometime" probabilistically may last for longer than I wish for. Does not mean, however, that it is worthy of replication. To me, something always has to make sense of how the world should work from my own perspective first. Obviously, this mindset should highly correlate with age and self-perceived wisdom. If I was 18 and knew nothing about how life works then I should not rely on my own (still under developed) judgment skills. But that's not my self-perceived case here.

And how do you evaluate what is logical? We have some members here who claim to do well with Astrology or the Jack Hershey method, which to me seem like crap, but if they can show their trades and prove that their approach has an edge, I'm open to listen.

If you find something logical, you are already using your own framework for evaluation. My framework begins with seeing the trades that a person or system takes.

 

[NoahA]

You bring nothing to the table. No trades, no value add.

I must have done something right to inspire you to waste your time replying to me!

I don't make any claims about my trading, nor am I trying to teach. There is no value to add from my trading thus far, unless of course you want to learn from everything I'm doing wrong.

Suppose you could, hypothetically, have traded this arb to the limits of the existing float. You'd have earned 2X the current market cap of AMC:

Your trading is high level and not something I understand. Hence, there is no value add for me.

 

[NoahA]

The law of probabilities dictate that even the most insane approach will make money for some time. And that "sometime" probabilistically may last for longer than I wish for.

Exactly right, and hence why its even more important to have enough data to evaluate something.

Now I'm not saying that buying the bottom and selling the top of a range is a bad strategy, but to make is profitable will require lots of nuances. By showing trades taken, a person can show these nuances in action. On its own, its not any more useful than saying buy low and sell high.

If Scat doesn't want to share specifics, hey, no problem. But you can't really claim to want to help people if all you do is give the most general piece of advice and send them off to trade. Its like telling a young person to stay in school if they want to be successful. Yes, it helps, but it also isn't necessary, and lots of people with degrees end up homeless. So that piece of advice, on its own, is next to useless.

 

[speedo]

Dest and M.W. showing some mutual respect after their knife fight in a phone booth...nice to see

 

[MACD]

Virtual Private Server, Click Optimization and Back Test,

Which VPS are you using and ehat does it cost?

 

[themickey]

....If Scat doesn't want to share specifics, hey, no problem. But you can't really claim to want to help people if all you do is give the most general piece of advice and send them off to trade. Its like telling a young person to stay in school if they want to be successful.

The thing with trading, what its good at is stimulating the brain to work a little extra hard.
You'll possibly notice that many of the more mature traders seldom give detailed trading advice, there are exceptions, but it's rare.
Take Dest for example, he apparently is extremely clever with options, but he is guarded and cryptic in giving any lengthy trading advice freely on ET.
Same with Scat, he probably is a very seasoned trader, but he's only feeding out morsels.
Its up to the individual to read between the lines, ie, make the subject matter a launch pad to begin their own deeper research.
Why would a mature trader who may have spent years researching and found solutions then just pass that info to the public free of charge, there is no reward in that.
So in brief, ET discussions normally don't delve deeply in technical holy grail detail but they do hopefully get one to think that this is a good idea to dive in deeper in private.

 

[NoahA]

You'll possibly notice that many of the more mature traders seldom give detailed trading advice,

And how many are profitable? Hershey probably died very poor... no matter how "mature" of a trader he was.

Take Dest for example, he apparently is extremely clever with options, but he is guarded and cryptic in giving any lengthy trading advice freely on ET.

Dest does give lots of advice, and has produced lots of PnL screenshots. It would be difficult to think he doesn't trade and doesn't make a killing. But what I didn't like was that he only ever posts winning days. If he is up 2-5% on his account one day, but only posts once a week, what does the rest of the week look like? There is a huge hole here. Its clear he has losing days, so it would be nice to know what those look like so we can put his wins into perspective. But overall, he is clearly killing.

Why would a mature trader who may have spent years researching and found solutions then just pass that info to the public free of charge, there is no reward in that.

You're telling me that sharing a chart with trades one day will give away any edge? As Hilmy pointed out, according to Scat's range outline, he should have taken a long at the range low which clearly broke. So there is a losing trade.

Here is the chart he posted. I believe the area marked at 1 is just the first double bottom, so you can really call it a range yet until after it bounces. When it comes down to 2, ok, now you can take the long and call it range behaviour. But it clearly breaks at 3. He is showed how me played it, and if he got stopped out, and perhaps reversed or whatever, it would be way more informative than just saying trade range behavior.

So in brief, ET discussions normally don't delve deeply in technical holy grail detail but they do hopefully get one to think that this is a good idea to dive in deeper in private.

Its once again not a holy grail to share your PnL for the week, wins and losses, or share a chart, or make some live calls.

But hey, everyone is entitled to share what they want. But the idea that this is in any way useful is beyond absurd.

 

[VSTscalper]

If anyone wants to come into a Zoom Room - I will let you watch my Algos - in Real Time - until the Market closes today.

If you have a Headset_Mic - combo - we can all talk.

https://us06web.zoom.us/j/87087498607?pwd=d9t5aWLYgZSdac5AVva6CFfLXP7E9B.1

 

[schizo]

You apparently don't get the point at all.

When I post support/recently plays like recently... the importance is NOT "here's a trade in hindsight", but rather "similar technical setup trades occur often and usually work out the same". So.. one can learn what they are and watch for when they occur again. I've recently shown examples of "matched low support" and "trendline support/resistance". I've shown them working just as they usually do. They work out the way shown often enough with a favorable R:R such that players SHOULD be taking those trades.

BTW... NOBODY knows "what's going to happen going forward*" in any but the smallest sense.

*Interestingly... Price TA is one approach that shows "what's going to happen going forward"... that is, "after ____(setup), usually comes _____ (up or down)"... at least for a bit. Successful setups show the START of something, which apparently isn't enough for most traders... but unfortunately that's the best you're going to get.

I notice you like quoting platitudes. Anyway, I won't pursue this matter any further, but if your interest in sharing your wisdom with other traders is genuine, you really need to change your approach. It feels either frustrating (for the noob traders) or downright condescending (for the advanced traders).