Some further notes on the usefulness nononsense's "random non-linear chaotic strategy of the 3rd kind".
Over the years, a lot of stuff has been posted on ET about Williams, Kelly, Sharpe, you name it. Didn't Baron write recently about something like 30,000+ threads? Quite a number deal with MM. Most MM posts are done by great loser clowns (remember the 95% popular wisdom), holding up charts about ex-trader Williams' equity ups & downs. Since about 20-30 years ago, Williams apparently switched (just in time?) into the pixie-dust business as his MM clearly established that catering to this great "95%" market entails far less risk and yields an almost perfectly smooth equity curve without those ugly $1,000,000 DD rides.
nononsense, like some other brave souls, used to publish some stuff on pointing out that clowning around with little formulae about risk as applied to games of chance, copied from statistics books, might not always do much good. Being a staunch defender of mathematical rigor, I can smell from far funny recipes dispensed for the benefit of gullable simpletons, even without clowns throwing obscenities and other kind of dog dirt in their return posts. As the "95%" segment of our reading public gets very much irritated with any form of negative opinion on mathematical pixie tricks, foul smelling or not, I kind of avoid to break into such outpours of twit-advise to the those to riches aspiring 95%-ers. I now visit these MM & Trend threads for entertainment only. As nononsense, always exhorted by his love for the common good, once in a while succumbs to an irresistible itch to post, he keeps accidentally throwing in a little contribution.
Most of the MM dogmatic wisdom like only risking 2% (or is it <1% ?) of your capital and so on CAN'T TURN THE 95% LOSERS INTO WINNERS. It merely boils down to slowing your path to ruin, i.e. dragging out the period of suffering for the wretched.
If you want to get there, stop taking the MM & TREND clowns seriously. You are going to need MUCH BETTER than that. Don't play before you know what you are doing. MM ain't going to save you.
Hope this helps,
nononsense
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"I prefer leading indicators most of all."
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Quote from j0m0:
ES335, that was mean, he has the right to post whatever he thinks.
everybody has his own opinion, and its not going to be changed. that's life, my son.
Quote from ES335:
In case you missed this on the thread, opinions are like assholes, everyone's got one. I stated this earlier and never argued that your statement isn't true. But if arrogant folks like nononsense think they can get away with nonsense, they are wrong, and will be corrected, as he has on this thread.
Of course he has a right to post. He also has to fess up to the fact that people will disagree with him and will ask for evidence to support his opinions. If he doesn't want to provide evidence, he has to accept that people will discount what he says as 'just another opinion'. If he could do that, there would be no polluting this thread with arguing. But it seems Nononsense can't take the heat (disagreement) and resorts to name calling and demeaning statements like 'you need help' etc.
Let's put it more simply. You have a right to post your opinion, this is what ET is for. But if it's a sweeping statement that is controversial, don't expect people to just sit back and not exercise their right to disagree. All I am saying is that I have a right to tell you that an 'opinion' may not be worth anything if it isn't backed by evidence. That is my right. So just accept that and no one will have to use name calling, say demeaning things, or get mean to correct an arrogant bully.
Btw, given that you barely have any posts on this site, I strongly urge you not to use a condescending tone. I aint your son, got that?
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