Objections to SCT

slacker · Mar 24, 2007

Quote from Spydertrader:

Except the 'Hershey Group' didn't change this discussion. You'll note the discussion regarding the 24% loss had to do with equities. Now, who brought that to the discussion? Jack? The "Hershey Group?"or someone who attempted to make Jack look foolish?

Nothing like ignoring facts placed right in front of your face.

- Spydertrader

Hold on Spyder, look at the title of the thread, "Objections to SCT". I have seen no link between SCT and equities in a Hershey post. Nothing like ignoring facts indeed.

But, since you are here why not address the question in the post. If SCT works why do you not use it in equities?

Spydertrader · Mar 24, 2007

Quote from slacker:

Hold on Spyder, look at the title of the thread, "Objections to SCT". I have seen no link between SCT and equities in a Hershey post. Nothing like ignoring facts indeed.

Then why have you not stepped forward and admonished those who introduced the 24% loss (which specifically resulted from trading equities ) that the thread pertains exclusively to SCT? You claimed that 'The Hershey' Group holds responsibility for sending these discussions off toward equities. In this thread they did not - a fact you continue to ignore.

- Spydertrader

trader225 · Mar 24, 2007

Quote from jem:

In short - jack refuses to prove he can trade profitably.

Instead of a realtime P&L - this is what Jack offers as proof --

"a thridr party "proof" was done once and the broker who was the third party offered anyone trading my apporach a 10% discount. that ws funny like this thread is funny and humorous."

Jack's proof is that he found a crack dealer willing to offer discounts to pools of new people who just purchased crack pipes (designed by Jack).

Hopefully, none of us is so naive to think that brokers are philanthropists.
Damning evidence, indeed.

Steve Tvardek · Mar 24, 2007

The BS just keeps oozing from your posts

PS English is not your native language? It seems your english keeps getting better and better as the day wears on.

Quote from trader225:

Yes, anarchy works too.
That is why my head trader shouts, "Shake 'em out," whenever he hears of Hershy traders.
And with 6 MMM (that's 6 billion US) intraday capital, you should see the havoc we wreak on
traders of all sorts.

Steve Tvardek · Mar 24, 2007

Your english seems just fine, you are a FAST learner

Quote from trader225:

Comrades, perhaps before dialectics,
which is argumentative in a subtle way,
and which could take an eternity to finish,
we could begin with some practical advice
for our small-lot, under capitalized traders.

The key, as Jack says, is look to the left.
What does that mean to the practical trader?
It means, at the minimum, that you know where support
and resistance are on today's chart and yesterday's chart!
That will get you a long way, and knowing the weekly and daily
trends, too, will help you make decisions. Will you always win?
No, but armed with a little knowledge and a little discretion,
as well as the willingness to take a loss -- but not so large a loss
that you won't be able to trade another day -- you may make some money
in this game.

trader225 · Mar 24, 2007

Quote from Steve Tvardek:

Your english seems just fine, you are a FAST learner

Yes, did you notice how fast we learned capitalism, too? Overnight, as though it was second nature.

Thunderdog · Mar 24, 2007

Quote from Harold Balls:

Of course, you buffoon. NO ONE gets every trade right. HOWEVER, when you know how to exit (and reverse) before the market moves against you...

...then you are effectively always right.

Spydertrader · Mar 24, 2007

Quote from Thunderdog:

...then you are effectively always right.

And it is this statement, where everyone seems to get their panties in a bunch because everyone knows such a thing cannot be possible, right?

- Spydertrader

trader225 · Mar 24, 2007

lol: some self-proclaimed "pompous blowhard" posted that living in your girlfriend's house is like trading in your mom's basement. I was about to ask whether he spoke from experience, but pfft! the post was gone.

Hey! Why not? If you're making money, she'd probably give you more room.

Thunderdog · Mar 24, 2007

Quote from Spydertrader:

And it is this statement, where everyone seems to get their panties in a bunch because everyone knows such a thing cannot be possible, right?

- Spydertrader

Yes. The notion of making numerous trades a day and not having a single loss is as real to me as levitation through meditation. I don't care who says otherwise, I will continue to disbelieve it until I see it. Unless, of course, we are interpreting the word "loss" differently.