Objections to SCT

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Quote from Thunderdog:

... So, based singularly on my own experience, I find it puzzling that a complicated method that takes so much time and effort to learn can truly be as profitable as presented. However, and also based singularly on my own experience, I do not find it at all surprising that some people are irresistibly drawn and attracted to complexity, depending on their stage of development. ...
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It was in a preface to "The Great Chain of Being," that I first became aware that many people are attracted to complexity and that which they can't understand. A reason may be that they mistake complexity for profundity, simply because they do not understand that what they are reading is nonsense.
 
Now I am not particularly proud of this trade. It was entered late and exited early, but no fucking way did SCT see it coming. I didn't want to trade the AM ratcheting (rat-shitting?) bear flag, so I waited patiently for the signals which triggered this trade. Times are Pacific, because as is well-known, I chart and test in PT and trade in CT to get a beneficial lead time on trades.
 

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Quote from Thunderdog:

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But that is just my own take on the matter.
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my take is it just looked complicated, one you understand it, it's pretty simple. I sometimes think darn, this is too simple, anybody with 1/2 a brain can see it.
 
Quote from nkhoi:

my take is it just looked complicated, one you understand it, it's pretty simple. I sometimes think darn, this is too simple, anybody with 1/2 a brain can see it.
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I have half a brain. Could you, would you, explain it to me like three year old.
 
Quote from Thunderdog:

Here's the thing that I cannot quite comprehend. As I understand it, it takes months of "study" and "work" to understand and employ the SCT, PVT or whatever Jack is dispensing. And, of course, without the ubiquitously referenced "paradigm shift," there can be no progress. I find the premise puzzling.

I can understand the need for a fair amount of study and work to construct a profitable trading strategy and then use it effectively. Perhaps I am slower than average, because it has taken me years of effort, money and large dollops of humility when I least expected it. And I am nowhere near as profitable as some of Jack's students claim to be. Not yet, and probably not ever. However, to require all that time and effort merely to understand a trading method that is reportedly readily available to all who want it, boggles my mind.

Here's the thing. Towards the end of the process (thus far), it has been one of simplification for me. Whereas I started years ago with a fairly simple idea, after having read more books on trading than perhaps I should have, I then began the process of complicating the method as a means of dealing with the losses that followed. What made me turn the corner from unprofitable to modestly profitable (by ET's lofty standards) was a reversion to simplicity. Perhaps not quite as simple (or should I say, not quite as simplistic) as what I had started out with, but nowhere near as complex as when I was at my most unprofitably befuddled. Essentially, after accumulating all of the nonsense that I had read about trading, the productive work was in the shedding.

So, based singularly on my own experience, I find it puzzling that a complicated method that takes so much time and effort to learn can truly be as profitable as presented. However, and also based singularly on my own experience, I do not find it at all surprising that some people are irresistibly drawn and attracted to complexity, depending on their stage of development.

But that is just my own take on the matter.
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I spent an hour articulating the pros and cons of this post and lost it when butterscotch stepped on my keyboard...lol... too bad.

I'll pass on this. It will be evident to many, I'm sure, what the consequences are of approaching SCT with this sort of orientation..

Too bad i lost it would be helpful for the book on the assessor level.
 
Quote from nkhoi:

my take is it just looked complicated, one you understand it, it's pretty simple. I sometimes think darn, this is too simple, anybody with 1/2 a brain can see it.
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Use this as a good response to thunderdog.
 
Quote from Joe Doaks:

Now I am not particularly proud of this trade. It was entered late and exited early, but no fucking way did SCT see it coming. I didn't want to trade the AM ratcheting (rat-shitting?) bear flag, so I waited patiently for the signals which triggered this trade. Times are Pacific, because as is well-known, I chart and test in PT and trade in CT to get a beneficial lead time on trades.
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LOL

For a minute I though you were posting the trade.
 
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