Fair enough. As you say, you already have a system you prefer to use, and I trust you'll continue to experience success using it.
Good Trading to you.
- Spydertrader
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Objections to SCT
- Thread starter Joe Doaks
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Fair enough. As you say, you already have a system you prefer to use, and I trust you'll continue to experience success using it.
Good Trading to you.
- Spydertrader
Quote from ^^^^^^:
Hershey has demonstrated paper trading on a demo with a 15 min DELAY. yep thats a winner.
Here is another track record posted by hershey.
http://www.elitetrader.com/vb/attachment.php?s=&postid=340398
and here is the analysis showing it to be paper trading
http://www.elitetrader.com/vb/showthread.php?s=&postid=340499#post340499
Do hershey's sons or daughters trade for a living ?
Why was hershey touting a paper trading session as real ?
Quote from ^^^^^^:
Why was hershey touting a paper trading session as real ?
I take it your failure to respond with actual links to where the P & L I posted was used in conjunction with a papertrading account means you were talking out your ass with respect to the P & L I posted?
- Spydertrader
Quote from ^^^^^^:
You forgot to mention that in teaching his student he was using the IB demo account which at that time was 15 minutes delayed. He was called out on it and has never recovered from that fiasco. Hershey muttered something or other about practicing doing executions.
Quote from Spydertrader:
I take it your failure to respond with actual links to where the P & L I posted was used in conjunction with a papertrading account means you were talking out your ass with respect to the P & L I posted?
- Spydertrader
Get real. He's posted hundreds of posts I don't know where they are all located. Now, why dont you answer my questions.
PS here a link I am tracking down where hershey admits posting DEMO PRINTS.
http://www.elitetrader.com/vb/showthread.php?s=&postid=348697&highlight=practice#post348697
Quote from ^^^^^^:
Get real. He's posted hundreds of posts I don't know where they are all located.
I take it from your comments above that you did not mean to imply the P & L I posted had anything to do with a papertrading account then? Or did you mean to say, you do have the proof that the P & L to which I linked came from a demo account, but forgot where you placed it? Since a common complaint often voiced about Jack is that he fails to post in a clear and concise fashion, I can only assume you would want no ambiguity associated with your posts.
- Spydertrader
dog, don't think for one minute that hypo doesn't practice channels religiously, he is just playing the devil advocate.Quote from Thunderdog:
.., I share most of Hypostomus's concerns (objections), and the "always in" premise is not a selling feature. Sorry, but that's the best I can do with the little I know.
OMG, do you have to show them this document ?Quote from Spydertrader:
I mean no disrespect when I say this, but seriously, you have expended a huge amount of effort looking for 'the chink in the armor' which, evidently, you feel must exist. Now, I certainly don't want to give anyone the impression that I intend with this post to tell you what to do, but if you already trade profitably, why spend any time investigating something else? If you don't enjoy profits from your trading, why not read one document to see if you can find something of value? Start with this. Maybe it helps you, Maybe it doesn't. At least, you'll spend your time more efficiently toward the one goal we all have in common - making money.
With respect to your 'Objection' as outlined above, clearly, if everyone on the planet all began trading the same exact way, certainly the system could experience a breakdown or two. However, a tiny subset of the trading world (ET Membership) cannot agree on what makes up a trend (or even if trends exist). In such an environment (and considering the methods work across all markets), I do not have individual (or collective) liquidity concerns. Should liquidity (collective or otherwise) ever become a concern, I can always switch time frames or switch markets. After all, switching markets is exactly what I did (but not for liquidity reasons) when I moved from Equities to Futures.
Lastly, how does one develop 'objections' to a concept before one has fully understood the concept itself?
Good Trading to you all.
- Spydertrader
If they read it, they might start practicing SCT behind our back !
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