Perfect example of why Al Brooks is impossible to follow

[dandxg]

Quote from ChkitOut:

if you are talking about a single security like an index future you will be making endless adjustments to your stops, setups, and targets.

You will find the reality is the market never allows you to profit from your 'method' for too long before the character changes and you no longer even SEE your setups for a while.

Your setups will no longer even make sense because the context will change, the volatility will change, the ranges, breakouts, trading range size, everything will change and you wont even know what is going on.

Then you will adjust and once you do, it will change again, then you will be lost again. This is the nature of the market. Get used to it.

Yes I heard from a friend that knows some top guys at JP Morgan that most trading models become extinct in about 3 weeks. And with the $$$ and firepower they have I am inclined to believe them.

 

[slugar]

By the way thanks for the advice

 

[atticus]

Quote from jnbadger:

I agree. It's like a bunch of junior high kids ripping on someone to give their own egos a boost. Pretty pathetic.

If their claims are true, that's one thing. But I also seem to remember some pretty good numbers from her on the p/l thread a few years ago, right around the time I was posting.

Anyone making these claims ready to start posting numbers again? Magician? Surf?

Start walking your talk, especially when you devote so much time to trashing others.

Another claim w/o proof. Show me one instance of any blotter she has posted.

 

[slugar]

I don't believe a method based on price action will be invalid after 3 weeks!

 

[TheMagican]

Quote from jnbadger:

I agree. It's like a bunch of junior high kids ripping on someone to give their own egos a boost. Pretty pathetic.

If their claims are true, that's one thing. But I also seem to remember some pretty good numbers from her on the p/l thread a few years ago, right around the time I was posting.

Anyone making these claims ready to start posting numbers again? Magician? Surf?

Start walking your talk, especially when you devote so much time to trashing others.

LoL..What claims??Where did you see i made any claims regarding daily performance?Are you really an idiot?

What i said was the people are liars,it can`t be done with the 2 bit garbage they use for their sim trading.I`ve been at some point in my life where those 2 jungle-bunnies are still be,though.

As to performance,if you have at least a half a mil to invest,we can discuss it.

 

[Ol' Yella]

You know, there are guys here (some who post in PnL regularly) who are never ever seen bragging or boasting about anything.

Yet the 6x daily atr types, the take a newb and have him turn 10k into a million in a year right away types, the 'I make money every single day' types, the 'I use TA so advanced no one's ever heard of it' types, the 'trading is simple' types....... Those types NEVER post PnL. No daily blotter, no monthly or yearly statements. Nada.

Interesting isnt it?

Look, I dont discount the fact that some traders want to be private. But a private trader such as that isnt going to be crowing from the rooftops with outrageous claims. These big talkers on the other hand.... they want the attention, but arent willing to show the goods to prove it. I think anyone can guess why.

 

[TheMagican]

Quote from slugar:

I don't believe a method based on price action will be invalid after 3 weeks!

Actually,it is way faster!

 

[ChkitOut]

Quote from Ol' Yella:

You know, there are guys here (some who post in PnL regularly) who are never ever seen bragging or boasting about anything.

Yet the 6x daily atr types, the take a newb and have him turn 10k into a million in a year right away types, the 'I make money every single day' types, the 'I use TA so advanced no one's ever heard of it' types, the 'trading is simple' types....... Those types NEVER post PnL. No daily blotter, no monthly or yearly statements. Nada.

Interesting isnt it?

Look, I dont discount the fact that some traders want to be private. But a private trader such as that isnt going to be crowing from the rooftops with outrageous claims. These big talkers on the other hand.... they want the attention, but arent willing to show the goods to prove it. I think anyone can guess why.

i love your 'cycle' thread from earlier, it was so spot on. everything you said was exactly how i felt. (except the feeling good about posting on the forum part) i didnt really get any good feelings from that.

 

[jnbadger]

Quote from atticus:

Another claim w/o proof. Show me one instance of any blotter she has posted.

Are you saying she never posted a blotter on the old p/l threads. She was just making it up?

 

[slugar]

Then what's your method if pa becomes invalid so fast !