Perfection! Making You Think and Go . . . Huh!

Quote from ProfLogic:

Wow, I will respond . . .
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I thought this thread collapsed under the weight of ProfLogic's own non sequitur. But I did enjoy reading some of the most recent responses and comments (from Grob, darkhorse, etc).

Now, ProfLogic, as a simple trader (close-minded, you might say), I have a modest proposal for you, although I hesitate to utter it since it makes some people uncomfortable. But I suppose that, since you have an overwhelming desire to be regarded as THE trader in this community who has truly mastered the art of trading to perfection ("Prove me wrong!" you challenged), you will overcome your initial concern.

Since on one here has so far "proved" you wrong, why don't you take it upon yourself and prove yourself right to us by your real trading decisions--open a "show-us" trading account, fund it with enough for your favorate market, and post your trading record on ET (hey, even TraderBrad did that on his website). With your masterful ability to see the perfect oscillation point of market movement, you shouldn't have any difficulty to demonstrate your trading result, in one month's time, as far superior to the 60/40 win/loss ratio which you so scornfully laughed at.

Once you have done that, you will silence all of us and find many kneeling in awe in your temple.

Prove you are right.

Please!?
 
Quote from taigong:

I thought this thread collapsed under the weight of ProfLogic's own non sequitur. But I did enjoy reading some of the most recent responses and comments (from Grob, darkhorse, etc).

Now, ProfLogic, as a simple trader (close-minded, you might say), I have a modest proposal for you, although I hesitate to utter it since it makes some people uncomfortable. But I suppose that, since you have an overwhelming desire to be regarded as THE trader in this community who has truly mastered the art of trading to perfection ("Prove me wrong!" you challenged), you will overcome your initial concern.

Since on one here has so far "proved" you wrong, why don't you take it upon yourself and prove yourself right to us by your real trading decisions--open a "show-us" trading account, fund it with enough for your favorate market, and post your trading record on ET (hey, even TraderBrad did that on his website). With your masterful ability to see the perfect oscillation point of market movement, you shouldn't have any difficulty to demonstrate your trading result, in one month's time, as far superior to the 60/40 win/loss ratio which you so scornfully laughed at.

Once you have done that, you will silence all of us and find many kneeling in awe in your temple.

Prove you are right.

Please!?
More...

Proflogic can make calls and it still would not prove that the market is "perfect".

His method is a simple one to veteran traders. You can use MACD, Stochastics, RSI, VFI, just about any oscillator set up correctly will enable you to approximate a bottom.

The question is, will the market reverse for one tick or twenty ticks?

How much time should be allowed before the potential sideways movement says this trade is a bust?

This is what people are having trouble with.

Prof claims perfection, many of us insist on probability, which, of course, is not perfection.

Regards
Oddi
 
With all do respect Prof, oddiduro is correct...

Perfection is an improbable (impossible?) assertion.

But, on the other hand, I applaud you for provoking thought.
 
Quote from roberk:

Thanks for taking the time to explain this to the professor.
When I first started trading I was in a great rush because with all the computer power, quants etc. I thought it wouldn't be long before the markest would go flat. After all if one person found the holy grail they would soon have trillions in profits, never lose. Now I see that it can never happen- except in the mind of those who don't trade.
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Bravo Robert! Natural order is a wonderful thought process and I'm glad it worked out this time. I remember the Indiana Jones movie where they picked the wrong Grail and why. I watch it occasionally to be thankful why some will never understand this line of thought.
 
Quote from Grob109:

It is irritating to many poeple on here to be subjected to tripe.

I read his first post in passing and said "sowhat". Now a dozen pages later. I am going tho have to get down to business.

by neglecting the other three cases, he puts people ointo great jeopardy.

Case one "buy and hold long. (Short has zero limit)

Case 2 Sell and hold short (Long has zero limit)

Case 3 Flat market (Btoh long and short are at zero limit)

Case four "Lazy" choice. (No zero limits).


This raises the profound and major major consideration that these four do not represent the true market operating conditions.

There are four more that I have not put on the table yet. But I shall.

Profit logic is going to get an experience that he has never had before.

If he walked into a grad seminar I was conducting a Wharton and laid this on the table it would be something else for that session.
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Ah, Wharton . . . the land of expensive canned thinkers. My friend I have a challenge for you. I will sit head to head with you for a week and trade. At the end of that week we will posts all of our trades on any site YOU choose. The loser can burn his sheepskin. Up for the challenge?
 
Quote from ktmexc20:

With all do respect Prof, oddiduro is correct...

Perfection is an improbable (impossible?) assertion.

But, on the other hand, I applaud you for provoking thought.
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Finally someone got it . . . The purpose of the thread was to provoke thought. It was to make traders think for themselves not just repeat what they have been told was true. One just needs to look at the responses to separate the traders willing to show original thought and the ones that just spewed what they have been told for years. How does any science change? It changes when people are willing to challenge the norm and to push the threshholds a little further. Over the last 10 years the trading environment has changed to allow the average individual the opportunity to see and research the Markets with complete control of his environment. Some hitch their wagon to whatever they can most closely relate while other stike out on their own looking for that which no one has thought to look for. Which one is correct? Both! It takes all types to complete the process in any business environment. Even the Wharton Professor lost sight of this when attacking my line of thought. Everyone hits a speedbump once in a while but it's nice to know that little old me can invoke 12 pages of heated discussion and make traders "think for themselves" once in a while.

Oh, my method is not perfect either but It would have been nice to have someone disect it for it's imperfections instead of just "saying" it was bunk.
 
Quote from ProfLogic:



Oh, my method is not perfect either but It would have been nice to have someone disect it for it's imperfections instead of just "saying" it was bunk.
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no method, system or technique was ever put forward. simple statements concerning past events were made under the guise of method, system, or technique. absolutely baffling....

surfer :)
 
Quote from marketsurfer:

no method, system or technique was ever put forward. simple statements concerning past events were made under the guise of method, system, or technique. absolutely baffling....

surfer :)
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He has a system on his website. It is based on the divergence principle.

Regards
Oddi
 
Quote from oddiduro:

He has a system on his website. It is based on the divergence principle.

Regards
Oddi
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ok, nothing that remotely resembles a trading system was mentioned here by the good professor--- nor was anything that could be "proven" wrong mentioned.

i suggest a reading of "innumeracy" by paulos to the logical professor before he actually risks money in the market.

best,

surfer
 
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