Quote from jonnyy40:
Thanks very much for that.I intend to return to the futures at some point (unfinished business) and you're making it more and more likely.
Ordinarily, I do not make strong personal comments. However, I track the progress of a number of folks in ET. It is easy to track given their posts. You can detect their consciousness about what is at hand and where they are. For me, it is primarily a way to find new things, somewhat like going through ET with a fine tooth comb to find gems in this predominant rough.
As most folks should already know, none of the recent stuff is shedding any new light on what has been in ET for quite some time before I arrived. Personally, I went through the various rocket stages in an extremely brief period of time (ie. days). For me, the breaktrhough was just a matter of scaling the chart and having a sufficient number of days in view. Bar charts were just a matter of the present filling in one bar at a time whereas T&S fills the present in one tick at a time and the DOM fills in change by change.
Easyrider, amongst a few others are just flat out superstars. Especially Easy who worked very hard to establish his bread and butter base. He proved that trading is a personal journey. He did not look at others to make things gel, he tuned himself to how things operate rocket-wise. We did not hear about a 100K drawdown from Easy as we did from you. Each sequential item I have posted was a substantial iterative refinement that requires more skill than rockets and icebergs. It is a flat out misunderstanding to consider the more recent material to be optimal starting points that will prevent you personally from the next 100K drawdown.
I know you have alot of pieces in different areas. This is not light work stuff and it is imperative to take things one step at a time and at a long term goal pace. The recent stuff is not even on the horizon for alot of folks as it shouldn't be. No one is rushing anything here and from my perspective, I would be the most opposed to this manner. Unlike most folks, for me, paying in equity curve to learn something (ie. via losses) in no way effects my psyche. This is partially due to the fact that I have several independent bread and butter ventures among which, trading is one. Additionally, there are sub plateaus of success in each venture. How anyone manages to go through a 100K drawdown as a learning experience is unimagniable to me. I will presume that we are just different for this reason but I had to comment seeing how folks regard what I do as sheding new light on the matter for them as exemplified by your post. It is somewhat amusing for me that I have to rehash very old posts that shed new light on concepts that are new to me but shouldn't be to ET and yet surprisingly, they are... It flies directly in the face of the popular trading belief that the market is always changing and thus resulting in trading that falls in and out of phase. I know Grob has a way of putting 99.9% if not 100% of the material out there in full view. However, it also proves how it still winds up being entirely up to the trader "get it"...
MAK!
