Quote from Spydertrader:
I recall the day specifically. As explained in this post, my broker (at the time) did me a favor (as pay back for a previous error) with an internal fill. Of course, you remain free to believe whatever you like.
Placing the quotation marks around the sentence fragment to imply those were your exact words is an error on my part. Certainly, you didn't use the exact phrase. However, here is what you did say:
Aren't these your words?
And again, you quoted Jack's words here.
Now, since we agree you didn't use the exact phrasing, perhaps you could clarify: Who's 'specific criteria' and 'teachings' did you test / evaluate again?
I did tell you. What is more, I linked to the exact methods used in Journal One. In your reply you indicated how certain aspects of your tests appeared "self-evident" to you. Since you appeared to already 'know' everything, I saw no reason to continue to provide you with additional clarification. Since people who trade the methods outlined in Journal One use a Universe of Stocks which cycle a minimum of five times in six months for 20% (or greater gains) over a period of six to eight days, and since your tests failed to account for 'cycling' stocks, it should therefore be self-evident to you why nobody trading equities trades the methods you tested. In addition, you have posted your findings to the 'Futures Trading Discussion' Group. Since this discussion trades Index Futures, and you tested equities, it should therefore be self-evident to you why nobody trading futures trades the methods you tested.
Thank you for providing the link to http://www.portfolio123.com. Although the 30 day free trial limits the usefulness of the web site, I do plan to test it out thoroughly in the future.
Yet, you left out one 'tiny detail' in your tests (cycling stocks), and it appears to have thrown your results out of whack.
Good Trading to You.
- Spydertrader
Whoa! Cool down! I think your brain has melted from trying to decipher all that Grobian Voodoo.
1. That's not the trade I was talking about. So now I see there are others made at prices the stock didn't trade at. At this point, that doesn't surprise me.
2. You're rewriting history again by taking quotes out of chronological order. Specifically, you took my quote of your fabricated quote and quoted it as if it had been written before your fabrication. LOL! OK, I'll give you a "B+" in Propaganda 101. But don't you have anything better to do?
3. You seem to be missing my whole point. So let me make it real simple for you. I'll even type it slowly. First I tested Jack's definition of a "rocket." Then I tested it with all the add-ons you provided, to include cycling stocks, whether I mentioned that or not. The performance of what Jack described was poor. Your add-ons made it even worse. Clear enough?
4. Check your own link. The only thing I said is self-evident was "that I need to backtest with the EPS and RS rankings that were available at the time of the backtest." And that clearly is self-evident, so why are you making such a big deal about that statement?
5. Nice evasion of my question on why something straight from Jack's fingers doesn't work! Let me change your Propaganda 101 grade to an "A-". Yesterday you wrote "...you appear to have proven a trading method doesn't work. The fact that nobody in either discussion group (futures or equities) currently trades the method you tested seems to have been missed by you." To which I responded: "why isn't anyone trading it? That method is straight from the horse's mouth. You're not saying that Jack actually put out something that doesn't work, are you?" To which you replied: "Since this discussion trades Index Futures, and you tested equities, it should therefore be self-evident to you why nobody trading futures trades the methods you tested." Well then why aren't the equity Hersheyettes/Grobians trading it?
6. Unless they've recently changed their policy, the P123 trial has few if any limits.
Good trading to you too!