Quote from Babak:
Lets look at this logically and consider what benefits or harm would accrue if Jack were to do an online chat as I suggest. ok?
Benefits:
1] Showcase his system and prove it works in real time
2] Leave a great information source for others (ET chats can be archived: http://www.elitetrader.com/ch/)
3] Allow his students to learn from him in real time and perhaps learn something new
4] Make all his detractors eat heapin' helpings of crow
5] Have fun and make some money!
Harm:
.
Here is my differing view.
Past efforts:
1] respond to Q's about SCT (system) in ET and other places. Connect up with successful users. Continually exchange with sotfware producing corps (including beta testing).
2] Provide a great information source for others (paltalk chats were archived); make 10 one hour tapes with successful users for their offspring. Dupe the tapes. Review the equities software for TNPT and improve its performance by 20% for the producer and other users. Do an e-mail network for many years before the net.
3] Allow his students to learn from him in real time, do tutorials and guarantee the capital of those he tutors. Trade for others as a quid pro quo where they spend professional time helping others. JTH learns something new in both these matters.
5] Have fun and make some money!
Present efforts
1. Build a 10 stream SCT multimedia package and give it away to those who contribute to H for H.
2. Supporting a local IBD Meet up group with sponsorship and trading materials they request.
3. Put all b people on ignore after they default by not contributing and continuing to harrange me.
Potential harm from investigating SCT for personal use.
1. Doing something beyond one's skill's, knowledge and capabilities due to personal reasons.
2. Learning that you have wasted a lot of time in the past trying to do any kind of trading based on what you learned and tried to do with other methods.
3. Letting angry and laying your bad news on another person who is the messenger.
4. Learning that you have gone way past drawing the proper quitting line vis a vis fight or flee and becoming conscious of the reptilian trap and not knowing the need to get help.
5. Not being able to have the discipline to just pass something up that is not for you.
6. Being convinced that that you can have something by just reading and pondering and not putting forth the work that your person needs and should demand for getting it.
7. Coming to conclusions about things not understood and believing you are a rational being in what you concluded.
8. Believing that you have back tested something while still not knowing what you are doing.
And many other harmful consequences of being irrational about things and exhibiting bad behavior.