I neglected to make the point in responding to Ehorn that the reality of SCT is that the net-profit multiple of the daily range is far lower than the ideal multiple. Correct me if I am wrong, successful SCT traders. And please don't misunderstand, I ain't knockin' it, just trying to determine the practical limits.
Socrates Examines Technical Strategy
- Thread starter Socrates
- Start date
Which brings up another point.
The opposite of Love isn't Hate, it's Apathy. :eek:
I posted a document above entitled: "an_overview_of_what_happened_in_et_during_the_last_few_years_edit_3_2003_rtf.doc"
It contains the following reference:
Code:
A Performance Array (Cell values normalized to ATR multiples)
Trades Skill level
Beginner Adv. Beginner Beginner Intls Intermed Adv Int Expert Adv Expert
4 1.3 1.3 1.3 1.6 2.0 2.4 2.6
4-7 n/a 1.6 1.6 2.0 2.4 2.6 3.0
7 -15 n/a 1.6 2.4 2.6 3.0 3.3
15 n/a 2.6 3.0 3.3 3.6
15- 20 n/a 3.3 3.6 4.0
20- 40 n/a 4.6 5.0
30-40 n/a 6.0Thanks. Those figures include reasonable commission and sloppage? They bear any relation to your own experience? Do you really believe 40 RT? I mean, with my systems I could easily take 40 scalps a day, but I don't see 40 legit SCT-type trades. One of these days I'll go into why, but I am still focussed on profit and size limits.
BTW, my obsession with SCT begs the question "Don't you have anything ELSE to do?" In fact, my systems have been relatively stable for some months now, so except for the occasional "Why the fuck did THAT happen" investigation, I have nothing better to do that hair-ass Jack et al.
Also I stay up late and get up early trying to figure out if I can trade the overnight session. The pricks that run it usually retrace to simple S/R, but they do it with such breathtaking spreads that it is hard to participate without brass balls.
BTW, my obsession with SCT begs the question "Don't you have anything ELSE to do?" In fact, my systems have been relatively stable for some months now, so except for the occasional "Why the fuck did THAT happen" investigation, I have nothing better to do that hair-ass Jack et al.
Also I stay up late and get up early trying to figure out if I can trade the overnight session. The pricks that run it usually retrace to simple S/R, but they do it with such breathtaking spreads that it is hard to participate without brass balls.
Youve been doing some excellent work Trader666.
A great way to finish off the year!
It's obvious from his posts tha ehorn is just the latest in a long series of hard-core koolaid drinkers who believe Jack knows the pathway to unlimited wealth, and he and spydertrader are posting the information for free on ET.
LOL
There's not enough koolaid in the world to believe that one.
MBS, I am generally polite to people who are polite to me. If you ask enough questions of an ET poster, you can usually tell if they REALLY trade, which is the first test is paying attention to them. For example, YOU clearly trade. I mean NOBODY who DOESN'T trade would post charts like yours (Fearless9's style is similar). And I think Ehorn really trades. Now Jack has NEVER posted anything that suggests to me that he does anything but TEACH how to trade.
666, as I recall, you graciously declined letting me interview you some time back. How about a brief re-zoom to let people know why you are so rabidly anti-Jack? Might help the noobs understand that we are not just mad dogs, but care about new traders the way Jack CLAIMS to. I will if you will, and if we do, JJ will. T28 also has a great story I may try to prize out of him publicly.
I was being polite.
ehorn was posting the usual disinformation promulgated by the Jack Hershey aficianados and I was doing the necessary anit-Jack propoganda.
