Quote from hypostomus:
Jack, I can always count on you for a little levity when I post seriously.
First, let me assure most sincerely that it is not I posting your handsome photo. Nor am I the current pack of assholes who are harassing you, although I do agree that you deserve it. If I didn't have the utmost respect for Spydertrader, who speaks well of you in private, I would think that you are completely full of shit.
Second, I am mystified as to how you read into ANY of my posts what my perception of risk is. If there is one thing that I think you and I agree on, it is that the whole R/R thing is a crock.
Third, I will tell you what I think of risk. I only trade when there isn't any. For the trade I posted, I entered two ticks away from the open on a no-brainer retrace, the best entry my old fat fingers could get with a market order. My mental stop is three ticks. That was miniscule risk compared to the 57 tick reward achieved.
Fourth, compare that to SCT trading, where you have NO preconceived stop, and a profit potential artificially constrained to the imaginary lines you draw on your charts.
Fifth, I respect Cokie's claim that he makes $175K a year trading stocks. But I will not take any advice from him on futs until he posts trades like I post.
Sixth, you have some really bizarre notion of where my head is at. But I know you love me or you wouldn't reply to my posts.
Seventh, as the inventor of SCT, kindly tell me how my trade was seeable using SCT. My point being that "There are more things in heaven and earth, dear Jack, than are dreamt of in your philosophy." (Ape-ologies to Shakespeare.)
(As an aside to Dolly, you don't believe in NLP because you've never had anybody who was good at it use it on you. It works. The proof is old guys with young wives.)
