Quote from Dantheman:
Hi jack,
I know that you know.
You say you began trading in 1957, how long did it take you to come up with your observations? I wonder at how you managed to put together your method so succinctly.
M.A.D.A
know what to monitor
know how to analyze it
know what decision to make as a result
take the action
repeat as often as necessary
so simple. I love it.
I inked this chart Left half showing.
Used WSJ year to date hi lo to find high Beta (not named that then, though)
Back penciled the daily H,L,C and volume
drew channels and could see overlap
Volume coming out of dry up was signal. Peaking was what is now called FTT.
Did 40 trades a year @over 10% per trade.
Taught overs; we shared brownline prints 11 by 17 B size mil spec.
The MADA just was there and we all knew the P,V relation by page 7 of Magee ED 4.
I was recruited ro stay on falculty but I went to IBM. Faculty traded and didn't need salaries..... IBM was a gogo situation with 80% of world market. I summered in Europe.. extra weeks with full pay... Bougt sports Mercedes, etc.... Wife and her sis were models....
Greenwich and sailing then switzerland and skiing and soccer.
Later Bucks Country PA with two kids and prep school life.
Finally spent time on Ford Foundation seed grant to write on water quality (my choice to kick off environmental movement)
EOP after that and UCSC. Alcohol in gasolene and writing EIS for NEPA after 92-500 CWA. Psychiatry at Jung and Mich. Finance at Wharton. Arch at Tennessee and environment a Lincoln, Wash U, MIT, etc. 31 books as academic. First public corp on exchange was Apollo did TFSE with 5 privs to take control Was doing inventions in environ up to then. Went into meds in AZ and got older.
PC got invented as did copier so trading was easy from them on.
