Quote from Trader666:
Let's deal with facts and reality for once, OK?
Show me where the "blotter" shows that Jack made 3X the range of that day. What I see is 5 winning trades totaling 9 points when the range was 25 points. Further, that "blotter" shows only one contract being traded in March. Jack's the one who claimed he makes 3X daily range in ES as a practice, so don't try to turn it around on me. And if that's the case, why not post something more recent and complete? Or better yet, call it live and put the debate to rest once and for all.
You know nothing of my methods and profitability, so stop the false smears and propaganda. You've posted blatantly false info before to try and achieve this with T28, like here:
Most reading this thread noted trader28's post about being "long and strong" seconds before the ES dropped 10 points.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=130684&perpage=6&pagenumber=6
The only problem is, it took over 30 minutes for ES to drop 10 points, NOT "seconds."
Talk about classic ET moments! LOL
Just look at the pink zigzags.
The snagit is not mine nor from my screens.
I was just illustrating how the ES offers to traders a multiple of the daily range. This is what I think is the first step in determining how to set up a business plan and a trading plan.
As we saw recently in Future Magazine, David Boucher uses an ATS called Zig Zag David 1 and his reults relative to the ATR are over 10x on every day during the period of that article's examination.
The difference between what is there in the market and what a trader takes is defined by the trader's relationship to the market and how he does his trading.
It may be difficult to discuss this type of information if what the market offers is not understood. Secondly, it may be difficult to discuss if both parties do not trade the same market and, thus, have some common experience.
Trader666 is correct that he does not have any information that proves I can make 3x the daily range and make it every day.
Several people (many actually) want the proof. Many have the proof. And there is little overlap between the two groups.
It is a tradition in the financial industry for professionals to satisfy their clients with what clients require for proof regarding the DD of clients.
I would think that Trader666 would like an ATS and its records for 3 years. This is a nice DD standard and probably would be quite satisfactory if, as an added stipulation, no induction were used to get the ATS and its subsequent records.
My comments are just made to describe SCT and PVT and the algorithm. I also mention my skills and knowledge and experience.
The combination of all these things, to anyone else, turn out to be claims. They are also caught up with the fact that what they construe as claims are unsubstantiated.
I and these people are at choice. I believe it may be possible for me to give information to another person and that other person will then decise I have substantiated what the other person in the past, felt were unsubstantiated. My information could also be rejected by the other person.
An alternative would be a third party evaluation. The third party could look things over and decide. One way would be by testing. Another way would be that I provide information for assessment.
In any case, I think that for those who have been through this variety of ways, it has worked out as those people wished. So things do turn out as expected.
Nowadays, there are three groups of people in the universe (Venn wise), they include: Those whose DD gave a positive result; those whose DD gave a negative result and those who do not care one way or the other in the slightest. I agree that there are still billions of people who do not fit in this unviverse since they have never heard of anything relate to it. This is a very small thing and really not worth much to the average normal person. And I am so extremely happy that the few who took the trip to do the work are passing it on to others.
As they seem to see it as time passes, they get better and better and they can compare themselves fairly favorably to anyone that they meet and who is doing other things that those people cared to.
The syllabus for SCT in 2007 had over 1,000,000 hits. This magic year long treatise of unlimited helpfulness was supreme. Spyder is THE man.
We are all glad that you did not participate by your stellar choices. You correctly decided it would be a waste of your time by doing the DD that you did. By doing this in the way you did, you helped many many others to do the same. As it stands, polls of low quality do enable any casual person to see that 80% of the voters agree with you and only a mere 20% are getting rich by doing the work.
To get really good at this, you must wear sneakers.
