Trading is NOT a business

It's really unfair. Quit bashing poor old Jack. He dearly loves extremely complicated methods. He is just like the mechanic the must use every tool in his tool box regardless of the job.
 
Quote from TFtrader:

Finally, I have come to the conclusion that one cannot generate any profits by trading. This is an expensive and very time consuming hobby which comes with a daily agony.
TF Trader
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Unfortunately, you're looking in all the wrong places.

Attached is the equity curve from a 10 year backtest of the system I'm currently trading live. Intraday, 100% out of sample, 90% positive months. Note its drawdown vs the benchmark (Nas100) drawdown.

It is possible to make some decent coin in this business.
 

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Quote from jack hershey:

...Using PA only is like cutting off one leg of a pair of pants. Your balls hang out when you mouth is open. (Goggle JoePaterno)...
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LOL!
 
If you have a milkshake, and I have a milkshake, and I have a straw. There it is, that's a straw, you see? You watching?. And my straw reaches acroooooooss the room, and starts to drink your milkshake... I... drink... your... milkshake!

I drink it up!

This is trading :)
 
Quote from trendo:

Please share these insights with the rest of the class. What were two of the most enlightening thoughts you encountered?
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OK trendo - I finally woke up!

As Promised...

1) the phenomena most apparent was the "bridging" of cycles
2) To check out the proper defaults, you test on all nested fractals
3) A default test reveals that the indicator works on all fractals and there is no bridging on any fractal
4) The scaling of the line values is less important than the relationship of the two lines
5) The Nike I and Nike Ajax were guided missile systems. Antennas tracked the target and the missile. A common solution was sought for the two paths. Pairs of dimensions were used for the three dimensions of each and more than two points in time were considered. The missile ignition was radioed to the missile at the appropriate time
6) As in the Nike problem, a three point math solution for each of two paths was handy. Quadratics were used for the pairs of spatial variables. An analog solution was had by using 81 DC amplifiers that were zero set 48 times a second
7) I remember long ago participating in shutting down a reactor at Penn State and converting it into an ichthyology (sp) lab. They learned to grow fish vertically at Penn State

And guess what,...5, 6 and 7 don't have any apparent relationship to trading - and oddly enough, point 7 is the most critical to understanding Jack's thought process - and mine.

Don't ask me to explain.

,...Gustav
 
Quote from gustavokeiff:

Hello Trader666

Yes I saw that and a lot more. One of the sites I found was quite interesting - my first impression was "Oh My GOD what the Hell is This" - it looked like the ramblings of a mad man - then I began to get it - Jack definitely was not Mad!

Actually he reminded me a lot of my departed father - who was also eccentric and brilliant.

Jack's Posts helped me to connect the dots.

Hopefully I can connect enough to end up with a working solution.

As far as what I found - well, you are on your own.

Take Care Trader666!
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Oh dear, there's one every year :p

I wonder why they never ask themselves why Jack has no money and has never even shown one of his trades
 
Quote from Optionpro007:

There has to be many. I was one of them. Unfortunately I wasn't intelligent enough....:D
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Hello,

I am done with Jack, and no it wasn't an exercise in futility.

Maybe I am just as insane as he is, but I do understand him, and I got the man pegged.

I also figured out his trading system....it is actually pretty straight forward...I don't know if it will work... and actually I don't care...

...and no, I am not going to codify it to find out,...I will be doing a variation on it - my own spin.

The posting he sent me was Odd as Hell - but I tore it apart, line for line and...I can explain the whole thing (well actually there are a couple of lines I could not figure out) - in language that we all understand.

If your interested I will post a summary, it is not as weird as you may think.

I will tell you this much for now, I was able to decipher his postings without the aid of NSA computers.

I was able to conceptualize three new indicators from his postings.

I am in the process of specification and shortly I will code them - pretty interesting stuff - actually.

I suspect the new trading system will work as well,...

...The proof is in the Profit.
 
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