Trading is NOT a business

Quote from gustavokeiff:

Thank you for the response Jack Hershey.


I have read your post several times now, and it does make since to me - actually enlightening - insights I have not considered.
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Please share these insights with the rest of the class. What were two of the most enlightening thoughts you encountered?
 
LOL. Welcome to the Machine.

Quote from TFtrader:

It is amazing how many people fall into this trap of trading month after month. I have been back testing and forward testing numerous different trading systems and strategies for more than two years. My focus however was on index futures and currency futures. Spending more than 6,000 hours with analysis for this venture, I did not find anything that would nearly be reasonable to call a somewhat viable solution.

Her are just a few systems and indicators of my testing including any possible combination of them:
- MACD
- Stochastics (fast and slow)
- CCI
- Woodies CCI (incl. Woodies trading patterns)
- Moving Averages (SMA, EMA, WMA, TMA, HMA)
- Opening Range Breakout
- 1-2-3 Reversal patterns
- Trader Vic's 2B method
- different price action patterns with and without any indicator
- classic trendline/trendline breaks
- etc., etc.
None of the systems actually generated more profits than losses over time, even by reversing buy and sell orders against the signal/pattern. I have become suspicious that this is nothing but a monkey business, because trading systems strangely seem to be profitable only when paper/simulated trading instead of actual money.

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. I do admire the industry and its marketing machinery, as it continues to lure people into this fruitless business for a sheer endless money supply.

Greetings,
TF Trader
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Quote from NoDoji:

Man who Bangcock often add to HERD in 9 months.
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Man who Bangcock make clean getaway by pick one .. divesuit, trampolene for dickheads (diaphragm), technical anal-ysis for alternative entry.
 
Quote from intradaybill:

That is way too expensive for that part of the world and associated risks. is that basic cost of living or it includes lifestyle? Does it include rent?
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What risks? Crime rate is under 0%. :D Banks? US is higher risk. :)

Pussy? 0% risk here that you would enter a 4-lane highway.

$1,850 includes EVERYTHING (rent, food, gas, med+car insur, restaurants, lifestyle, ALLLLL) Only exclusion is any out-of-country flight(s)

I've often paid far more than this just for RENT alone, stateside.
 
Quote from gettinglucky:

I like you! You got a killer attitude. But, what I don't agree on is... It's wrong-headed thinking that we have enough "love" to spread to all the women in the world.
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:) :D

That's an american woman LAW that she hammers into the male's head from day 1. And the dickheads buy it totally. :) :D

I see them here all the time salivating at the silky smooth lasses that walk by, wishing they could shitcan the ham sandwich they brought to the buffet.

The right thing to do is to go back to our basic nature .... sex with a beautiful woman is of the same order of magnitude as an excellent dinner. When its over, you move on. End of story! :)

note: now watch the self-righteous priests and bishops at ET come a-calling me names :D :D :D
 
Quote from Bloomberg13:

Are you kidding? That guys attitude is the same hel by many denziens of soup kitchens. Given his moniker. I wouldn't be surprised if that's his abode also.
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Man with cream in tart is not necessarily baker. :)
 
Quote from NoDoji:

Man who Bangcock often add to HERD in 9 months.
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homework for NoDoji:


If it takes 9 months for the baby, why then is the fellow always in such a hurry towards the end?
 
Here's something. Jack Hershey tried to impose his static parameters on the stock market in his paper, "Catch Up With Tomorrow's Paper Today" (attached). So I tested buying Jack's "0 to 7 turn" (see page 8) on 1000 stocks from 2000 to 2005 -- a total of 5000 stock-years -- using spydertrader's code for the scoring and exiting 5 days later and got the equity curve below.

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Quote from trendo:

Please share these insights with the rest of the class.
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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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Hello Trendo,

I am really tired - I was up all night pondering this, I had some interesting revelations - hope I can codify them before long.

I will respond to your request, unfortunately it may take me a couple of days to organize my thoughts.

Jack said some things that were reminiscent of some of my past experiences & research - I will elaborate what I see fit to expose.

,...Gustav
 
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