Trend Following--Another Nail In The Coffin

[Buy1Sell2]

Quote from jack hershey:

Decent points and much more cohesive than other posts in the past. Thank you for the effort. I would ask you this then--"Why would an individual with such obviously poor trading skills continue to trade/post or papertrade/post month after month after month. What is the gain for the OP?

 

[achilles28]

Quote from jack hershey:


It appears that it comes down to a specific combo of ingredients. The combo has a people part, a leader part and "system part. There is no capital part, probably since capital "seeks" opportunity. There is no sales part either.

Lets say the combo appears. Then it will be a blast. Here is a scenario. Suppose ratesquad did write the two papers.......... After that, the papers speak for themselves because ratesquad is the interpreter to "someone" who can think. This thinker could assemble the critical mass. Why? It is simply because the papers present a specific solution to an unsolved problem that the potential money can solve. This is connecting a pipeline of money to a problem.


This is an artificial way to introduce a new paradigm. the alternative hasn't happened because people with system are never "empty" and they just go about their lives having absolutely everything they want and need without doing any more than they feel like doing.

Jack,

Thanks for the prompt reply. It was an insightful, illuminating read.

Regarding philanthropic philosophy - or "how best to give" - why not consider this:

X-Prize everything (Global).

Instead of assigning unlimited capital to groups of 'wise men', why not have those wise men create a simple set of conditions, whence met, satisfy the solution to a predetermined problem?

The Prize Money is then awarded to whichever team, cooperative, individual or institution that solves the problem first.

The beauty of this - it maximizes GLOBAL participation and guarantees cross-spectrum market participation across nationalities, bureaucracies, conventional orthodoxes and institutionalized "wisdom".

It worked for the X-Prize spaceship.

Now put Hundreds of Millions (or Billions) behind it and stack it with multi-tiered prizes to maximize participation through risk deference (1st Prize -- 5 Billion. 2nd - 20th Prize - 250 Million).

The biggest resource we have, is each other. The human mind.

Leverage the global collective intellect through MONEY and it can brute force solutions that have plagued humanity for a very long time....

 

[Buy1Sell2]

Quote from Buy1Sell2:

Decent points and much more cohesive than other posts in the past. Thank you for the effort. I would ask you this then--"Why would an individual with such obviously poor trading skills continue to trade/post or papertrade/post month after month after month. What is the gain for the OP?

Well Jack?

 

[Buy1Sell2]

Quote from Buy1Sell2:

Decent points and much more cohesive than other posts in the past. Thank you for the effort. I would ask you this then--"Why would an individual with such obviously poor trading skills continue to trade/post or papertrade/post month after month after month. What is the gain for the OP?

Well Jack??

 

[dalailama]

The gullibility of those poor souls mesmerized by Mr Hershey's pseudospeak is mind numbing

Here we have a man that promises 3 times the daily range without ever having a single losing trade.. yet the only time he has ever gone on record he left a trading contest early after losing 26%

There most surely is one born every minute

Jack Hershey sporting a pony tail at age 70.. inform your local congressional representative