One of the terrific benefits of ET is how the spectrum of members express themselves with respect to what their status is with respect to thier personal viewpoints on trading, learning and making money.
You , trader666 and Jim Fisher at Harvard are saying you are not successful, learning anything useful nor do you make any money.
To get any of you to a place where you are becoming wealthy is not going to happen. All of you are valuable examples of people who have not taken on the personal responsibility to come to understand the market's offer and that it is avaialbe to anyone who wishes to take it.
How a person becomes expert in any method is clear to the public. They learn to trade the method by equiping their minds with knowledge and skills gained through purposeful expereince.
you three have struck out on all counts. You are not successful, you lack the ability to learn and you cannot make money from the markets.
What is important about you are the examples you represent of not getting the job done.
In this thread there are many examples of what learning to trade to make money is all about. Their common thread is personally doing work. As observers, you people are watching others doing work. One common thing that is going on is that a few people are asking questions. The reason they ask questions is that they have grasp the simple notion that a lot of money is being offered by the market continually.
Jim Fisher is a person who deals with statistics and he wanted a bridge from indicators to computer sciences that would have allowed him to statisticulate. Using formulas to calculate market timing is something that none of you can do in any way either. You are able to take up the torch for proving something canot be done. Each of you has proven you cannot do anything that you are complaining about. This type of constant detraction is very important because it focusses on what is not possible for most people and why they are so incapable.
It all begins with the mind and the operators of the mind. The one's used for driving and reading are the same ones that are used by the mind to trade successfully.
Anderson of Kipplinger's makes the same point you people do. He could be serving his readership by teaching them to trade successfully. He could do that by helping them learnwhere to go to do what and why they could be becoming successful. There is no chance in Hell that he has the mental capability to serve his public. He is just like you three.
You, Kipplinger's and most others represent how failure turns out when a person's mind is screwed up.
For those who wish to be successful, we spent over five years making that possible. A systemmatic record was created so it would be available to everyone who was able to grasp the import of becoming wealthy by learning to build their minds in a PROCESS. As thge future unfolds, mind building will become more common and effective in all fields.
Recently I posted on the way annotating charts works.
first you draw the lines, then price fills the container and then volume, then price signals the timing.
This is chronologically three steps that occur in an order of events.
children can multiply 96 time 95 as fast as you can read this to get 9120. I did it and they did it the same way. You three have to use a calculator to do it automatically. your brins and the children's brain operate differently. You reach for a calculator, put in new batteries. punch the keys enough times to get the same answer more than once and then use 9120 as an answer you finally trust.
What do children do? They subtract both numbers from a nearby round number. Rough out the answer and finally add the loose ends to get the precise answer. Subtraction yields 4 and 5. The rough out yields 9100. the loose ends are the product of 4 and 5. 20 is added to 9100.
When the kids HEAR the two numbers they HAVE the answer.
How you four process the approaches and methods successful traders use is simple to understand and express. You start out from your belief system. you compare what you believe with what successful traders use. You judge the differences and find you are right and they are wrong. You prove to yourself that you are right for years and years and they just keep making money.
You think the lines are drawn afterwards and they are not.
You think people make up the trades; they did not.
You think not one can make what the market offers; we can make the market offers.
You think because you cannot back test that no one else can back test; anyone can back test if they use the correct method.
You think your mind is working properly; It isn't. Your minds are fucked up. Do yourself the favor of reading what each other writes. you people are irrational
As generations passed, the way people behave has changed. Trading in the late 50's was regarded as stealing other people's money. Not working to make money was regarded as unethical. then slowly some people decided to jump on the bandwagon and get rich too. Mostly is was coattail trading, a convenient shortcut.
As the SEC bought computers and programmers they learned they were screwed up in their monitoring and had to do a better job. They were a pain in the ass for several years because they did not know how to connect profits in accounts to the market's offer. Larry Harris and other have explained it to them, finally.
Sales and marketing people thought up contests for people to play. the contest rules were incomaptible with making money however.
TV went into the entertainment business vis a vis making money. These are very funny shows and some people belive what they hear.
Today, we have the T666, dave goodboys, and LO at MIT to humor us.
The theme has always been mythical belief systems crossed with successful methods. The expected result; people blowing their horns saying I can't trade and you are wrong by my belief system.
You are pissed off outsiders and we are laughiung all the way to the bank.
The noise you make attacts all kinds of people. We think it is very fortunate. It divides potential traders into two groups: learners and detractors. The A people and the B people. B people cant learn and trade successfully and A people recognize that there is a mind building process to be completed.
My job is to inform those who have minds that still can be built.
For those people, here is where you begin to reason and critically think about learning to be a trader.
Do NOT work on how to make money. It is futile. You read this as Do work on how to make money just as you see a person falling down on the ice when you read: don't fall down on the ice.
So I must say to you Walk carefully on the ice and Do work to learn to build your mind.
We use the medical model: See one. Do one. Teach one.
Seeing is very important. That is why daily I hand out part my work for the day. It could be logs, charts, or my debriefing synopsis. The categories are the categories of what the recipient is working on.
Sundays we Do one. We preapare fopr the week and we do a day or so of SCT. A camtasia is made and then "produced". It is a video reminder of a work session. this week the focus is on the DAS. three have been handed out to all. they will be reviewed and a glossary of terms of each of the columns will be "Seen" so it can be DONE each day thereafter.
Sub groups meet several times a week at various places with various guests. This week a column was added to the Universe and a sonsequence of increased sensitivity. We are, in effect, teaching each other using what surfaces as the syllabus. The same sensitivity syllabus has generated itself for four generations.
See one. Do one. Teach one.
Imagine T666 pulling 20 to 40 % a day on capital in SCT. Imagine him sweeping surpluses out of SCT to PVT on Fridays. Imagine T666 after all his years of working setting up the weekly batting order and teaching people all over the world remotely to do what he could have learned to do. BUT he can't and never will. He is Whyn'ing at record setting levels instead. That is his bag for the rest of his life. He did build his mind into an irrational belief system. So did Dave and so did Anderson of Kipplinger's.
It is terrific to have a record of people doing daily for years and years what T666 and his detractor buddies do.