What kind of techniques do heavy scalpers use?

Please don't make this thread another trash can full of usual crap "gurus vs. guru-haters".

I started this thread with questions, Jask answers and tries to help and I absolutely don't care if he's guru or not and even less if he won or lost some tournament. What I care about is that this man is ready to help (as well as several other participants who's posts I really appreciate).

Let's discuss at least some questions constructively, without all this BS.

There are more than enough threads discussing gurus for those who want to discuss them.

Thank you for understanding.

Janis
 
Quote from jem:

Spyder before this post - I thought you were legit in your efforts. Now I am beginning to wonder?

Would it surprise you that a false guru can take information and repackage it in an appealing manner?

It was not the words that he used - it was the way he misused them. The fact you tell me he is familiar with the concepts is even more damning.

we are both glad you are curious and have some views and conclusions. Keep up the good work.

No one who competes and overcomes the pressure to make a living at a sport or daytrading would consider using the word therapy the way jack did. To use guru speak - it is a completely different paradigm.

The people you are speaking of.. "[those] who competes and overcomes the pressure to make a living at a sport or daytrading" are people who would be considered competent and "okay". There may be others who wind up not at this apex. And there may be others who do something like fail and quit.

There are discussions and papers written about others than you speak of. Some of the involved in such discussion are people who provide health services and, in particular, mental health services. Among other things that these professionals do is to provide "therapy". It travel in the company of these kinds of people and I have, at times, done presentations formally under the auspices of the academic and professional organizations that include these kinds of people.

So your judgement of me is yours and it is not valid to me. I am glad that Brett agrees with you. It helps me understand where he and his colleagues arecoming from.

CBOT sponsors therapists who speak on therapy for people who are in the classes I broke out above. I have spoken with such face to face. I am familiar with the papers they use in their papers and I checked to see the congruence of these with those in the referenced MIT study. There was little overlap.

Fortunately this is what makes the world go round. you are foot dragging and it is not too noticable at this point.

Jack could have proclaimed ignorance of the topic.

I could have but I'm not. People pay me in this field. They pay for my llamas too since I do work using a locus that is not in the locus of the venue of the problem.

Without that claim I am even more convinced his claims of 20-30 -trades a day in the S&Ps-- and always being on the right side of the market- and 700 lots- are fake.

Your brief condensation of my comments is a combination that is impossible for anyone no matter who they are or what they do.

By the numbers. Consult the charts and tables of the money velocity charts (3). Consult the pace vs volatility charts (2). Consult the overlap charts.

With this in mind, consult the recommended contract trading progression that a traders uses to go from one contract initially to the upper limits set as above cited for trading during the day.

Your synthesis of my collective comments is unfounded, friverless (lol) and corny.

The literature is replete with how many contracts can be traded and when and how. The "four games" I refer to are in effect as possibilites at all times. Because of the intelligent of those who trade at those levels, anyone can see that no one does what you belief and state that someone may be doing. It is an impossibility to even to think up such a configuration. you assign what you thought up as a fake. Fake is a funny word to use.

Impossibility would be more like it as an assessment of the market capability or anyone in the market capability. Stop your wondering on the matter, please.
More...

The source of your induced pressure is your operant paradigm (the standard orthodoxy). You use OODA to overcome it. You deal in risk and probabilities.

Our approach is "no induction" by the selection of a different paradigm (pool extraction). Because we are parasitic, we "see" you and your performance of your strategies in your paradigm. So we are using MADA and that precludes dealing in risk or probabilities.

The contrast of the two constructs and settings is making you wonder (mostly about Todd now and about me from a performance questioning view for a while) while sitting in your space and beliefs. Therapists see fear, anxiety and anger in your standard orthodoxy when the valence is negative and the arousal is activated. Our three biggies are comfort, support and confidence when our valence is positive and the arousal is activated.
 
Quote from CFerret:

Please don't make this thread another trash can full of usual crap "gurus vs. guru-haters".

I started this thread with questions, Jask answers and tries to help and I absolutely don't care if he's guru or not and even less if he won or lost some tournament. What I care about is that this man is ready to help (as well as several other participants who's posts I really appreciate).

Let's discuss at least some questions constructively, without all this BS.

There are more than enough threads discussing gurus for those who want to discuss them.

Thank you for understanding.

Janis
More...

I apologize.

Sorry.
 
Jack

Although I wish to respond to your therapy stuff, I too will make an effort to stay on point.

If my synopsis of your trading is incorrect.

It would be easier for you to clear the matter up right here.

Do you claim to be a profitable trader over the last six months in the S&P 500.

How many contracts per month.

Average profit per contract.
 
Quote from Spydertrader:

With all due respect jem, I recommend you review my post once again. I simply pointed out an error in your reasoning. Should you wish to ignore the information provided, such an action represents no concern to me.

I've met the man - several times. I've visited his home. I've seen him trade. As such, I view things from a slightly different vantage point than most.

Feel free to hold whatever opinion best suits your needs.

Good Trading to you.

- Spydertrader
More...
This is so full of crap.
 
"Arousal" Jack? I see you have reached a new low. How does it feel to be sinking deeper and deeper, grasping for attention as you see the depths change color and hear the sound of the currents sucking you lower? I am keeping my I on you now!

For all you newbies Jack is trained in and deploys NLP and Ericksonian hypnosis in his communication. He does not disclose this any more than he does any actual p/l. If he did either he would be credible to some degree now.

So am I for full disclosure. Good night jack, love the kisses by the way.
 
Quote from jack hershey:
Our three biggies are comfort, support and confidence when our valence is positive and the arousal is activated.
More...
Is this anything more than an appeal to the emotions? Will Jack give you "comfort, support and confidence?"

And, Jack, care to explain what a "positive valence" and "arousal" are?
 
Jack,

Not only are your messages ubiquitous but your sesquipedalian style leads one to believe that your methods are operant. It is clear to anyone who has traded profitably for a reasonable amount of time that you have created your own envisage.
 
Quote from CFerret:

Yes I remember we talked and you even let me enter your room and see you trade. It was very informative and I really appreciate your efforts in helping me.

But one problem still remains: I don't understand the mechanics of interacting forces which cause these changes in DOM and more importantly cause market to move.

You're right when saying that "who cares what is it if it works", but as a psychologist and a man from scientific family I tend to analize and try to understand well every process I see.

Janis
More...


Janis, I don't know if I have the answer, but I have a theory on the answer. It has to do with big money, being in a position they want to move into or out of.

If you trade the ES, and trade 1, 3, 6 contracts at a time, I'd imagine that 90% of the time you can get out with no more than a quarter point slippage. This allows the option to pick and choose when and where you get in and out, at any given price.

However, if you trade 1,000 contracts at a time, you do NOT have this luxury, because you know your buy or sell order will move the market, and possible to a point that would eliminate your profit.

So, to avoid plunging or bouncing the market several points, incurring massive slippage, and losing your shirt...

You have to WAIT until someone BIG is sitting on the bid, or ask, "signaling" that that they are willing to sell 1000, or buy 1000 contracts at a particular price. Then, you would have to start selling/buying at the price they were willing to take/give.

Here's an analogy. You are a farmer, selling grapes at an open air market. But you don't have a few grapes to sell, you have 5 truckloads of grapes. For you to sell them and still make money, you can't sell these grapes to just anyone who walks buy. You won't ever sell them fast enough to make a profit.

you will have to wait for a major supermarket to stop in and make you an offer.

Then, you either take the offer, or you wait a while longer. In the meantime, your grapes could spoil.

So, when a big bid or offer comes in, if it is reasonable, you TAKE IT.

In other words, when a big 500 contract bid shows up 3 ticks below the current price on an ACV, it is a 500 contract SELLER than is pushing the price down to meet that offer. Why? because they need to MOVE their inventory fast. Market exposure = risk.

To them, 3 ticks below current price is a hell of a lot better than rotten grapes.

Anyway, I hope this gives an idea...I would welcome comments, opinions, etc as to whether this concept is indeed true, or if it just sounds that way in my head ;)

Greg

P.S. VSTscalper knows his game well, so if he says something works, it does...Keep kicking it and taking names Bill, I'll drop you a line in the next day or so.
 
You must log in or register to reply here.
Back
Top