Hey Jack,Quote from jack hershey:
ehorn's comments do round out in a succinct manner how everything works out.
Getting to any level may be done by purposeful learning through experience.
Obviously, many people understand that automating an algorithm is easy to do and there are many approaches for getting from A to B.
I became automated personally before PC's.
Since there are so many ways, I will mention a few.
Going from PVT to SR to SCT is the critical path, I believe.
IF you are a college student and new to making money, taking a month of full time boot camp in the summer is the way to expert starting with SCT.
What about others? In this thread I have detractors on ignore and when I check "hershey" on a search it is roughly filled with ignored detractors. The detractors are rather severe examples of people who "do not get it". Let them be a warning to you the reader about how things can turn out for you.
Several people go for shortcuts and others shun learning to make money in this algorithm.
It is not possible to learn PVT, SCT or SR if the person is locked into CW. This is not bad or good but just reality. CW encompasses beliefs which are not helpful for those learning any algorithm that is outside of the algorithm. This is well proven and the basis of why learning is not possible is simply that those wedded to the CW have minds that are differentiated (wired) according to the beliefs that follow from learning decisions.
OODA is a routine of CW and anyone can see that MADA is incompatible with OODA. Again this is not bad or good; it is just the way life turns out.
Learning SCT, took short cuts just as greaterreturns did. Many poepl snip out pieces and put them to work and they make over the ATR each day.
euclid and daniel33, posters in this thread, are not hostile and they have concluded that doing the owrk is not for them. That is as it should be for them. They do follow the CW and, therefore, find the algorithm unfathonable.
I spend time once in a while anwsering Q's about the algorithm and its applications PVT, SCT and SR. I've done that since 1960 and things work about the same up to now.
These times are especially profitable and, therefore, a person can add contracts more frequently than normal.
To describe the JH Methods I refer you to four parts:
1. An algorithm and three applications: A. PVT; B. SCT; and C. SR.
2. A partnership of the trader and the markets.
3. A learning tree comprised of three strands: A. Skills and Knowledge; B. Effectiveness and Efficiency; and C. Application of Capital.
4. And growth themes: A. Learning to Learn; B. How the Mind works; C. Business Plan ; and D. trading Plan.
In CW talk the above is babble and what "learning SCT" describes derrogatorily in the OP. For me it fits quite nicely into five books.
I will post some focussed thoughts on a trader's day and how the logging, routine, trading and debriefiong unfolds daily. It amounts to about 10 pages that are filed in a 3 ring binder as the person goes through 6 to 8 levels of learning skills and knowledge.
I'll use two chart displays one is labelled Neox am logging chart and the other is Noex PM logging chart.
Daily logs in a landscape format take four sheets daily. An average day is a W or an M of four channels. One page per channel is the way it goes. On each page is about 3 to 5 traverses. This includes pts 1, 2, and 3....and FTT. It includes the dominant and non dominant alternating smoothly. It includes hiking up and down the Gaussians and occasionally crossing valley streams alway on a trail.
Logs do not just record data. data recording can be done with an ATS if that is the objective.
What is going on is building the mind to have long term memory and that memory is differentiated. People with CW beliefs cannot do this because they made choices that deny them the opportunity to do PVT, SCT and SR as applications of the algoithm often referred to as the pool extraction algorithm.
CW does an algorithm best described as a risk taking and a money managed trading effort where a bet is placed usually based on a prediction and the cash in the market is protected by stops, and only using a small portion of total capital.
Pool extraction is a taking on the other hand and the taking is based on the offer. Certainty is the underlying principle and so no probability enters the picture, ever.
This thread is in Technical analysis and as I understand it, it is not moderated for detractors. I put detractors on ignore since they are irrational in their commentary.
This is the basic mind building principle.
A quick reference for its basis is found in the New Yorker in the article entitled "The Itch". A better and longer source is Doidge's " The Brain That Changes Itself".
For traders there are three connections that are important: The Mind--the Heart--the body---the mind. I hope you can see the three dashed lines.
The brain is screwed functionally for most traders since they dwell on fear, anxiety and anger. This causes breathing to be impaired (the requirement for energy of breathing goes up from 3% to about 33%. This drain on energy means the heart is not delivering supplies to the brain properly simply because the heart is not pumping very well and the lungs are doing something very different than normal. read Stark and Stark's The Carbon Dioxode Sydrome", especially the "Bohr effect". pp151. To make a long story short, about 50% the oxygen normally supplied to the brain is getting there.
As is sort of well known a person can adjust about everything. The breathing warm up for Tia Chi is a nice one if you want to impress yourself with how screwed up you are in the CW trading modus.
Thanks for the laughs (especially the Tai Chi exercises, LOL there's always a new angle with you).
According to your comments, I guess Tums, nkhoi, romanus and gauvaman (among others) are about three months away from being multi-millionares, right?...
Yeah, right. Thanks for the post, you're entertaining (as always) and continue to move further away from helping your so-called students achieve profitability in the markets with every post you make.
Keep up the good work.
