why this board isn't healthy if you trade for a living

Well private, I'm certain that for a moron like you it would be a waste of time.
Quote from The General:

I will "spell" it out again-for those who have some difficulty in understanding-backtesting is a total waste of time-period.
More...
 
Quote from Trader666:

What you've described (curve fitting) is flawed backtesting. That's like saying hammers are worthless tools because driving screws with them doesn't work.

One can't use charts and also reasonably and intelligently dismiss backtesting because both use past data... only backtesting is more objective.

From the comments people have made it's clear they don't have even a basic understanding of backtesting. Not only do I KNOW for a fact that backtesting is a valid concept from my own experience, here's a quote from a world class trader on it... ignorant people will dismiss this as well but nobody who's ever posted on ET is even in the same league as William Eckhardt.

"I know of no way to validate conjectures concerning technical trading without back testing"
--William Eckhardt
More...
I can't imagine how anyone can dispute that argument with a straight face.
 
Quote from Thunderdog:

I can't imagine how anyone can dispute that argument with a straight face.
More...
... "with a straight face" being the operative phrase here.

But, unfortunately suma66 etc., is the biggest hershey stooge on the site, and has no problem faking trading, telling tall tales, or basically doing whatever it takes to keep the jack hershey shuffle going ... a pity he doesn't even know how to dress for a sophisticated evening out on the town. :D

And the general (lowercase) would rather wax prosaic about his capped volume charts and his perfect (hindsight) trading ... him being critical of backtesting is probably the most ironic statement made on this thread! :eek: :p

Troll and Fools, one and all.
 
So I leave you with this thought
It’s plain for all to see
That jack hershey is a fool
And only a troll would disagree

A multi-alias troll
Who pretends to hide his anonymity
But posts in the exact same tone,
As all his other aliases
Is someone to be pitied, by you and me

They can’t see beyond
Their raging Egos and Personalities
They demand to be right no matter what
And try to fight
When you won’t give them your trust

So don’t take too seriously
The words of any of these Fools
For to do so would put you on their level
And make you, just like them,
A Tool

:)
 
Quote from Trader666:

If the past is irrelevant as you claim, then so are charts. Checkmate idiot.
More...

A chart can show you what is happening now-which is far more important that what has happened-or what will happen.

You and your like more than likely have all of those "aids" to assist you is trying to tell the future from the past.

If you can't see how stupid that is-then you best not trade with real money-which I doubt most of you do anyway-for if you did then you would know only too well how good "backward" testing really is.

I can see that you are one spoiled little child-used to getting your own way-and if not you scream and cry until you go blue in the face.

When you have soiled your nappy a few times you will then see what good your "backward" testing really is-and then you will remember what The General said-but it will be too late by then-for when a child gets bad habits at a young age it is next to impossible to train him in the correct-and best- way to conduct himself.

For those who want to listen to Homeric Lore-then by all means listen away-but do not expect a round of applause when you try to Rhapsode your way around ET-for like Socrates-there are a some traders here that know what you and your like really are-and that is-spoiled little children who need a good kick up the ass to stop you winging and babling on about what you know about trading-which is really nothing.

Any person seriously considering trading fulltime would be the biggest fool in the world to listen to children like you-but you do provide some amusement for the "real" troops in the "real" brigade.

It looks like they have all taken some time off to read your posts.

The General
 
Quote from Trader666:

What you've described (curve fitting) is flawed backtesting. That's like saying hammers are worthless tools because driving screws with them doesn't work.

One can't use charts and also reasonably and intelligently dismiss backtesting because both use past data... only backtesting is more objective.

From the comments people have made it's clear they don't have even a basic understanding of backtesting. Not only do I KNOW for a fact that backtesting is a valid concept from my own experience, here's a quote from a world class trader on it... ignorant people will dismiss this as well but nobody who's ever posted on ET is even in the same league as William Eckhardt.

"I know of no way to validate conjectures concerning technical trading without back testing"
--William Eckhardt
More...

Can you at least quote a "new verse"-for you and your mandleson stooge are like violins.

Both of you-and a few more-are clueless idiots who would not know one end of a chart from another.

"But I know Mr.E"-ain't I a smart little toddler.

If you were to go on TV for "Am I smarter than a 10 year old"-you would more than likely win the prize for the most stupid contestant ever to be on the show.

As for mandleson-he is another one of the "clueless click"-and he is in fact nearly surpassing you-if that is possible?

The General
 
Quote from MandelbrotSet:

So I leave you with this thought
It’s plain for all to see
That jack hershey is a fool
And only a troll would disagree

A multi-alias troll
Who pretends to hide his anonymity
But posts in the exact same tone,
As all his other aliases
Is someone to be pitied, by you and me

They can’t see beyond
Their raging Egos and Personalities
They demand to be right no matter what
And try to fight
When you won’t give them your trust

So don’t take too seriously
The words of any of these Fools
For to do so would put you on their level
And make you, just like them,
A Tool

:)
More...

What kind of a silly post is this?

I hope you are not trying to oust Trader999 as the leading Rhapsode on ET-for if you try that then Mr E.Homer will be very disappointed with you.

You and your like are clueless-and you will always be that way-for it is bred into you-and the only way to change bad breeding is to let it die out-or-become extinct.

The General
 
ROTFLMAO!!!! What an ignorANUS!!! :p

OK fool, show us your magic charts that are "past-free." Even the latest tick is the past by the time it shows up on your screen. And everything before it is ancient history.

As I said... one can't use charts and also reasonably and intelligently dismiss backtesting because both use past data... only backtesting is more objective.
Quote from The General:
Quote from Trader666:

If the past is irrelevant as you claim, then so are charts. Checkmate idiot.
More...
A chart can show you what is happening now-which is far more important that what has happened-or what will happen.
More...
 
Is this supposed to somehow shoot down my argument? And you call yourself "the general?" What a joke :p

All you can do is mindlessly dismiss this because reasoned thinking would be like a superpower to an ignoramus like you.
Quote from The General:
Quote from Trader666:

What you've described (curve fitting) is flawed backtesting. That's like saying hammers are worthless tools because driving screws with them doesn't work.

One can't use charts and also reasonably and intelligently dismiss backtesting because both use past data... only backtesting is more objective.

From the comments people have made it's clear they don't have even a basic understanding of backtesting. Not only do I KNOW for a fact that backtesting is a valid concept from my own experience, here's a quote from a world class trader on it... ignorant people will dismiss this as well but nobody who's ever posted on ET is even in the same league as William Eckhardt.

"I know of no way to validate conjectures concerning technical trading without back testing"
--William Eckhardt
More...
Can you at least quote a "new verse"-for you and your mandleson stooge are like violins.

Both of you-and a few more-are clueless idiots who would not know one end of a chart from another.

"But I know Mr.E"-ain't I a smart little toddler.

If you were to go on TV for "Am I smarter than a 10 year old"-you would more than likely win the prize for the most stupid contestant ever to be on the show.

As for mandleson-he is another one of the "clueless click"-and he is in fact nearly surpassing you-if that is possible?

The General
More...
 
Quote from Trader666:

ROTFLMAO!!!! What an ignorANUS!!! :p

OK fool, show us your magic charts that are "past-free." Even the latest tick is the past by the time it shows up on your screen. And everything before it is ancient history.

As I said... one can't use charts and also reasonably and intelligently dismiss backtesting because both use past data... only backtesting is more objective.

A chart can show you what is happening now-which is far more important that what has happened-or what will happen.
More...


I could show you more than you would ever imagine about charts-but if I did show you one little corner of the chart-I would be feeding your crying little babbling habits.

What you need is a good talking too-but as you are now more than likely wearing adult nappies-it is probably way too late.

Like that mandleson fellow-I am afraid that the only thing left for you is the past-which you might see tomorrow-if you get my drift?

As for Homer-I can now see why his lore is so bad :D

http://www.turtletrader.com/trader-eckhardt.html

The General
 
You must log in or register to reply here.
Back
Top