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

Quote from MandelbrotSet:

Because he was too embarrassed to be "this guy".

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2459050>

Oh well ... we pretty much told him how it was going to end. :p
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haha.

Nice photochop.

:p
 
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Quote from Trader666:

Here you go again, trying to obfuscate the poor performance of your "methods."

For those not familiar, I backtested Jack Hershey's model of the price, volume relationship on 1000 S&P stocks over a 5 year period by buying the "0 to 7 turn" described in "Tomorrow’s Paper Today" (attached) and exiting 5 days later.

Now I'll address each of your red herrings:

1) The wrong market -- please show us where in your paper it says the "P, V relation" doesn't apply to stocks or where it says it only applies to some prescreened universe. This is one of your standard "smoke and mirrors" techniques -- adding conditions AFTER THE FACT, in this case after the publication of "Tomorrow's Paper Today."

2) Not using the underlying relationship -- I used Spydertrader's code for the scoring.

3) Exits -- I've told you many times before why I used time exits instead of the 4 to 3 transitions called for in "Tomorrow's Paper Today." And the reason is, your "model" is so BROKEN that the transitions from 4 to 3 are VASTLY outnumbered by the 0 to 7 transitions... enough to make the average trade last for YEARS. So I exiting 5 days later (which worked better than 1,2,3, or 4 days). Time exits are a legitimate way to test entries. You can pretend they're not but that will only make you look even more ignorant about backtesting.

P.S. Why hasn't ScottD updated us?
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Quote from ByLoSellHi:

haha.

Nice photochop.

:p
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Yeah I know, hysterical, isn't it? :confused: :D

Trader666 has been getting compliments on it left and right, hell even the Hershey stooges think it's pretty good. :)
 
To serve and protect ET from Jack Hershey we bring you the most dedicated couple here on ET... Its the Hershey Highway Patrol. Trader666 who has an 18 story database of Jack Hershey archives and a detective kit plus his fearful partner Mandelbrotset who backed out of a trading challenge and supports both himself and T666 with his busboy job at the local diner.




undercover_cop.jpg
...Rare photo of Trader666 not in his basement. He is obviously on a Jack Hershey mission in uniform and ready for inconsistencies. Look Out!!


jatdetective500.jpg
...if you wanna be apart of the HHP you better forget about conventional training and get this. Trader666 bought this kit online and used it to perfect his skills in finding inconsistencies in trading methods.


dirty-dishes.jpg
…here is a current picture of Mandelbrotset at his current job as a busboy. Sometimes he scrounges up food off of the dirty plates and tries to entice Trader666 to leave his basement and come to the diner for a bite to eat. But of couse Trader666 will not leave his basement/bash jack even if it meant starving to death.


stalkers.jpg
… And here is Trader666 hiding in Jacks bushes waiting for inconsistencies. He will stop at nothing in his quest for Jack Hershey degrading information even if it means to never accomplish a single thing for the rest of his life.


SleepingComputer.jpg
... This is trader666 sleeping at night. If anything Jack Hershey related comes up during the time he sleeps his computer will sound an alarm and he will respond like greased lightening with pictures and degrading material relating to Jack.

2893258055_7e1defb4f4.jpg
... And if you thought a life dedicated to Hershey bashing was easy take a look at Mandelbrotset hiding under the covers. Being that this entails harsh criticism you may find someone challenging you to trade... in person. Mandelbrotset totally and completely backed down from a trading challenge live and in person recently. He was later found shivering under the covers. The lesson is that most people who suck balls at trading are the ones who would dedicate their lives to help you stay away from trading inconsistencies.


The Hershey Highway Patrol are on the job 24hours a day. You can count on them for finding trading falacies and reasons why Jacks method doesn't work. They could care less about profitable trading, life or the joys of the world. They've got a job to do and they will never give up!!!
 
Quote from blankmanna:

Wow thats the same picture that Trader666 posts all the time. Looks like Trader666 took some time out of Hershey bashing to make up an alias.
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