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

Quote from Trader666:

Jack, let's cut through all the bullshit. If you're anywhere near as good as you claim, why didn't you turn $10 thousand into $1 million in 100 days and post updates on ET like you promised your former IBD group you would?

The meetings during the summer were outlined on the first pages of the reference I gave you for increasing capital by an order of magnitude.

There you see the upcoming speakers and how the time was going to pass.

The 22JUN06 meeting camtasia and transcription began the process.

Time passed and the 22JUN06 transcription was updated (in bold print with 26 illustrations) to include a summary of how things went. It is in bold and deals with two days specifically and a week.

The dates involved center on 08OCT06 and 09OCT06. Anyone who used the referenced document can see how the IBD MeetUp continued to deal with the one pager (from whence the three rules I posted came from) that was presented in that document. There you see an example of a member of the group holding, on the Friday (06OCT09) before, several streams of capital that were discussed on a Sunday and then traded on Monday.

You have the document and the video and you saw the time pass and you have the intervening vidoes and transcripts from the archive.

You know continued support was provided. You know that the person in the example was a member and that he traded. You know that the beginning and end dates of the original and the updated document complete the 100 days.

Three years have passed. The person in the example is now on the board of our foundation. The person is also on Scott's team developing the Cash Cow. We currently have work sessions scheduled as far out as 21JUN09.

You saw on the list of speakers in the document , people from other parts of the country. They can afford to travel to Tucson to speak because they are full time traders using SCT and PVT.

Where we are now is that several years ago you were given by my posting it here, the one pager (that was the subject of the 22JUN06 meeting) to have and "back test". So were many others who went to the meetings and who saw the post here.

So for several years, you did not get it that the 100 days were done and reported out by updating the document with one of the members results.

You say you are practising satire to cover for your decisions regarding having the one pager, having the rules, having the Universe whch was continually posted and updated, seeing the daily hot list posted here, seeing other's post their trading, seeing the daily posts in ET of one of the speakers who took part in the 100 days.

There are few people in the world such as you, who since mid 2006, have been surrounded by information, skilled traders who will answer your questions, documenting videos and their transcripts of the 100 days and the next 1000 days where the record has been continued who have turned to "satire" instead of becoming wealthy.

You didn't, in fact, turn to "satire". You have been doing something else for which you get the consequences.

You found out how the one pager performs. You have seen the results of a person moving up to 100 trades a year by using crossover trading on the one pager. You already knew there was an ATS older than ET that made 11.1% on average with holds of 6.6 days. You knew the real time PnL of that ATS was made public as well And you knew the code was being handed out then.

Your "Satirical" back test was just a bad joke on yourself, just like BW's BS is a joke at Fidelity or C2 where he tries to vend software for a fee.

You guys are living proof that dumb greedy people cannot steal the ideas and methods of others.

Any person who puts in the work to do the learning process can trade any liquid market all in all the time. These kind of people have minds that can reason critically and they can recognize when or not something is "satire".

We have a five year record here of presenting what can be learned. We have supported the Q and A part of learning. Many many people have chosen to do the work.

You decided not to and you have the consequences of getting to the irreversible state you now live in.
 
Don't tell me what I have and what I know. You can't coherently string a few words together, let alone read my mind.

Here's the tape transcript. Please post links showing where you did this.

"and I'll be posting prints on a couple of accounts over time at elite trader just as a measure of this is how it really works... you know, just throw some money in some accounts, make 'em work for a while and we'll see how it goes. we want a change in order of magnitude... does everyone know what that means in wealth? see, right, yeah it's ten times. we'll take a $10,000 account and we'll see how long it takes to make it to 100,000... and then we'll take the $100,000 account and make it to a million... with this group. and we're doing it now and i'm starting tonight... at approximately four times the rate i need to do it, to get it done in 100 days"

Quote from jack hershey:

The meetings during the summer were outlined on the first pages of the reference I gave you for increasing capital by an order of magnitude.

There you see the upcoming speakers and how the time was going to pass.

The 22JUN06 meeting camtasia and transcription began the process.

Time passed and the 22JUN06 transcription was updated (in bold print with 26 illustrations) to include a summary of how things went. It is in bold and deals with two days specifically and a week.

The dates involved center on 08OCT06 and 09OCT06. Anyone who used the referenced document can see how the IBD MeetUp continued to deal with the one pager (from whence the three rules I posted came from) that was presented in that document. There you see an example of a member of the group holding, on the Friday (06OCT09) before, several streams of capital that were discussed on a Sunday and then traded on Monday.

You have the document and the video and you saw the time pass and you have the intervening vidoes and transcripts from the archive.

You know continued support was provided. You know that the person in the example was a member and that he traded. You know that the beginning and end dates of the original and the updated document complete the 100 days.

Three years have passed. The person in the example is now on the board of our foundation. The person is also on Scott's team developing the Cash Cow. We currently have work sessions scheduled as far out as 21JUN09.

You saw on the list of speakers in the document , people from other parts of the country. They can afford to travel to Tucson to speak because they are full time traders using SCT and PVT.

Where we are now is that several years ago you were given by my posting it here, the one pager (that was the subject of the 22JUN06 meeting) to have and "back test". So were many others who went to the meetings and who saw the post here.

So for several years, you did not get it that the 100 days were done and reported out by updating the document with one of the members results.

You say you are practising satire to cover for your decisions regarding having the one pager, having the rules, having the Universe whch was continually posted and updated, seeing the daily hot list posted here, seeing other's post their trading, seeing the daily posts in ET of one of the speakers who took part in the 100 days.

There are few people in the world such as you, who since mid 2006, have been surrounded by information, skilled traders who will answer your questions, documenting videos and their transcripts of the 100 days and the next 1000 days where the record has been continued who have turned to "satire" instead of becoming wealthy.

You didn't, in fact, turn to "satire". You have been doing something else for which you get the consequences.

You found out how the one pager performs. You have seen the results of a person moving up to 100 trades a year by using crossover trading on the one pager. You already knew there was an ATS older than ET that made 11.1% one average with holds of 6.6 days. You knew the real time PnL of that ATS was made public as well And you knew the code was being handed out then.

Your "Satirical" back test was just a bad joke on yourself, just like BW's BS is a joke at Fidelity or C2 where he tries to vend software for a fee.

You guys are living proof that dumb greedy people cannot steal the ideas and methods of others.

Any person who puts in the work to do the learning process can trade any liquid market all in all the time. These kind of people have minds that can reason critically and they can recognize when or not something is "satire".

We have a five year record here of presenting what can be learned. We have supported the Q and A part of learning. Many many people have chosen to do the work.

You decided not to and you have the consequences of getting to the irreversible state you now live in.
 
Quote from bwolinsky:

Go fuck yourself, Jack. Your system as it was presented doesn't work, and requires substantial modifications to be profitable.

I'm a top trader, and by you thinking your system has that capability you delude yourself. You're the biggest fucking nutcase on this site. I've handed you at least some figment of credibility, but you carry on saying that that's not your system, when it was certified by you as your system. Scottd proved it doesn't work. You're out of your fucking mind crazy if you think you take 10k to 1m. Jackass. Can't believe I even waste my time with your bullshit.

No one has done more to further your ideas than I have. There is no system that does what you're talking about. You're a deranged old man for even thinking that's possible.
LOL

Hope they let you out of the Looney Bin on the weekends, jack hershey. :p
 
06-12-09 01:23 PM



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Quote from bwolinsky:

Go fuck yourself, Jack. Your system as it was presented doesn't work, and requires substantial modifications to be profitable.

I'm a top trader, and by you thinking your system has that capability you delude yourself. You're the biggest fucking nutcase on this site. I've handed you at least some figment of credibility, but you carry on saying that that's not your system, when it was certified by you as your system. Scottd proved it doesn't work. You're out of your fucking mind crazy if you think you take 10k to 1m. Jackass. Can't believe I even waste my time with your bullshit.

No one has done more to further your ideas than I have. There is no system that does what you're talking about. You're a deranged old man for even thinking that's possible.
--------------------------------------------------------------------------------


LOL

Hope they let you out of the Looney Bin on the weekends, jack hershey.


That was a funny post.

The perspective especially.

What systems do or do not do is a function of their taking the market's offer.

Since BW cannot see the offer, then he will have difficulty creating and ATS that relates to the offer.

One way to focus on the offer is to deal with the parametric measure of the offer. By now, everyone should know that the requirement is to deal with the time rate of change of the variables.

If one did this, then what is the simple variable measures of the end of profit sectors?

Would a person be able to figure out that there is an identity that is created at the end and at the beginning of a profit segment at one point in time?

I gave T6 three rules that deal with position trading stocks long. Did he understand how to trade those stocks short as well? Well no, of course not. He is still looking for the information he isn't aware of from mid 2006.

In the 26 snapshots shown it is also possible to see the short trades that occur in the Universe for that day and that week.

Think about the "satire" I have created for three years. Everyone who is trading PVT who wishes is connecting daily with all the others who are trading PVT. They all have handles and they continually chat with each other between meetings. Among others are people who come from other countiees and live in Tucson at destination resorts. IBD only met every other week. So the inbetween weeks there were subgroups who met here and there. Maybe googling on the Triple T Truck stop thursday's meetings would help T6 and BW (my greatest supporter who can't help T6 out...LOL). Don't forget the 4th of July 2006 BBQ either.

I don't think T6 knows the ET handles of the guys from LA, San Diego , the Carolina triagle, NYC, and Chicago who flew in for the meetings and who posted here during that time and more recently.

On each snapshot there are two time rate of change columns. the universe rank of each stock in the list is a time rate of change measure.

All of SCT is based on time rate of change. the hypothesis set key words are words that are time rate of change words. Four words. The parametric measure used for the hypothesis set is in terms of time rate of change.

Those who seek the Holy Grail follow a path that comes to a spot called "time rate of change". It is, of course, a satirical space because it is always there and no one every sees it.

So for years and years I've been setting up T6, trader 28 and all the other B people by not telling them about the place on the path to the Holy Grail called "TRC". They do not know that the slope of a line on a chart is a TRC indicator.

They do not know that reversion the the mean is a time rate of change based indicator.

Do you think any of these types of people can understand vanishing points an asymptotes to lines that "slope"?

Do you think any of these guys understand what "zero slope" means in terms of end effects of profit segments?

I'm 76 and I can remember every part of the science based classes I ever took. they all fit togther as pieces of what is required in the mind for critical thinking.

Volume's periodicity is twice that of price in cycles. Accumulation/distribution periodicity is twice the periodicity of volume. Do these guys understand how scorring with P, V and A/D works? Noooooo not a chance in the world.

These are knot heads with satire on the brain.

f you have integrated periodic cycles in a fixed ratio, do you think the first and second derivative means anything?

Well it does. It means probability is not required to trade.

It means What Must Come Next (WMCN) is always available to the trader.

It also means WWT is VERY APPARENT.

Programming to make money in the markets is not done with signals to any extent. Programming to make money is done with the logic of filtering and gating.

You three guys do not know shit.
 
The only way to reply to a jack hershey post:

Quote from tradingbug:

Thanks for the reply [jack]. I have read it numerous times and I'm sure it will make more sense with time.

(and that is from one of his students!) ... LOFL :D :D :D
 
Your whole post is one big obfuscation and I don't have time to rip it apart piece by piece. So I chose this part that I've corrected you and your glassy-eyed followers on at least a dozen times already... and you still misrepresent it. I used sypdertrader's code for the scoring. Here it is: http://wl4.wealth-lab.com/cgi-bin/WealthLab.DLL/editsystem?id=51659

Your "methods" backtest poorly because they're at odds with reality... not because we didn't test them properly.

Quote from jack hershey:

Do these guys understand how scorring with P, V and A/D works? Noooooo not a chance in the world.
 
In ScottD's last post on ET (March, 2009) he said Cashcow 1.2, which had been certified by Jack, was not consistently profitable.

Jack claims ScottD is still working on Cashcow but I asked ScottD for an update in May and still haven't heard back. :p
http://www.elitetrader.com/vb/showthread.php?s=&postid=2438060#post2438060
Quote from ScottD:

We’ve made substantial progress and this seems like a good time in the project to draft a summary of where we’ve been and where we’re heading.

Progress and milestones
• We started the Cashcow project in earnest on December 9, 2008.
• Jack and I have established rapport, clear communications, and an effective design-build process.
• We have codified a powerful set of logic, and Jack has certified each major release so far (1.0, 1.1, 1.2) as accurate.
• We created an ATS dashboard, which has turned out to be an efficient and effective analysis, diagnosis, and validation tool.
• We publically shared the baseline logic and code. Others, even antagonists, have taken the ideas and run with them, a beautiful thing.
• The “I deserve…” , “feed me…”, “it’s not possible [for me]…”, and the “I’ll take but not give…” types display their true colors and filter themselves out.
• We continue to share the latest ATS with a self-selected community of contributors from around the world.

Real world testing and performance
• We have been focused on deductive reasoning instead of curve fitting profits. Having said that, we did expect each release to be profitable.
• Each logic release has had some profitable days and flashes of brilliance, but the logic has not been profitable over a sustained multi-week forward test or multi-month back test period.
• Notwithstanding, I feel we have made truly excellent progress and we'll get there.

Looking forward
• Release 1.3 is work-in-progress and includes powerful new logic, such as Hold, Major Change, and Volume Differentiation.
• Release 1.4 is scoped to include MACD Sequences and Rays.
• I feel it is possible to design and build a profitable ATS based on ‘beginner’ logic.
• I feel there is a real advantage to designing and building a profitable ‘beginner’ release prior to incorporating greater sophistication/complexity

associated with YM or intra-bar decisions.
• The ATS architecture and code remains organized, modular, clean, intuitive, flexible, easily modifiable, and easily validate-able.
• We continue to deductively analyze the real world performance and make excellent additions and refinements.
 
I am too lazy to read 160 pages.... but I tell ya from years of experience, only 2% of the content is useful... the other 98% may have some entertainment value.

The key is to find that 2%

If you don't want to spend the time to find it, let me know.... everything has a price.

:D :D :D
 
Let's see who doesn't know shit.
Quote from jack hershey:

You three guys do not know shit.


Roughtrader started his journal 03-25-09 11:07 PM and since then your claims about his performance have changed as follows.

04-23-09 01:26 PM
"For SCT like trading, rough trader takes 1500 dollars to 94,000 dollars"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2399521&#post2399521

To:

04-26-09 06:51 PM
"Bottom line: looks like roughtrader makes 20,000 a month on two contracts average while scaling out of entries on his ATS"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2403231#post2403231

To:

05-22-09 07:28 PM
"Rough trader is only making a couple thousand a month on a couple of contracts. He needs to make one adjustment to make 20,000 a month. He needs to add 18 contracts to his trading cars"
http://www.elitetrader.com/vb/showthread.php?s=&postid=2437715#post2437715
 
Let's see who doesn't know shit.
Quote from jack hershey:

You three guys do not know shit.


Ask Neoxx how Jack's "teachings" really worked out for him :p
Quote from jack hershey:

Neoxx only makes have the ATR nowadays. What he makes is unimportant; it only doubles his capital every three days.

How will you feel in 25 minutes if you have not saved this post in word? Find out don't save it; don't even think about what you just read about someone else's effort who is only doubling his money every three days by compounding capital.
 
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