Quote from Thunderdog:
Just to be clear, I don't think I ever said that Jack's methods don't "work." If anything, I may have commented that they appear unnecessarily complicated. However, that is just a personal bias. What I have an issue with is that Jack claims to make 3 times the daily range with regularity, and that he can average 4-7% per day.
Mark, if you have traded for any length of time, and it appears that you have, then you will have to agree that such claims are beyond anything that has ever been achieved in the financial arena, ever! EVER! It is such claims of profitability, which I believe are not achievable with regularity, and his pompous attitude towards others who dare to question anything he says, that grates on my nerves. Why would I spend my time learning a trading method when I already have and use one? I am not the one making the claim. I am the one questioning the claim. The onus of proof is customarily on the one making the claim, particularly when it is patently absurd. If someone claims, but refuses to prove, that he has a machine that turns copper into gold, is the onus on me to prove it is not so?
The man is full of shit. This is not an insult. It is the considered observation of anyone who lives in the real world and has read any of his posts and his claims. I invite you to do so. Of course, he is entitled to be full of shit. It is his right. However, I am entitled to call him on it. It is my right.
If Jack does not want to be called on his claims, then he should not make them. If he does not want to prove his claims, then he should not make them. If you disagree with this premise, then you are being unreasonable.
Although my reply was to you...
My commentary about seeing many traders state for
fact that the method does not work when in fact they have not used the method applies to them and not to you after you've make it clear what's bugging you.
Further, I have not read any post by you that made similar like
claims that Jack's method does not work.
Therefore, to be clear, I don't side with either side of the camp.
Getting to my point again.
Your own poll you started about this issue currently reflects about 92 traders that saids they've used the method for at least 6 months and have not been profitable.
However, not one single proof to verified such a
claim.
Not one single trading day with a P/L statement.
No matter how you look at it...that poll clearly represents BELIEFS and bias...
Nothing factual about the poll until at least one trader steps forward with verifiable proof the
claim they made is true.
Also, I could care less if Jack claims to make 30x the daily range in a single trading day every trading day of the year.
To constant challenge something you feel strongly isn't possible...
Why continue with the war as if magically he will change his mind and state something different that's closer to reality.
Isn't it a waste of your time and energy especially since its been grating your nerves for a very long time?
...pompous attitude towards others who dare to question anything he says, that grates on my nerves...
Yes...you are right...you are not the one making the claim and it seems (am I right) that this is obviously more than just his trade methodology???
However, many Jack bashers are making the claim that his method does not work when in fact they've never used nor learned the method (review your poll).
...If Jack does not want to be called on his claims, then he should not make them. If he does not want to prove his claims, then he should not make them. If you disagree with this premise, then you are being unreasonable.
I will repeat to you once again in case you didn't read it.
Both sides of the camp are making many claims as fact and both sides of the camp getting caught up with a lot of other stuff that grates their nerves that has nothing to do with the method itself...
Thus, I do not disagree with your premise.
However, your premise works on both sides of the street that are making claims.
In addition, I do not (have not) seen you address those traders making claims it doesn't work without any verifiable proof nor do I expect you to do such considering there's other stuff about Jack that grates your nerves.
That's my point and if you can't see that...who's unreasonable???
P.S. There are things about many traders here at ET that grates my nerves...including things about Jack.
I just don't have the time and energy to go after them for many months or longer.
Mark
