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oraclewizard77
Moderator
Registered: Jan 2006
Posts: 2325 |
10-29-11 09:28 AM
He did post a live signal. I got a pm from him with a signal that worked out just as he suggested.
Why do you expect him to hand feed you money? Is it not better to teach someone to fish, then to give them a free fish?
If you get nothing out of his system, then don't follow it. However, people keep coming here and asking for a free system, he is one of the few that provided one.
I could teach someone to trade, but after the time, effort, and money I put into developing my system, I would not do it for free.
Maybe Jack likes to write a long answer, but maybe he is a genius. Do you expect a genius to think like you or me? If his system is long and complicated, do you think the code for those high frequency bots are short and simple? If trading were easy, everyone would do it.
Quote from jsp326:
What about the first two questions? You'll probably duck them again, but there they go:
1) Why haven't you entered any more trading contests after getting humiliated back in 2002?
2) Why not post your live signals. Brag all you want about how incredible your method is...no serious trader will care a bit until they see some evidence.
As for the rest of your spiel, I could read stream-of-consciousness self-help stuff in all sorts of other books, blogs, etc. That's not what I asked for.
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RCG Trader
Registered: Dec 2009
Posts: 10333 |
10-29-11 03:28 PM
Quote from oraclewizard77:
He did post a live signal. I got a pm from him with a signal that worked out just as he suggested.
Why do you expect him to hand feed you money? Is it not better to teach someone to fish, then to give them a free fish?
If you get nothing out of his system, then don't follow it. However, people keep coming here and asking for a free system, he is one of the few that provided one.
I could teach someone to trade, but after the time, effort, and money I put into developing my system, I would not do it for free.
Maybe Jack likes to write a long answer, but maybe he is a genius. Do you expect a genius to think like you or me? If his system is long and complicated, do you think the code for those high frequency bots are short and simple? If trading were easy, everyone would do it.
I think it is human nature. I have often told people thru the years to just follow the program. PVT, Rockets, Icebergs, and then SCT. Everyone jumps straight to SCT.
Jack has put together a comprehensive program to help people learn to trade and put a little money in their pocket while they learn. If you cannot keep a Universe of stocks and rotate them accordingly, why would you expect to have the discipline for SCT? But many do think this.
I realized that a lot of people on this site have no education, and let's understand that a college degree does not make one educated, it makes one trained, and there is a huge huge difference between the two.
A program has been laid out over a decade. First learn PVT. Then, be a rocketeer. Then Iceberg. Then SCT. So simple, yet, so hard.
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jack hershey
Registered: Feb 2003
Posts: 7480 |
10-30-11 12:50 AM
Quote from jsp326:
What about the first two questions? You'll probably duck them again, but there they go:
1) Why haven't you entered any more trading contests after getting humiliated back in 2002?
Most of the time, my interest was trading using POA's of professional people.
I magine you are a professional and you want to help the less fortunate, BUT you cannot afford a day a week to do that. I connected to a limit of fifteen such people. I used their POA's given to me to trade their accounts. their wre two consequences: they helped others one day a week and they built their retirement capital.
Think of it as fifteen concurrent trading contests where they had proven to themsleves that they could contribute time to help others.
WOM is how this happened for these people.
My best stock trading day of 17 points net on 100,000 shares was spread over 11 of these type accounts. Maybe you can imagine this as winning the lottery that day.
2) Why not post your live signals. Brag all you want about how incredible your method is...no serious trader will care a bit until they see some evidence.
My live signals are monitored by various people. They coattail trade me and others (regulators (SEC, inparticular)) see me trading multiple large accounts and frontrunniing the market. They convince themselves I am doing something illegal. They issue citations. At that point, my broker's lawyers have to straighten them out. So they get straighterned out and the citations are removed.
Thus what you wanted to happen as you sit on your ass, has happened and the people involved have been straightened out on their mistakes.
As a matter of fact we traded live for over a year in a thread and you were here and you missed out. check the date you joined and check the dates for that year and see that they overlap.
As for the rest of your spiel, I could read stream-of-consciousness self-help stuff in all sorts of other books, blogs, etc. That's not what I asked for.
Reading is a fool's game as has been pointed out to you. You do not "get it" that passive types of wasting time do not work. Things you read may make money for others and NOT you, however.
You are valuable member of ET; you show how failure works.
What I show is that there are many ways to make money. I also show the most valuable paradigm as yet published. People who feel empowered to judge and make the mistaken judgements also prove how the financial industry is screwed up. Now, we have a long term Depression to show for it and we have a non regulated industry that lacks integrity.
I and others who have done the WORK to fully differentiated their minds are parasites of the on going fiasco (see page 199 of Larry Harris). We continue, with immunity nowadays to frontrun the big boys and they push us in taking our profit segments.
You crossed the line in the sand and can no longer reason through how markets work and how to trade them. You built an erroneous belief system which is not differeniated. The consequence is that you and your kind are denied the knowledge and skills of trading the markets.
No one cares, it turns out. 90% of potential traders turn out as you did. Too bad for you and your kind. Get some popcorn and keep reading along side your buddies and the SEC
For others who are doing the drills. (THE "work") You are building your minds to be able to "read" the market just ahead of how and when it unfolds. Soon you will recognize the interlocking order of events on the fractals surrounding your hold/reversal trading routine called MADA.
The movie "Margin Call" is a good example of the two groups who trade the markets. Those who know how the market works and those who do not. I have never seen a financial firm where those in control knew how the market works. Their underlings were powerless.
See "Moneyball" to find out how an astute money manager rises like creme to the top by letting his stat guy (Pete) coach his players to refine and develop their demonstrated skills.
Watch "The Temple Grandin Story" over and over until you figure out how a mind is built from scratch.
I had myself wired last night for an 8 hour recording session. The raw results will be 6,000 pages long. Tuesday, I get the prescription for my new appartatus. From that I will have a specifically tailored machine attached to my oxygen collector so I will not be permitted to stop breathing at night ever a gain. I had my first expeience of a machine pumping up my blocked system to the point that my system woke me up each time the pressure got released through my closed mouth which was blown open to wake me up. It is such a cool thing to get wired up to make a machine handle the symptoms by brain wasn't handling.
I get my bionic eyes sandpapered in laser surgery on the ninth.... Got got trifocal lenses and I regrew my cornea's after they punched about 70 small holes in my pupil boundaries for pressure control (to keep my retina's attached).
Popcorn is such a good idea for the non learning public who just reads and stays in the CW of the financial industry. Watching them do their Behavioral Finance errors and shortcomings is a lesson to us all. (See "BF or BS?" on Behavioral Financial home page. Also read the mistaken pseudo science of Andrew Lo of MIT and Congressional Testimony fame.
B2B 2R 2B ....lol
How neat it is to move from three up/downs to two left/right triads.
The Holy Grail turns out to be an orientation that is orthogonal to the CW.
What a cool paradigm shift!!!!!!! The blind can't see it at all and they prove they can't.
Party time for me.....
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mcdull
Registered: Feb 2009
Posts: 51 |
10-30-11 01:32 AM
Quote from oraclewizard77:
He did post a live signal. I got a pm from him with a signal that worked out just as he suggested.
Why do you expect him to hand feed you money? Is it not better to teach someone to fish, then to give them a free fish?
If you get nothing out of his system, then don't follow it. However, people keep coming here and asking for a free system, he is one of the few that provided one.
I could teach someone to trade, but after the time, effort, and money I put into developing my system, I would not do it for free.
Maybe Jack likes to write a long answer, but maybe he is a genius. Do you expect a genius to think like you or me? If his system is long and complicated, do you think the code for those high frequency bots are short and simple? If trading were easy, everyone would do it.
Hi oraclewizard,
Where can I find Jack's live signal post?
Thanks & Regards,
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