2007 will also produce a single platform where all of the coding for doing the routine and trading will be available. What does the above mean?
Jack, sounds great. What is the imprint and who is the coauthor? I'd be interested in getting a manuscript.
In Hershey's worldview there is no objective reality, just the one created by the individual. In this worldview backtesting is useless because it was created by someone else and hence from their universe and has no bearing on one's own universe. This is a specific comment on something. Currently I recommend the backtesting, indicator design and mechanical system development tools of the drag and drop method of the worden bros spin off called blocks player. It only handles EOD now but in a couple of years it will be able to handle real time data. For stocks there are several systems now that handle the PVT trading and they are available to anyone who wants them. these are mechanical rneditions. The results are being posted here by several people who are part of US. What this means is that there are traders who understand PVT and they are also programmers who can code the system so it is usable for making money using equities. There is a list of ET people who have not been able to do this. These THEM people have some difficulties. Three classes of difficulty are demonstrated by these people: 1. Knowing how to keep a universe up to date over time. 2. knowing the PVT system. 3. knowing how to program. All three aspects are needed to be able to draw conclusions and to back test. An externality is they the THEMs use the conventional orthodoxy and they are handicapped by viewing things from a viewpoint that is a different paradigm than the one being used in PVT. Generally, they cannot prvide their coding and moreso they are unable to understand what US people suggest to them to get straight what they have failed to grasp. This is especially true if fear, anxiety and anger are in the space for these people. Many people do various other kinds of what they refer to as back testing. Applying the tools of the conventional orthodoxy will always create a near miss. To make money trading, there are some very important considerations. All trading takes place in the present. I refer to it as NOW. The future comes into the present and NOW becomes the past. A person is in NOW all of the time. To work with the market requires that a person understand that the market is always right and NOW is the only thing that matters for doing trading and specifically doing the routine. Most people have never seen the market it turns out. They have a major right to show fear, anxiety and anger as a consequence. anyone can see the consequences these people exhibit of what they chose to do. Some things THEM types do are: 1. impose their will on the markets. 2. think that they are in a place to judge anything. 3. have the impression that they are in control and may be right in their judgements. 4. think that they have an "edge" or mathematical edge on the markets. 5. think that they can protect themselves by applying the rules of large numbers. 6. think that the markets are anything but psychological. 7. Think that they can hesitate and reconfirm anything. The US people operate in NOW and collect sets of data to make one determination. the analysis is simply to match clnclusions to the data set to determine one thing. That is the mode of the market. Us people are in the market, have positions that are of a size to take money out of the market in segments. We determine over and over in NOW the MODE of the market. Continue and change are the two mutually exclusive binary NOW possible conditions. Depending upon skill, knowledge and experience, more or less goes into this determination. At first only low risk high velocity trading goes on . Later effectiveness and efficiency enter the picture. Finally optimizing becomes important. The MODE determination is a sufficient condition test for staying on the right side of the market. US people share responsibilites all the time with the market. THEM people spend realtively little time in markets and they are not sharing responsibilities ever if at all. Extraction is like running a business instead of running a casino if even on the side of the house. In equities, Quality creates the universe and it is based upon repeatability and reliabilty. Only high beta stocks are considered because they have a very high money velocity of cycling. Cycling is a human psychology issue. Front running with leading indicators is the modus. In futures, three levels of data are considered and nothing else. If data sufficiency is attained on the coarse, then the MODE is knowable. What eever it take to know you know is the way data sets are determined. Each of the four parts of the routine require different thinking and bio chemicals. No biochemicals have long half lives in contrast to the proven long life bio chemicals of fear, anxiety and anger. So the snesory part of the routine focuses on complete, sufficient data sets that evoke the emotions of sucess (annotating andcollecting in a proper routine way)and comfort (knowing that you know). The rest of the routines do not involve senses and therefore do not involve emotions. The MODE is not determined using the senses. MODE is determined by pairing, a mental process only to be sure. Decisions are five in number and are determined by the MODE that has come from analysis only. The worldview is NOW. And the pairings come from experience both conscious (10,000 units per second) and unconscious (20,000,000 units per second) intake of experience. Do you see sports memory yet?? The mind builds shortcuts subconsciously. the parallel paths use fats acting short lived boi chemicals designed to be summoned in the absense of fear, anxiety, and anger (they cannot be summoned or used in the presence of the long lasting "survival" mechanisms. What does annotating into the future "feel' like? What does it feel like to see price moving in a container and reversing while in that container?? Hey baby its shagilelic!!!! It is not doing one or two trades a day. All separate and unconnected. It is a rythmmic continuous process on various levels of skills. what does it feel like to have reversed and then gone through a BO of an old ending channel while at the same time you are riding in a new channel as it moves from the future into the present. It feels like success and comfort and confident. It feels like looking at a gas pump fill up your tank with money all day long. Reality is NOW and the market is talking to you all the time. What is more objective than puposeful study and understanding throughout RTH's? The simple beginning with FTT to FTT trading and where you are always inside the active channel that you DREW yourself is objective, effective and efficient. Why bet, why forecast, why play the odds, why have protection, why target, ?????????? Is any of this opbjective in any sense?? I don't think so.. US is objective; THEM is gaming......risking.... betting...the whole nine yards ofsubjectiviity. US is anti whipsaw......THEM's hesitation on bets is whipsaw.....
Wow Jack, so lets get this straight you've had a career as a: author engineer legal expert witness doctor UN team leader in various missions llama trainer director on various corporations director on various foundations trading coach pilot ect. So my question to you is: is there any profession that you haven't experienced or would like to experience?
Suppose you do create your own reality. Why futz around with trading when you can will yourself a winner to the next powerball drawing ? Or better yet why concentrate on materializing money? Simply will yourself whatever effects you expect it to generate in your life. Even from the mystical viewpoint it makes no sense.
the OP says: "In this worldview, individuals may use the same exact rules in trading and achieve the exact same out come, execution problems notwithstanding. That is why proponents of this view want to see the results obtained by Hershey and often use backtesting." There is bad news. The proponents are not asking for results. They are not in a modus of doing comparisons of prints. What are the US people doing? They are comapring notes on their routines. They compare on monitoring. They comapare on the pairing of conclusions. They compare on their decisions. They compare on their actions. They offer their results of doing the work. What are THEM people doing? they express themselves in many ways. they ask for things They say they want to get something or other. they want to criticize prints they used to get. They do not critize coding they get and use. They do not want to get their backtesting straightened out by our programmers. US people are trading on various levels and they are mainly focussed on the announced 2007 schedule. In this month we introduced the first and majot leading indicator of price. It is focussed still on anticipating the FTT's which are traded during the day. Those teaching are often trading on a more advanced level. most of the proponents are at inquiry. thay ask and answers are given. Answers are given repeatedly to the same repeated questions. This is THE example of minds being built. Others seek proofs mostly in their questions. Others do not ask for help. As 2007 goes by day by day and week by week and month by month, the US trading, questions and answers will move to higher and higher level of performance, effectiveness and efficiency. Day by day in the chat you get to see US and THEM interacting. You now get to see stuff going on on about 25 different exchanges and with many different instruments. It is now a 24/7 trading activity as it unfolds. Some people haven't cought on to who is trading what so far. They will later. Someone just asked what a platform is for example. They do not get to see the markets for a while it turns out. They do not know what a platform is as yet. This is a THEM person who is not doing the owrk. That is perfect for him to do what he wants and what he doesn't want. The OP isn't going to do the work either. That is perfect.
I'm sure this has been asked a million times but a search for Jack Hershey brings up more hits on ET than there are pages in the Tax Code so... is there a place that describes Jack's methodology completely and upfront (a primer before the journals perhaps)? I'm just looking to get a better handle on it because looking at the journals my head is already spinning. Edit: Nevermind. Sorry about that apparently I kept looking at a different link. The journals provide all the information.
Re read the paragraph. The word "proponents" refers to those holding the objective viewpoint, i.e., THEM. I believe you are attempting to ascribe traits to US which I had ascribed to THEM. But if you believe it applies to THEM I suppose in your world it does.
Some quotes still on the table: "Hershey expresses his view of reality in his writings here and by reference to outside works." I'll be footnoting a lot of stuff from here on out. In that way the US voice can be heard on a wider and more significant basis. "2007 will also produce a single platform where all of the coding for doing the routine and trading will be available. What does the above mean?" Us people are using more than one platform out of necessity and they do coding as well. You haven't seen the market as yet. don't worry about it; it isn't in the cards anyway. In 2007 a new signle platform will appear. that is easy to understand. Something is coming this year and it is a platform. just let it simmer for a while...... "So my question to you is: is there any profession that you haven't experienced or would like to experience?" Well I like organic chemistry a lot and I have been around here and there going from bench to batch to scale up and continuous. The future is there for corraling natural factories. I have at least five buddies in Guiness on this so far. I am pretty able to drop into anything I want at this point. Money is easy and time is made it turns out. "Suppose you do create your own reality. Why futz around with trading when you can will yourself a winner to the next powerball drawing ? Or better yet why concentrate on materializing money? Simply will yourself whatever effects you expect it to generate in your life. Even from the mystical viewpoint it makes no sense." This is a non comment from you... Materializing money is simply done by opening the valves on the pool
Not anymore. Princeton Engineering Anomalies Research laboratory, or PEAR, is closing this month, if not already closed. The basement of the E-Quad will no longer take you from the deepest inner mind to... The Outer Limits. Please stand by.