Three shells? Are we supposed to guess which one the pea is under? Do you do three-card monte too? Why hasn't ScottD posted an update since March when he said your "cash cow" isn't profitable? http://www.elitetrader.com/vb/showthread.php?s=&postid=2462769&#post2462769 Is this like the time you said neoxx was doubling his money every three days when he was actually losing money? Or is it like your changing claims about Roughtrader (who hasn't posted since May): 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
OK, it's your thread, no problem. But let me clarify something... Jack didn't say "that 10k to 1 mil in 100 days is possible" he actually promised his former IBD group he would do it "starting tonight." Here's Jack in his own words making that promise. http://www.mediafire.com/?1gi2qygm3yh
Less of a delusion than a TS Performance summary found to be unprofitable on a forward and backtested basis. The difference here is we have a reasonably profitable backtest as our basis. There's quite a big difference if you ask me. Still no trades in PTQQS. Oversold,though, and still long SDS in cash cow.
I've heard it before, T. I know what he said. Delusional, and we're right to be skeptical. We should be less skeptical with the WL5 cash cow implementation, but not convinced.
You asked me to be original so here's my take on this whole thing. You took Jack's unprofitable "cash cow" and made it marginally profitable. But Jack is distancing himself from your version, saying you got it wrong. Did you notice that? Why? Because your version is not "shiny" enough. Did you see what he wrote about his latest version of "cash cow?" Version 1.3.5 is under review now. It is the last version of the Cash Cow basic core. Three shells will follow: Basic supreme, Intermediate and Expert. Now that is something "shiny" that he can use to attract the uninformed and the naive because it sounds cool. And he said earlier that: the basic core corresponds to beginner and in May version 1.3.3 was doing 25K/month with 5 contracts
It's always Jack's MO to claim it's not his system. If he were really looking for fame, he'd just publish his code.
I still don't think you understand... if Jack publishes his code it will discredit him. So instead he speaks in riddles and makes huge claims to play on the hopes of the unwary and keep them coming back for more.
This is how I interpret it. DU, FRV and Peak are just multiples of the average daily volume. The method is simply to buy as volume increase from 0.25 of the daily average(DU = Dry Up?) through 0.6 (FRV = F? Rising Volume?) and hold while it's above 1.8 (Peak). Daily volume is estimated intraday using the typical intraday volume distribution given. The whole method relies entirely on picking the right stocks to apply it to. For some reason Jack only ever posts one part of the method.
2nd trade in Cash Cow for Bwolinsky was closed at 60.84 after entering at 60.94 a couple days ago. No big deal. Still profitable so far this month. I have extended the listing.