I have a lot of "nak's". My vantagepoint is one that comes from a good and long experience. As a student in a department where juries judged creativity by ranking the students relative to one another, I quickly learned to select a reasonable approach and spend my time iteratively refining the concept. After working my way through school while not borrowing money, I learned one important thing. Money is a commodity and it is not scare at all. So I followed my contemporay, Darvas, and took money out of the markets. From the beginning I could see as did he, that in a period of time an given amount of money was available for extraction. I did nothing unusual except steadily take money out of the market at a steady money velocity. Others, in the course of my life, observed me doing this. All they did was look at where I lived and what I did. Today, I live in Tucson, AZ and I do what I want as time passes. I am known to have multiple accounts at an IB in California. It is known that the CEO of the brokerage visits me in Tucson. some of WJO'N's protogeges visit me too. WJO'N wrote a book as did Darvas. In his second book WJO'N mentions his beginnings. He worked 27 months to make enough money from his intial capital ($500) to start IBD, etc. It is the nature of all markets to offer all the time during RTH. this is a market "nak". People observe me taking the market's offer. that is they sit in a chair near me. they do not talk. I talk and I exhibit behavior. these two "nak's" are valuable to others. They see money being made by taking the market's offer. Before I act, I explain my thinking using my vocabulary which they have learned. As you say, there is a name for what I do to my visitors. I string them along. They have laptops and they have accounts. They press buttons on their laptops. They watch my mice being operated by my hands. My mice have specific jobs that they do. I use Snagit to make electronic files fo my annotated trades. My computer stores these on thunb drives. I email the files to the people who watch me and those people in the Tucson office and their friends and friends of those friends. There is a network of people I have the "nak" of stringing along. I write documents. I print those documents and give them away. My last print I bound in 3 ring binders. It ws to get ready for a Paltalk I didn't do. 5 copies cost me 200 dollars. I expected to hand out a 100 more copies to the Paltalk friends of the host. Why? I was seeking addresses of other traders who had been vetted. My wish was not granted. I was stringing along all these people.
glad to hear that; contrarily, most people who see my performance (as you have, I presume) think otherwise. Please post the basis of your judgement so others can see how you got to learn of my performance.
copy catting and coattailing are important for passive tradesr/investors who wish to be wealthy in a brief period of time. Say you wish to double your capital every 3 or 4 days. you can have your broker do that for you by coatailling someone else's performance. Its wednesday, do you want to have twice the capital next wednesday?
thats called front running.. thats like selling a short sale house to a friend and being a silent partner.. or being travelocity and a plane carrier in collusion gaming your internet price requests.. first time you go.. its 210 for a ticket.. you go back same computer.. its 230.. and funny thing is you go directly to delta and its 260... but if you were to try the request on another computer all together.. delta might be cheaper then your orginial request to travelocity. as well boom you as well find travelocity is cheaper on a first request on a different computer then your second request on the previous computer.. its going on everywhere.. i wouldn't believe anyone who didn't tell me that there isn't teams of quants analyizing how the majority of the players are gaugin the next market move so that they can front run them.. or in another way take their money..
True that. That's why trading and traders are so interesting from psychological point of view. Situation of constant ambiguity creates perfect conditions for classic psychological phenomena associated with beliefs, success, failure, self-control etc.
Probably those who ask for those, either subconsciously (or even consciously) want to see the proof that trading is possible (to confirm their hopes about it) or hear a refuse to confirm their beliefs that it's impossible (in their logic, everyone who refuses to spend his/her valuable time to proove them what they ask is a loser too ).
Jack Hershey, I have one idea why so much negativity around your teachings. When I got interested in it back in 2007 and we chatted about it, it looked good, but during discussion on the forum it often leaves impression like you state the possibility to close/reverse nearly every trade for a nominal profit and refuse to accept the definition of nominal loss. Hence so much suspection from people, especially those, who have experience. I wonder if that's really your idea or was some misconception somewhere in the process of delivering your ideas to the public? P. S. To me process of extracting of money from markets is the continuous process not divided to single trades as much as possible. Thus single trades can be winners or losers, but extraction process is a guaranteed result, which is effectively a "real" Holy Grail.